Capacity Building in the Southeast
The Southeast Initiative is focused on building the capacity of microenterprise development organizations (MDOs) in a region of the United States with the largest representation of microbusiness. There are 25.5 million microenterprises across the country, and the Southeast is home to nearly 7 million of them, representing 88% of all businesses in the region.
While these numbers are quite impressive, the southeast has been one of the most challenging regions for microenterprises:
• 76% of businesses have revenues under 100K. For black-owned businesses that number is 93% and for women-owned businesses it’s 88%.
• There are an estimated 700,000 low-wealth entrepreneurs.
• 290,000 individuals are considered unbanked or underbanked.
With the Southeast Initiative, AEO is working with MDOs to improve their ability to reach more of these individuals in their communities despite the significant constraints that make capacity building a challenge.
AEO in Action in the Southeast
- AEO conducted a call with stakeholders in Tennessee about building an SMA. Listen to the recording by clicking here.
We would like to thank the Mary Reynolds Babcock Foundation for their generous support of this initiative.