For years, Northern Kentucky Community Action housed Rekindle, a Micro-Enterprise Development program, designed to meet the needs of aspiring entrepreneurs and small business owners. While Rekindle is no longer in operation its legacy has remained and provides an innovative path out of poverty and lasting economic impact in Northern Kentucky.
Micro-enterprise is a proven strategy for alleviating poverty, reducing unemployment, and addressing community deterioration by filling once empty storefronts with small businesses. According to The Association for Enterprise Opportunity (AEO), a national leadership organization and a voice of micro-enterprise development states:
“If one in three micro-businesses in the US hired a single employee, the country would be at full employment.”
Nearly 21 million micro-enterprise businesses exist in the United States, representing nearly 17 percent of all private employment in the nation. 50 plus new or expanded businesses were launched by graduates of Rekindle training and mentoring program. These businesses employ close to full-time and part-time employees. Businesses reflect the diversity of the classes – from auto repair to pet-sitting, from landscaping to catering, and from recreation to child care. They also represent a person finding their own future and joining in our regions growing economy.
Email Newsletters with VerticalResponse