Lawrence Technological University and the Skillman Foundation are teaming up on a two-year enterprise that will help launch micro-enterprises, meaning
those with five employees or less that are frequently launched with small loans of $5,000 or less, in Detroit's Osborn neighborhood.Excerpt:
Such enterprises have been extraordinarily
successful at poverty reduction in developing countries. What is
particularly heartening about the Skillman-Lawrence Tech initiative is
that residents in the Osborn neighborhood asked for it. Rather than
outside experts telling Detroiters what they needed, Osborn residents
told Skillman that they wanted to create a sustainable entrepreneurial
culture.
"Residents said they want to build small and
intergenerational family businesses," says Jerry Lindman, director of
Lawrence Tech's Center for Nonprofit Management. "They want a permanent
cultural change to do that."
Read the entire
Detroit News article
here.
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