The Real Rebuilding Will Begin after the Election, and it Will Start with Entrepreneurs, Economic Developers, and Ecosystem Builders

Co Starters

Over the years CO.STARTERS has seen groups of people with wildly divergent points of view come together to create new economic opportunities and stronger communities. If it is, don’t change course—but if it isn’t, you need to rethink your community building and economic development strategy.

Economic Developers Cannot Just Rely on Corporate Recruitment. They Have to Grow Their Own Ecosystem.

Co Starters

Part five of a series from our founder on exploring a new approach to economic development that places individuals, families, and entrepreneurs at the center. . During the nineties, the Chicago Bulls dominated the NBA by focusing primarily on developing homegrown talent.

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Entrepreneurs and Economic Developers Both Want to Make a Difference in their Community. Here are Practical Ways they Can Improve their Collaboration.

Co Starters

Part six of a series from our founder on exploring a new approach to economic development that places individuals, families, and entrepreneurs at the center. . Two of those groups are entrepreneurs and economic developers. Some are accelerated by economic developers.

Our Economy Measures Success with the Wrong Metrics. Here is How We Should Measure Successful Economic Development

Co Starters

A collection of people organized toward achieving shared economic goals is a “business.” In a family we might talk about shared love and the ability to develop mutually beneficial, non-toxic relationships. If we want to know if a city, state, or nation is thriving we measure their entire economic output and divide it among their population. While GDP gives a broad baseline indicator of a given political unit’s economic health, it is also deeply flawed. By Enoch Elwell.

Broadband critical for economic development

Innovation 2 Enterprise

According to the Federal Communication Commission’s 2018 broadband deployment chart, Oklahoma is last in our region in broadband development. By Scott Meacham. Copyright © (2019), The Oklahoman. I learn something new practically every day in this job. For example, did you know that Oklahoma has a state meal?

Business and Entrepreneurship Will Play a Critical Role in Creating a Better World. Here’s How.

Co Starters

Will there be economic opportunity for all? Jobs that pay a living wage and provide true economic security are an important start—but that is just the beginning. Almost any Bruce Springsteen song teaches us that while a job working the line may have provided economic security, it often did not create a sense of fulfilling one’s potential. And what is the downside of measuring economic success solely through a high GDP? By Enoch Elwell.

Our Economy is Moving from the Industrial Age to the Connected Age. Here is What that Really Means.

Co Starters

Traditional economic development has largely focused on increasing economic output by attracting and keeping companies that deliver the maximum number of jobs possible. Of course, corporate recruitment will always be an important function of economic developers. Over the past several years, I worked with a small team at the Kauffman Foundation to develop guiding principles to help articulate this evolution in economic development.

Entrepreneurship is About Creation. Here’s Why We Need to Train Entrepreneurs to Create the Next Economy.

Co Starters

Part four of a series from our founder on exploring a new approach to economic development that places individuals, families, and entrepreneurs at the center. . I seek to develop our collective vision for a better world and believe in encouraging each other as we figure out how to get there. There is little room in this short-term focused economic model to prioritize the well-being of their communities beyond minimal regulatory requirements.

CO.STARTERS is a Small Business Too: Part I

Co Starters

We help startups, and almost no one wants to start a business during an economic halt. He is an experienced operations director who has successfully scaled organizations in the community development and hospitality industries. Features economic development entrepreneurship metrics small businessWhat we’re doing as a small business to survive the pandemic. By Jose Alfaro, CO.STARTERS COO. Adaptation isn’t something that happened once in March.

Accelerators and economic development: is there a fit?

Carol Lauffer

When designing an accelerator, economic developers face the question: Should access be strictly limited to entrepreneurs residing within our community or region, or be open to anyone regardless of his or her geographic location? Thus, the conundrum for economic developers: should you place geographic restrictions on applicants, or not? Of course, they are venture or investment driven models, not economic development driven.

A New Network for Startup Community Builders

Ecosystem Builder Hub

Powered by Mighty Networks , the new platform is positioned as a virtual community and global network of individuals dedicated to discussing and developing communities to foster startups and features a wide array of topics related to startup communities and ecosystem building. . Connected Networks Economic Development Featured Original Content Brad Feld Ian Hathaway Startup Communities

Protect Land, Create Jobs: Economic Development and Land Conservation

EntreWorks Consulting

I’ve always appreciated these protected lands for their natural beauty, but they’re also an important contributor to new job creation and economic development. But, this research finds that land preservation can often produce better economic outcomes, finding that communities with higher levels of land protection also had higher employment numbers. Protect Land, Create Jobs: Economic Development and Land Conservation.

