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Team Project Grant

Grand Challenges: Seizing Opportunities: Social Capital, Businesses, and Communities

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Seizing Opportunities: Social Capital, Businesses, and Communities

Grant Type: Team Project Grant
Topics: Social Justice and Economic Disparities
Colleges Represented: BGMT, JOUR

Grand challenges grant yellow and black logo

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Summary

Why do small businesses exploit business opportunities better in some locations than others? Are outcomes in a locality, such as growth and profitability, determined by the availability of investment opportunities and infrastructure, or are they also modified by the deeper characteristics of localities and the people who live there? A vibrant local business environment can provide opportunities for independent businesses in disadvantaged communities, thus reducing racial and social disparities. Addressing these issues is one of our nation’s grand challenges: how to foster a resilient and diverse economy. This project will help deepen the understanding of small businesses, which represent 44% of U.S. economic activity and create two-thirds of net new U.S. jobs. The project has two components. The analysis component, led by Smith School researchers, examines the causal effects of social capital on local economic and social outcomes using large-scale granular restricted-access databases from the U.S. Census Bureau. The communications component, led by Journalism researchers, studies how techniques of data journalism, combined with traditional narrative journalism, can effectively convey the story of cutting-edge scientific research in ways that are intelligible to the broader community and thereby elevate the public debate on the topic. Together, these two components will further our understanding of the substantive disparities between communities and place that knowledge in context.
Maksimovic headshot PI: Vojislav (Max) Maksimovic

William A. Longbrake Chair and Professor of Finance

BGMT Constance Mitchell Ford headshot Constance Mitchell Ford

Lecturer, Journalism

JOUR Sean Mussenden headshot Sean Mussenden

Senior Lecturer and Data Editor, Howard Center for Investigative Journalism

JOUR Liu Yang headshot Liu Yang

Associate Professor of Finance, Academic Director, Master of Finance and Master of Quantitative Finance Programs

BGMT Rob Wells headshot Rob Wells

Associate Professor and Director of Ph.D. Studies

JOUR

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