The Kinte Center for the Study of Urban Commerce in Oakland, CA has developed a unique methodology for calculating the number of jobs created based on consumer expenditures. Using data from the Bureau of Labor Statistics, they have created a mathematical formula in Excel that projects the job creation potential of different expenditure categories.
With a focus on establishing new job creating businesses in their targeted community area, the Kinte Center offers valuable direction for entrepreneurs and policymakers. Their model, although not intended for financial or investment decision making, provides insights into the potential impact of consumer spending on job creation in specific industries.
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