Is your community ready to build an Entrepreneurial Ecosystem?
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We asked this question at the Growing Entrepreneurial Communities Summit in Kansas City in May and thought we'd share some of what we learned from the almost 250 participants. Communities that are ready to build an E-Ecosystem were described in this way: - They have embraced an entrepreneurial mindset - they are proactive, often driven forward by a crisis (e.g., loss of a major employer); they view risks, challenges and barriers as opportunities.
- They actively engage their entrepreneurs - they talk with them, understand their needs and use this intelligence to guide the work of building a stronger ecosystem.
- They have strong leadership, often in both public and private sectors - leadership was described as strong, positive, consistent, inclusive and as "systems leaders".
- They have created a place for everyone at the table - they engage all kinds of residents and leaders (formal and informal), including young people; they bring all stakeholders to the table to help overcome the silo mentality; they respect all the players even when they have not yet joined in the effort.
- There is ownership of entrepreneurial development by local government, economic development agencies or other organizations whose job it is to direct economic development efforts.
- They are in it for the long haul - they take a long view of the work of building a stronger ecosystem and economy; they celebrate early wins - even the small ones - to create positive momentum and stronger community support.
These readiness capacities are consistent with what we've observed working with communities all across the country for the past 15 years. What is equally interesting is that when asked about the obstacles to building a stronger E-Ecosystem, respondents pointed to the absence of capacities described above - lack of an entrepreneurial culture; lack of strong, positive leadership that is willing to challenge models from the past that aren't working anymore; inability (or lack of commitment) to engage diverse groups of people; not sure how to find and work with entrepreneurs; limited resources that aren't working well together. One take-away from the Summit is that by helping more communities become ready for ecosystem building, we are setting the stage for creating stronger economies and more prosperous communities. We can't forget about this important capacity-building step - it is foundational to developing an asset-based strategy that is rooted in the realities of a particular community and its region. We have tools to help begin this process and are looking for partners who can help us continue to learn and evolve our own answer to the question - when is a community ready to build an Entrepreneurial Ecosystem? Listen to one of our partners, Ines Polonius, CEO at Communities Unlimited, talk about community readiness. And, if you have thoughts on what it takes for a community to be ready for E-Ecosystem development, please let us hear from you - Don@e2mail.org or Deb@e2mail.org.
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Other Center News
Read some of the responses to Don's tweeted "dream exercise" at the Growing Entrepreneurial Communities Summit - where would you invest $1 million a year to strengthen your entrepreneurial ecosystem? And, visit our Summit page to access many of the Summit presentations.
Listen to Don talk about the intersection of community philanthropy and economic development on The Michael Chatman Giving Show.
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Field News
YOUTH NEWS
Read this blog post about another successful year of youth entrepreneurship activities at NetWork Kansas. And, check out these great photos! The Foundation for Rural Service (FRS) released its "2015 Rural Youth Telecommunications Survey," with a key finding that 72% of rural teens consider broadband Internet access as a determining factor in where they will ultimately decide to live. To learn more, register for this NREDA webinar on June 9, 2016, 1 pm ET.
An opinion piece on youth entrepreneurship from NetWork Kansas' Anne Dewvall - check it out here. Consistent with Anne's thinking, the Center is working with EntreEd in WV as the organization partners with several county school systems to demonstrate an "every child, every grade" strategy to expose young people to entrepreneurship. Watch future Center newsletters for an update! Check out what youth and young adults are creating in Kansas in the second newsletter from Fab Lab ICC.
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On the Road
Deb Markley will be in...
- New York, NY July 13 (tentative) for a meeting at the Foundation Center about measuring community leadership efforts by foundations
- Minot, ND June 13-15 for leadership succession planning with Vision West North Dakota
- Wichita, KS June 16 for a presentation to the NetWork Kansas Board
- McPherson, KS June 27 for a Leadership Workshop with NetWork Kansas
- Wisconsin (via webinar) July 15 for a presentation on Entrepreneurial Communities
- Des Moines, IA July 21 to work on Donor Development with the Iowa Community Affiliate Network
- Marshalltown, IA July 22 for a presentation on Legacy Giving to the Marshalltown Community Foundation
- Taos, NM July 24-25 giving a presentation on Prosperous Communities to the LOR Foundation board
- San Juan Basin, CO July 26-29 for fieldwork
- Des Moines, IA August 4 to participate in the Iowa Area Development Group Annual Conference
- Arizona, August 8-12 for presentations to the Arizona Rural Council 2016 Rural Policy Forum
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Leaders Needed
Ines Polonius describes the leadership needed to begin building e-communities in this short video. Join our YouTube channel after watching to get our newest videos!
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The home of Willa Cather and 1,020 residents strong, Red Cloud, NE is committed to a bright future. Community residents - and those who love the place but have moved away - have gifted $10 million over the last 20 years that is being invested to make heritage tourism into an economic development driver for the community. With strong leadership, restored historic buildings on Main Street and the anchor of the Cather Museum, Red Cloud is connecting community philanthropy and economic development to build a more prosperous future. The Center has been working on the heritage tourism opportunity with community leaders.
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Fellow of the Month
Emily Breedlove, owner of Small Town Ventures and co-founder and partner of Innovative Economies, LLC., is the Center's newest Fellow. Currently living and working in western North Carolina, Emily brings marketing, business and rural development experience to her work helping communities better support entrepreneurs. To learn more about Emily's perspective on building entrepreneurial ecosystems, check out her presentation at the Growing E-Communities Summit in Kansas City.
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