Using Entrepreneurship and Social Innovation to Mitigate Wealth Inequality

Chapter 6 An Example from Chicago: The West Side Business Xcelerator

Arguably, social entrepreneurship strategies that address wealth inequality have achieved impressive results around the world in a number of different contexts, as demonstrated throughout this book. However, it is sometimes assumed that, while social enterprise may be a good idea for tribal societies or developing countries, it is not a viable solution for the economy and culture of the United States. This is often the case in low-income, minority communities in America, where investors and traditional entrepreneurial support organizations are reluctant to assist local ventures because they perceive that the social entrepreneurship model is not suited for them; and therefore, ...