Building An Entrepreneur Friendly Community

1. Building An Entrepreneur Friendly Community Overview Insert Community Name Insert Presentation Date

2. Presentation Goals • Raise the awareness regarding the value of entrepreneur based employment in (name of community) • Identify the community support necessary to build a knowledge economy • Outline the “Building an Entrepreneur Friendly Program” of Ohio State University Extension and (name of organization delivering curriculum)

3. Economy Transitions • An Agriculture Economy • A Manufacturing Economy • A Knowledge-based Economy

4. A Manufacturing Economy (Name of Community) Trends

5. President Eisenhower and the 50’s What major construction program did President Eisenhower initiate that changed the American economy?

6. The Interstate Highway System • Began with the National Interstate and Defense Highways Act of 1956 • Three states claim to be the first stretch of interstate highway 1. Missouri signed first three construction contracts on August 2, 1956 2. Kansas first to start paving on September 26, 1956 3. Pennsylvania Turnpike piece opened on October 1, 1940

7. Local Community Quarterly Employment: 1995-2006Source: Ohio Bureau of Labor Market Statistics State & county annual average employment for 12 years. Total Employment 2006: 12,262 Total Employment 1995: 10,223

8. (Name of Community) Quarterly Employment: 4th Quarter 2007 compared to 2001Source: Ohio Bureau of Labor Market Statistics

9. (Name of Community) ManufacturingSource: Ohio Bureau of Labor Market Statistics

10. (Name of Community) Administrative ServicesSource: Ohio Bureau of Labor Market Statistics

11. (Name of Community) InformationSource: Ohio Bureau of Labor Market Statistics

12. (Name of Community) County Healthcare & Social AssistanceSource: Ohio Bureau of Labor Market Statistics Unavailable

13. Number of Workers by Size of FirmSource: Ohio Bureau of Labor Market Statistics

14. Number of Establishments by Size of FirmSource: Ohio Bureau of Labor Market Statistics

15. Group Discussion Based on the previous information: • How would you describe the (community name) business community? • What is the impact of small firms in (community name) economy?

16. State Job Outlook 2014 Source: Ohio Bureau of Labor Market Statistics

17. (Name of Community) Professional ServicesSource: Ohio Bureau of Labor Market Statistics

18. State Economic Analysis, 2007Source: Ohio Department of Jobs and Family Services, Office of Workforce Development Two long-term trends will continue: • women will continue to participate in the labor force in greater numbers • the overall labor force will continue to age In addition four out of the top six growth industries will be in health care.

19. State Economic Analysis, 2007Source: Ohio Department of Jobs and Family Services, Office of Workforce Development Skills-based analysis points to the need for a highly literate workforce with more • critical thinking • communication-related skills

20. Region X Workforce Analysis ReportSource: Ohio Department of Jobs and Family Services, Office of Workforce Development Most important workplace skills to develop in the Region X • reading comprehension • critical thinking • active listening • speaking • coordination

21. The Knowledge Economy

22. What is today’s new superhighway? The New Superhighway

23. TECHNOLOGY and EDUCATION

24. Knowledge Based Economy • Use of information to generate ideas leading to new innovations • Knowledge based growth is created from people’s ability to combine education, experience and ingenuity Source: Can Rural America Support a Knowledge Economy Henderson & Abraham; Federal Reserve Bank of Kansas City • Entrepreneurs are a key driving force of the knowledge economy

25. A Knowledge Based Business • Is a childcare service a knowledge based business?

26. Knowledge Economy Skill Level • The state needs more then 230,000 additional college students enrolled by 2017 to participate in a better state economic future • These additions must come from high-achieving youth in low income and first generation families who haven’t in the past considered college Source: Strategic Plan for Higher Education 2008-2017

27. Youth & Entrepreneurship • Gallop Poll indicated 69% of high school students wanted to start their own business; 84% felt unprepared to do so • How many people have a desire to be an entrepreneur? Whatever the number, in places with supportive environments the number rises • Source: Center for Rural Entrepreneurship, Rural Policy research Institute

28. Entrepreneurs in (Name of Community) Backyard • The name of local institution is operating an MBA in entrepreneurship program. • One of the students created a new company that is already serving area residents.

29. An Entrepreneur • An entrepreneur is about the person, not the type of business • Some Characteristics of Entrepreneurs • Creative • Innovative • Problem Solving • Resourceful • These are also characteristics employers are seeking from employees in other sectors of the economy

30. Entrepreneur Activity Rates by StateSource: Kaufmann Foundation, Kaufmann Index of Entrepreneurial Activity 1996-2007

31. Three Types of Entrepreneurs • Lifestyle Entrepreneur • High Growth Entrepreneur • Serial Entrepreneur

32. Lifestyle EntrepreneursSource: Center for Study of Rural America Federal Reserve Bank of Kansas City

33. Lifestyle Entrepreneur • Main goal is to provide personal income or support a lifestyle • Create breadth in a community leading to a quality of life

34. High Growth Entrepreneur • Create and grow a new businesses • Add a significant number of jobs to a community while adding value to the local economy

35. Baby Einstein • Founder: Julie Aigner-Clark from her home in suburban Denver in 1997 • Julie and husband invested $18,000 of their saving to produce first video • Sold to Walt Disney Company in 2001

36. Serial Entrepreneur • Create a new venture and then sell it to create another venture • Motivation is the joy of creating ventures

37. Go Big Network Wil Schroter’s history: • Age 19, from OSU dorm started Blue Diesel sold it five years later • 1997 started Kelltech internet Services and sold it in three years • 2003 created Swaplease • Today is developing Go Big Network with offices in an OSU incubator

38. Supporting EntrepreneursSource: Center for Study of Rural America Federal Reserve Bank of Kansas City

39. Being an Entrepreneur Friendly Community

40. Building an Entrepreneur Friendly Community Program • A partnership between Ohio State University Extension, (name of organization delivering curriculum and (name of local sponsoring organization(s)) • Curriculum development funded by a grant from United States Department of Agriculture Rural Development Office

41. Building an Entrepreneur Friendly Community Program • Goal: To build the capacity of local leaders to build and maintain an environment that supports creation and development of entrepreneurs

42. Course Outline

43. Course Outline

44. Course Outline

45. Put your name and affiliation on this slide. Please also give credit to author and Ohio State University Extension Adapted from an original presentation created by: Myra Moss, Associate Professor Ohio State University Extension October 2008 Contact Information

46. Web-based Course Material You can view all the presentations and reports from the series by visiting: (Provide site name and web address, plus any directions to find materials once on the site)