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.

Celebrating Entrepreneurship-led Economic Development this Economic Development Week

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According to my friend Jeff Finkle (pictured right), president of the International Economic Development Council (IEDC), “Supporting entrepreneurs and small-business owners with creating and growing their local companies is a crucial part of economic development.”.

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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.

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.

If You are an Economic Developer or Ecosystem Builder, What will Your First 100 Days Look Like?

CO.STARTERS

As we face the long road of recovery from the crisis of today, every economic developer and entrepreneurial ecosystem developer faces a choice: When the elections are over, what will your next 100 days look like? Your community is facing an economic crisis.

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. Features economic development entrepreneurship metrics small business

Raising Awareness about Entrepreneurship as an Economic Development Strategy

Ecosystem Builder Hub

“Communities seeking to grow their economy need to understand the impact entrepreneurship and small business play in economic growth.” — Grow Your Own: Entrepreneurship-based Economic Development for Local Communities, Dell Gines, Federal Reserve Bank of Kansas City.

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?

Innovation is key to economic development

Innovation 2 Enterprise

Driving innovation through collaboration to create jobs is the entire reason for being of the public-private consortium of the Oklahoma Center for the Advancement of Science and Technology (OCAST), the Oklahoma Manufacturing Alliance (OMA), the Oklahoma State University New Product Development Center (NPDC) and i2E. OCAST is Oklahoma’s only agency with the sole focus of technology-based economic development. By Scott Meacham. Copyright © 2019, The Oklahoman. Innovate.

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.

#1 Put entrepreneurs front and center

CO.STARTERS

Entrepreneur Story Time events became an anchor in Santa Fe’s entrepreneurial ecosystem, drawing crowds of 25 to 65 enthusiastic community members, local economic development officials, potential investors and other entrepreneurial support providers.

Call for Input: Local Policies to Support Economic Development via Entrepreneurship

Ian Hathaway

This is a call for input for a brief survey on local policies or programs to support startup community development. economic development agencies, foundations, chambers of commerce, non-profits).

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.

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.

How To Grow Your Economy. Build It, Don’t Buy It!

Ecosystem Builder Hub

Building Startup Communities is the Way to Economic Growth and Recovery. And yet, our economic policies espoused by governments and traditional economic development approaches continue to focus on attracting big businesses.

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. .

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

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

SBA Announces Community Navigator Model and Funding Opportunity

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This approach also requires entrepreneurial ecosystems incorporate new methods and business economic impact measures. The course is available to economic developers in the field who frequently find themselves perfectly positioned to spearhead efforts like this. The U.S.

SourceLink + National League of Cities – Impacting Entrepreneurship in Rural Communities

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SourceLink®, the National League of Cities (NLC) and the Ewing Marion Kauffman Foundation are pleased to announce the results of recent efforts to advance entrepreneurial development in Kankakee and Belvidere, Illinois.

Latest Update on the SBA Community Navigator Funding Opportunity

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This federal shift in investment and policy represents a tremendous opportunity for economic developers, 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.

Creating Connections for Struggling Businesses through the Refocus Workshop

CO.STARTERS

Pasco Economic Development Council / SMARTstart. Daniel steers the ship at SMARTstart, Pasco County EDC’s initiative for economic development through entrepreneurship. CASE STUDY. Lutz, Florida.

Measuring Data and Creating Impactful Economic Reports

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Cameron Cushman and Marco Johnson, from Fort Worth’s Sparkyard , shared their recent jobs report , which illustrates the economic impact of young local companies. Our special guest, Mark Werthmann, Economic Development Representative for Nebraska, Kansas and western Missouri U.S.

Join the International Celebration of Makers, Innovators and Job Creators November 8-14

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You’ll hear directly from affiliates in the SourceLink network on how they’ve leveraged emerging technologies, data and targeted messaging to craft strategies that sustain and bolster their entrepreneurship-led economic development and ecosystem building work.

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.

How to Build an Inclusive Entrepreneurial Community

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While creating a diverse ecosystem that supports diverse entrepreneurs is emerging as an important economic development strategy, many communities struggle with how to create an environment that truly fosters inclusivity.

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.

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.

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.

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.

YOUR BIG IDEA COULD BE WORTH BIG BUCKS!

Ben Franklin Technology Partners

Ben Franklin Technology Partners, an award-winning, tech-based economic development program, is offering emerging entrepreneurs and small manufacturers the opportunity to participate in our fun, risk-free $50,000 BIG IDEA Contest.

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.

Five PA Companies To Receive Funding from Ben Franklin Technology Partners!

Ben Franklin Technology Partners

Emerging entrepreneurs and small business owners who are developing a new, product, process, or software application – and need startup funding, need to know about the Ben Franklin program.

FINALISTS IN BEN FRANKLIN’S $50,000 BIG IDEA CONTEST ANNOUNCED!

Ben Franklin Technology Partners

Consulting House USA LLC (Troy Bingham) , located in Erie County, developed relocatable kiosks that will sell the LUMI “Better For You” food and beverage brand. IL Fuels LLC (Paul Painter, Aron Lupinsky), located in Centre County, developed technology to recycle water from mining operations.

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.

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.