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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.
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.
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. Information is available from the SBA Information Notice (PDF).
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.
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). Participation, of course, is optional, as is disclosing your name or contact information. Thank you!
“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.
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.
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. One key aspiration was driving job creation and attracting young adults to the area by providing more support for entrepreneurs, innovators and small 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. We appreciate Mark joining us to share this information with our affiliates. News from affiliates.
Creating strong inclusive ecosystems of support for entrepreneurs is key to a community’s economic success, however sharing collective impact can be challenging.
On Thursday, April 21, SourceLink hosted Building Rural Communities Through Entrepreneurship , a webinar on strategies for growing rural communities through entrepreneurship-led economicdevelopment. Sharing examples of how other rural communities have made progress can help motivate, inspire and inform.
During our March Quarterly Conversation, affiliates discussed the challenges moving from individual entrepreneur support organizations to a collaborative, community-based model. For more information, contact Dara Macan at dmacan@joinsourcelink.com.
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.
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.
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.
The largest early-stage investor in the region, Ben Franklin provides investment capital, business support services, BIG IDEA Contests, and Startup Boot Camps to emerging tech-entrepreneurs and small manufacturers located in central and northern Pennsylvania. For more information: www.dmi-llc.com. For more information: [link].
However, despite the marked increase in women’s engagement in entrepreneurial activity, there are still far more male than female entrepreneurs in most countries, and there is also a need for greater support and funding for women looking to start and scale their businesses. However, simply hiring for diversity is not enough.
There’s a lot to be optimistic about for entrepreneurship-led economicdevelopment. As entrepreneurs and small business owners continue to recover , it’s a good time to strengthen ecosystems to support them. Inform your meeting planning with questions such as: How often do you want to meet? Survey your resource partners.
June 13, 2023) – The New Jersey EconomicDevelopment Authority (NJEDA) yesterday issued a Request for Information (RFI) seeking insight from qualified stakeholders on opportunities to accelerate building decarbonization within the commercial building sector. TRENTON, N.J.
Ben Franklin, which has been investing in tech startups and small manufacturers for nearly 40 years, recently received additional funding support of $1 million from the Department of Community and EconomicDevelopment (DCED) to invest in its portfolio clients that have been adversely affected by COVID-19.
The accelerator program has supported more than 80 startups in seed to Series A stages with equity-free mentorship and resources. This vital industry is the lifeblood of Africa’s cities and powers economicdevelopment. He made this known at the Google for Africa event in October.
Our final SourceLink Affiliate Quarterly Conversation of the year was packed with great information and fun. She feels that it’s more important now than ever to provide targeted support so people don’t give up on starting and growing businesses. In many ways, 2021 has been a year of recovery, reflection and change.
This investment will support the development of innovative, safer EV charging stations. Advanced Power & Energy is set to change the game by manufacturing charging stations with advanced zinc nickel batteries, ensuring a safer and more economically sustainable solution while alleviating stress on the power grid.
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. For more information on the Angel Match Program, visit [link].
The Ben Franklin program, which has been investing in tech startups and small manufacturers for nearly 40 years, recently received additional funding support from the Department of Community and EconomicDevelopment to invest in its portfolio clients that have been adversely affected by COVID-19. www.ocunova.com.
For more information, visit [link]. Tech-startups and small manufacturers have been getting their “start” with Ben Franklin Technology Partners for nearly 40 years. NO fees, points, or collateral required!
In partnership with the PA WILDS Center for Entrepreneurship, and with funding support provided by the Appalachian Regional Commission (ARC), Ben Franklin Technology Partners’ recent innovation competition targeted the counties of Centre, Clarion, Clearfield, and Jefferson. RSVP: [link].
The statewide Ben Franklin network also supported 1,647 companies and helped clients create 2,438 jobs while retaining 12,923 more positions, the report found. This latest report reinforces Ben Franklin’s leadership position as one of the most widely known and emulated state technology-based economicdevelopment programs in the nation.
Program will Provide Grants up to $250,000 to Assist Small-Scale Developers in Gaining Access to Capital TRENTON, N.J. March 8, 2024) – The New Jersey EconomicDevelopment Authority (NJEDA) will host in-person and virtual information sessions to introduce the newly established $20 million Emerging Developers Grant pilot program.
Tanvi Bharathan, with Staff Atom, is developing software that simplifies essential tasks for staffing agencies. Stay tuned for more information on the final judging which will take place on November 19, 2020, via Zoom. Visit cnp.benfranklin.org.
In Eat Just’s announcement today, chief executive officer Josh Tetrick said, “Singapore has long been a leader in innovation of all kinds, from information technology to biologics to now leading the world in building a healthier, safer food system.” Startups making meat alternatives are gaining traction worldwide.
September 28, 2023) – The New Jersey EconomicDevelopment Authority (NJEDA) today issued a Request for Information (RFI) seeking insight from the maritime industry on its offshore wind workforce needs. TRENTON, N.J.
Silicon-Valley based VC firm 500 Global and German’s economicdevelopment agency Gesellschaft fu?r Accelerators provide all-round support to early-stage startups, including helping them find product-market fit, funding and access to investors. 500 Global’s take on the rising competition among startup accelerators.
The traditional economicdevelopment approach uses static and reactive metrics – the number of jobs created, capital investment dollars, and companies recruited – on an annual basis. This was a focused effort to support our mayor’s goal of investing in women-and-minority-owned small businesses. Metrics do that.
They amplify the work of local makers, doers and innovators by championing their efforts and rallying support around them. They build a culture of trust and collaboration among stakeholders, so that the doers and innovators have equal access to information, talent and resources when they need them. Season 1: What is ecosystem building?
This past April, we invited a group of ecosystem practitioners from Buffalo, Richmond, and Jacksonville to see how different communities in Indianapolis are seeking to provide greater access, financing, and support for entrepreneurs of color and others who are disconnected from traditional business networks.
Lojic’s dashboard product is a business intelligence and analytics platform that creates and displays real-time data based on any supported ERP system. Integrated Platform Services LLC, based in Lancaster , provides Constance, a human-centric, technology-enabled subscription service to support seniors living independently.
Tom Wolf today announced that his proposed 2020-21 General Fund budget will include a $5 million increase for the Ben Franklin Technology Development Authority (BFTDA), which funds the statewide Ben Franklin Technology Partners initiative, one of the most widely known and emulated state technology-based economicdevelopment programs in the nation.
Nine tech-companies in central and northern PA, that are developing solutions related to the impact of COVID-19 on the state and its economy, received an investment from Ben Franklin Technology Partners/CNP. Visit www.ohanalink.tech. www.cnp.benfranklin.org.
In fact, ACA members and groups are the most significant source of support for entrepreneurs, investing more than 1 million pro bono hours and $650 million of after-tax financing to more than 3,000 high growth companies annually. Without this support, many early-stage companies wouldn’t get off the ground.
Funds will support investments in early-stage technology companies TRENTON, N.J. July 17, 2024) – The New Jersey EconomicDevelopment Authority (NJEDA) today approved an investment into Newark Venture Partners, III, L.P. NVP III) of up to $6 million under the NJEDA’s Venture Fund Investment Program.
In the midst of supporting founders in their communities during a global pandemic, what do they wish they were more versed in? Hard skills training: Facilitation & leadership, more and better business support for entrepreneurs, organizational skills, work-life balance. Lauren Mehler Pradhan. Melanie Lenci. Adam Arredondo.
In this void, they must often rely on their instincts, personal support systems, and ad hoc revenue streams. To sustain the work of ecosystem building, we must equip our practitioners for the long haul with a professional job description, training programs, ongoing peer support, and sustainable funding models.
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