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Now more than ever, entrepreneurs and small business owners require support from economicdevelopers driving local economies forward. The Entrepreneurship Development Professional (EDP) certification. The Entrepreneurship Development Professional (EDP) certification. A partnership to champion entrepreneurs.
To effectively support any entrepreneur, you must develop an infrastructure of resources in your community. Here are five tips to consider when engaging and supporting new business owners in your community—read on to learn more. Include resources that specialize in supporting new entrepreneurs.
According to my friend Jeff Finkle (pictured right), president of the International EconomicDevelopment Council (IEDC), “Supporting entrepreneurs and small-business owners with creating and growing their local companies is a crucial part of economicdevelopment.”. EconomicDevelopment Administration.
“Communities seeking to grow their economy need to understand the impact entrepreneurship and small business play in economic growth.” — Grow Your Own: Entrepreneurship-based EconomicDevelopment for Local Communities, Dell Gines, Federal Reserve Bank of Kansas City. Identify Potential Allies.
This is a call for input for a brief survey on local policies or programs to support startup community development. economicdevelopment agencies, foundations, chambers of commerce, non-profits). I am particularly interested in policies or programs that: Enhance bottom-up, community-driven solutions (e.g., Thank you!
Leverage support organizations Vietnam has multiple support organizations to help entrepreneurs navigate these complex issues and create sustained business growth. These organizations include: The Vietnam Chamber of Commerce and Industry (VCCI) represents the interests of entrepreneurs and promotes economicdevelopment.
Across the world, various economicdevelopment organizations, government agencies, and non-profits are putting in admirable and well-intentioned efforts to develop startup ecosystems. but the connections are not being made to support the funds that are supposed to be funding all these local startups.
We’re thrilled the SBA goes on to recommend that effective network building must also adopt a data-driven approach , something we’ve been championing with communities via our SourceLink Pro entrepreneurship CRM and decision support system and Resource Navigator technologies. What is the SBA Community Navigator Model?
The program aims to place significant financial resources into organizations that wish to be hubs or spokes of entrepreneurship support and ecosystem-building efforts in their communities—particularly those organizations with deep roots in targeting underserved communities. Going beyond the SBA Community Navigator model.
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During my tenure with the local University I worked with economicdevelopers all across Iowa, from Sioux City to Davenport and a great many small but mighty communities in-between: Grinnell, Parkersburg, Webster City and Lamoni to name a few. Entrepreneurial development in rural areas is needed now more than ever.
What was harder to figure out how to do--and something no one ever really thinks about on the economicdevelopment side, is community. and figure out how to support them. What kind of support do they need? You could add 5-10 people every year to that group and make sure they were supported. How can they be helped?
Aspiring entrepreneurs and small business owners in Nebraska now have access to a premier network of interconnected support resources that spans the 76,878 square mile state. In fact, many communities start with just one area of focus and develop their program over time to realize economic impact. Start where you are.
i2E Receives 2024 Excellence in EconomicDevelopment Bronze Award from the International EconomicDevelopment Council IEDC’s annual Excellence Awards honor the economicdevelopment organizations, government entities, initiatives, and programs that have demonstrated consistent, exemplary performance in the profession i2E, Inc.
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and abroad with entrepreneurship at the forefront, it’s more important than ever to rethink and reboot as one global ecosystem to support a more sustainable and equitable world. As the economy continues to recover in the U.S. Global Entrepreneurship Week 2021: November 8-14. Hear Network Building Strategies from Communities Around the U.S.
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Washingtons Premier Connector of Tech and Policy Leaders Welcomes the Next Generation of Innovators that includes Delta Force, an annual cohort designed to support 6-10 of DCs most promising startup founders. Additionally, STATION DC is launching Delta Force, an annual cohort designed to support 6-10 of DCs most promising startup founders.
Goal 6: Universal Support: Expand external stakeholder understanding of and support for ecosystem building. Economic dynamism, a key indicator of economic health, has been in decline for decades, as has the rate of new business starts. Research has shown that most new jobs come from young businesses.
Data captured from the small businesses supported by SourceLink® affiliate organizations provides valuable information for our network to report to their community stakeholders. Tracking and supporting job creation. Our special guest, Mark Werthmann, EconomicDevelopment Representative for Nebraska, Kansas and western Missouri U.S.
However, it’s important to consider what barriers entrepreneurs of color face that may keep them from being able to benefit from investment and support resources. Consider how you can partner with trusted organizations in your community to reach underrepresented groups who need customized support. Who is missing from your network?
On Thursday, April 21, SourceLink hosted Building Rural Communities Through Entrepreneurship , a webinar on strategies for growing rural communities through entrepreneurship-led economicdevelopment. In 2021, she realized city government needed technical support to figure out how to better support entrepreneurs and innovators.
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Register Bain & Company, a prominent global management consulting firm, has revealed its plans to acquire the Asia-Pacific division of Rainmaking, a renowned venture-building and startup development studio. program, a SGD 20 million initiative introduced by the Singapore EconomicDevelopment Board.
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The companys collaboration with the New Jersey EconomicDevelopment Agency is a boost to the states program to attract AI companies for its innovation economy. Today, it operates 32 data centers and supports over 250,000 Nvidia GPUs, serving clients like Microsoft, Meta, and OpenAI. In March 2025, it signed a five-year, $11.9
Key components and actions of responsible tourism include benefitting local economicdevelopment, ensuring tourism development benefits the community and the environment, becoming part of the local culture, and reinvesting in the local region. Responsible tourism’s positive impact. Entrepreneurship is worth the risk.
March 18, 2025) Last week, the New Jersey EconomicDevelopment Authority (NJEDA) Board approved the creation of the Next New Jersey Program – AI and the AI Innovation Challenge Administration Grant Program. The Administrator will develop and manage a statewide AI Challenge and disburse sub-grant awards to challenge winners.
In an era of technological advancement and economic transformation, Northcentral Pennsylvania finds itself at the forefront of a remarkable development. With only 29 Strategic Development Grants awarded across the entire United States, this achievement is a testament to the dedication and vision of the region’s stakeholders.
And yet, our economic policies espoused by governments and traditional economicdevelopment approaches continue to focus on attracting big businesses. It’s time for a radical rethink in how we do economicdevelopment. The research and evidence supporting the impact and value of startup community building is strong.
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“Not everybody can do ecosystem building; it’s a talent that is developed through experience and education, connections and networking. In the midst of supporting founders in their communities during a global pandemic, what do they wish they were more versed in? It is a unique combination of skills and the right mindset.” Kim Louis.
In 2017, we partnered with iconic leaders in American business to turn the thesis we developed on the road — that great companies can start and scale anywhere when given a chance — into an investment vehicle. Specifically: Founder : The team possesses the necessary skills, temperament, and experience to execute the startup’s vision.
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In the following series, I’ll examine the current status of “work” and how it impacts lives — from where people are moving to how they are spending their time — and various business models that support these new habits. Most effectively, this can involve incentivizing new housing via new development or conversion.
The team is developing a web-based APP that empowers the development of an effective education for children with disabilities. The company is developing a plug and play device, Smart Horns, for autos that gives drivers alternative, customized sound options.
While it might be tempting to jump right in, it’s important to take the time to evaluate successful outcomes and develop a strategy to achieve your goals. Responding to external events and changes that impact your community requires ongoing adjustments to effect lasting and meaningful economic change.
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