Presentation by Helga Nagel (Department for Multicultural Affairs, City of Frankfurt) on the occasion of the SOC section hearing on Migrant entrepreneurs' contribution to the EU economy on 24.11.2011 in the framework of the Permanent Study Group on Immigration and Integration.

1. Hearing on Migrant entrepreneurs‘ contribution to the EU economy European Economic and Social Committee Rue Van Maerlant 2 1040 Brussels Thursday, 24 November 2011 Ethnic Entrepreneurship and the role of the Social Partners in local integration policy: The approach of the city of Frankfurt Helga Nagel Department for multicultural Affairs City of Frankfurt

2. Frankfurt is the fifth-largest city in the Federal Republic of Germany. 692.000 inhabitants 250.000 inhabitants with migration background representing 40% of the population 162.000 foreigners (24,5%) Frankfurt is Germany’s leading financial centre. 370 national and international banks, such as the European Central Bank and the German Bundesbank are located in Frankfurt. Highest density of jobs (922 jobs per 1000 residents) High share of commuters (350.000) Key branches: Financial sector Transport sector Cultural and creative sector Information and communication technology Biotechnology, medicine and optics Helga Nagel Department for multicultural Affairs City of Frankfurt

3. Helga Nagel Department for multicultural Affairs City of Frankfurt Foreigners by country of origin

4. ( ethnic) start-ups according to nationality Helga Nagel Department for multicultural Affairs City of Frankfurt

5. Ethnic enterprises according to sectors Helga Nagel Department for multicultural Affairs City of Frankfurt

9. Helga Nagel Department for multicultural Affairs City of Frankfurt Kompass: Good practice for ethnic entrepreneurs Four steps of advice Orienting and informing Planning and qualifying Starting and implementing Consolidating and growing Organising network action Exchanging skills and expertise Support in obtaining a location Special rates for office space for the first three years 80% of the businesses established are still operating after five years. Kompass adresses immigrants in a specific way Cooperates with migrant associations Qualifies members of migrant organisations as „entrepreneur scouts“ in special workshops The participants act as multiplyers Kompass managed to raise the share of migrants Brochure that portrays successful international entrepreneurs