Small businesses in Springfield, Massachusetts: a look at Latino entrepreneurship

Lynn E. Browne, Sol Carbonell, Prabal Chakrabarti, DeAnna Green, Yolanda Kodrzycki, Ana Patricia Munoz, Anna Steiger, Richard Walker and Bo Zhao

No 2011-2, Public and Community Affairs Discussion Papers from Federal Reserve Bank of Boston

Abstract: The Federal Reserve Bank of Boston has been collaborating with community leaders in Springfield, Massachusetts, on exploring revitalization strategies. Latino entrepreneurship is playing an important and increasing role in Springfield's economic development?providing new jobs and services and maintaining storefronts that might otherwise be vacant. An analyst in the Fed's community development unit, Ana Patricia Muoz, has recently completed a discussion paper on this topic, \"Small Business in Springfield, Massachusetts: A Look at Latino Entrepreneurship.\" Among the implications: if Springfield stakeholders were to expand their support and technical assistance, these small businesses could broaden their role in the city's comeback. Adds Muoz, \"Although Latino self-employment has been growing, gaps relative to whites, to Massachusetts, and to the United States persist. It is therefore important to have strategies geared to Latino entrepreneurs and to reach out to them.\" The Fed is looking into whether the paper's recommendations might also benefit other postindustrial cities in New England.

Keywords: Small business - Massachusetts; Hispanic Americans - Massachusetts (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-ent and nep-ure
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Citations: View citations in EconPapers (1)

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