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

 

If you have questions about AEO's work in the Southeast, contact Tammy Halevy, Senior Vice President of New Initiatives, .(JavaScript must be enabled to view this email address).

 

We would like to thank the Mary Reynolds Babcock Foundation for their generous support of this initiative.