With the right mix of capital and support, microbusinesses in low-wealth communities grow jobs at the rate of over 10% per year and grow 30% faster than their peers. But what is that right mix?
In a first of its kind study published in 9 languages, businesses and leaders themselves in historically marginalized communities defined funding and services they need to thrive – and how they should be delivered. The results are being used to build innovative, non-traditional financial products recommended by these communities.
Our role: We secured funding, developed the survey instrument, performed the research and analyzed results, wrote and oversaw the publication for the Washington State Department of Commerce.
Team: Sarah Lee, Tresa Thomas Massiongale, Sandra Archibald