Business Intelligence for Creating an Inclusive Model of Contracting and Procurement in the City of Durham

September 01, 2019

Gentrifying cities increasingly are adopting inclusive and equitable development policies, strategies, tools, and regulatory practices to minimize, if not altogether eliminate, the demographic and economic dislocations that often accompany their growing attractiveness as ideal places to live, work, and play for a creative class of young people and well-resourced retirees who are predominantly white. Creating greater opportunities for historically under-utilized businesses to grow and prosper through enhanced local government contracting and procurement is one mechanism through which gentrifying cities are trying to generate greater equity and shared prosperity. More

Race, Old Age Vulnerabilities

April 22, 2019

African American older adults face a major retirement crisis (Rhee, 2013; Vinik, 2015)). Owing to a legacy of racial discrimination in education, housing, employment, and wages or salaries, they are less likely than their white counterparts to have accumulated wealth over the course of their lives (Sykes, 2016). In 2013, the median net worth of African American older adult households ($56,700) was roughly one-fifth of the median net worth of white older adult households ($255,000) (Rosnick and Baker, 2014). Not surprising, given these disparities in net worth, African American older adult males (17%) and females (21%) were much more likely than their white male (5%) and female (10%) counterparts to live in poverty (Johnson and Parnell, 2016; U.S. Department of Housing and Urban Development, 2013a). They also were more likely to experience disabilities earlier in life and to have shorter life expectancies (Freedman and Spillman, 2016). More

Do Business Ecosystems See Color?

June 13, 2018

This article describes an American community survey and a survey of business owners of which the data are merged to assess the experiences of minority- versus white-owned small businesses between 2007 and 2012. This is highlighted due to it being a period encompassing the worst economic downturn since The Great Depression. White firms declined while minority firms grew rapidly. Despite recent efforts to create inclusive entrepreneurial and business ecosystems, however, minority business owners made little progress toward achieving equity or parity with white business owners. Policy prescriptions and implications for future research are discussed. More

A Dream Deferred

April 01, 2018

Conquering these youth challenges will get us a little closer to realizing Dr. King’s dream. More

The Black Elderly: A Call to Action

March 01, 2018

In this paper, we develop a sociodemographic profile of the most vulnerable African American older adult households. To do so, we draw data from the 2011–15 American Community Survey, which contains linked housing and person records for a 5 percent sample of U.S. population. This dataset literally allows us to peer inside of African American older adult households and in the process identify the major barriers or obstacles to aging in place. More

Leveraging North Carolina's Migration Dividend

January 01, 2018

This research brief uses data from the 2014-2015 Internal Revenue Service (IRS) migration file to quantify the dividend North Carolina receives from recent movers to the state. We calculate the dividend as the differences in per capita adjusted gross income from those who moved to North Carolina (in-migrants) relative to those who were already living in the state (non-migrants) and relative to those who moved from the state (out-migrants). The dividends from migrants ages 55 and older, especially those settling in eight migration magnet counties (Mecklenburg, Wake, Durham, Buncombe, New Hanover, Brunswick, Cabarrus, and Johnston), are significant. This migration constitutes a strategic opportunity for both business development and job creation in North Carolina communities. More

Aging-An Engine of Innovation and Economic Growth

January 01, 2018

Older adults will drive U.S. population growth over the next quarter century. Projected to grow four times as fast as the total population, older adults will make up 22 percent of the population in 2040, up from 15 percent in 2015. More

The Business of Healthcare: Adapting to an Aging Economy

December 07, 2017

On October 27, 2017 the Frank H. Kenan Institute of Private Enterprise (Kenan Institute) hosted The Business of Healthcare: Adapting to an Aging Economy at UNC Kenan-Flagler Business School in Chapel Hill, North Carolina. The conference brought together more than 100 attendees representing the diverse interests and perspectives of health care and elder care organizations, medical and pharmaceutical companies, patient advocacy organizations, government agencies and the academic research sector. More

Aging as an Engine of Innovation, Business Development, and Employment Growth

September 29, 2017

Older adults will drive U.S. population growth over the next quarter century. Projected to grow four times as fast as the total population, older adults will make up of 22 percent of the population in 2040, up from 15% in 2015. We believe this population aging can be a new engine for innovation, business development, and employment growth in the U.S. More

Vulnerable Older Adults and the Challenges of Aging in Place

September 27, 2017

Older adults prefer to age in their homes rather than in an institution. However, in order to successfully age in place, age-friendly modifications are usually necessary to prevent life-threatening accidental falls and exposure to other environmental risks or hazards that unfortunately are all too common among older adults living in their own homes today. More