Extract

Policy recommendations and related community initiatives that can foster entrepreneurship among the poor in developed economies are examined. Ongoing gaps in policies to support low-income entrepreneurs are identified. Eight principal policy levers available to foster entrepreneurial activity among the poor are reviewed. Complementing these are a wide variety of support initiatives typically initiated at a community level. Rather than approach these individually or on a piecemeal basis, attention is devoted to describing the elements of a more holistic policy framework. The stages in the SPODER model for facilitating low-income entrepreneurship introduced in Chapter 3 are revisited from a policy perspective.