![]() The area that surrounds the district has some of the highest poverty rates in the region. In 2014, Detroit Kitchen Connect supported 18 entrepreneurs, and 90 percent of them were minorities.ĭetroit Kitchen Connect is run by the Eastern Market Corporation, a nonprofit economic development organization in Detroit’s Eastern Market district. One inner city Detroit incubator helping minority entrepreneurs succeed is Detroit Kitchen Connect. One just has to look at Detroit’s successful incubators to understand the significant impact these organizations could have on growing minority entrepreneurs across all sectors, such as food, fashion, retail and tech. If minority entrepreneurs can’t access the support they need in these incubators it could limit the numbers of successful minority-owned businesses. We found four incubators in Detroit’s inner city and estimate that collectively they can support just 11 percent of minority entrepreneurs, and that’s if their representation was 100 percent, which typically it is not. ![]() In Detroit, an estimated 86 percent (1,237) of minority-owned firms with paid employees are located in the inner city. ĭetroit is just one city that offers a compelling argument for more inner city incubators. ICIC’s 2015 analysis of the location of incubators in nine states (California, Louisiana, Massachusetts, Michigan, Missouri, New Jersey, New York, Washington and Wisconsin) identified 261 incubators, of which only 24 percent were located in an inner city. ![]() But most incubators are located in higher-income, less diverse communities. While inner cities only make up 10 percent of the population nationwide, 21 percent of minorities live there. One solution might be to establish more incubators in inner cities (the subject of our latest infographic), which have high concentrations of minority entrepreneurs. How can we get incubators to be more inclusive? However, minorities represent a small percentage of the firms being supported by incubators. Incubators, which are designed to address the networking, education and capital challenges that all, but especially minority, entrepreneurs face, are a promising strategy for increasing minority entrepreneurship numbers. At the heart of the growing political interest in minority entrepreneurship is a well-documented underlying problem: While minorities make up over one-third (36 percent) of the U.S. Last year’s first ever White House Demo Day, for which entrepreneurs were invited to the White House to present their ventures, focused on inclusive entrepreneurship. Want to Increase Minority Entrepreneurship? Make Incubators More Inclusive
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