Resolution 000691
Calling for hearings into microenterprise development and neighborhood self-employment as an economic development strategy in the City of Philadelphia.
Introduced by
From the floor
Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.
“To the President of the City of Philadelphia, the Committee on Commerce and Economic Development to which was referred Resolution No. 000691, entitled Resolution calling for hearings into micro enterprise development and neighborhood self-improvement as an economic development strategy in the City of Philadelphia; And Resolution No 020522, entitled resolution authorizing Committee on Commerce and Economic Development…”
Chief Clerk · Stated Meeting, April 25, 2003 · Apr 25, 2003 · official transcript, this passage
“The ayes have it, and Resolution No. 030234 has been adopted. The Chief Clerk will please read the title of Resolution No. 000691. THE”
Council President Verna · Stated Meeting, April 25, 2003 · Apr 25, 2003 · official transcript, this passage
“It has been moved and properly seconded that the Resolution No. 000691 be adopted. All in favor will signify by saying aye. (Aye.)”
Council President Verna · Stated Meeting, April 25, 2003 · Apr 25, 2003 · official transcript, this passage
“The ayes have it, and Resolution No. 000691 has been adopted.”
Council President Verna · Stated Meeting, April 25, 2003 · Apr 25, 2003 · official transcript, this passage
Status timeline
- Nov 2, 2000Referred · CITY COUNCIL
- Nov 2, 2000Introduced · CITY COUNCIL
- Sep 19, 2001HEARING NOTICES SENT · Committee on Commerce & Economic Development
- Sep 19, 2001HEARING HELD · Committee on Commerce & Economic Development
- Sep 19, 2001RECESSED · Committee on Commerce & Economic Development
- Sep 20, 2001HEARING HELD · Committee on Commerce & Economic Development
- Sep 20, 2001RECESSED · Committee on Commerce & Economic Development
- Nov 12, 2002HEARING NOTICES SENT · Committee on Commerce & Economic Development
- Nov 12, 2002RECESSED · Committee on Commerce & Economic Development
- Nov 12, 2002HEARING HELD · Committee on Commerce & Economic Development
- Apr 23, 2003HEARING NOTICES SENT · Committee on Commerce & Economic Development
- Apr 23, 2003REPORTED FAVORABLY · Committee on Commerce & Economic Development
- Apr 23, 2003HEARING HELD · Committee on Commerce & Economic Development
- Apr 25, 2003FAVORABLY RECOMMENDED; CONSIDERATION AT END OF CALENDAR · CITY COUNCIL
- Apr 25, 2003ADOPTED · CITY COUNCIL
Official documents
Documents open on the City of Philadelphia’s legislative site.
Full text
Read the full text as published
..Title Calling for hearings into microenterprise development and neighborhood self-employment as an economic development strategy in the City of Philadelphia. ..Body WHEREAS, Small businesses are the backbone of the U.S. economy, accounting for fifty-three percent of all jobs and forty-seven percent of all sales; and WHEREAS, Although often-overlooked, the smallest of these firms - microenterprises - are playing an increasingly vital role in both the national and regional economies; and WHEREAS, The Philadelphia Development Partnership (PDP) recently conducted research on the state of microenterprises in the City of Philadelphia; and WHEREAS, This research found that ninety-one percent of respondents to their survey of microenterprises reported a lack of capital and resources as presenting the greatest barrier to their microenterprise's success; and WHEREAS, Microentrepreneurs are typically unable to conform to the standards of conventional financial institutions that require traditional collateral and strict measures of creditworthiness; and WHEREAS, The Philadelphia Development Partnership is implementing a 3-pronged approach to serving the large number of microenterprises in Philadelphia's neighborhoods that combines micro-loans, peer support and training; and WHEREAS, The Philadelphia Development Partnership has also founded Community Capital Works, one of the City's only U.S. Treasury certified Community Development Financial Institution devoted to microenterprise finance and development; and WHEREAS, In the past year alone, the Philadelphia Development Partnership has outreached to over 20,000 people and hosted over 1,000 microenterprise owners; and WHEREAS, PDP has in this past year successfully organized and developed over 20 peer groups of microentrepreneurs as part of its community capital initiative; and, WHEREAS, Despite this organization's success in leading the effort in advocating on behalf of microenterprises, there is a need to build an infrastructure for these underserved neighborhood businesses; now therefore BE IT RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, That Council hold hearings into microenterprise development and neighborhood self-employment as an economic strategy in the City Philadelphia. ..End