Businesses are critical for development due to the goods and services they offer which solve many consumer needs. Businesses create jobs; create opportunities and increase government tax revenues for social amenities and infrastructure investments. Businesses increase living standards, reduce stress through innovations, and build public social confidence through competition.
The absence of compassion in capitalism has however meant unfair business practices, destruction of local businesses, poor access to capital, weak market penetration, and regular business failures especially in developing communities. Business Empowerment is therefore a critical pillar in Compassionate Capitalism positioned to use the data informed by the development rankings to provide needed support to businesses in the affected communities through various services including but not limited to access to knowledge, information, capital, and markets.