Small Business, Entrepreneurship, and Economic Growth Initiative
Overview
The Milken Institute’s Small Business, Entrepreneurship, and Economy Initiative drives research and solutions that empower entrepreneurs and strengthen the small business ecosystem. By analyzing economic trends, challenges, and policies, the initiative develops evidence-based strategies that help businesses compete, scale, and fuel innovation and sustainable growth.
- Conducting research and analysis to identify the key challenges small businesses face with a focus on driving change to benefit both traditional small businesses and start-ups
- Connecting programs, publications, and convenings to policy, regulatory changes, and economic trends that impact the entrepreneurial community
- Convening founders, investors, business leaders, academic experts, policymakers, government officials, and other key stakeholders to contribute ideas that drive action and benefit the entire entrepreneurial ecosystem
The evolving landscape of community banking, technology, globalization, and policy changes continues to disproportionately affect small businesses and start-ups, which are key drivers of job creation and innovation. The Milken Institute Small Business Entrepreneurship and Economic Growth Initiative aims to address these challenges with innovative solutions.
By the Numbers
Featured Thought Leadership
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How Syndicated Crowdfunding Can Be Leveraged for Direct Community Investment
In Frank Capra’s It’s a Wonderful Life, as George Bailey tries to prevent a run on the Bailey Brothers Building and Loan, the audience receives a lesson in community banking and the economic multiplier effect. Customers deposit their...Read ArticleImage
Kristen Fanarakis
Associate Director, Small Business, Entrepreneurship, and Economic GrowthKristen Fanarakis leads the small business, entrepreneurship, and economic growth initiative within the Milken Institute’s Finance pillar. She focuses on macroeconomic and systemic trends affecting American small businesses and startups, and their implications for the economy and innovation. -
The Cost of Policy Uncertainty
Launching and running a small business or startup is as much about managing risk as it is about bringing a great idea to market. Whether you’re opening a small-town bakery or launching a biotech startup, entrepreneurship requires a strong...Read ArticleImage
Kristen Fanarakis
Associate Director, Small Business, Entrepreneurship, and Economic GrowthKristen Fanarakis leads the small business, entrepreneurship, and economic growth initiative within the Milken Institute’s Finance pillar. She focuses on macroeconomic and systemic trends affecting American small businesses and startups, and their implications for the economy and innovation. -
Improving Small Business Disaster Response and Recovery
The Disaster’s Next Wave When a natural disaster strikes, the physical destruction and its costs typically dominate the headlines. Less attention is paid to the secondary effects disasters have on a community—especially its small businesses...Read ArticleImage
Kristen Fanarakis
Associate Director, Small Business, Entrepreneurship, and Economic GrowthKristen Fanarakis leads the small business, entrepreneurship, and economic growth initiative within the Milken Institute’s Finance pillar. She focuses on macroeconomic and systemic trends affecting American small businesses and startups, and their implications for the economy and innovation.
Featured Finance Forum Panel
Weather and Waste Related Media Mentions
- Safe, healthy, and resilient homes: Building resilience togetherCo-hosted by the Brookings Institution and Economic Architecture, this discussion brings together innovators and leaders to explore how resilience can be built at a collective and community scale.
- The essential role of small businesses after disasterWhen Kristen Fanarakis first noticed the damages to her hometown of Asheville, North Carolina after Hurricane Helene in 2024, she realized it wasn’t the first responders alone who helped aid in the recovery of her community.
- How Extreme Weather Puts Small Businesses on the BrinkNinety percent of small businesses hit by a disaster don’t survive. Inc. spoke with dozens of entrepreneurs and government officials about what it takes to beat the odds.
- Rebuilding Better: How Small Businesses Recover After Natural DisastersThis conversation brings together founders and relief experts to share firsthand experiences and practical strategies for rebuilding.
