Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/114702
Authors: 
Gittell, Ross
Sohl, Jeffrey
Thompson, Phillip
Year of Publication: 
1996
Citation: 
[Journal:] Journal of Entrepreneurial and Small Business Finance [ISSN:] 1057-2287 [Volume:] 5 [Year:] 1996 [Issue:] 2 [Pages:] 175-191
Abstract: 
Entrepreneurs in low-income and minority neighborhoods encounter numerous problems in securing capital. To address this capital gap this paper considers a new role for private foundations as community development venture capitalists (CDVCs). It is suggested that through grant making and program-related investments, foundations may assume an equity stake in neighborhood-based entrepreneurs and acting as CDVCs apply lessons from the value-added component of private equity financing, including drawing on their expertise, professional contacts and financial resources to contribute to entrepreneurial efforts in the inner city.
Subjects: 
Entrepreneur
Foundations
Neighborhoods
Community Development
JEL: 
G24
M13
L31
Document Type: 
Article

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