Small businesses are essential contributors to local communities and the US economy. The COVID-19 pandemic underscored the vulnerabilities of these businesses, particularly those owned by marginalized groups that face systemic barriers such as limited access to capital.
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- 35
- Published in
- United States of America
Table of Contents
- Contents 3
- Acknowledgments 4
- Executive Summary 5
- Diverse Business Growth Strategy Goals 5
- Approaches for Supporting Small Businesses 5
- Direct Support to Small Businesses 6
- Support to the Ecosystem 6
- Systems Change 7
- Putting Small Business Supports Together in a Philanthropic Effort 7
- Challenges 7
- Localizing a National Strategy 7
- Role of Regional Staff in Responding to Needs on the Ground 8
- Key Considerations and Recommendations 8
- Philanthropic Support for Diverse Small Business Owners 9
- From Goals to Impact: Localizing a National Funding Strategy 10
- Developing a National Funding Strategy 10
- Key Considerations and Priorities 11
- Diverse Business Growth Strategy Theory of Change 12
- Diverse Business Growth in Operation 15
- Operational Structure 15
- Approaches for Supporting Diverse Businesses 16
- Direct Support to Small Businesses 17
- Support to the Ecosystem 19
- Place-Based Approach 21
- Systems Change 22
- Putting Small Business Supports Together in a Philanthropic Effort 23
- Challenges 25
- Localizing a National Strategy 25
- Role of Regional Staff in Responding to Needs on the Ground 26
- Key Considerations and Recommendations 27
- Considerations for Future National Strategies 28
- Notes 31
- References 32
- About the Authors 33
- Statement of Independence 34
