Time to Step Up, Modeling the African American Ethnivestor for Self Help Entrepreneurship in Urban America

Résumé du livre

This article examines the historical development of ethnic enclaves in the United States, and how ethnic entrepreneurship gave rise to an ethnic enclave economy that can provide a valuable template for a modern day ethnically-inspired investors (Ethnivestors). I maintain the new market tax credits target communities are also ethnic enclaves. The article sets forth various characteristics and investment motivations that make an Ethnivestor well suited for a NMTC transaction. Certain economic principles lead to increased utility for the target residents and the Ethnivestor in a NMTC transaction beyond that of investor groups not similarly engaged in social entrepreneurship. Finally, the application of the theoretical model provides concrete illustrations of how the Ethnivestor more efficiently meets the congressional purpose of assisting low income residents without marginalizing them in the process. This discussion emphasizes the importance of small business modeling that incorporates the experiences of other ethnic enclave economies. The NMTC structure and transactional scheme is also explained, followed by a discussion of how the Ethnivestor can seamlessly operate within that structure.