Research Reveals Best Practices For Micro-Businesses

On September 28, Dr. Chad Richardson, principal investigator and sociology professor at the University of Texas-Pan American, will revel his findings from a study conducted on micro-businesses in the Rio Grande Valley.  The event will be held at the Women’s Business Center located at 2852 W. Trenton Rd. in Edinburg from 8:30 a.m. – 12 p.m.

Richardson’s research, “Best practices for Micro-Businesses,” was conducted through Southwest Community Investment Corporation’s Program for Investment in Micro-Enterprises (PRIME). His findings will provide insight into how micro-enterprises in colonias and low-income areas start-up, manage and grow.

Program for Investment in Micro-Enterprises

“What we are looking at is what they are doing to be successful while faced with the challenge of being a very small business,” Richardson said. “I was amazed at how many of these businesses have managed to be successful by their own standards without government assistance, training, or much start-up capital.”

PRIME Director Jose Leal said, “Despite their smaller size, micro-businesses play a vital role in the overall economy, especially here in the Rio Grande Valley.  And, thanks to the PRIME Program and its findings, micro-entrepreneurs can now equip themselves with the proper ‘tools’ to tackle some of the most difficult challenges that come with being a small business owner.  In short, this is a great Program, and one that was definitely needed here in the Valley.”

Maria Mann, executive director of SCI, added, “This one-of-a-kind research is unique to our border communities and the data obtained is invaluable to better understand the needs and the context of how micro-entrepreneurs do business here in the Valley.

border communities

For more information, call (956) 618-2828.

 

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