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A great entrepreneurial awakening is rolling across America.
It may not show up yet in the statistics, which put the rate of new business starts at a 40-year low. But the entrepreneurial revival is clearly visible in cities and rural areas far from coastal hubs in Silicon Valley, New York and Boston. These new businesses are leveraging place, untapped talent and technology to serve local needs, rebuild manufacturing, create jobs, share wealth and restore neighborhoods.
As heroic as the entrepreneurs themselves are the accelerators and advocates, investors and civic leaders who are building the institutions and ecosystems to help entrepreneurs succeed. Together, they are The New Revivalists.
The New Revivalists are place-builders. In New Orleans, Propeller’s Andrea Chen is helping local storefront owners participate in the Big Easy’s comeback.
They are expanders, breaking down barriers of race, class and gender. In Colorado, the Telluride Foundation’s Marc Nager is opening up access and opportunities for rural entrepreneurs.
They are coinvestors, like Backstage Capital’s Arlan Hamilton, who are overcoming implicit biases to shift capital to overlooked founders, sectors and geographies.
Read the full article about the New Revivalists bringing fresh life to American enterprise by Dennis Price at ImpactAlpha.