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This organization would hire culturally knowledgeable staff, coordinate ongoing collaboration in their networks, proactively target and recruit hard-to-reach entrepreneurs, and set collective impact metrics and outcomes. This is critical to long-term sustainability of these networks. Going beyond the SBA Community Navigator model.
This federal shift in investment and policy represents a tremendous opportunity for economicdevelopers, community champions and grassroots ecosystem organizers who want to transform their local economies as their community recovers from the devastating economic impact of COVID-19. Going beyond the SBA Community Navigator model.
Before you apply for money to fund your entrepreneurship-led economicdevelopment work – whether you’re just starting out, or are expanding your programming – dedicate time to strategically consider your long-term goals and craft your vision. How can your programming be sustainable and live beyond this grant cycle?
“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.
The concept of building networks of support, or what has sometimes been referred to as, forging “entrepreneurial ecosystems”, 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.
The companys collaboration with the New Jersey EconomicDevelopment Agency is a boost to the states program to attract AI companies for its innovation economy. Despite the IPOs scale, investor enthusiasm was tempered by concerns over CoreWeaves financial sustainability. The company reported $1.92
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. Register here: [link].
webinar on strategies for growing rural communities through entrepreneurship-led economicdevelopment. Attendees will hear success stories and gain valuable insights from national thought leaders about solutions for sustainable, equitable economic impact.
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 entrepreneurial ecosystem 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. Starting and growing a business can prove to be a daunting endeavor within any market.
Identifying and filling these cultural competency gaps benefits your entire community, and it is an essential component of continued economic and social progress. These resources can help you get started: IEDC’s Playbook for Equitable EconomicDevelopment. Make your ecosystem sustainable.
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. Not going it alone.
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. For more information, including additional eligibility requirements, click here.
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.
On Thursday, April 21, SourceLink hosted Building Rural Communities Through Entrepreneurship , a webinar on strategies for growing rural communities through entrepreneurship-led economicdevelopment. A collaborative approach drives development and can lead to powerful outcomes. Nicole LaChapelle – Mayor, Easthampton, MA.
A groundbreaking advancement in electric vehicle (EV) charging technology is set to transform the industry as Greenville-based startup, Advanced Power & Energy, secures a significant investment of $500,000 from the Mercer County Innovation Fund, in collaboration with Ben Franklin Technology Partners of Central & Northern Pennsylvania.
And in the next two years, Wavemaker Impact hopes to launch 8 to 12 new sustainability-focused businesses. The climatetech venture builder also has the support of EDB New Ventures, the venture-building arm of the Singapore EconomicDevelopment Board.
The importance of collaboration and a long-term commitment has gained wider acceptance. Governments and other actors such as large corporations and universities are not collaborating with each other nor with entrepreneurs as well as they could. These principles are adopted in many startup communities throughout the world.
The Kauffman Foundation’s ESHIP Goal 3 recognizes this as an ongoing challenge, stating, “Strong collaboration will require alignment on our desired outcomes for ecosystem building and a common terminology for this work. They bring people together to share insights, experiences, and stories and to collaboratively problem solve.
Patch will take empty local high street shops and turn them into “collaborative cultural spaces” with its “Work Near Home” proposition aimed at traditional commuters. Now, a new U.K. startup has come top with a “decentralized workspace” idea which it plans to roll out across the U.K. It’s now raised a $1.1 Grays Yard.
The Ecosystem Building Leadership Project (EBLP) seeks to collaboratively design, create, and validate a field-wide infrastructure that will help accelerate wider understanding and adoption of ecosystem building as a practice in economic, community, workforce, and entrepreneurship development in the United States. “The
So many similar organizations are making great things happen at small scales, and with collaborations, we are creating opportunities to make bigger impacts. Some great organizations to note: the Porter House KC , Forward Cities , Prospect Business Association , Troost Market Collective , Eastside Collaborative , CHES Inc. ,
What we found through our research are three essential areas to foster the professional and personal development of entrepreneurial ecosystem builders: Justifying and valuing their work: Building the business case for inclusive ecosystem building through fieldwide metrics . How to measure the impact of people collaborating. Mara Hardy.
Now there is a new book to add to the ecosystem building library — Creating Startup Junkies: Building Sustainable Venture Ecosystems in Unexpected Places by Jeff Amerine and Jeff Standridge. One only needs a passion for entrepreneurs, an innovative mindset, and a collaborative spirit.
May 1, 2024) – Yesterday, Governor Phil Murphy, Newark Mayor Ras Baraka, and the New Jersey EconomicDevelopment Authority (NJEDA) joined company leaders to cut the ribbon on HAX, LLC’s newly constructed United States flagship headquarters located at 707 Broad Street in Newark. headquarters.
