The Business Ownership Initiative (BOI), an initiative of the Economic Opportunities Program, works to build understanding and strengthen the role of business ownership as an economic opportunity strategy.

We work closely with micro- and small business practitioners and the institutions that invest in them around the US to build knowledge and strengthen practice by exploring innovation, conducting research, evaluating new ideas, and supporting leaders. The initiative houses EOP’s longstanding work to support the US microenterprise development industry. BOI also serves as a resource to donors and investors interested in microenterprise in the United States.

A Final Report on the Ms. Foundation for Women’s Collaborative Fund for Women’s Economic Development
Publications

A Final Report on the Ms. Foundation for Women’s Collaborative Fund for Women’s Economic Development

The fourth round of the Women’s Collaborative Fund focused on helping both microenterprise organizations and the entrepreneurs they served to become more sustainable and grow.

Enhancing Economic Opportunity through Entrepreneurship
Publications

Enhancing Economic Opportunity through Entrepreneurship

The Ms. Foundation established CFWED in 1991 to support organizations helping low-income women start and grow microenterprise, community-based, and cooperative businesses.

Enhancing Employment Opportunities for Women: 2003 findings from the third round of the Collaborative Fund for Women’s Economic Development
Publications

Enhancing Employment Opportunities for Women: 2003 findings from the third round of the Collaborative Fund for Women’s Economic Development

Between 2001 and 2004, the Ms. Foundation provided funding and technical support to eight women-run organizations across the country that manage social purpose businesses to create jobs and promote women’s economic empowerment.

Enhancing Opportunities for Entrepreneurship
Publications

Enhancing Opportunities for Entrepreneurship

Between 2001 and 2004, the Ms. Foundation for Women, through the Collaborative Fund for Women’s Economic Development (CFWED), provided funding and technical support to nine organizations across the country that help low-income women to start and expand microenterprises.

Enhancing Employment for Low-Income Women: Lessons learned from the third round of the Collaborative Fund for Women’s Economic Development
Publications

Enhancing Employment for Low-Income Women: Lessons learned from the third round of the Collaborative Fund for Women’s Economic Development

This report provides insight into the employment outcomes and business performance of nine firms.

Research Report No. 3 – Microenterprise as a Welfare to Work Strategy: Two-Year Findings
Publications

Research Report No. 3 – Microenterprise as a Welfare to Work Strategy: Two-Year Findings

This third and final report on FIELD’s Welfare to Work Learning Assessment describes outcomes experienced two years after TANF clients enrolled in microenterprise programs.

Research Report No. 2 – Microenterprise as a Welfare to Work Strategy: One-Year Findings
Publications

Research Report No. 2 – Microenterprise as a Welfare to Work Strategy: One-Year Findings

This paper presents the findings at the mid-point of FIELD’s Welfare to Work Learning Assessment one year after TANF clients enrolled in microenterprise programs.

Research Brief No. 2 – Improving the Climate for Self-Employment: Recommendations for TANF Reauthorization
Publications

Research Brief No. 2 – Improving the Climate for Self-Employment: Recommendations for TANF Reauthorization

This research brief presents the findings from one-year outcomes experienced by TANF recipients who pursued self-employment and highlights the policy context and issues they confronted when preparing for and engaging in self-employment.

Research Report No. 1 – Microenterprise as a Welfare to Work Strategy: Client Characteristics
Publications

Research Report No. 1 – Microenterprise as a Welfare to Work Strategy: Client Characteristics

This report on FIELD’s Welfare to Work Learning Assessment summarizes findings from the first wave of TANF clients enrolled in microenterprise programs.

Research Brief No. 1 – Microenterprise as a Welfare to Work Strategy: Client Characteristics
Publications

Research Brief No. 1 – Microenterprise as a Welfare to Work Strategy: Client Characteristics

This research brief on FIELD’s Welfare to Work Learning Assessment summarizes findings from the first wave of TANF clients enrolled in microenterprise programs.

