Banking on Black Enterprise : The Potential of Emerging Firms for Revitalizing Urban Economies - Timothy Bates

Banking on Black Enterprise

The Potential of Emerging Firms for Revitalizing Urban Economies

By: Timothy Bates

Paperback | 31 March 1993

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Since the 1960s, black businesses have been diversifying and expanding in response to increases in entrepreneurial talent and investment capital. Opportunities created by policies such as procurement set-aside programs have induced better educated, younger blacks to create and expand firms in new lines of business, including wholesaling, contracting, and skill-intensive services. Bates argues that targeting assistance toward these emerging small businesses could go far toward halting the chronic drain of capital and skills suffered by our nation's inner cities. For the research in this book, Bates has been quoted most recently in The Economist and, twice, in The Wall Street Journal, whose editors described him as 'the reigning expert on minority business.' In 1993 Banking was cited in Congressional hearings for its evidence of the positive impact that greater investment in minority-owned firms could have on inner-city poverty.
Industry Reviews
[Bates]...shows that minority employers offer the best hope for solving the inner-city and minority unemployment crises. Highly recommended for business and public policy collections. Booklist Timothy Bates' Banking on Black Enterprise is a crowning achievement, a definitive public policy manifesto for our cities. It should be required reading for every urban policy maker on Capitol Hill and across the nation. -- Franklin Lee, Chief Counsel, Minority Business Enterprise Legal Defense and Education Fund Booklist Tim Bates' superbly well-documented book on the new class of black businesses in America points the way. -- Bennett Harrison, Professor of Political Economy, Heinz School, Carnegie Mellon University Booklist Bankers, bank regulators, business executives, Congress, the executive branch, and state and local officials might do well to read this book. -- Edward D. Irons, Dean, Clark-Atlanta University School of Business Booklist The book provides an excellent statistical picture of the nature and evolution of black-owned business in America. CHOICE The book provides an excellent statistical picture of the nature and evolution of black-owned business in America. CHOICE [Bates]...shows that minority employers offer the best hope for solving the inner-city and minority unemployment crises. Highly recommended for business and public policy collections. Booklist Timothy Bates' Banking on Black Enterprise is a crowning achievement, a definitive public policy manifesto for our cities. It should be required reading for every urban policy maker on Capitol Hill and across the nation. -- Franklin Lee, Chief Counsel, Minority Business Enterprise Legal Defense and Education Fund Booklist Tim Bates' superbly well-documented book on the new class of black businesses in America points the way. -- Bennett Harrison, Professor of Political Economy, Heinz School, Carnegie Mellon University Booklist Bankers, bank regulators, business executives, Congress, the executive branch, and state and local officials might do well to read this book. -- Edward D. Irons, Dean, Clark-Atlanta University School of Business Booklist

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