caa a22 4500 445877499 CHVBK 20180317145532.0 cr unu---uuuuu 170323e20110201xx s 000 0 eng 10.1007/s11187-009-9191-9 doi (NATIONALLICENCE)springer-10.1007/s11187-009-9191-9 Economic impact of a private sector micro-financing scheme in South Dakota [Elektronische Daten] [David Benson, Aaron Lies, Albert Okunade, Phanindra Wunnava] While poverty rates on Native American Indian reservations are triple the US average. Small business incubation programs, available elsewhere in the US, scarcely exist on the Native American Indian Reservations (NAIRs). Our unique study tests the effects of the Lakota Fund (LF), a private sector small business development initiative on the Pine Ridge Reservation in South Dakota, on the economic development of the NAIRs. Our objective is to determine whether the SBA-like programs (loans, training, and consulting) can improve economic conditions. The 1980-2006 annual county-level (Shannon Co. is ‘treatment,'and Todd Co. is ‘control') data are a natural experiment. Results indicate that the LF inception and duration significantly raised real per capita income (RPCI)—suggesting not only the success of the LF, but support for the broader notion that privately funded small business initiatives can be used to support economic development of isolated impoverished groups within the US economy. Springer Science+Business Media, LLC., 2009 Economic development nationallicence Lakota fund nationallicence Micro-financing nationallicence Native American Indian reservations nationallicence Small business incubation nationallicence Benson David Department of Economics, Duke University, 138 Social Sciences Building, Box 90097, 27713, Durham, NC, USA aut Lies Aaron Department of Economics, University of Memphis, 400BB (The FCBE), 38152, Memphis, TN, USA aut Okunade Albert Department of Economics, University of Memphis, 450BB (The FCBE), 38152, Memphis, TN, USA aut Wunnava Phanindra Department of Economics, Middlebury College, Warner Hall 502F, 05753, Middlebury, VT, USA aut Small Business Economics Springer US; http://www.springer-ny.com 36/2(2011-02-01), 157-168 0921-898X 36:2<157 2011 36 11187 https://doi.org/10.1007/s11187-009-9191-9 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11187-009-9191-9 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Benson David Department of Economics, Duke University, 138 Social Sciences Building, Box 90097, 27713, Durham, NC, USA aut NATIONALLICENCE 700 1- Lies Aaron Department of Economics, University of Memphis, 400BB (The FCBE), 38152, Memphis, TN, USA aut NATIONALLICENCE 700 1- Okunade Albert Department of Economics, University of Memphis, 450BB (The FCBE), 38152, Memphis, TN, USA aut NATIONALLICENCE 700 1- Wunnava Phanindra Department of Economics, Middlebury College, Warner Hall 502F, 05753, Middlebury, VT, USA aut NATIONALLICENCE 773 0- Small Business Economics Springer US; http://www.springer-ny.com 36/2(2011-02-01), 157-168 0921-898X 36:2<157 2011 36 11187 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer