Entrepreneurship Is the Spark of Prosperity

©iStock/Muhur

According to the World Bank Group:

• Small and Medium Enterprises (SMEs) account for more than half of all formal jobs worldwide.
• SMEs provide effective solutions to critical development issues, like access to clean energy and water, health services, and education.
• The World Bank Group will show its support for innovative SMEs, start-ups and entrepreneurs at the 2016 Global Entrepreneurship Summit in Silicon Valley

The World Bank Group has twin goals of ending extreme poverty and boosting shared prosperity.

As President Barack Obama said when opening last year’s Global Entrepreneurship Summit in Kenya, “Entrepreneurship creates new jobs and new businesses, new ways to deliver basic services, new ways of seeing the world—it’s the spark of prosperity.”

Read more:  Entrepreneurs and Small Businesses Spur Economic Growth and Create Jobs