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ExCEED University of Missouri Extension Community Economic and Entrepreneurial Development

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Applies to attracting new enterprises -- goods-producing and knowledge-based ... to industrial recruitment, it is based on knowledge workers and a culture of ... – PowerPoint PPT presentation

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Title: ExCEED University of Missouri Extension Community Economic and Entrepreneurial Development


1
ExCEED University of Missouri ExtensionCommunity
Economic and Entrepreneurial Development
2
ExCEEDs Purpose
  • Build awareness of entrepreneurship as an
    economic development strategy.
  • Assist communities in supporting, encouraging and
    facilitating entrepreneurship.
  • Enhance communitys 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
Ozark Heritage Region
  • Focusing on youth
  • Engaged 15 school districts in Year 1 11 in Year
    2
  • Student business competition
  • 15 student-led businesses

South Central Career Center, CC Café 2007 1st
Place Project
  • Youth will be followed to determine impact of
    entrepreneurship education on their
    career/location choices

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_at_missouri.edu
  • Web http//extension.missouri.edu/ceed/
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