With young adult unemployment at 15.8 percent, the highest ever, more 18- to 29-year-olds are starting their own business, according to the Tennessean.
The business ideas from members in this age group typically address social, economic or environmental issues. They often set up each business so it centers on an issue and supports the cause, according to the article.
"It's just a new perspective on business," said Chris Cole, a 23-year-old creative director for Nashville-based Triple Thread Apparel, to The Tennessean. "We're looking to create a profitable venture but also accomplish a purpose." The company employs residents of Dismas House, which helps former prisoners to ease back into society, with proceeds returning to the facility.
"Today's students, they want to do more of their own thing," said Germain Boer, director of Owen Entrepreneurship Center at Nashville's Vanderbilt University, to the Tennessean. "But the economy has played a role too. They know that working for a fortune 500 company isn't a guarantee (of job stability) anymore. "
- Ground broken for transit-oriented housing...
- Balancing act: Different kinds of guilt...
- Dave Ramsey says: Everyone needs a financial...
- Commission to highlight women in Utah economy
- Colorado high court considers pot firing case
- 2 Utah companies respond to FDA warning over...
- Is preschool worth the money?
- Suit: Papa John's fired worker with Down...
- Marijuana could deliver more than $800... 11
- 4 things you don't want your boss to know 6
- Colorado high court considers pot... 4
- How to be a billionaire 4
- Commission to highlight women in Utah... 4
- USDA: Genetically modified wheat found... 3
- Something that may have caused the... 3
- About Utah: Baltic Avenue just bought... 3