Banking on Black Enterprise

Banking on Black Enterprise by Timothy Bates

ISBN10: 0941410943
ISBN13: 978-0941410946
Author: Timothy Bates
Title: Banking on Black Enterprise
Publisher: UPA (March 31, 1993)
Language: English
Size ePub: 1716 kb
Size PDF: 1503 kb
Rating: 4.0/5
Votes: 360
Pages:
Subcategory: Social Sciences

Banking on Black Enterprise by Timothy Bates


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Banking on Black Enterprise - Timothy Bates
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Since the 1960s, black businesses have been diversifying and expanding in response to increases in entrepreneurial talent and investment capital. Opportunities created by policies such as procurement set-aside programs have induced better educated, younger blacks to create and expand firms in new lines of business, including wholesaling, contracting, and skill-intensive services. Bates argues that targeting assistance toward these emerging small businesses could go far toward halting the chronic drain of capital and skills suffered by our nation's inner cities. For the research in this book, Bates has been quoted most recently in The Economist and, twice, in The Wall Street Journal, whose editors described him as 'the reigning expert on minority business.' In 1993 Banking was cited in Congressional hearings for its evidence of the positive impact that greater investment in minority-owned firms could have on inner-city poverty.

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