...he face of the widespread recession provides a glimpse of the future toward which New York must shift towards. What would this future look like? Most importantly, a shift towards such a composition depends on a heavy focus on entrepreneurship in fledgling industries like alternative energy and biotechnology, which have tremendous innovative growth potential. By definition, the successful act of entrepreneurship – risk-taking with the expectation...
...component counts for 20% on the BEE scorecard, long-term empowerment requires greater contributions from the government on this front. Some analysts have also claimed that the BEE initiative will fail if it does not stimulate entrepreneurship. Bruggemans believes that “BEE allocates greater weight to the redistribution of existing enterprises as opposed to the development of new black-owned enterprises.” In fact, 60% of the BEE scorecard weighs i...
photo from Wikimedia Commons I’ve been bothered by a thing or two of late: What if Romney is actually what America needs? What if my political views are wrong? It’s hard to tell. How does, and how should, one decide? Does it really matter? Many don’t bother. David Brooks, in his April 12 op-ed, described the “young idealists” in my generation – “bursting with enthusiasm for some social entrepreneurship project” – but yet disengaged from the nat...
...tipathy for Wall Street and its economic volatility are a grave cause for concern today. This has inspired Hadi Elzayn (4) to advocate, in a Modest Proposal, for New York City to “diversify” its economic future by encouraging entrepreneurship and investing in alternative energy and biotechnology industries – in a sense, creating a Silicon Valley of its own. Along with the constant headlines today about Wall Street, one cannot ignore the endless c...
...jobs require specialized technical skills or degrees. We need to become more flexible and focused on making sure people know about these opportunities and can get the skills they need. Further, fostering small businesses and entrepreneurship is also key – as well as holding down the costs of college so graduates aren’t constrained by the crushing burden of student loan debt. These are tangible proposals – and many of them aren’t expensive. They...
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