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Spring 2005 Symposium March 30, 2005 WRDC

Energizing Rural Communities Through Entrepreneurship. Spring 2005 Symposium March 30, 2005 WRDC. Don Macke Co-Director. American Legacy. Eleanor Roosevelt. Henry Ford. Tupelo, MS. Bill Gates. Mayo Clinic. E 2 What? Case E Talent Pathways. Model Practices California

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Spring 2005 Symposium March 30, 2005 WRDC

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  1. Energizing Rural Communities Through Entrepreneurship Spring 2005 SymposiumMarch 30, 2005WRDC

  2. Don MackeCo-Director

  3. American Legacy Eleanor Roosevelt Henry Ford Tupelo, MS Bill Gates Mayo Clinic

  4. E2 What? Case E Talent Pathways Model Practices California Colorado/Wyoming Great Plains Kansas West Virginia Today’s Presentation

  5. What? Successes! Why? OVERVIEW

  6. WHAT IS ENTREPRENEURSHIP?

  7. Origins of Change Failing Strategies Performing Strategies

  8. Research

  9. Policy Shops

  10. Growth Entrepreneurs • 2/3 of New Job Creation • 2/3 of Business Growth • 2/3 of Innovation National Commission on Entrepreneurship

  11. Industrial Attraction: • Annual Job Loss 7-8% • Job Creation: • Business Expansions 55% • Business Startups 44% • Business Relocations 1% David Birch

  12. Community Wisdom. . . . • Rural Challenges and Decline • Loss of Natural Resource Industries • Erosion of Business Attraction Opportunity • Challenges with Small Businesses “Bottomline, the development strategies that got us to the 21st Century are not getting the job done today.”

  13. Proof from the Field. . . . • Humboldt County, California • Jefferson County, Washington • Wyoming • Tupelo, Mississippi • Fairfield, Iowa • Littleton, Colorado • Down East Maine • Kentucky Highlands • Douglas, Georgia • Kearney, Nebraska

  14. Douglas, Georgia Fact Sheet. . . • Georgia Entrepreneur-Friendly Communities • Part of Georgia Tech’s E-Net Program • Population 38,000 • Focused Entrepreneur Revenue Strategy • Population Grew by 30% (1990-2002) • Employment Grew by 47% (1990-2002)

  15. Kearney, Nebraska Fact Sheet. . . • Rural Central Nebraska • Second Fastest Growing Community in Nebraska • Long-Term Home Grown Strategy • Diversified Economy • Knowledge Economy • Adding Jobs Faster than Population • Futures Process

  16. ENTREPRENEURIAL TALENT “By understanding the entrepreneurial talent present in your community, it is possible to be more strategic in shaping an economic development program.”

  17. Entrepreneurial Talent Entrepreneurial Growth Companies Entrepreneurs Serial Es Growth-Oriented Business Owners Restarts Lifestyle Survival Potential Entrepreneurs Startups Aspiring Dreamers Frustrated Youth Want to be An Employee Not Working Limited Potential Can’t Work

  18. Likely Opportunity Markets Aspiring Restarts Startups Transfers Growth Oriented

  19. PATHWAY STRATEGIES “Pathways provide a way for entrepreneurs to develop and succeed in this creative process of visioning and growing ventures.” Center Research

  20. Aspiring and Startups • Characteristics: • Motivated to Change Life • An Idea (exploring an) • Unsure, Afraid • Secretative • Don’t Know How to Proceed • Needs & Wants: • Moral Support • Ideal Processing • Self-Awareness • Risk Assessment • Framework for Going Forward • Good Personal Choice • Viable Concept • Stories: • Lilly Warren • Cody Foster • Shirley Williams • Rah Trost • Brenda Emery • Strategies: • REAP – NE • Sirolli – KS • WV Options – WV • NC Real Enterprises – NC • Shenandoah, IA • Best Practices: • Listener • Coach or Facilitator • Sorting Out Framework • Business Planning • Eship Course • Feasibility Study • Counseling • Why? • Moral Support • Opportunity • Equity • Diversity • Pipe Line • Creativity

  21. Aspiring and Startups • Needs & Wants: • Moral Support • Ideal Processing • Self-Awareness • Risk Assessment • Framework for Going Forward • Good Personal Choice • Viable Concept • Characteristics: • Motivated to Change Life • An Idea (exploring an) • Unsure, Afraid • Secretative • Don’t Know How to Proceed • Stories: • Lilly Warren • Cody Foster • Shirley Williams • Rah Trost • Brenda Emery • Strategies: • REAP – NE • Sirolli – KS • WV Options – WV • NC Real Enterprises – NC • Shenandoah, IA • Best Practices: • Listener • Coach or Facilitator • Sorting Out Framework • Business Planning • Eship Course • Feasibility Study • Counseling • Why? • Moral Support • Opportunity • Equity • Diversity • Pipe Line • Creativity