NJ FAST is the fourth Strategic Innovation Center in the state and will support research and development, innovation, and entrepreneurship in the Fintech and Insuretech Sectors HOBOKEN, N.J. Having a physical location where entrepreneurs can collaborate will help support new, diverse innovators and help drive long-term economic growth.
The sales cycle for sustainable ecosystem type projects is long and they don’t often present themselves as ecosystem building work. I would like to gain skills and knowledge across the seven goals in order to build a sustainable professional services practice that support ecosystem building. Goal 7, specifically 7.1 Let’s chat.
Join a collaborative effort to design, create, and validate the advancement of the entrepreneurship ecosystem building field of practice. Sustainability/Resiliency. I believe that entrepreneurial ecosystem building is a critical, and under-leveraged, economicdevelopment strategy that is needed to revitalize economies.
The Dan River Region Ecosystem Development Project as a promising sign for the sustainable future of Ecosystem Building… . The Dan River Region Entrepreneur Ecosystem (DRREE) has done exactly that, inadvertently creating a case study for the next phase of ecosystem development (read the Dan River Region Case Study ).
Jalaal Hayes of Elyte Energy, Anastasia Jackson of the Delaware Division of Small Business, , Katherine Lakofsky of Delaware BioScience Association and Delaware Biotechnology Institute, Sarah Mailloux of Small Business Development Center of Delaware, Lauren Markell of FMC Corp.,
The goal of EBLP is to collaboratively design, build, test, and validate a field-wide infrastructure that will accelerate adoption of ecosystem building as a practice in economic, community, workforce, and entrepreneurship development in the United States. What would that look like? What would that look like? said Zimmer.
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.
September 21, 2023) – The New Jersey EconomicDevelopment Authority (NJEDA) today announced the establishment of the Diversity Finance Advisory Board (DFAB) which will work to increase access to institutional capital for women- and minority-owned startups.
Impact Hub: Our policy approach At Impact Hub, we are committed to accelerating global impact through collaboration, innovation, and inclusivity. We advocate for policies that support these conditions and encourage cross-sector collaborations to address the complex social and environmental challenges we all face.
“Since 2011, the Bluhm/Helfand Social Innovation (BHSI) Fellowship has supported the work of 36 innovators—representing the United States as well as 18 other countries on five continents—who address pressing global issues, from healthcare delivery to college persistence and sustainable construction in developing nations.
As an emerging field that is challenging the status quo of entrepreneurship in economicdevelopment, ecosystem builders are bound to run into obstacles along the way which – if repeated and consistent – make us want to pull our hair out. The success of small/local business is incredibly vital for a sustainable economy.
Impact Hub: Our policy approach At Impact Hub, we are committed to accelerating global impact through collaboration, innovation, and inclusivity. We advocate for policies that support these conditions and encourage cross-sector collaborations to address the complex social and environmental challenges we all face.
December 19, 2023) – Last week, the N ew Jersey EconomicDevelopment Authority (NJEDA) Board approved $3 million in Public Space Activation Grants under the Activation, Revitalization and Transformation (A.R.T.) Fostering an appreciation for Atlantic City’s heritage, its murals and public space requires investment and collaboration.
Impact Hub Accra (Ghana) | Net Zero Electric Mobility Platform The Impact Hub Accra team is leading the charge towards e-mobility and sustainable energy in Ghana. The platform seeks to identify common goals and strategies towards a sustainable mobility future, which can be achieved through collective action.
March 5, 2024) – The New Jersey EconomicDevelopment Authority (NJEDA) held the first in-person meeting of the Diversity Finance Advisory Board (DFAB) last week, bringing together a diverse group of investors, entrepreneurs, and mentors for presentations and networking sessions.
Salyer served as a member of the Council Finance Committee, Council EconomicDevelopment Committee, and as chairman of the Council Social Services Committee. She is a graduate of Leadership Oklahoma, Leadership Oklahoma City, and is a sustaining member of the Junior League of Oklahoma City.
With support from partners that believe in the power of social entrepreneurship to transform communities, we are able to bring Impact Hub’s vision of inclusive and sustainable innovation at scale to all corners of the planet, providing the grounds for interested local Impact makers to engage and flourish in an empowering environment.
Impact Hub Accra (Ghana) | Net Zero Electric Mobility Platform The Impact Hub Accra team is leading the charge towards e-mobility and sustainable energy in Ghana. The platform seeks to identify common goals and strategies towards a sustainable mobility future, which can be achieved through collective action.
“Since 2011, the Bluhm/Helfand Social Innovation (BHSI) Fellowship has supported the work of 36 innovators—representing the United States as well as 18 other countries on five continents—who address pressing global issues, from healthcare delivery to college persistence and sustainable construction in developing nations.
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