Building An Entrepreneur Friendly Community
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Transcript of Building An Entrepreneur Friendly Community
Building An Entrepreneur Friendly Community
Insert Community Name Insert Presentation Date
Overview
Presentation Goals
• Raise the awareness regarding the value of entrepreneur based employment in (name of community)
• Identify the community support necessary to build a knowledge economy
• Outline the “Building an Entrepreneur Friendly Program” of Ohio State University Extension and (name of organization delivering curriculum)
Economy Transitions
• An Agriculture Economy
• A Manufacturing Economy
• A Knowledge-based Economy
A Manufacturing Economy
(Name of Community) Trends
President Eisenhower and the 50’s
What major construction program didPresident Eisenhower initiate that
changedthe American economy?
The Interstate Highway System
• Began with the National Interstate and Defense Highways Act of 1956
• Three states claim to be the first stretch of interstate highway
1. Missouri signed first three construction contracts on August 2, 1956
2. Kansas first to start paving on September 26, 19563. Pennsylvania Turnpike piece opened on October 1, 1940
Local Community Quarterly Employment: 1995-2006
Source: Ohio Bureau of Labor Market Statistics
State & county annual average employment for 12 years.
Total Employment 2006: 12,262
Total Employment 1995: 10,223
(Name of Community) Quarterly Employment: 4th Quarter 2007 compared to 2001
Source: Ohio Bureau of Labor Market Statistics
Health Care & Social Assistance 3001/2734
Retail trade 1515/1885
Accommodation & Food Services 923/971
Utilities 809/839
Manufacturing 628/1021
Construction 534/405
FIRE 454/423
Administrative & Waste Services 354/151
Other 354/324
Transportation & warehousing 244/327
Wholesale Trade 230/206
Information 96/145
Professional & Technical Services 93/83
Agriculture and Forestry 45/44
Arts, entertainment and recreation 44/28
(Name of Community) Manufacturing
Source: Ohio Bureau of Labor Market Statistics
Summary Profile For: Community Name (View Map)NAICS Code: 31-33 - Manufacturing
NA=suppressed due to confidentiality
Item Type(definitions)
Number of Establishments
AllEmployees
Total Wages (in thousands)
Average Annual Wage
2000 20 1,065 $37,492 $35,217
2001 20 992 $35,415 $35,716
2002 19 1,010 $36,665 $36,299
2003 23 953 $31,846 $33,434
2004 25 874 $32,534 $37,214
2005 24 789 $27,508 $34,879
2006 21 657 $26,062 $39,688
Absolute Change2000-2006
1 -408 $-11,430 $4,471
Percent Change2000-2006
5.0% -38.3% -30.5% 12.7%
(Name of Community) Administrative Services
Source: Ohio Bureau of Labor Market StatisticsSummary Profile For: Name of Community (View Map)
NAICS Code: 56 - Administrative and waste servicesNA=suppressed due to confidentiality
Item Type(definitions)
Number of Establishments
AllEmployees
Total Wages (in thousands)
Average Annual Wage
2000 25 209 $2,963 $14,209
2001 26 197 $2,903 $14,759
2002 29 406 $5,840 $14,385
2003 32 441 $6,782 $15,373
2004 32 377 $6,713 $17,815
2005 28 330 $6,349 $19,259
2006 25 299 $5,189 $17,351
Absolute Change2000-2006
0 90 $2,227 $3,142
Percent Change2000-2006
.0% 43.1% 75.2% 22.1%
(Name of Community) Information
Source: Ohio Bureau of Labor Market Statistics
Summary Profile For: Name of community (View Map)NAICS Code: 51 - Information
NA=suppressed due to confidentiality
Item Type(definitions)
Number of Establishments
AllEmployees
Total Wages (in thousands)
Average Annual Wage
2000 7 133 $3,529 $26,636
2001 8 144 $3,602 $25,104
2002 8 151 $3,713 $24,549
2003 8 156 $3,732 $23,886
2004 8 154 $3,817 $24,719
2005 7 96 $2,885 $29,918
2006 9 93 $2,996 $32,105
Absolute Change2000-2006
2 -40 $-533 $5,469
Percent Change2000-2006
28.6% -30.1% -15.1% 20.5%
(Name of Community) County Healthcare & Social Assistance
Source: Ohio Bureau of Labor Market Statistics
Unavailable
Number of Workers by Size of Firm Source: Ohio Bureau of Labor Market Statistics
Size of Firm Number of Workers
2007/2004
Four and under 513/603
5-9 880/809
10-19 1011/993
20-49 1285/1459
50/99 1303/1345
100-249 1425/1202
250-499 1408/1833
500-999 Suppressed to maintain confidentiality.
