Topic > The Entrepreneurship Readiness Training Project

The name of the project is “Entrepreneurship Readiness (RE)”. The RE program helps interested individuals who are unemployed and interested in starting a business locally (by city or county). Once candidates have been selected based on objective criteria, successful candidates are entitled to receive training on specific skills for six months or one year. The training period will depend on the area of ​​establishment. Additionally, candidates can receive financial support after training and interviews. Furthermore, there is a strict condition when starting a new business: they must open a business within their administrative boundaries (at least in neighboring counties). Several conditions will be considerable for selection. Age Education/education Periods of unemployment Experience in previous job Startup experience2. What are the benefits and costs of the project? Obviously, selected candidates will benefit from the RE program. They will have the opportunity to gain sufficient knowledge and skills before starting their own business. Additionally, if they qualify to receive financial support from the local government, it should be easier to start a business. Meanwhile, local residents who are supposed to pay taxes may be dissatisfied. Since the local budget is limited, the budget to support the unemployed may lead to budget cuts in other areas of the public service. However, it may be possible to apply federal subsidies for local economic development.3. Relevant articles and evidence According to Acs (2006), there are two types of entrepreneurship: necessity entrepreneurship and opportunity entrepreneurship. The necessary entrepreneurship has no choice but to be an entrepreneur. Unemployment... half the paper... increasing the efficiency of the entire economy. Additionally, this program is only for people who are unemployed or fired from previous jobs. Among the applicants, a program candidate's priority is for people who have lost their jobs. Although there are young people in the United States who are unemployed after graduating from high school, it can be argued that young people need more work experience. Instead of starting a new business immediately after graduating from high school, it may be advisable to have work experience first. Finally, the regulation of the opening location could have a negative effect. It can be inferred that in some sectors where clusters are specialized, administrative boundaries may be different from the areas of residence. In this case, they can play a role of regulatory costs. According to conventional wisdom, the opening location can be flexible, but should not be other states or locations that are too distant.