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Innovation is key to economic development

Innovation 2 Enterprise

“We help create high-paying jobs, seed ideas and start and support companies across multiple sectors. These taxes help to support our schools, build or improve roads and bridges, and support the core functions of government.”. OCAST is Oklahoma’s only agency with the sole focus of technology-based economic development.

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New Jersey announces $10M seed fund aimed at Black and Latinx founders

TechCrunch

The Black and Latinx Seed Fund will be administered by the New Economic Development Authority (NJEDA). NJEDA CEO Tim Sullivan said based on research conducted by the state, that New Jersey is the first state in the nation to develop this type of fund. billion venture dollars invested between 2018 and 2019.

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Zembo nabs $3.4 million from Toyota, DOB Equity and InfraCo Africa to grow its motorcycle startup in Uganda

TechCrunch

Zembo, a French startup with operations in Uganda was founded in 2018 and sells electric motorcycles through a lease-to-own program. Mobility 54’s investment in Zembo envisions to accelerate the carbon neutrality in Africa by electrification of the mobility industry.

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Practical Metrics and Methods: ESHIP Goal 5 – Part 1

Ecosystem Builder Hub

The traditional economic development approach uses static and reactive metrics – the number of jobs created, capital investment dollars, and companies recruited – on an annual basis. For example, my EDO had “7 wins” (companies that relocated) in 2018, but only “1 win” in 2019. Metrics do that. Ellen Bateman.

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Why Michigan Could Become a Startup Powerhouse

HPA

Last month, I had the opportunity to visit Ann Arbor during a week-long series of tech events curated by economic development engine Ann Arbor SPARK. All three of these startups have received funding since 2018, including from coastal investors.

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