One thousand and over Suppressed to maintain confidentiality.
Number of Establishments by Size of Firm Source: Ohio Bureau of Labor Market Statistics
Size of Firm Number of Establishments
2007/2004
Four and under 314/331 (-90 jobs)
5-9 134/121 (+71 jobs)
10-19 77/77 (+18 jobs)
20-49 46/49 (-174 jobs)
50-99 20/19 (-42 jobs)
100-249 11/10 (+203 jobs)
250-499 4/6 (-425 jobs)
500-999 Suppressed to maintain confidentiality
One thousand and over Suppressed to maintain confidentiality
Group Discussion
Based on the previous information:
• How would you describe the (community name) business community?
• What is the impact of small firms in (community name) economy?
State Job Outlook 2014 Source: Ohio Bureau of Labor Market Statistics
-77.7
-9.1
4.9
18.0
21.9
22.4
24.8
46.6
47.0
60.8
123.0142.0
-100 -50 0 50 100 150
Education & Health Serv
Prof. & Business Services
Leisure and Hospitality
Government
Wholesale & Retail Trade
Construction
Financial Activities
Other Services
Transportation & Utilities
Information
Natural Resources
Manufacturing
Thousands
(Name of Community) Professional Services
Source: Ohio Bureau of Labor Market Statistics
Summary Profile For: Name of Community (View Map)NAICS Code: 541 - Professional and technical services
NA=suppressed due to confidentiality
Item Type(definitions)
Number of Establishments
AllEmployees
Total Wages (in thousands)
Average Annual Wage
2000 26 80 $1,432 $17,879
2001 27 81 $1,488 $18,314
2002 26 82 $1,457 $17,809
2003 NA NA NA NA
2004 NA NA NA NA
2005 NA NA NA NA
2006 24 98 $3,092 $31,521
Absolute Change2000-2006
-2 18 $1,660 $13,642
Percent Change2000-2006
-7.7% 22.5% 115.9% 76.3%
State Economic Analysis, 2007Source: Ohio Department of Jobs and Family Services, Office of Workforce Development
Two long-term trends will continue:
• women will continue to participate in the labor force in greater numbers
• the overall labor force will continue to age
In addition four out of the top six growthindustries will be in health care.
State Economic Analysis, 2007Source: Ohio Department of Jobs and Family Services, Office of Workforce Development
Skills-based analysis points to the need for a
highly literate workforce with more• critical thinking• communication-related skills
Region X Workforce Analysis Report
Source: Ohio Department of Jobs and Family Services, Office of Workforce Development Most important workplace skills to
developin the Region X• reading comprehension• critical thinking• active listening• speaking• coordination
The Knowledge Economy
The New Superhighway
What is today’s new superhighway?
TECHNOLOGY and EDUCATION
Knowledge Based Economy
• Use of information to generate ideas leading to new innovations
• Knowledge based growth is created from people’s ability to combine education, experience and ingenuity
Source: Can Rural America Support a Knowledge EconomyHenderson & Abraham; Federal Reserve Bank of Kansas City
• Entrepreneurs are a key driving force of the knowledge economy
A Knowledge Based Business
• Is a childcare service a knowledge based business?
