As public workforce and economic development stakeholders consider how to stimulate job and economic growth, opportunities to support small business and entrepreneurs will increase. These evaluations and final reports present findings from small business development and entrepreneurship initiatives that occurred during periods of both economic expansion and contraction and that can help inform workforce system strategies during an economic recovery.
Impacts of a Pilot Program Supporting Self-Employment as a Reemployment Strategy
The Self-Employment Training (SET) pilot program supported dislocated workers interested in starting businesses with access to case management, training, technical assistance, and up to $1,000 in seed capital for business start-up costs. The 2018 impact study conducted 18 months after participants applied to the pilot indicate that SET led to greater receipt of personalized assistance and seed capital, sustained increase in self-employment activity, and increases in the rate of employment in any job.
The Impact of the Employment Impact of the New Economy Initiative (NEI)
The NEI was a collaboration of multiple foundations to drive economic growth in Southeast Michigan following the 2007 recession. A 2018 impact report details the effect of foundation funds on job creation through small business and entrepreneurship development. Organizations supported by NEI created 17,490 direct and indirect jobs primarily in professional, scientific, and technical service sectors. The weighted average annual pay for the newly created jobs across all sectors was $44,000 per job.
Final Evaluation Report on Growing America Through Entrepreneurship
Initiated in 2002, the Grow America through Entrepreneurship (Project GATE) helped emerging entrepreneurs create, sustain, or expand their existing small business. The evaluation report on this large, random assignment demonstration is based on the follow-up completed five years after the experiment concluded. The report describes impacts on business ownership and includes lessons about delivering self-employment programs through American Job Centers including the larger positive impact on Unemployment Insurance (UI) recipients from self-employment programs as compared to non-UI claimants.