You are now being logged in using your Facebook credentials
Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Producers of the Allstate Gospel Superfest

The Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!- Jacksonville, Memphis & Washington, DC Chosen to Host the 2014 Competitions -(BLACK PR WIRE) – Cincinnati, OH – Producers of the Allstate Gospel Superfest will conduct its sixth annual new talent initiative in three major U.S. cities this coming…

Read More...
Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Charlotte, NC (BlackPR.com)

Dorothy Buckhanan Wilson of Milwaukee, Wisconsin, a business executive, was installed as the 2014-2018 International President of Alpha Kappa Alpha Sorority, Incorporated (AKA)

Read More...
Nielsen Expands Communications Leadership Team with Key Media Relations Hire

Nielsen Expands Communications Leadership Team with Key Media Relations Hire

New York (BlackPR.com)

New York (BlackPR.com) -- Nielsen today announced that Andrew McCaskill has joined Nielsen as Senior Vice President, Corporate Communications. He will report to Chief Communications Officer Laura Nelson.

Read More...
Voter Suppression: It’s Mobilization Time

Voter Suppression: It’s Mobilization Time

Written by Peter Grear

With this article we will start detailing the ingredients of a revisable action plan that needs comments and revisions as we move toward the Tuesday, November 4, 2014 General Election.  

Read More...
Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

WHEN THE HUMOR IS GONE

James Bean has shown insight and understanding of the darkest moments of many people’s lives as well as ideas on how one could begin to create a life worth living even out of the depths of despair.” -– Rhonda Duncombe, LMFT, LADC

Read More...
Voter Suppression: NC Black Republican Advisory Board

Voter Suppression: NC Black Republican Advisory Board

Written by Peter Grear

Educate, Organize and Mobilize: I confess that I’m amazed. The Republican National Committee and the Republican Party of North Carolina announced last week that they have launched theNorth Carolina Black Advisory Board (BRAB) 

Read More...
Tips for Managing Stress in Your Life

Tips for Managing Stress in Your Life

Written by State Point

Stress is not only unpleasant; it can be overwhelming, ultimately preventing you from solving the problems that caused the stress in the first place. But getting focused can help you feel happier and be more successful professionally, financially and in your relationships, say experts.

Read More...
Voter Suppression: Defeating it requires two massive efforts

Voter Suppression: Defeating it requires two massive efforts

Written by Peter Grear

For black voters, Benjamin Jealous expressed what I believe to be the critical message for black voters when he said that the best way to overcome massive voter suppression is through a massive wave of voter registration.  Thankfully, the NAACP is putting this theory into action through the Youth Organizing…

Read More...
Black Women are Taking Care of Business

Black Women are Taking Care of Business

Written by Freddie Allen

Instead of breaking the glass ceiling, Black women have increasingly started making their own. According to the Center for American Progress, an independent, nonpartisan progressive institute, Black women are the fastest-growing group of entrepreneurs in the country.

Read More...
Voter Suppression: Is it partisan?

Voter Suppression: Is it partisan?

Written by Peter Grear

Educate, Organize and Mobilize: I’ve been doing commentaries on our Campaign to Defeat Voter Suppression since November, 2013.  Because the right to vote is fundamental to our democracy, I’ve tried to promote a non-partisan theory of voter enfranchisement. 

Read More...
Why vote? ALEC and the Doctrine of Exclusion

Why vote? ALEC and the Doctrine of Exclusion

By Peter Grear

Educate, Organize and Mobilize: Frequently, in going forward it is imperative to examine your history.  In 1638 the Maryland Colony issued a public edict encouraging the separation of the races that became the public policy of America. 

Read More...
Download Greater Diversity News Digital PDF Edition for FREE

Download Greater Diversity News Digital PDF Edition for FREE

FREE Full PDF Edition includes stories not featured on the website

The FREE Full PDF Edition includes stories not featured on the website. No paper, no hasel, read on your laptop or mobile devices. 