Knowledge Economy Skill Level
• The state needs more then 230,000 additional college students enrolled by 2017 to participate in a better state economic future
• These additions must come from high-achieving youth in low income and first generation families who haven’t in the past considered college
Source: Strategic Plan for Higher Education 2008-2017
Youth & Entrepreneurship
• Gallop Poll indicated 69% of high school students wanted to start their own business; 84% felt unprepared to do so
• How many people have a desire to be an entrepreneur? Whatever the number, in places with supportive environments the number rises
• Source: Center for Rural Entrepreneurship, Rural Policy research Institute
Entrepreneurs in (Name of Community) Backyard
• The name of local institution is operating an MBA in entrepreneurship program.
• One of the students created a new company that is already serving area residents.
An Entrepreneur
• An entrepreneur is about the person, not the type of business
• Some Characteristics of Entrepreneurs1. Creative2. Innovative3. Problem Solving4. Resourceful
• These are also characteristics employers are seeking from employees in other sectors of the economy
Entrepreneur Activity Rates by StateSource: Kaufmann Foundation, Kaufmann Index of Entrepreneurial Activity 1996-2007
Highest Entrepreneur Activity Rate
Entrepreneurs per 100,000 adults
Idaho 460
District of Columbia
460
Arizona 460
Tennessee 440
Louisiana 440
Lowest Entrepreneur Activity Rate
Entrepreneurs per 100,000 adults
West Virginia 80
Alabama 100
Delaware 140
Pennsylvania 150
Ohio 190
Three Types of Entrepreneurs
• Lifestyle Entrepreneur
• High Growth Entrepreneur
• Serial Entrepreneur
Lifestyle EntrepreneursSource: Center for Study of Rural America Federal Reserve Bank of Kansas City
Lifestyle Entrepreneur
• Main goal is to provide personal income or support a lifestyle
• Create breadth in a community leading to a quality of life
High Growth Entrepreneur
• Create and grow a new businesses
• Add a significant number of jobs to a community while adding value to the local economy
Baby Einstein
• Founder: Julie Aigner-Clark from her home in suburban Denver in 1997
• Julie and husband invested $18,000 of their saving to produce first video
• Sold to Walt Disney Company in 2001
Serial Entrepreneur
• Create a new venture and then sell it to create another venture
• Motivation is the joy of creating ventures
Go Big Network
Wil Schroter’s history:• Age 19, from OSU dorm started Blue Diesel sold it
five years later
• 1997 started Kelltech internet Services and sold it in three years
• 2003 created Swaplease
• Today is developing Go Big Network with offices in an OSU incubator
Supporting EntrepreneursSource: Center for Study of Rural America Federal Reserve Bank of Kansas City
Being an Entrepreneur Friendly Community
Building an Entrepreneur Friendly Community Program
• A partnership between Ohio State University Extension, (name of organization delivering curriculum and (name of local sponsoring organization(s))
• Curriculum development funded by a grant from United States Department of Agriculture Rural Development Office
Building an Entrepreneur Friendly Community Program
• Goal: To build the capacity of local leaders to build and maintain an environment that supports creation and development of entrepreneurs
Course Outline
Building Public Private Partnerships
(Column to list date)
(Column to list time)
(Column to list location)
Developing Supportive Infrastructure
Creating Diverse Sources of Capital
Business Retention & Expansion for
Entrepreneurs
Course Outline
Using Incubators to Support Entrepreneurs
(Column to list date)
(Column to list time)
(Column to list location)
Building Supportive Networks and Regional Business Clusters
Finding, Collecting and Analyzing Business Data
Course Outline
Creating Agriculture Entrepreneur Opportunities
(Column to list date)
(Column to list time)
(Column to list location)
Economic and Community Development Strategic Planning
Economic and Community Development Strategic Planning
Contact Information
Put your name and affiliation on this slide. Please also give credit to author and Ohio State University Extension
Adapted from an original presentation created by:Myra Moss, Associate ProfessorOhio State University Extension
October 2008
Web-based Course Material
You can view all the presentations and reportsfrom the series by visiting:
(Provide site name and web address, plus any directions to find materials once on the site)