Agenda & Materials
Wednesday, November 9, 2011
The Role of Small Business and Entrepreneurship in Job CreationCurrent economic conditions have the potential to alter what we think we know about small businesses' role in the economy and job creation. Authors have been asked to consider the following questions: How does the recent recession differ from previous ones in terms of jobs and small business creation/destruction? What types of businesses are the most important sources of jobs? Whom do they hire? What is the role of self employment in the labor market? How do small businesses support the general economy as well as local community development?
Moderator: Robin Prager, Deputy Associate Director, Division of Research and Statistics, Board of Governors of the Federal Reserve System
The Declining Average Size of Establishments: Evidence and Explanations
Paper available at: http://www.bls.gov/ers/choispletzer.pdf
Presenting Author: Eleanor J. Choi, Research Economist, U.S. Bureau of Labor Statistics (Coauthor: James R. Spletzer, Senior Research Economist, U.S. Bureau of Labor Statistics)
The Small Business Sector in Recent Recoveries (PDF)
Presenting Author: William Dunkelberg, Professor of Economics, Temple University (Coauthor: Michael J. Chow, Senior Data Analyst, National Federation of Independent Business Research Foundation)
Discussant: John Haltiwanger, Professor of Economics, University of Maryland--College Park
The Landscape for Small Businesses and EntrepreneursThis panel lays the foundation for the more in depth discussions of subsequent sessions by featuring information from some of the intelligence-gathering efforts of staff within the Federal Reserve System and the Ewing Marion Kauffman Foundation about the current environment in which small businesses are operating.
Moderator: Karen Leone de Nie, Community and Economic Development Research Director, Federal Reserve Bank of Atlanta
- Claire Kramer, Regional and Community Outreach Analyst Director, Federal Reserve Bank of New York
- Alicia Robb, Senior Research Fellow, Ewing Marion Kauffman Foundation
- John Robertson, Vice President and Senior Economist, Federal Reserve Bank of Atlanta
- Maude Toussaint-Comeau, Senior Business Economist, Federal Reserve Bank of Chicago
The Importance of a Robust Entrepreneurial EcosystemA combination of policies, programs, services and networks is vital to encourage and support entrepreneurship both nationally and at the local level. These authors provide a critical assessment of strategies to create a healthy and productive entrepreneurial ecosystem for all. What has proven most effective and why? Who are the key players and what are the important components for an entrepreneurial ecosystem strategy?
Moderator: Ana Patricia Muñoz, Policy Analyst, Federal Reserve Bank of Boston
Local Roles in Cultivating a Small Business and Entrepreneurial Culture (PDF)
Presenting Author: Christiana McFarland, Program Director, Finance and Economic Development, National League of Cities (Coauthor: Katie Seeger McConnell, Senior Program Associate, Finance and Economic Development, National League of Cities)
The Space Between: Building the Infrastructure for Entrepreneurship in Emerging Domains of Activity (PDF)
Presenting Author: Jennifer Woolley, Assistant Professor, Santa Clara University
Discussant: Claudia Viek, CEO, California Association for Micro Enterprise Opportunity (CAMEO)
The Unique Challenges of and Opportunities for Minority- and Women-Owned Small BusinessesWhile minority- and women-owned businesses have experienced notable growth in the last decade, they have historically faced multiple constraints when seeking capital to start or operate a business. These papers examine the experiences of these groups as they navigate the economic downturn. Questions of interest include: How have current economic conditions affected minority- and women-owned small businesses? How does capital access for women and minorities differ from access for the general population? What best practices and strategies do women and minority entrepreneurs bring to advance innovative and sustainable entrepreneurship?
Moderator: Myriam Quispe-Agnoli, Research Economist and Community and Economic Development Adviser, Federal Reserve Bank of Atlanta
Gazelle Index: New National Survey of High Performing, Small, Minority-owned Businesses (PDF)
Presenting Author: Thomas "Danny" Boston, Professor of Economics, Georgia Institute of Technology
On the Earnings and Employment of Female Hispanic Entrepreneurs in the 2000s (PDF)
Presenting Author: Marie Mora, Professor of Economics, University of Texas - Pan American (Coauthor: Alberto Dávila, Professor and Neuhaus Chair, University of Texas-Pan American)
Discussant: Gregory B. Fairchild, Executive Director of the Tayloe Murphy Center and Associate Professor of Business Administration, University of Virginia Darden School of Business
Thursday, November 10, 2011
Strengthening Entrepreneurship Opportunities in Urban and Rural CommunitiesUrban and rural areas present different hurdles to entrepreneurial and small business growth and sustainability. Among the questions the authors will consider: Who are the providers of credit and capital in rural versus urban communities? How have distressed urban and rural communities successfully fostered sustainable entrepreneurship? What is the role of small business and self employment in creating economic vitality for communities and individuals in these distinctly different environments?
Moderator: Jeremiah Boyle, Community Affairs Managing Director, Community Development and Policies Studies Division, Federal Reserve Bank of Chicago
Determinants of Rural Self-Employment: Insights from County-Level Data (PDF)
Presenting Author: Stephan J. Goetz, Director, Northeast Regional Center for Rural Development, and Professor, Agricultural and Regional Economics at Pennsylvania State University (Coauthor: Anil Rupasingha, Community and Economic Development Research Economist, Federal Reserve Bank of Atlanta)
Capital Availability in Inner Cities: What Role for Federal Policy? (PDF)
Presenting Author: Teresa Lynch, Senior Vice President, Research Director, Initiative for a Competitive Inner City (Coauthor: Lois Rho, Research Practice Manager, Initiative for a Competitive Inner City)
Discussant: Timothy Bates, Professor of Economics, Wayne State University
The Importance of Access to Capital for Business InnovationThe economic downturn has led to changes in underwriting standards and capital flows. Authors critically examine these changes and how small businesses and start-ups, as well as lenders, are adapting to this new economic environment.
Moderator: Traci Mach, Economist, Financial Structure, Division of Research and Statistics, Board of Governors of the Federal Reserve System
Bank Capital Ratios and the Structure of Nonfinancial Industries (PDF)
Presenting Author: Seung Jung Lee, Economist, Board of Governors of the Federal Reserve System (Coauthor: Viktors Stebunovs, Economist, Board of Governors of the Federal Reserve System)
Who Seeks and Who Receives? Implications of Demand for and Access to Financial Capital by Young Firms (PDF)
Presenting Author: Sheryl Winston-Smith, Temple University, Fox School of Business (Coauthor: Alicia Robb, Senior Research Fellow, Ewing Marion Kauffman Foundation)
Discussant: Clinton B. Gwin, President, Pathway Lending
Luncheon and Keynote AddressAmy Wilkinson, Senior Fellow, Harvard Kennedy School, Center for Business and Government, and Public Policy Scholar, Woodrow Wilson International Center for Scholars
Introduction by Anna Alvarez Boyd, Senior Associate Director, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System