Read More...
Frontpage Slideshow | Copyright © 2006-2011 JoomlaWorks Ltd.

Home Page

Microenterprise Leaders Working to Help Small Businesses Affected by US Financial Crisis

Written by Featured Organization on 05 March 2009.

small_business_developmentWASHINGTON, DC. – Responding to the sharp economic downturn facing the nation, a group of seven leading nonprofits that offer lending and support services to small businesses are taking swift actions to help entrepreneurs challenged by higher costs, declining sales, and tightening credit. Leaders of the seven organizations came together last month in Albuquerque, NM, to share their approaches, including:

customizing their counseling and coaching services to help businesses adapt to the economic downturn, implementing new technology and reconfiguring staff to increase loan production, and developing new loan products and financial counseling services for credit-challenged customers. The meeting in Albuquerque, NM, served as a continuation of work begun months ago, when the organizations, recognizing the warning signs in our economy and that many of the businesses they work with had little experience operating during a recession, began taking steps to create new services and adapt old ones to meet the changing environment.

Known as “microenterprise development organizations” because of their work with very small businesses started with $35,000 or less in capital and employing five or fewer employees, these organizations are part of a select group of leaders that has been meeting together for two years to find ways to reach more clients and achieve greater impact. The seven are: ACCION New Mexico, Albuquerque, NM; ACCION USA, New York, NY; ACEnet, Athens, OH; Justine Petersen, St. Louis, MO.; Mountain BizWorks, Asheville, NC; Opportunity Fund, San Jose, CA.; and WESST Corp, Albuquerque, NM.

Their work together is coordinated by the Aspen Institute and the Association for Enterprise Opportunity, the national trade association for U.S. microenterprise programs. Funding is provided by the Charles Stewart Mott and the Citi foundations.

The Aspen Institute’s Elaine Edgcomb, who has been overseeing and guiding the group’s activities, said “they were selected because they are among the largest and most effective of the nation’s cadre of some 500 nonprofit microenterprise programs. The very small businesses that they serve are the bedrock of our economy. In the face of ever more disheartening reports from the nation’s mainstream financial institutions, it is important that leaders like these are working creatively and collaboratively to keep these businesses moving and our economy going.”

  • In 2007, the seven groups served 5,302 clients and made 1,728 loans totaling just under $13 million, with a loan loss rate of 3%.
  • Other business-assistance strategies the organizations are using include:
  • Creating new distance-learning tools and products to better reach entrepreneurs in rural areas;
  • Helping clients develop and implement new marketing strategies to stabilize sales;
  • Developing business incubation facilities to provide affordable space and business services to entrepreneurs;
  • Expanding services across states to serve more entrepreneurs.

The Institute’s microenterprise program, known as FIELD (Fund for Innovation, Effectiveness, Learning and Dissemination), is a research and development program that works to expand and improve microenterprise programs in the United States. For more information about FIELD, visit www.fieldus.org.

The Association for Enterprise Opportunity (AEO) is the national leadership organization and the voice of the U.S. microenterprise movement. Its members include non-profit organizations who provide services that include lending, training, technical assistance and mentoring to current and aspiring entrepreneurs often in underserved populations such as, immigrants, women heads of households, Native Americans and others. Learn more at: www.microenterpriseworks.org.

The Aspen Institute mission is twofold: to foster values-based leadership, encouraging individuals to reflect on the ideals and ideas that define a good society, and to provide a neutral and balanced venue for discussing and acting on critical issues. The Aspen Institute does this primarily in four ways: seminars, young-leader fellowships around the globe, policy programs and public conferences and events. The Institute is based in Washington, DC, Aspen, Colorado, and on the Wye River on Maryland’s Eastern Shore and has an international network of partners. For more information, visit www.aspeninstitute.org.

For more information please contact:
Elaine Edgcomb, Director of FIELD
The Aspen Institute
732-452-0143
www.aspeninstitute.org

GDN Link Exchange