The convergence of entrepreneurship and reentry has the potential to be a formidable force for individuals involved in the justice system seeking to reintegrate into society. Entrepreneurship has the potential to offer financial stability, flexibility, and opportunities for individuals and their communities, making it a transformative path for those returning from incarceration.
Upon reentry, individuals face challenges such as securing stable housing, accessing mental health support, and finding gainful employment. The traditional workforce may present barriers in the form of criminal background checks and stigma, contributing to a high unemployment rate of 27.3% for the formerly incarcerated, compared to 5.8% in the general population.
Entrepreneurship offers a path that does not discriminate based on past experiences or formal education, allowing individuals to leverage their existing skills and experiences to start a business. Rather than being defined by their past, returning citizens can redefine themselves as innovators, leaders, and contributors to the economic ecosystem.
Despite the challenges of entrepreneurship, such as limited access to capital and business networks, support and resources from municipal programs and entrepreneurial organizations can significantly increase the chance of success. These resources include access to mentoring, tailored credit building, and credit access, job readiness, and financial management support, networking opportunities, and peer engagement.
Moreover, partnerships between municipalities and community-based organizations, institutions of higher learning, and corrections programs can play a vital role in supporting justice-involved individuals in their entrepreneurial journey. These collaborations have the potential to provide economic growth for cities, foster community reintegration, and create job opportunities.
For municipal leaders seeking to enhance reentry programming and engage in inclusive entrepreneurship and economic development work, there are resources available to provide support and guidance. The Municipal Reentry Leaders Network (MRLN) and City Inclusive Entrepreneurship and Economic Development Network offer opportunities to connect with leaders from community-based organizations, returning citizens, and higher education reentry initiatives. Additionally, webinars and workshops provide spaces for learning and collaboration to further the goals of justice-impacted individuals.
By creating opportunities for returning citizens to pursue entrepreneurship, city leaders can unlock the unmatched potential for economic growth and social change, while also providing pathways that offer second chances and meaningful contributions to their communities. Whether through mentoring, financial support, or collaborative initiatives, entrepreneurship can serve as a catalyst for empowerment and a brighter future for justice-involved individuals.