Community-based entrepreneurship

Community-based entrepreneurship refers to small or local businesses that are started and operated primarily to serve and benefit their local community. These ventures aim to address specific local needs, create jobs, and foster economic development within the community. They often emphasize sustainability, cultural preservation, and social impact, empowering residents to take part in economic activities that strengthen community bonds. Unlike large-scale corporations, community-based entrepreneurs prioritize local values and collaboratively work to improve the quality of life for residents, ensuring that economic growth benefits everyone involved.