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MBA Corps 

Creators of Economic Opportunity (C.E.O.s)


Typical Scenario   MBAs Care    MBAs Care Program Specifics    Why Help Small Businesses 

Benefits      Why Volunteer   Your Impact 

WHY HELP SMALL BUSINESSES

Small Business Growth Is Key to Sustainable Economic Growth and Job Growth

 Ř      In March of this year, the President noted that nationally small businesses accounted for two-thirds of job growth.

 Ř      In the same speech, the President said that nine out of ten women owned small businesses nationally employ fewer than ten people.

 Ř      The U.S. Small Business Administration indicated in a recent report that small businesses accounted for nearly half of the United States’ greater than $9 trillion GDP.

 Ř      The only net job growth since the 1989 recession has been new jobs created by businesses with fewer than 20 employees in Harlem and the South Bronx.* 

 Ř      In Harlem, 75% of for profit companies are businesses with less than five employees.*

 Ř      In Harlem, an estimated 70% of local residents shop outside of the community due to a dearth of high quality goods and services—an estimated $1 billion in retail sales is lost.*

 Ř      Last, many businesses are isolated and only sell to the local community.  Little is exported.  Growth prospects for profits, payrolls and W-2s are dim.*