Many of our country's lowest-income workers turn to self-employment as a means of creating a job or supplementing a low-wage job. Entrepreneurship can be a pathway out of poverty, but many entrepreneurs are in need of support. States can fund microbusiness development programs, which capitalize loan funds and/or provide training, education and business services to entrepreneurs. States can also fund state microbusiness associations, which provide support and resources to micro-entrepreneurs, primarily through assistance with fundraising, organizational capacity building, program evaluation and monitoring, and advocacy. In addition, states can leverage federal funding to support microbusinesses by using federal sources such as Temporary Assistance for Needy Families, Workforce Investment Act, and Community Development Block Grant to fund training, capital and living expenses for start-up businesses. Similarly, states can allow entrepreneurs to receive unemployment compensation while they are starting new businesses.



News Feed

Copyright © 2016 CFED — Corporation for Enterprise Development 1200 G Street, NW Suite 400 Washington, DC 20005 202.408.9788