Policies and programs to support low-income entrepreneurship

Michael H. Morris · Susana Correia Santos · Xaver Neumeyer

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Innovation and Socioeconomic Development Entrepreneurship Studies and Influences Microfinance and Financial Inclusion

Abstract

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.

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