Community-Based Models for
Entrepreneurship
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Community-Based Models - Community Development - Lecture Slides, Slides of Human Development
In the community development, we study the basic concept about the Foundations of Practice, Fostering Community, Labor Market: Community-Based Models, Entrepreneurship, Understanding, Implementing Elements, Explore Extension’S Role, Communities Implement, Principles, Supporting Youth Entrepreneurs, Entrepreneurial League System, Economic Gardening
Typology: Slides
2012/2013
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Community-Based Models for
Entrepreneurship
Objectives
- Increase understanding of community- based entrepreneurship models
- Learn how other communities are implementing elements of these models
- Explore Extension’s role in helping communities implement these principles
Introduction
- Economic Development 101
- We’ve been here before and communities have responded
- A new way to think about economic growth
- Economic Development
2007 Industrial Attraction
- IEDC announced 15 industrial location projects 75+ jobs)
- 91 local economic development organizations in Indiana
- 1 in 6 bagged an elephant
A New Model
Open
Source
Economic
Development
Innovation & Entrepreneurship
- Introduction of new products & processes each year
- Only 15% of businesses are typically innovators – usually have high growth trajectory
- When 50% of business are innovators you have an entrepreneurship/innovation culture
Not Always “High Tech”
- A BBQ restaurant starts bottling and selling sauce
- A dry cleaners develops a new “green” process and licenses the new process
- A beauty shop develops a new way to train stylists and goes nationwide http://www.acenetworks.org/upload_files/file/Regional%20Flavor%20June.pdf
Were finally beginning to learn about
Entrepreneurs
Think of Entrepreneurship
as a Horserace
Entrepreneurship: A Horse Race
- The Horse – The Business Idea
- The Jockey – The Entrepreneur
Entrepreneurship
- The Horse – The Business Idea
- The Jockey – The Entrepreneur
- The Track – The Community
The Entrepreneurship-Supportive
Community
- Supportive policy environment
- History, culture, institutional memory
- Attitudes about failure
- Collaborative support organizations
- Celebrate entrepreneurs
- An information-rich environment
Who’s Job Is it to Tend
to the Track?
- Chamber
- LEDO
- Elected Officials
- Banks
- Schools/University
- Extension
- ???????