- Climate disasters are killing small businessesThe United States is home to millions of small businesses that form the backbone of countless communities. Even during the best of times keeping shops solvent can be a struggle, but when climate-driven disasters strike, the impact on mom-and-pops can be particularly devastating — and prolonged.
- The Untold Cost of Inaction: Disaster Preparedness for Small BusinessesSmall businesses today face unprecedented policy volatility, economic disruptions, and environmental risks.
Small Business, Entrepreneurship, and Economic Growth Initiative
Related Content
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Reimagining Impact Investing for Small Businesses in the Age of AI
Small businesses are responsible for nearly half of all private-sector jobs and economic growth. They, along with startups, serve as the dual engines driving both innovation and economic expansion.Read ReportImage
Kristen Fanarakis
Associate Director, Small Business, Entrepreneurship, and Economic GrowthKristen Fanarakis leads the small business, entrepreneurship, and economic growth initiative within the Milken Institute’s Finance pillar. She focuses on macroeconomic and systemic trends affecting American small businesses and startups, and their implications for the economy and innovation. -
How Syndicated Crowdfunding Can Be Leveraged for Direct Community Investment
In Frank Capra’s It’s a Wonderful Life, as George Bailey tries to prevent a run on the Bailey Brothers Building and Loan, the audience receives a lesson in community banking and the economic multiplier effect. Customers deposit their...Read ArticleImage
Kristen Fanarakis
Associate Director, Small Business, Entrepreneurship, and Economic GrowthKristen Fanarakis leads the small business, entrepreneurship, and economic growth initiative within the Milken Institute’s Finance pillar. She focuses on macroeconomic and systemic trends affecting American small businesses and startups, and their implications for the economy and innovation. -
Weather and Waste: Rethinking Small Business Support Following a Natural Disaster
As of November 1, 2024, one each of 24 confirmed weather-related disasters in the United States caused damage associated with losses exceeding $1 billion. The year was one of the costliest since 1980. Nationally, the annual number of...Read ReportImage
Kristen Fanarakis
Associate Director, Small Business, Entrepreneurship, and Economic GrowthKristen Fanarakis leads the small business, entrepreneurship, and economic growth initiative within the Milken Institute’s Finance pillar. She focuses on macroeconomic and systemic trends affecting American small businesses and startups, and their implications for the economy and innovation. -
Improving Small Business Disaster Response and Recovery
The Disaster’s Next Wave When a natural disaster strikes, the physical destruction and its costs typically dominate the headlines. Less attention is paid to the secondary effects disasters have on a community—especially its small businesses...Read ArticleImage
Kristen Fanarakis
Associate Director, Small Business, Entrepreneurship, and Economic GrowthKristen Fanarakis leads the small business, entrepreneurship, and economic growth initiative within the Milken Institute’s Finance pillar. She focuses on macroeconomic and systemic trends affecting American small businesses and startups, and their implications for the economy and innovation. -
Optimizing Small Business: Technical Assistance with Nudges
The Milken Institute conducted a pilot project exploring ways to improve the efficacy of small business technical assistance programs through the application of behavioral science intervention known as a “nudge” (Thaler and Sunstein 2008)...Read ReportAS LL CBAbraham Song, Laura Leets, and Christopher J. Boudreaux -
14 Strategies for Partnering with Mission-Focused Banks
Throughout American history, substantial inequality has existed, particularly in minority communities for whom median household wealth continues to lag significantly compared to nonminorities. Compounded by longstanding wealth disparities...Read ReportRC AB XERagini Chawla, Aron Betru, and Xavier Escoto -
Top Business and Policy Leaders Gather at Milken Institute California Summit on December 8
Hundreds of California’s leading business executives and policymakers will gather Tuesday, December 8 for the Milken Institute’s California Summit. This by-invitation-only day of discussion and problem solving will take place at the Ritz...Read Article
Featured 2024 Global Conference Panel
For More Information
If you would like to learn more about the Small Business Policy and Innovation Initiative please contact Kristen Fanarakis at [email protected].