Entrepreneurship in Emerging Domestic Markets

Alethea Abuyuan is a Research Analyst for Energy and the Environment under the Capital Studies Group. Her primary assignments at MI involve the SAVE Initiative (Strategic Action Volunteer Effort), which aims to apply innovative environmental finance tools and techniques in the fields of climate change and alternative energy. She is also involved in economic development finance for emerging domestic markets (i.e. low-/ middle-income and minority communities), entrepreneurial finance, and mission-related investing/strategic philanthropy. Dr. Abuyuan is a recent graduate of the School of Policy, Planning, and Development at the University of Southern California (USC), where her doctoral research focused on environmental policy, international development, and the non-profit sector. She also holds a Bachelor's degree in Sociology from the University of the Philippines and a Master's degree in Environmental Policy and Management from Yale University. James Barth, Ph.D., Senior Fellow, Milken Institute, and Lowder Eminent Scholar in Finance at Auburn University. Barth's research has focused on financial institutions and capital markets, both domestic and global, with special emphasis on regulatory issues. Most recently, he served as leader of an international team advising the People's Bank of China on banking reform, co-authored Rethinking Bank Regulation: Till Angels Govern, Cambridge University Press, 2006, and is the overseas associate editor of China's The Banker. Glenn Yago is Director of Capital Studies at the Milken Institute. He specializes in financial innovations, financial institutions and capital markets, and has extensively analyzed public policy relating to job creation and capital formation.Before coming to the Institute, Yago was Director of the Center for Capital Studies in New York, which he founded in 1992 to develop insight into the process of capital access and ownership change. He was a faculty member of the City University of New York Graduate Center Ph.D. Program in Economics, and a Senior Research Associate at the Center for the Study of Business Government at Baruch College-City University of New York. Betsy Zeidman is Director of the Center for Emerging Domestic Markets (CEDM) at the Milken Institute. CEDM aims to increase the flow of capital to America's emerging entrepreneurs and communities through its research and information network, educational center and financial innovations laboratory. She manages the Center's activity in such areas as strategic philanthropy, mission-related investing, corporate governance and environmental finance. In this position, Zeidman works with foundations, governments, institutional and individual investors, entrepreneurs and policy makers. She authors articles and research reports, and speaks frequently at conferences and to the media.

• Entrepreneurship in Low and Moderate Income Communities.- Alleviating the Lagging Performance of Economically Depressed Communities and Regions.- State of Literature on Small- to Medium-Sized Enterprises and Entrepreneurship in Low-Income Communities.- On Government Intervention in the Small-Firm Credit Market and Economic Performance.- Stumbling Blocks to Entrepreneurship in Low- and Moderate-Income Communities.- The Role of Morris Plan Lending Institutions in Expanding Consumer Microcredit in the United States.- Policies to Expand Minority Entrepreneurship: Closing Comments.