Enterprise for Equity

Enterprise for Equitys mission is to ensure that people with limited incomes in the South Sound region have access to training, support, and funds to develop their own small businesses. These services are provided with the belief that people can and do transform their lives as they bring their strengths, initiative and dreams to their entrepreneuri... al efforts. Micro-enterprise development works because it reduces reliance on public assistance, creates jobs, and raises the income, job skills, and assets of low-income people. The best national research shows that: Limited-income micro-entrepreneurs reduced their reliance on government assistance by 61% with the greatest reduction in the amount of cash benefits received. Average benefits declined by $1,679. 72% of limited-income micro-entrepreneurs experienced gains in household income over five years. The average change in household income was $8,485, rising from $13,889 to $22,374 over five years. 53% of limited-income micro-entrepreneurs had large enough household gains to move out of poverty. The microenterprise business was a major source of earnings for households moving out of poverty. Average household assets of limited-income micro-entrepreneurs grew by $15,909 over five years. 49% of micro-enterprises owned by limited-income entrepreneurs survived after five years a rate comparable to the national average. On average, micro-enterprises create 1.5 full and part-time jobs per business. Micro-enterprises also generate a wide range of social and economic benefits such as life-long skills development, further education and training, improvement in self-esteem and family relationships. For more research on Micro-enterprises by the Aspen Institute, visit: https://www.aspeninstitute.org/topics/microenterprise/ This institution is an equal opportunity provider and employer and does not and shall not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual ...Read More