Heard on the Street – here’s what we were reading last week:
Women-owned businesses face greater challenges: Women-owned businesses start with lower revenue, experience slower revenue growth and are less likely to receive external financing than their male counterparts, according to a report.
Kauffman’s State of Entrepreneurship Address-Everyone needs to get involved: The Vice President of Entrepreneurship at the Kauffman Foundation says that communities can’t wait for corporations like Amazon to move in and solve all their problems – local leaders have to foster entrepreneurship in order to empower communities to thrive.
Three Big Takeaways From The Standing-Room-Only Hearing on Opportunity Zones: The “50% test,” which says that 50% of the sales or gross income of a business that is taking on capital gains must be derived from within the Opportunity Zone in order to qualify for an Opportunity Fund, is one of the most important, and potentially limiting factors in the legislation.
How Liberatory Philanthropy and Restorative Investing Can Remake the Economy: The field of philanthropy must wrestle with its complacency in the systemic accumulation and concentration of wealth. Philanthropy needs a liberation; a movement to redress these systemic failures and restore equity. In order to liberate philanthropy, a number of justice-oriented organizations have developed concrete and actionable steps for philanthropy to take.