Entrepreneurship is one of the best ways to create jobs and wealth. The author of the linked article below, and those quoted within the article, agree with this philosophy.

We have chosen to highlight the following section as it encompasses our philosophy on entrepreneurial education and economic enhancement:

Michael D. Woodard, president and CEO of the Washington, D.C.-based consulting firm Woodard and Associates and the author of Black Entrepreneurs in America: Stories of Struggle and Success, believes [historically black colleges and universities] would be remiss if they do not provide a curriculum on entrepreneurship.

“The most effective way for one generation to transfer wealth to the next generation is to engage in entrepreneurial activities,” Woodard says.

“Entrepreneurship is one way of providing jobs in the African-American community,” adds Woodard, noting that many minority-owned businesses have staffs that are over 50 percent non-White.

“African-Americans have had the same or greater interest rates in entrepreneurship (as other racial/ethnic groups),” says Woodard, a sociologist who has researched work-force diversity and labor force patterns. As evidence, he cited recent U.S. Census data. In July, the Census Bureau released its “Preliminary Estimates of Business Ownership by Gender, Ethnicity, Race and Veteran Status: 2007” report that revealed a 45.6 percent increase in the number of minority-owned businesses from 2002 to 2007.

This number is more than twice the national rate of all U.S. businesses.

Although this article was meant to highlight the impact entrepreneurship has on the African-American community, it can equally be applied to all minorities, and frankly, all Americans. If entrepreneurship is emphasized in the classroom, and public policy allows for the free establishment and growth of innovative ventures, jobs will be created and our economy will flourish.

You can read the entire article here: http://diverseeducation.com/article/14086/

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