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Given alarmingly high rates of unemployment in the Bronx and citywide, and with few new job openings on the horizon, entrepreneurship and self-employment could become an increasingly important pathway for low-income New Yorkers to earn income and provide for their families during the long road to economic recovery. But relatively few New Yorkers from low-income communities see entrepreneurship as a viable path, even in better economic times—and many who do aspire to start a business are stymied by the numerous obstacles along the way.
The first in CUF's five-borough forum series on encouraging and supporting low-income entrepreneurship, this event focused on what’s needed to support low-income entrepreneurs in the Bronx, and examined how to ensure that more of the New Yorkers from low-income backgrounds who do turn to entrepreneurship have the tools and resources to succeed. Our forum featured an in-depth discussion with Council Member Ritchie Torres and a panel of dynamic Bronx-based entrepreneurs from low-income backgrounds in conversation with local and national entrepreneurship experts.
Center for an Urban Future is a catalyst for smart and sustainable policies that reduce inequality, increase economic mobility, and grow the economy in NYC.
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