Establishing a U.S. Entrepreneurial Corps to Foster an Inclusive Small Business Ecosystem
Summary
The next administration should create a U.S. Entrepreneurial Corps (“E-Corps”), a program to train, invest in, and build networks for the next generation of small business leaders. E-Corps should include three components: 1) a national network of 1,000 small business incubators co-located at Historically Black Colleges and Universities and at Land-Grant Universities, 2) a competitively selected cohort of 2,000 small business connectors to staff the incubators, and 3) underrepresented entrepreneurs to participate in the program. E-Corps reimagines the Federal Government’s approach to building an inclusive small business ecosystem by providing support to community anchor institutions while connecting underrepresented entrepreneurs to capital and historically inaccessible networks of financiers and advisors. E-Corps will become the connective tissue for entrepreneurial communities across our country, spanning both urban and rural communities.
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