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Launching Charlotte’s Entrepreneurial Platform

Launching Charlotte’s Entrepreneurial Platform. Seven “C’s” Connectivity Corporations Clusters Capital Champions Culture/Climate Competitive advantage www.c harlottechamber.com/about-the-chamber/2011-entrepreneurs-summit /. Charlotte Entrepreneurial Alliance (CEA).

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Launching Charlotte’s Entrepreneurial Platform

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  1. Launching Charlotte’s Entrepreneurial Platform

  2. Seven “C’s” Connectivity Corporations ClustersCapitalChampionsCulture/ClimateCompetitive advantage www.charlottechamber.com/about-the-chamber/2011-entrepreneurs-summit/

  3. Charlotte Entrepreneurial Alliance (CEA) The CEA'sfocusis to support, coordinate, represent and inspire high-growth business at all stages of development with an emphasis on technology, energy, finance and social entrepreneurial ventures.

  4. Charlotte Regional Foundation for Entrepreneurship(CRFE) • A non-profit foundation dedicated to building the capacity for a thriving entrepreneurial ecosystem in the Charlotte Region • The CRFE will provided funding for high impact non-profit organizations and initiatives dedicated to supporting the long-term growth and capacity of early stage, high growth entrepreneurs in the Charlotte region

  5. Cornerstone Fund • Equity investment fund targeting high growth, early stage entrepreneurial investment opportunities • Partnership opportunity with Blackstone Entrepreneurial Network; mentoring/coaching • Leverage statewide assets and resources to invest in and grow entrepreneurial ventures across North Carolina, with a focus in the Charlotte, Triad and Triangle regions

  6. Charlotte Chamber High Growth Entrepreneur Roundtable Discussion • Cultivate connectivity between the corporate community and high growth entrepreneurs…to leverage access to corporate intellectual capital, and build local vending opportunities between Charlotte corporations and Charlotte high growth entrepreneurs • Build a platform that establishes Charlotte as an entrepreneurial hub that attracts venture capital funding, that continually grows over time…proactively position Charlotte’s assets outside of Charlotte • Convene and facilitate conversations and awareness building in the broader business community • Facilitate conversations in the public policy arena that could lead to localized incentives to support/lower barriers to attracting and growing Charlotte entrepreneurs

  7. PowerUp Entrepreneurship Challenge A mentor from the Charlotte Chamber’s Board of Directors Accounting Support provided: BoatsmanGillmore Marketing Support from: Boone Oakley Legal Support: Wishart, Norris, Henninger and Pittman $25,000 cash grant provided: Duke Energy

  8. Charlotte ChamberSAVE THE DATE • October 10th Summit • Time: 8:30 am – 3:00 pm • Location: Harris Conference Center • Desired Outcomes: • Updates on progress since October 2011 summit • Showcase successful Charlotte corporate/local entrepreneur ventures • Build connections between Charlotte corporate s and local entrepreneurs www.charlottechamber.com/events

  9. Charlotte ChamberSAVE THE DATES August 22nd – Financing for Micro Entrepreneurs and Small Businesses Time: 11 am-2:00 pm Location: Federal Reserve, Trade Street Desired Outcome: • Gain insight on how micro financing, and SBA loans can provide working capital to micro-entrepreneurs and small businesses • Opportunity to meet with lenders and resource providers October 30th Equity Financing and Exit Strategy for Entrepreneurs Time: 8:30 am – 3:00 pm Location: TBD Desired Outcome: • Showcase financing options for entrepreneurs • Continue to build connections between Charlotte corporate and local entrepreneurs www.charlottechamber.com/events

  10. Economic Impact of Entrepreneurs • A 25-30% average revenue growth rate over each of the last three years • A projected aggregate total of $650 million in revenue for 2012 with a growth rate of 30% over 2011 • A 25% growth rate in employment with projected 622 new jobs in 2012 for the reporting companies • An average of 30 employees per company over the last three years, with an average salary of $55,000 annually • Fifty percent (50%) of the companies reporting are less than five years old; 80% are less than ten years old Source: Business Innovation & Growth (B.I.G.); Survey of 94 high growth companies led by entrepreneurs in the Charlotte, NC region

  11. Jim CliftonThe Coming Jobs War • Entrepreneurs are the game changers in a challenged economy with demonstrated results • When national, city entrepreneurial spirit is high, and resident engagement is high, breakaway GDP and job growth follow • Cities (like)Charlotte are where the right mix of elements convene to stimulate entrepreneurial economic impact • Talent migrates to cities that are most likely to maximize innovation and entrepreneurial ideas....leading to job creation

  12. Vision Charlotte, a hub with a vibrant entrepreneurial ecosystem that drives economic expansion and cutting edge business development

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