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This four-part series addresses why tracking and measuring the activity of your entrepreneurialecosystem is crucial to its long-term sustainability and the economic success of your community. Part 1: Why […]
Thank you to our fantastic panelists Preston Langley ( Launch Network ), Cameron Cushman and Marco Johnson ( Sparkyard ), Denisse Rodríguez and Natalia Alicea Morales ( Colmena66 ) and Kyle Coogler ( IASourceLink ), and hats off to the Global Entrepreneurship Network on facilitating another successful GEW.
Responding to external events and changes that impact your community requires ongoing adjustments to effect lasting and meaningful economic change. There are significant government dollars available for economic recovery right now. Building collaborations can spark, spur, and sustain economic growth.
Now more than ever, entrepreneurs and small business owners require support from economicdevelopers driving local economies forward. The Entrepreneurship Development Professional (EDP) certification. Developed with support from the Ewing Marion Kauffman Foundation and the U.S. A partnership to champion 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.
Entrepreneurialecosystems are dynamic, and as they evolve, regular reevaluation—or “spring cleaning”—becomes essential to foster innovation, optimize resources, enhance competitiveness, and ensure […] Spring cleaning isn’t just for closets and cobwebs.
After three eventful years , I’m excited to say that my new book— The Startup Community Way: Evolving an EntrepreneurialEcosystem , with Brad Feld —is officially available to the public today! I learned so much in the process and developed a large number of meaningful relationships along the way that will last a lifetime.
In fact, many communities start with just one area of focus and develop their program over time to realize economic impact. In 2018, the state of Nebraska released Blueprint Nebraska, a strategic plan aimed at identifying the state’s core economicdevelopment challenges to create pioneering solutions.
Read these tips from foundation leaders on how entrepreneurship ecosystem builders can develop relationships with foundations that invest in community economicdevelopment.
This approach also requires entrepreneurialecosystems incorporate new methods and business economic impact measures. The SBA Community Navigator framework envisions a lead nonprofit partner who can serve as a hub for the entrepreneurial community and the network building efforts.
To support and accelerate this momentum, the National Entrepreneur Center (NEC) and Orange County Government have partnered with SourceLink, tapping into our consulting services, software solutions and national network to strengthen and build upon the rich tradition of collaboration the NEC and Orlando entrepreneurialecosystem have forged.
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. In the e2 EntrepreneurialEcosystems thought paper Why Entrepreneurship?
Many of our affiliates improved their programming to support main street entrepreneurs in an age of COVID, and nationally, we celebrated entrepreneurship-led economicdevelopment really coming into its own as a recognized area of focus in the field of economicdevelopment.
Both communities recently participated in NLC’s City Innovation Ecosystems (CIE) program, offered in partnership with and support from the Kauffman Foundation. The initiative asks city leaders to commit to an inclusive economicdevelopment policy, program or practice over the course of one year. Committed partnerships.
Creating inclusive entrepreneurialecosystems can help close the wealth gap , as entrepreneurship offers one of the greatest opportunities for personal wealth building. Identifying and filling these cultural competency gaps benefits your entire community, and it is an essential component of continued economic and social progress.
The concept of building networks of support, or what has sometimes been referred to as, forging “entrepreneurialecosystems”, has been a key focus for many advancing the idea that innovation and entrepreneurship will be the future of not just our recovery- but the necessary inclusive pathway for economic advancement and wealth building for all.
In our commitment to entrepreneurship-led economicdevelopment, we’ve made it our practice to regularly share insights and lessons learned while celebrating success stories along the way. Entrepreneurship-Led EconomicDevelopment and Ecosystem Building. 3 Ways to Empower Your Entrepreneurial Community.
Consequently, metros like Nashville, Indianapolis, Salt Lake City, and Phoenix have attracted more transplants from coastal hubs — a shift that helps spur economicdevelopment but also puts pressure on housing costs and public services. What separates entrepreneurialecosystem potential from realized success is often risk tolerance.
Take a close look at your entrepreneurialecosystem building work and make sure you’re doing it through an equitable lens. As community leaders, economicdevelopers and ecosystem builders, we must go beyond just championing entrepreneurs of color and seek to help our communities achieve racial wealth equity for all.
A small, but growing number of people are turning to entrepreneurialecosystem building as a strategy to build more inclusive and resilient economies. This project, The Ecosystem Building Leadership Project (EBLP) , recently launched the design phase.
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. This focus needs to stop.
On Thursday, April 21, SourceLink hosted Building Rural Communities Through Entrepreneurship , a webinar on strategies for growing rural communities through entrepreneurship-led economicdevelopment. Don Macke – Senior Vice President, e2 EntrepreneurialEcosystems. Nicole LaChapelle – Mayor, Easthampton, MA.
The essence of an entrepreneurialecosystem is its people and the culture of trust and collaboration that allows them to interact successfully. An ecosystem that allows for the fast flow of talent, information, and resources helps entrepreneurs quickly find what they need at each stage of growth.
