Tuesday, September 7, 2010

Call for policies that create jobs through microenterprise development for Latinas

By: Elizabeth de Renzy, Researcher & Data Analyst

Together with leaders from other civil rights, labor, and student organizations, NCLR is leading One Nation Working Together, a national campaign to call for policies to create jobs and invest in a strong economic future. A major feature of the campaign is an historic rally scheduled to take place in Washington, DC on October 2, 2010. Click here to learn more about One Nation Working Together.
Business ownership has historically been one of the most effective ways for low-skilled Hispanic entrepreneurs to increase income and build assets in the US. The self-employment rate of Latinas is rapidly growing, especially in the states along the US-Mexico border. Nevertheless, disparities in business ownership still exist. Latina entrepreneurs face challenges both in starting and growing their businesses. Training, networking, and mentoring opportunities are often limited and there is unequal access to capital resulting from discriminatory treatment in both the public and private sectors.
An investment in microenterprise development targeting the low-income Latinas would create jobs, build assets, and reduce poverty among Hispanic families.
At the height of the recession, nine in ten un- and underemployed women who received microenterprise training through Women’s Initiative entered employment or self-employment within the first year after training. More than one in ten provided jobs for others within the first year.
Small businesses are the foundation of American neighborhoods and small towns. They provide jobs and increase the purchasing power that will stimulate the local economy. Business ownership has played an important role in the upward economic mobility of immigrants. Self-employment rates for Latinas, especially immigrants, are growing at a rapid pace but disparities still exist. Microenterprise development services are an import part of the solution to escalating poverty and unemployment rates among Latinos.
Join Women's Initiative by calling for policies that create jobs through microenterprise development for women, especially Latinas and immigrants.

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