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Knowledge Clusters and Entrepreneurship Conference

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Energizing Entrepreneurship in Rural Communities Deborah Markley Co-Director Rural Policy Research Institute Center for Rural Entrepreneurship Key Questions Addressed ... – PowerPoint PPT presentation

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Title: Knowledge Clusters and Entrepreneurship Conference


1
Energizing Entrepreneurship in Rural Communities
  • Deborah Markley
  • Co-Director
  • Rural Policy Research Institute Center for Rural
    Entrepreneurship

2
Key Questions Addressed in Presentation
  • Why entrepreneurship as a rural economic
    development strategy?
  • Whats unique about entrepreneurship in rural
    places?
  • What have we learned about innovative practices
    in rural entrepreneurship development?

3
Reality in Many Rural Communities
  • Shuttered factories
  • Abandoned/marginal farms
  • Closed stores on Main Street
  • Out-migration of the best and brightest
  • Aging populations
  • Inadequate infrastructure to support the new
    economy

4
Why entrepreneurship as a rural economic
development strategy?
  • Failure of traditional economic development
    approaches to generate economic prosperity in
    most rural places.
  • Positive relationship between economic growth and
    entrepreneurship.

5
Failed Traditional ED Approaches
  • Industrial recruitment and commodity dependency
    have failed to create growth in most rural
    places. USDAs ERS shows
  • Nonmetro employment ? in 2000-2001 compared to
    urban.
  • Rural south ? manufacturing jobs
  • 200 rural counties had poverty rates of gt 20 for
    past 40 years.

6
Economic Growth and Entrepreneurship
  • Evidence of importance of entrepreneurs for
    economic growth
  • Positive relationship between entrepreneurship
    and economic growth found in Global
    Entrepreneurship Monitor (GEM) 2000.
  • GEM 2002 found that no countries with high levels
    of entrepreneurial activity experienced low
    levels of economic growth.
  • Small enterprises create most of the new jobs and
    innovations in our economy.

7
Whats Unique about Entrepreneurship in Rural
Places?
  • Culture does not always support entrepreneurship.
  • Isolation from markets, service providers, and
    other entrepreneurs.
  • Limited opportunities for mentoring and
    networking.
  • Lack of capital and other support infrastructure.
  • Fewer growth and serial entrepreneurs.

8
What have we learned about innovative practices
in rural entrepreneurship development?
  • Intentionally focused on identifying and
    supporting entrepreneurs as they create and grow
    their enterprises.
  • Intentionally focused on creating an environment
    that is supportive of entrepreneurs and their
    enterprises entrepreneurial culture.

9
Keys to Successful Practice
  • Asset-based approach
  • Entrepreneur-focused and community-based
  • Strategic
  • Provide the basics
  • Access to resources

10
Asset-based Approach
  • Assessment of community/regional assets to
    support entrepreneurship
  • Infrastructure
  • Leadership
  • Entrepreneurs
  • Support providers
  • Model practice Georgias Community Entrepreneur
    Network

11
Entrepreneur-focused and Community-based
  • Who are your entrepreneurs?
  • What are their skills?
  • What support do they need?
  • Model practice Home Town Competitiveness

12
Strategic
  • Understanding entrepreneurial talent
  • Targeting to entrepreneurial talent
  • Encouraging/supporting sector-specific and
    cluster approaches
  • Model practice Appalachian Center for Economic
    Networks (ACEnet)

13
Provide the Basics
  • Customized assistance
  • Support and community infrastructure
  • Networking opportunities
  • Model practice Economic Gardening in Littleton,
    Colorado

14
Systems Approach to Accessing Resources
  • Identifying resources available regionally and
    statewide
  • Providing a mechanism to connect entrepreneurs to
    the resources they need, when they need them
  • Model practice Entrepreneurial League System

15
Entrepreneurship as a Rural Economic Development
Strategy A Movement?
  • State policy initiatives
  • Kansas
  • Georgia
  • North Carolina
  • Iowa
  • Nebraska
  • Kentucky
  • Wyoming
  • Washington

16
A Movement?
  • Overwhelming response to the Kellogg
    Entrepreneurship Development System RFP
  • Tracking initiatives in 38 states and many rural
    communities
  • Beginning to organize a practitioners network of
    25 top entrepreneurship development practitioners
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