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Market-Based Solutions to Vital Economic Issues

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Market-Based Solutions to Vital Economic Issues

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As the pandemic forced shutdowns across the globe, U.S. government entities at the federal, state and local levels worked swiftly to secure known drivers of economic growth and job creation – including entrepreneurial ecosystems and small businesses. And while the programs implemented were widely lauded as successful, the story of who benefitted – and who did not – is more complex. This week’s Kenan Insight explores our experts’ key findings around the roles of policy and implementation in supporting equal access to opportunity.

Entrepreneurs from diverse backgrounds face a variety of challenges in accessing resources, expertise and funding. Hear experts from our 2021 Frontiers of Entrepreneurship Conference discuss persistent issues and promising solutions for creating vibrant entrepreneurial ecosystems.

The COVID-19 pandemic increased economic inequities in a number of ways, including in access to external capital – and while 2020 marked a break-out year for venture-backed firms, the pandemic hit many main street businesses hard. In this Kenan Insight, we explore the forces driving the haves and have-nots in this new economic climate, as well as actionable policy solutions as government support programs wind down.

A recent TechCrunch article describes the new collaboration between the Kenan Institute-affiliated Entrepreneurship Center, Duke University, Stanford University and others to grow and support founder diversity in the tech industry.

Urban Investment Strategies Center Director Jim Johnson weighed in on the initial surge and subsequent decline in Black bookstore sales during the COVID-19 pandemic in a recent article by CNN Business.

Mark Little, executive director of CREATE, a Kenan Institute-affiliated center, has been named to the inaugural North Carolina Black Entrepreneurship Council (NC BEC).  The council was founded by NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic empowerment in North Carolina.

Small businesses are an undeniable engine of growth for the United States, comprising 99 percent of all U.S. firms and driving nearly half our total economic activity. Yet small business owners across the country lack sufficient capital to succeed, grow and scale. The Kenan Institute has conducted a new analysis on the role of the Small Business Administration’s SBIC program in providing capital to the often-overlooked small businesses operating outside of metropolitan centers, as well as those owned by women and underrepresented minorities. You can access an overview of our findings, as well as key takeaways for business and policy leaders, by clicking below.

Please join the Kenan Institute for an exclusive conversation with Squad Founder and CEO Isa Watson on Thursday, Feb. 13. The event takes place in Kenan Center 204 and is part of the Dean’s Speaker Series, hosted by UNC Kenan-Flagler Business School's Senior Associate Dean for Academic Affairs Dave Hoffman.

An inside look at the plenary sessions of the fourth annual Frontiers of Entrepreneurship conference, which convened practitioners, policymakers and academics to discuss the most challenging issues in the field of entrepreneurship and set the agenda for future research and policy.

The third annual Kenan Institute Frontiers of Entrepreneurship Conference convened thought leaders from academia, industry and government to debate the most challenging current issues in the field of entrepreneurship and set the agenda for future research and policy. It was held on Jan. 31 and Feb. 1, 2019 at The Breakers Palm Beach.

This article describes an American community survey and a survey of business owners of which the data are merged to assess the experiences of minority- versus white-owned small businesses between 2007 and 2012. This is highlighted due to it being a period encompassing the worst economic downturn since The Great Depression. White firms declined while minority firms grew rapidly. Despite recent efforts to create inclusive entrepreneurial and business ecosystems, however, minority business owners made little progress toward achieving equity or parity with white business owners. Policy prescriptions and implications for future research are discussed.