Entrepreneurial Ecosystem Insights: Insider Tips for Building Relationships with Foundations

Source Link

Read these tips from foundation leaders on how entrepreneurship ecosystem builders can develop relationships with foundations that invest in community economic development. Best Practices

Creating Connections for Struggling Businesses through the Refocus Workshop

Co Starters

Pasco Economic Development Council / SMARTstart. 0 small business owners supported 0 workshops 0 grants provided How Pasco Economic Development Council’s SMAR Ts tar t used the CO.STARTERS Refocus business recovery workshop to reach unsupported entrepreneurs in their community and connect them to vital support. Daniel steers the ship at SMARTstart, Pasco County EDC’s initiative for economic development through entrepreneurship. CASE STUDY.

IEDC Small Business Development Training Course: Join us on September 17-18!

EntreWorks Consulting

If you’re pursuing professional development or just want to learn about new trends in economic development, join us on September 17-18, 2020 for another on-line version of the International Economic Development Council’s Entrepreneurship and Small Business Development Strategies course. IEDC Small Business Development Training Course: Join us on September 17-18! It’s back to school time again.

New Resources from National Partners

Co Starters

The first playbook, Elevating Women in Entrepreneurship, is a 78-page guide that covers community outreach techniques, how to develop a female-supportive network, solutions for work-life balance, how to fix the pipeline to encourage more women investors, and more. McClure Placemaking: Rural Economic Development Innovation (REDI). Department of Agriculture to help rural communities create economic development plans.

Navigating the Stages of Community Growth

Co Starters

Despite suffering significant economic loss which spawns a culture of grim survival, a growing number of communities are beginning to break free of the past in an unexpected comeback. Taking local institutional leaders by surprise, rapid economic and cultural transformation is occurring in unlikely places, often led by strange grassroots groups of creatives and non-traditional entrepreneurs. A new model for economic development.

Clearing a Path Toward Equity Through Entrepreneurship

Co Starters

With a digital innovation lab on the way, Forward Cities saw a clear need for entrepreneurship training and labor force development. . New Kensington, and many rust belt communities like it, make for prime locations for economic renaissance. CASE STUDY. Forward Cities + The Corner.

Unsung Heroes of Ecosystem Building: Meet the Voices Championing “Universal Support”

Co Starters

Economic dynamism, a key indicator of economic health, has been in decline for decades, as has the rate of new business starts. And yet, our economic policies espoused by governments and traditional economic developers continue to focus on attracting existing big businesses. But ecosystem building still hasn’t gone mainstream—it’s a mostly unknown approach to economic development.

New EntreWorks Insights Now Available

EntreWorks Consulting

This issue examines the power of place in economic development, and discusses how we can use work spaces,such as our offices, business incubators, and coworking spaces, to help build social capital, build community, and advance the cause of economic development. The latest issue of our e-newsletter, EntreWorks Insight s, is now available.

Clearing a Path Toward Equity Through Entrepreneurship

Co Starters

With a digital innovation lab on the way, Forward Cities saw a clear need for entrepreneurship training and labor force development. New Kensington, and many rust belt communities like it, make for prime locations for economic renaissance. CASE STUDY. Forward Cities + The Corner.

Some Upcoming Training Programs

EntreWorks Consulting

If you’re in the market for professional development opportunities, I’ve got some training programs for you to consider. They include: June 18-19: National CEDS Forum (Columbus, OH): I’ll be leading a session on economic diversification and resilience, discussing how the regional Comprehensive Economic Development Strategy (CEDS) process can help regions make smart decisions about their economic futures.

Universal Support: ESHIP Goal 6

Ecosystem Builder Hub

Economic dynamism, a key indicator of economic health, has been in decline for decades, as has the rate of new business starts. And yet, our economic policies espoused by governments and traditional economic developers continue to focus on attracting existing big businesses.

Entrepreneurship & Small Business Development: On-Line Course (June 18-19)

EntreWorks Consulting

I’ve developed something of a tongue-in-cheek “formula” for what communities should consider doing to help spur recovery after the pandemic: T + I + E + BRE = R. Communities that invest in T alent, I nfrastructure, E ntrepreneurship, and enhanced B usiness R etention & E xpansion programs will likely have the best potential for economic R ecovery. My co-presenters will be Carol Lauffer of Business Cluster Development LLC and Tom O’Neal of GROW Florida.

Five Years of Transformation

Co Starters

A growing number of regular people care deeply about sharing their passion, knowledge, and expertise with the world through business, but they feel disconnected from existing institutional economic development resources and business support. In the past, a pervasive assumption among local leaders and national program developers has been that finding the right program will solve every problem. The challenge is not to develop more solutions.

Bridging the Rural Opportunity Gap

Co Starters

In many small towns, the historic loss of one large industrial employer has been more than enough to start a downward economic spiral that is more difficult to overcome than it would be in places with more remaining jobs and some of those other assets. Though CORI is new, Dunne has been active for many years in developing innovative solutions in rural America. Dunne offers key learnings from his and CORI’s work in several small communities to reverse economic decline.

