New Profit team member, Deonta Wortham, co-authored a piece recently published in the Stanford Social Innovation Review (SSIR), along with Peter W. Roberts of Social Enterprise @ Goizueta at Emory University. The piece explores why microbusinesses are critical resources for high-poverty communities and provides recommendations for supporting these small enterprises that are helping communities prosper and contributing to broad-based economic development.
"In the wake of the 2008 financial crisis, the idea of stimulating entrepreneurship in order to expand economic opportunity has become increasingly popular. Although these conversations tend to focus on companies that aspire to become national or global players, we must not overlook the aggregate contributions of microbusinesses—those with fewer than five employees."
Click here to read the full piece in SSIR!
Deonta Wortham is an Associate on New Profit's Portfolio Performance and Support Team. Previously, Deonta was a Program Associate at the Goizueta Business School at Emory University where he spearheaded program design and implementation for the Start:ME Accelerator program supporting 110 entrepreneurs across two metro-Atlanta communities.