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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.
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. Entrepreneurialdevelopment in rural areas is needed now more than ever.
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 […]
Creating strong inclusive ecosystems of support for entrepreneurs is key to a community’s economic success, however sharing collective impact can be challenging.
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.
Now more than ever, entrepreneurs and small business owners require support from economicdevelopers driving local economies forward. The EntrepreneurshipDevelopment Professional (EDP) certification. Developed with support from the Ewing Marion Kauffman Foundation and the U.S.
Entrepreneurs are key contributors to job creation and economic stability, so your long-term strategy should include ways to support their success by building effective entrepreneurshipecosystems. There are significant government dollars available for economic recovery right now. Collaborate with community stakeholders.
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?
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. Worth the wait.
In 2021, we saw new programs and funding opportunities from the EDA and SBA to rebuild, sustain and grow entrepreneurship. At SourceLink, we continued the entrepreneurialecosystem building work we’re known for while proactively developing ways to bolster this renewed wave of support.
Today marks the start of Global Entrepreneurship Week, an annual initiative that shines a light not only on the value entrepreneurs bring to our communities and global economy, but also the importance of building infrastructures that make it easier for them to start and scale their businesses. SourceLink? Orange County Mayor Jerry L.
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. Global Entrepreneurship Week 2021: November 8-14. We would love to hear how your community celebrates entrepreneurship. Register here: [link].
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.
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.
Read these tips from foundation leaders on how entrepreneurshipecosystem builders can develop relationships with foundations that invest in community economicdevelopment.
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.
Creating inclusive entrepreneurialecosystems can help close the wealth gap , as entrepreneurship offers one of the greatest opportunities for personal wealth building. These resources can help you get started: IEDC’s Playbook for Equitable EconomicDevelopment. Make your ecosystem adaptable.
Over the past three years, there has been a marked increase in the number of women pursuing entrepreneurship, with an estimated 40 percent of new businesses in the United States started by women. Widespread layoffs during the pandemic contributed to an initial rise in female entrepreneurship in 2020, along with the need for flexibility.
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.
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. Rallying for rural entrepreneurship: addressing the challenges that face rural small businesses. Funding Entrepreneurship.
Your local Small Business Development Center (SBDC), which can provide assistance with business planning, access to financing, counseling services and classes. University entrepreneurship and innovation centers that partner with the community to provide tools, facilities and education to local business owners.
Local broadband providers offer greater access to achieve economic prosperity Rural economies and communities benefit from access to fiber broadband, boosting entrepreneurship, income, and business investments. The study strongly suggests that broadband is an effective tool for economicdevelopment, supporting the business community.
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. The report from Kauffman isn’t an outlier.
Join a collaborative effort to design, create, and validate the advancement of the entrepreneurshipecosystem building field of practice. A small, but growing number of people are turning to entrepreneurialecosystem building as a strategy to build more inclusive and resilient economies.
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. An ecosystem is a complex and dynamic system.
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 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.
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.
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. To them, those enterprises seemed less like examples of entrepreneurship and more like examples of community development.
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.
The Ecosystem Building Leadership Project (EBLP) is an initiative to advance the entrepreneurshipecosystem building field of practice. After a several months of collaborative online exploration and development, over 70 volunteers convened in Indianapolis in early September to move the project forward.
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.
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.
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.
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.
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.
A: The ESHIP buzz is exciting not only for the Kansas City entrepreneurship community as a whole, but it’s also providing light to the underserved communities and helping to increase the conversation about inequalities and what’s needed to level playing fields as it relates to small business ownership. A: My why stems from my upbringing.
The 2024 PA Wilds Big Idea Contest, an initiative aimed at fostering innovation and entrepreneurship in Cameron, Clinton, Lycoming, Potter, and Tioga Counties, has announced its finalists. Their project, currently in the engineering phase, holds promise for reducing carbon emissions while promoting economicdevelopment in the region.
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.
The 2024 PA Wilds Big Idea Contest, an initiative aimed at fostering innovation and entrepreneurship in Cameron, Clinton, Lycoming, Potter, and Tioga Counties, has announced its finalists. After rigorous evaluation, six outstanding contenders have emerged, each presenting groundbreaking solutions in diverse fields.
For the past few years, LISC has been working with and studying examples of Anchors catalyzing small and minority business development in communities across the country. Creating Shared Value for Anchors and Small Business Ecosystems. What is an Anchor?
The Dan River Region EcosystemDevelopment Project as a promising sign for the sustainable future of Ecosystem Building… . As a project-based Ecosystem Builder, I have observed the exciting recent shift in conversation and strategy around building and scaling entrepreneurialecosystems. LinkedIn: [link].
in income replacement grants and mentorship to first-time entrepreneurs, creating 10 new businesses and helping fuel innovation in strategic sectors The New Jersey EconomicDevelopment Authority (NJEDA) today announced the inaugural cohort of the New Jersey Innovation Fellows (NJIF) program.
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. My biggest frustration and battle are to keep saying that building an ecosystem is a need and it matters. Christina Theodoraki.
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