Makin' a way where there is no way : fostering small business connections in Camden, New Jersey

[摘要] In Camden, New Jersey, the benefits of state funded revitalization efforts focused on waterfront tourism and educational and medical institution expansion have yet to reach the city;;s current residents. The next iteration of this redevelopment strategy should include additional support and development of small businesses primarily located on the city;;s historic neighborhood commercial corridors. Camden small business owners have extensive local knowledge and experience in the city, view being located in Camden as a business opportunity, fill local market needs, give back to the community, and serve as role models. At the same time, these businesses face challenges, which include a lack of access to financial capital, a disconnect from economic development entities, an opaque and inefficient permitting and licensing process, and the challenge of promoting themselves in a city with a negative reputation. To overcome these challenges and better promote small business development, connections among the small businesses, between small businesses and government and economic development organizations, between small businesses and rooted institutions, and between small businesses and youth should be fostered.

[发布机构] Massachusetts Institute of Technology