The April 2015 issue of Governance will examine how the financial crisis...
Lack of access to capital for micro-businesses is stunting innovation, job creation and macro-economic growth. A significant barrier to capital is a lack of financial literacy among these entrepreneurs. In collaboration with the BU School of Management, the Center for Finance, Law & Policy has initiated the BU Urban Business Accelerator (BUBA) in low-income Boston neighborhoods to create bankable micro-businesses, while providing experiential learning opportunities for students. Through a 10-week program BUBA provides over 180 hours of free one-on-one financial and computer literacy training through the collaborative implementation of a customized QuickBooks system. By scaling this initiative, BUBA can generate additional capital for micro-business, retain and create jobs, as well as provide high-impact internships.
Please visit the BUBA website for more information: Click here.