Networks vs. Nodes: Developing New Business Models for the Connected Age

Co Starters

Our team at CO.STARTERS has gradually realized we are not just collaborating with these players as we jointly pioneer a new way of doing economic development. Most organizations focused on ecosystem building, including CO.STARTERS, have followed an Industrial Age business model, even while we see ourselves as growing a new model of economic development for the Connected Age. By Enoch Elwell, CO.STARTERS Founder & Visionary.

Forward Cities is hiring 2 new positions

Forward Cities

Forward Cities , the largest national network of cities committed to advancing inclusive innovation and economic development, is seeking two dynamic new team members: Fellows Manager. We’re growing our team with 2 new positions! ESHIP Ops Coordinator (Kansas City ONLY, Temp – Perm). Information on how to apply can be found on the respective pages. The post Forward Cities is hiring 2 new positions appeared first on Forward Cities.

ESHIP Year Three: From Inspiration to Action

Co Starters

Throughout this entire process, it has been incredibly inspiring to see hundreds of national leaders put so much time, energy, and passion into accelerating the evolution of the economic development field. Amid the many informal gatherings of ESHIP, a particular highlight for us was reconnecting with the RuralRISE Network of builders working to transform communities and reinvent economic development in rural areas.

Growing a Living Community

Co Starters

Of these, more than 8,000 went through CO.STARTERS foundational business development program; 85% of participants from 2014–18 reported that they are still working in their venture. . CO.STARTERS Summit Highlights Deepened Support for Entrepreneurial Leaders. Grassroots entrepreneurial leaders from across the U.S. came together October 2–4 for the fifth CO.STARTERS Summit, held in the organization’s hometown of Chattanooga, Tennessee.

WINNERS OF BEN FRANKLIN’S BIG IDEA CONTEST ANNOUNCED!

Ben Franklin Technology Partners

The team is developing a web-based APP that empowers the development of an effective education for children with disabilities. The company is developing a plug and play device, Smart Horns, for autos that gives drivers alternative, customized sound options. Other finalists who particpated included Duncan Everhart, with Hinterland Tools in Bedford County, who is developing the “No-Math Miter” for use with table saws.

The Achilles Heel of Startup Ecosystems

This is going to be BIG.

Across the world, various economic development organizations, government agencies, and non-profits are putting in admirable and well-intentioned efforts to develop startup ecosystems. Yet, do you know how many of those investors came through intros made by those who have a strategic economic development interest in fostering the NYC ecosystem? This is exactly the wrong way to think about the economic opportunity presented by innovation.

Growing a Startup Ecosystem in Louisville, KY

TechStars

Techstars, the worldwide network that helps entrepreneurs succeed, and the Louisville Entrepreneurship Acceleration Partnership (LEAP) together announce the launch of the Techstars Startup Ecosystem Development program in Louisville, Kentucky. Using the Techstars’ startup ecosystem development model—with a focus on the interactions between attitudes, actors, and activities—the findings of the assessment include analysis of Louisville’s culture, capital, talent, institutions and density.

Ben Franklin’s New ReStart Initiative Targets Counties in Central & Northern PA

Ben Franklin Technology Partners

By matching the generous support of $1 million in capital from the Pennsylvania Department of Community and Economic Development (DCED), Ben Franklin has created a $2 million pool of capital designed to support and sustain existing portfolio companies while also re-energizing product development and sales/marketing efforts. Ben Franklin/CNP encourages the development of new products whose demand emerges from the recovery of the economy from COVID-19.

Ben Franklin Invests in Tech Startups Adversely Affected by COVID-19.

Ben Franklin Technology Partners

Nine tech-companies in central and northern PA, that were adversely affected by COVID-19, received an investment from Ben Franklin Technology Partners/CNP that will allow them to stabilize their operations and further develop and commercialize new products, processes, or software applications. Laughing Owl Press, located in Kane, PA , is developing a platform that brings the simplicity of ordering digital printing to high-end letterpress printed products.

Supporting Latinx Entrepreneurs Means Building Relationships of Trust

Co Starters

In my experience, traditional economic development and community development efforts approach most communities by saying, essentially, ‘We have the answers for you.’ A note about the “Latinx” term: As a national organization, CO.STARTERS prefers to use the broadest, most inclusive term but recommends that local organizations learn which term is preferred by their local population—possibly Latinx, Latino, Latina, Hispanic, or a specific nationality—and use that term.

The Greg Main Distinguished Scholar Award

Innovation 2 Enterprise

His strategic leadership skills would be tapped once again to serve as CEO of i2E, later as President and CEO of the Michigan Economic Development Corporation and finally as President of St. Application. About Greg Main.