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Office of Planning & Budget NESPAL, June 19, 2002

Office of Planning & Budget NESPAL, June 19, 2002. Georgia Institute of Technology. Advanced Technology Development Center (ATDC) 1980 Incubators in Atlanta (10 th St. & GCATT) Middle Georgia Tech. Dev. Center in Warner Robbins Economic Development Institute Regional Office Network

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Office of Planning & Budget NESPAL, June 19, 2002

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  1. Office of Planning & Budget NESPAL, June 19, 2002

  2. Georgia Institute of Technology • Advanced Technology Development Center (ATDC) 1980 • Incubators in Atlanta (10th St. & GCATT) • Middle Georgia Tech. Dev. Center in Warner Robbins • Economic Development Institute • Regional Office Network • Center for Economic Development Services (CEDS) • Georgia Rural Economic Development Center

  3. Job Creation Alternative • Heavy emphasis on recruitment • Recent help for existing industry • Most communities drop the ball when it comes to entrepreneurs

  4. ENet Established To Assist Communities

  5. ENet Provides Structure and Methods • Entrepreneur Development Programs • Business Incubation Strategy

  6. Entrepreneur Development Programs • Build awareness • Build support infrastructure • Research and help implement new initiatives

  7. Community Entrepreneur Assistance • How do you create the culture that promotes the development of entrepreneurs? • What are the standards? • How can you assess community entrepreneur readiness?

  8. Entrepreneur Hierarchy of Needs

  9. Entrepreneur Readiness Assessment (ERA) • Recently developed by ENet and GREDC • Examines: • Existing entrepreneur environment • Entrepreneur assistance • Financial resources • Potential entrepreneur development opportunities • Blueprint for future community activity • See handout

  10. Entrepreneur Readiness Assessment • Tattnall County • Beta site • ERA needed everywhere • Few communities that will now be considered “entrepreneur ready” • See handout for summary of Tattnall report

  11. Involve leadership Build community awareness & support Build local resources Network with existing service providers Start new programs: Entrepreneur support teams Mentors Youth programs Angel funding networks Incubator “without walls” Incubator ENet Can Help

  12. Entrepreneur Development Efforts • Cherokee County • Toombs/Montgomery Counties • GREDC & ENet • Coffee County • Hall County • Discussions with several more • Everyone receptive

  13. Toombs/Montgomery Counties

  14. Toombs/Montgomery CountiesEntrepreneur Support Team Mission Statement • The Toombs-Montgomery Entrepreneur Support Team is committed to promoting and supporting entrepreneur development to create and retain high quality jobs and investment in the Toombs-Montgomery County area. Program supported by GREDC and ENet

  15. Incubation Strategies • Educate • Investigate feasibility • Plan program • Funding • Help with facility • Operations • Ongoing evaluations

  16. Understanding Incubation • Key is services not facility • Setting realistic expectations • Realistic financial projections • Marketing • Understanding operations

  17. Community Incubator Readiness Assessment • Tool developed by EDI • Is the community ready for an incubator feasibility study? • Helps to educate community • Community is scored to show their readiness • Blueprint for further action

  18. Incubation Efforts • Americus/Sumter County • Columbus • Savannah Technology Effort • Dooly/Crisp Counties Empowerment Zone • Tift County NESPAL “Technology Development Center”

  19. Incubator Facilities • Staffed incubators can serve region entrepreneur development needs • NESPAL TDC in Tifton first model • ATDC ENet will staff and manage

  20. Statewide Momentum Building • Many players, little awareness & coordination • More talk about entrepreneur development • Communities frustrated by expense and lack of results with traditional economic development

  21. Collaborative Efforts • ENet Advisory Council • National Business Incubation Association • Center for Rural Entrepreneurship

  22. ENet Advisory Council • To promote entrepreneur development efforts in Georgia • Inform, coordinate and innovate • Inclusive group with quarterly meetings

  23. Numerous communities UGA UGA- SBDC Several Tech colleges GT EDI ATDC OneGeorgia DTAE DCA DITT EDA Georgia EMC GEDA Anyone interested! How about OPB? ENet Advisory Council Members

  24. Georgia Economic Developers Association • Entrepreneur Development Task Force established • Recent report to GEDA Board • “entrepreneur effort is greatly needed, especially in rural areas”

  25. National Collaboration

  26. National Business Incubation Association • International Conference In Toronto, Canada • Presented on “Building your Community’s Entrepreneur Infrastructure”

  27. Dinah Adkins, President NBIA • “more focus on services… it’s not the facility” • “need better integration into community”

  28. Upcoming Opportunities:

  29. ATDC- ENet Summary • More agencies/communities interested • Provide communities with a structure and methods • ENet Advisory Council - collaboration • Several promising pilot programs underway, both for entrepreneur development and incubation

  30. Help Spread the Gospel! • Entrepreneurs Work!

  31. Office of Planning & Budget NESPAL, June 19, 2002

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