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Location of Business by Women Entrepreneurs Leads to Lost Economic Opportunities |
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From Ascribe Newsfeed: Greater family responsibilities and feeling shut out of "the old boys' club" can lead women entrepreneurs to locate their businesses away from a city's economic hub and closer to home, a recent paper has found. But this phenomenon also leads to a type of business segregation similar to housing patterns for blacks and whites, resulting in lost economic opportunity. The decision to run a business closer to home because a woman wants to spend more time with her children is a reasonable choice most would defend. To locate closer to home because of exclusion from business networks "is a negative segregation process that makes the whole country poorer," says paper co-author William Strange, a professor of real estate and economics at the University of Toronto's Rotman School of Management. The paper is the first to identify gender differences in where female and male entrepreneurs choose to locate their businesses. Located in the world's most diverse city, the Rotman School fosters a new way to think that enables the design of creative business solutions. The School is currently raising $200 million to ensure Canada has the world-class business school it deserves. AScribe Newswire distributes news from nonprofit and public sector organizations.
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