Practical Metrics and Methods (Academic Edition): Identify and develop better metrics and methods for ecosystem building. In a nutshell : There are many metrics and methods in use in entrepreneurialecosystem building, but they are not all widely adopted. In fact, many approaches are still emerging. Norris Krueger. “On
And yet, our economic policies espoused by governments and traditional economicdevelopers continue to focus on attracting existing big businesses. There is a better way, and many of us know it—entrepreneurialecosystem building. Even fewer have been exposed to entrepreneurialecosystems and the value they offer.
The fund, generously supported by key partners including Penn-Northwest Development Corporation, the City of Hermitage, the Shenango Valley Enterprise Zone Corporation, and the Greenville Area EconomicDevelopment Corporation, aspires to nurture an entrepreneurialecosystem that acts as a catalyst for small business expansion and innovation.
This milestone represents years of dedication to growing Oklahoma’s entrepreneurialecosystem,” Plains Ventures President Justin Wilson said. “It By leveraging its extensive network and resources, i2E is committed to supporting innovation, driving economicdevelopment, and nurturing a thriving entrepreneurial community.
The industries (primarily retail, education and other service industries) chosen by women are often perceived as being less important to economicdevelopment and growth than high technology and manufacturing.” This not only reinforces gender stereotypes but also limits the potential for innovation and growth in these industries.
The study strongly suggests that broadband is an effective tool for economicdevelopment, supporting the business community. Greater access to broadband internet contributes to a sense of community, encourages an entrepreneurial mindset, and nurtures entrepreneurial talent—helping local economies in Rural America.
Ben Franklin clients continued to drive Pennsylvania’s economy with innovation and entrepreneurial efforts, developing 158 software copyrights and patents and launching 380 new products and processes. The full report is available online at www.BenFranklinImpact.com.
If you’re feeling like your entrepreneurialecosystem engagement has been dormant, you’re not alone. During the pandemic, many ecosystem builders have felt challenged maintaining meaningful engagement with their network. There’s a lot to be optimistic about for entrepreneurship-led economicdevelopment.
Pictured left to right: Barry Snyder, Erin Kerner, Bob Dornich (TechCelerator Coach), Michael Irvin “We are thrilled to witness the success of these promising startups and their potential to drive economic growth in the Erie region,” remarked Brian Slawin, Portfolio Manager for Ben Franklin CNP.
This post is part of a series featuring highlights from the Unsung Heroes of Ecosystem Building campaign which shone a spotlight on 40+ entrepreneurialecosystem builders from around the U.S. Not everybody can do ecosystem building; it’s a talent that is developed through experience and education, connections and networking.
As Forward Cities journeys with communities to develop equitable entrepreneurialecosystems, one thing we are learning is that our collective imagination around entrepreneurship will have to expand. Maybe you envision your local coffee shop owner who wants to create space for community members to connect over a good cup of joe.
There’s a new community network emerging to help entrepreneurialecosystem builders connect, learn, and grow— Startup Communities: The community for entrepreneurialecosystem builders. Startup Communities: The community for entrepreneurialecosystem builders to connect, learn, and grow.
For a growing number of entrepreneurialecosystems this catalyst is Gregslist. Economicdevelopment organizations in each area use Gregslist when recruiting tech companies to come to their cities. Sometimes small events, act as catalysts for unexpected – but huge results. Gregslist – The Unexpected Catalyst?
Practical Metrics and Methods (Practitioner Edition): Identify and develop better metrics and methods for ecosystem building. In a nutshell : There are many metrics and methods in use in entrepreneurialecosystem building, but they are not all widely adopted. In fact, many approaches are still emerging. Metrics do that.
Dozens of ecosystem builders share their perspective on what an entrepreneurialecosystem builder is, and does. One of the challenges in turning ecosystem building into a recognized profession is the lack of a recognized definition for what it is and what an ecosystem builder is. This shouldn’t come as a surprise.
As the field of entrepreneurialecosystem building has started to grow over the last decade a few books dedicated exclusively to the topic have become valuable sources of information for ecosystem builders. I suspect many ecosystem builders will find the final sections of the book the most rewarding.
As entrepreneurialecosystem builders, we’re united in our belief in the impact of entrepreneurship and entrepreneurialecosystem building as a strategy to build, and now rebuild, economies. It’s a common core value that distinguishes ecosystem builders.
Goal 7 Sustainable Work: Develop professional recognition and resources for ecosystem builders. In a nutshell : Entrepreneurialecosystem building requires perseverance. I am digging into my Management Consulting roots and trying different ways to brand, propose, and sell ecosystem building work.
April 24, 2024) – The New Jersey EconomicDevelopment Authority (NJEDA) has closed its first four approvals under the Angel Match Program , awarding a total of $2 million to support early-stage technology companies. $20M program matches investors’ direct investment in product-based companies TRENTON, N.J.
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