Growing Entrepreneurs in Rural America

1
Growing Entrepreneurs in Rural America
2
(No Transcript)
3
Non-Metro Counties with High Poverty - 2000
4
(No Transcript)
5
(No Transcript)
6
Community and Junior Colleges
Universities
CDCs and Lenders
Service Providers
7
Town Halls One-Stop Centers Chambers of
Commerce Libraries
Economic Development Offices Banks CPA
Offices Fire Stations
8
Business Leaders
Elected Officials
Chambers, EDAs, Non-Profits, Civic Clubs
Champions
Schools
Citizen Leaders
9
Planning and Design (STDI)
Market Driven
Outside Perspectives (First Impressions)
Assets
Resources
Diverse Array of Community Leaders
10
Entrepreneur Friendly Barriers Removed
Access to Capital and Financing
Local Counseling Business Mentors
Entrepreneur/Youth Education/Training
Incubator, Internet, Technical Access
Entrepreneur Market Strategies
And Much More
11
Strong Rural Networks
Second-Stage Growth Opportunities
Access to Venture Capital
COMMUNITY PRACTICES INNOVATION-LED ECONOMIC
DEVELOPMENT ECONOMIC GARDENING
12
Innovation and Productivity

• Small businesses account for more than 80 of new
  jobs
• Small technology companies create 4-5 additional
  jobs for every 1 company job
• Fast growing new firms, and the highly motivated
  entrepreneurs that lead them, are crucial for
  economies
• High performance companies create high
  performance jobs that result in high performance
  communities

Source A Discussion With Vijay Vaitheeswaran,
The Economist print edition, October 11, 2007.
13
Regional Initiatives

• Commit to an innovation-led strategy
• Develop climate for innovation
• Develop crucible for entrepreneurship
• Build smart money capital network

14
Regional Innovation Commercialization
Activities
ENTREPRENEURS
Monthly meetings of service providers and
entrepreneurs for training/webinars
ILED and MyBiz training for Network Navigators,
economic developers, elected officials and
other community leaders
TECHNOLOGY
CAPITAL
Monthly lunch to showcase emerging technology,
innovative companies, RD
Monthly meetings of Capital Coalitions
and quarterly meetings of Angel investor groups.
15
Mississippi Innovation Network
a statewide network of community networks
16
As the system looks to entrepreneurs
17
Working as a System of Support
18
MyBiz Network

• Integrated, clear and transparent, System Of
  Support (no wrong door)
• Locally, Regionally, Statewide
• Step 1 Connect Map
• Step 2 Communicate Link
• Step 3 Collaborate Strengthen Grow
• Guide and connect entrepreneurs to resources
• Expand access to resources

19
(No Transcript)
20
(No Transcript)
21
21
22
22
23
23
24
Performance Feedback
1 2 3 4 5 (1 Poor, 5 Excellent)
Registration Process
Resource Navigator
Finance Flyby
Community Connections
Library
Resource Directory
Network Navigators
Training Calendar
Events Calendar
Business Idea
Start a Business
Comments
The resource navigator part was really helpful.
With the information it provided, I was able to
find the correct number to the power company here
in Killen, MS to get my lights turned on at my
new business.
SUBMIT
24
25
MyBiz.am/presentation.html Bill Crawford
tmibill_at_bellsouth.net Lyn Stabler
lstabler_at_technologyalliance.ms Chris Reed
tmichris_at_bellsouth.net Bruce Hanson
bhanson_at_eastms.edu Shane Givens
sgivens_at_cba.ua.edu