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ExCEED University of Missouri Extension Community Economic and Entrepreneurial Development

ExCEED University of Missouri Extension Community Economic and Entrepreneurial Development ExCEED’s Purpose Build awareness of entrepreneurship as an economic development strategy. Assist communities in supporting, encouraging and facilitating entrepreneurship.

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ExCEED University of Missouri Extension Community Economic and Entrepreneurial Development

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  1. ExCEEDUniversity of Missouri ExtensionCommunity Economic and Entrepreneurial Development

  2. ExCEED’s Purpose • Build awareness of entrepreneurship as an economic development strategy. • Assist communities in supporting, encouraging and facilitating entrepreneurship. • Enhance community’s economic base and quality of life. • Participate in the development of vibrant rural economies. Facilitate collaborations between the University of Missouri Extension and communities throughout the state.

  3. We believe…. • The economy does not and cannot function separately from the community. • Addressing the local economy without considering the impacts on the community as a whole is an ineffective, possibly even dangerous, use of resources.

  4. Community Development • Involves all aspects of improving community organizational capacity -- business development, workforce development, development of markets, and investments in infrastructure, downtown areas, gateways, business parks, speculative buildings and/or public/private partnership opportunities. • These provide the underpinnings for a strong and vibrant social and economic interaction.

  5. Contemporary Economic Development • Is broad and comprehensive • Applies to attracting new enterprises -- goods-producing and knowledge-based • In contrast to industrial recruitment, it is based on knowledge workers and a culture of innovation rather than cheap land and labor • Includes attracting “business anchors” such as senior housing, educational enterprises, and visitors and retirees – less traditional, but effective, ways of increasing the flow of external resources into the local economy.

  6. Why Entrepreneurship? • Once ignored because impacts where small and diffused, today entrepreneurship is thought of as “economic gardening” rather than “hunting” (industrial recruitment). • Business growth and sustaining health of existing businesses is an important component in this contemporary approach to economic development.

  7. Rebuilding the Economic Development Pyramid Source: Brian Dabson, RUPRI

  8. Why Entrepreneurship? • Entrepreneurship is responsible for: • 70% of economic growth and new job creation • Considering job creation: • Business Expansion -- 55% • Business Startup -- 44% • Business Relocation -- 1% • Positive relationship between economic growth and entrepreneurship (GEM report) Source: “Job Creation in America: How our Smallest Companies Put the Most People to Work”, David Birch, Fortune, 2002

  9. Common Community Issues • Leadership capacity • Team building • Collaboration-building • Access to capital (adults & youth) • Downtown revitalization • School system engagement • Research, evaluation & analysis

  10. Challenges • Economies of scale hard to achieve • Poor connections to markets • Limited opportunities for networking • Multiple causes of limited participation in new economy • Increasing consolidation trend • Lack of capital

  11. ExCEED Regional Projects NW MO NE MO RBOG Brookfield Chariton County Old Trails Show Me E! MRH BYOB All Natural Ozark Heritage SMEDA

  12. Brookfield • Using HTC approach • Community Foundation established • Leadership program underway • Entrepreneur network • Existing business visitation program • Provider Network under development • Youth entrepreneurship education & mentorship • Downtown Revitalization initiative

  13. Chariton County • Focusing on youth -- MYOB • Curriculum provided to schools • Workshops for youth • Youth-owned businesses started • Workshops/training for teachers • Leadership Program – youth & adult • Revolving Loan Program for youth

  14. Mississippi River Hills • Missouri Cuisines Project • Marketing region (Ex: regional maps) • Developing Quality Standards and regional label of origin • Restaurants, local and outside the region, are using products grown or produced in region. • Workshops for local businesses • Association established • Youth entrepreneurship

  15. Northwest Missouri • Tourism/Agri-Tourism • Business Development • Youth = young farmers • Network of resource providers including local banks • Working with local schools on entrepreneurship curriculum Wind Farm

  16. Focusing on youth Engaged 15 school districts in Year 1; 11 in Year 2 Student business competition 15 student-led businesses Youth will be followed to determine impact of entrepreneurship education on their career/location choices Ozark Heritage Region South Central Career Center, CC Café 2007 1st Place Project

  17. ExCEED Program Outcomes As of June 30, 2008

  18. Sharon Gulick, Director ExCEED Program University of Missouri Extension 222 Gentry Hall Columbia, MO 65211 Phone: (573) 884-0669 Email: GulickS@missouri.edu Web: http://extension.missouri.edu/ceed/

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