FIELD Forum Issue 7 – Recruiting, Assessing, and Screening TANF Recipients
Publications

FIELD Forum Issue 7 – Recruiting, Assessing, and Screening TANF Recipients

This issue explores the challenges of recruiting TANF recipients to microenterprise programs and describes the assessment and screening components used to help clients determine whether self-employment is a sound option given the current time-limited welfare system.

FIELD Forum Issue 3 – Designing Microenterprise Programs for Welfare Recipients
Publications

FIELD Forum Issue 3 – Designing Microenterprise Programs for Welfare Recipients

This issue profiles the projects participating in the Welfare to Work grant cluster and describes some of the challenges posed by welfare reform laws.

About the Business Ownership Initiative

The Business Ownership Initiative, an initiative of the Economic Opportunities Program, works to build understanding and strengthen the role of business ownership as an economic opportunity strategy.

About the Economic Opportunities Program

The Aspen Institute Economic Opportunities Program advances strategies, policies, and ideas to help low- and moderate-income people thrive in a changing economy.

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More from the Business Ownership Initiative

Metrics that Matter: Improving Financial Analysis of CDFI Small Business Lenders
Podcasts Videos

Metrics that Matter: Improving Financial Analysis of CDFI Small Business Lenders

This is the final event in our Job Quality in Practice series. In this conversation, hosted by the Aspen Institute Economic Opportunities Program on May 7, 2026, we hear from the Institute’s Job Quality Fellows who are embedding job quality into their work across a range of contexts and strategies — from employee ownership models that give workers a direct financial stake in their company’s success, to apprenticeship programs that create structured pathways to higher-wage careers, to worker advisory committees that bring employee voice into business decision-making.

From Crisis to Continuity: Optimizing CDFI Capital and Partnerships for Natural Disaster Response
Publications

From Crisis to Continuity: Optimizing CDFI Capital and Partnerships for Natural Disaster Response

Traditional emergency aid through SBA or FEMA takes time, and lower-income communities often face significant approval hurdles. Speed is essential to business survival.

The New Era of Small Business Finance: Access, AI, and Accountability (Highlight reel)
Videos

The New Era of Small Business Finance: Access, AI, and Accountability (Highlight reel)

VIDEO — Highlight reel from “The New Era of Small Business Finance: Access, AI, and Accountability,” a forum hosted by the Aspen Institute’s Business Ownership Initiative and the Responsible Business Lending Coalition on March 5, 2026.

The Changing Role of Small Business Ownership
Videos

The Changing Role of Small Business Ownership

VIDEO — This discussion is the first of three that took place as part of “The New Era of Small Business Finance: Access, AI, and Accountability,” a forum hosted by the Aspen Institute’s Business Ownership Initiative and the Responsible Business Lending Coalition on March 5, 2026.

Main Street Challenges and Policy Solutions
Videos

Main Street Challenges and Policy Solutions

VIDEO — This discussion is the third of three that took place as part of “The New Era of Small Business Finance: Access, AI, and Accountability,” a forum hosted by the Aspen Institute’s Business Ownership Initiative and the Responsible Business Lending Coalition on March 5, 2026.

Innovations Driving Small Business Lending Forward: It’s Not All About AI
Videos

Innovations Driving Small Business Lending Forward: It’s Not All About AI

VIDEO — This discussion is the second of three that took place as part of “The New Era of Small Business Finance: Access, AI, and Accountability,” a forum hosted by the Aspen Institute’s Business Ownership Initiative and the Responsible Business Lending Coalition on March 5, 2026.

To Help Small Businesses Recover From the L.A. Fires, Invest in Community Lenders
Blog Posts

To Help Small Businesses Recover From the L.A. Fires, Invest in Community Lenders

Nonprofit lenders often deploy funds faster than the government but need more capital to meet demand.

Integrating a Job Quality Practice in Community Development Financial Institutions (CDFIs): A Q&A
Publications

Integrating a Job Quality Practice in Community Development Financial Institutions (CDFIs): A Q&A

This Q&A provides insights and lessons from the work of 11 CDFIs that participated in Shared Success, a job quality demonstration led by the Aspen Institute Economic Opportunities Program (EOP).