Teaching Entrepreneurship

Chart showing rates of business formation among ethnic groups in the U.S. versus that of NFTE graduates.

By Inc. staff | 
 

Rates of business formation among ethnic groups in the United States, compared with that among graduates of the National Foundation for Teaching Entrepreneurship

NFTE students 14.0%

Asians 10.0

Caucasians 5.6

African Americans 1.5

Hispanics 1.1

The National Foundation for Teaching Entrepreneurship (NFTE), based in New York City, equips inner-city youths with the skills to start their own businesses. Says NFTE employee Mike Caslin: "There is a correlation between business-formation rates and positive things like capital accumulation, goal setting, investing in yourself, less crime, less racism."

Source: The Wall Street Journal, the 1990 U.S. Census, and Roosevelt University professor Steve Balkin, as cited by NFTE.

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