  22. Aspiring and Startups • Characteristics: • Motivated to Change Life • An Idea (exploring an) • Unsure, Afraid • Secretative • Don’t Know How to Proceed • Best Practices: • Listener • Coach or Facilitator • Sorting Out Framework • Business Planning • Eship Course • Feasibility Study • Counseling • Needs & Wants: • Moral Support • Ideal Processing • Self-Awareness • Risk Assessment • Framework for Going Forward • Good Personal Choice • Viable Concept • Stories: • Lilly Warren • Cody Foster • Shirley Williams • Rah Trost • Brenda Emery • Strategies: • REAP – NE • Sirolli – KS • WV Options – WV • NC Real Enterprises – NC • Shenandoah, IA • Why? • Moral Support • Opportunity • Equity • Diversity • Pipe Line • Creativity

  23. Growth Oriented • Characteristics: • Existing Businesses • Successful • Motivation to Grow • Clear Venture Ideas (Products, Services & Markets) • A Risk/Gain Challenge • Needs & Wants: • Space • Growing vs Running Business • Market Research • Growth Plan • Venture Capital • Stories: • Good Life Pharmacy • Krotter Inc. • Sky West Airlines • Cabellas • Fairfield Direct • Strategies: • AceNet • GROW Nebraska • Kentucky Highlands • Northern Initiatives • Fairfield, IA • Littleton, CO • Best Practices: • Mentors • Peer Group • Advisory Board • Customized Technical Assistance (Real Time Growth Plan) • Capital Access • Why? • They Are There • They Might Leave • They Might Not Act • Development Impact • Environment

  24. Growth Oriented • Needs & Wants: • Space • Growing vs Running Business • Market Research • Growth Plan • Venture Capital • Characteristics: • Existing Businesses • Successful • Motivation to Grow • Clear Venture Ideas (Products, Services & Markets) • A Risk/Gain Challenge • Stories: • Good Life Pharmacy • Krotter Inc. • Sky West Airlines • Cabellas • Fairfield Direct • Strategies: • AceNet • GROW Nebraska • Kentucky Highlands • Northern Initiatives • Fairfield, IA • Littleton, CO • Best Practices: • Mentors • Peer Group • Advisory Board • Customized Technical Assistance (Real Time Growth Plan) • Capital Access • Why? • They Are There • They Might Leave • They Might Not Act • Development Impact • Environment

  25. Growth Oriented • Characteristics: • Existing Businesses • Successful • Motivation to Grow • Clear Venture Ideas (Products, Services & Markets) • A Risk/Gain Challenge • Best Practices: • Mentors • Peer Group • Advisory Board • Customized Technical Assistance (Real Time Growth Plan) • Capital Access • Needs & Wants: • Space • Growing vs Running Business • Market Research • Growth Plan • Venture Capital • Stories: • Good Life Pharmacy • Krotter Inc. • Sky West Airlines • Cabellas • Fairfield Direct • Strategies: • AceNet • GROW Nebraska • Kentucky Highlands • Northern Initiatives • Fairfield, IA • Littleton, CO • Why? • They Are There • They Might Leave • They Might Not Act • Development Impact • Environment

  26. Targeting Development Discovery Prioritization Management Identification External Resource Team Coach Local Resource Team Visitation Portfolio Pathway Strategies Support

  27. Active Learning Sites High Engagement Collaborate Tracking Activity

  28. Model Practices • California • Colorado/Wyoming • Great Plains • Kansas • West Virginia

  29. Economic Gardening • Littleton, Colorado – Urban • Wyoming – Rural • Very Sophisticated • Particularly Good with Markets • Littleton Results: • Doubled Number of Jobs • Tripled City Sales Tax-Revenues

  30. HTC

  31. Heartland Center for Leadership Development Who Are We?

  32. Putting the Pieces Together Entrepreneurship Capital Leadership Youth

  33. Orientation Elements of the Plan Readiness Performance Assessment Implementation Strategy Building

  34. Capacity & Layering • Limited Capacity • Categorical Programs • Layering Challenges • Decreases Capacity • Focused and Simple • Builds Capacity

  35. Active HTC Sites

  36. Results Hope Game Plan Capacity Building Impacts

  37. Sirolli’s Enterprise Facilitation • Five Regions in Rural Kansas • Simple and Direct Model • Can Foster Regional Collaboration • SE Kansas - June 2002 to March 2004 • 28 New Businesses • 9 Business Expansions • 2 Retentions • 118 net New Jobs

  38. Entrepreneurial League System • Developed in Kentucky • Adapted to Rural West Virginia • Baseball Model • Rationalizes Services • Customized for Entrepreneurs • Organizes Resource Providers

  39. don@ruraleship.org For More Information. . . . • Center for Rural Entrepreneurship – http://www.ruraleship.org • Ewing Marion Kauffman Foundation – http://www.emkf.org • RUPRI – http://www.rupri.org

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