New Bedford Working Capital Network progress panel

Abstract

Since 1993 a growing number of New Bedford Area micro-entrepeneurs have gained access to credit, training and networking through participation in the New Bedford Working Capital Network sponsored by PACE, a community action agency. To ensure the network continues its expansion while maintaining and improving the quality of service provided, a strategy was developed to achieve sustainability within the next three to five years. At the core of this strategy is the Progress Panel, a participant led governing structure which will have responsibility over most aspects of the program operations. This thesis examines the evolution of a working capital model as part of a micro-enterprise development program with an eye toward replication of the model. (Library-derived description)