Transcript Building An Entrepreneur Friendly Community

Building An Entrepreneur Friendly
Community
Overview
Insert Community Name
Insert Presentation Date
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 did
President Eisenhower initiate that changed
the 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, 1956
3. 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
Other
354/324
Retail trade
1515/1885
Transportation & warehousing
244/327
Wholesale Trade
230/206
Accommodation & Food Services
Utilities
923/971
809/839
Information
Manufacturing
Construction
96/145
628/1021
Professional & Technical Services
93/83
Agriculture and Forestry
45/44
Arts, entertainment and recreation
44/28
534/405
FIRE
454/423
Administrative & Waste Services
354/151
(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
All
Employees
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 Change
2000-2006
1
-408
$-11,430
$4,471
Percent Change
2000-2006
5.0%
-38.3%
-30.5%
12.7%
(Name of Community) Administrative
Services
Source: Ohio Bureau of Labor Market Statistics
Summary Profile For: Name of Community (View Map)
NAICS Code: 56 - Administrative and waste services
NA=suppressed due to confidentiality
Item Type
(definitions)
Number of
Establishments
All
Employees
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 Change
2000-2006
0
90
$2,227
$3,142
Percent Change
2000-2006
.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
All
Employees
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 Change
2000-2006
2
-40
$-533
$5,469
Percent Change
2000-2006
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
Four and under
5-9
10-19
20-49
50/99
100-249
250-499
500-999
One thousand and over
Number of Workers
2007/2004
513/603
880/809
1011/993
1285/1459
1303/1345
1425/1202
1408/1833
Suppressed to maintain confidentiality.
Suppressed to maintain confidentiality.
Number of Establishments by Size of Firm
Source: Ohio Bureau of Labor Market Statistics
Size of Firm
Four and under
5-9
10-19
20-49
50-99
100-249
250-499
500-999
One thousand and over
Number of Establishments
2007/2004
314/331 (-90 jobs)
134/121 (+71 jobs)
77/77 (+18 jobs)
46/49 (-174 jobs)
20/19 (-42 jobs)
11/10 (+203 jobs)
4/6 (-425 jobs)
Suppressed to maintain confidentiality
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
Thousands
Education & Health Serv
142.0
123.0
Prof. & Business Services
60.8
Leisure and Hospitality
Government
47.0
Wholesale & Retail Trade
46.6
24.8
Construction
Financial Activities
22.4
Other Services
21.9
18.0
Transportation & Utilities
4.9
Information
-9.1
Natural Resources
Manufacturing
-100
-77.7
-50
0
50
100
150
(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
All
Employees
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 Change
2000-2006
-2
18
$1,660
$13,642
Percent Change
2000-2006
-7.7%
22.5%
115.9%
76.3%
State Economic Analysis, 2007
Source: 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 growth
industries will be in health care.
State Economic Analysis, 2007
Source: 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 develop
in 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 Economy
Henderson & 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 Entrepreneurs
1.
2.
3.
4.
Creative
Innovative
Problem Solving
Resourceful
•
These are also characteristics employers are seeking
from employees in other sectors of the economy
Entrepreneur Activity Rates by State
Source: Kaufmann Foundation, Kaufmann Index of Entrepreneurial Activity 1996-2007
Entrepreneurs
per 100,000
adults
Lowest
Entrepreneur
Activity Rate
Entrepreneurs
per 100,000
adults
Idaho
460
West Virginia
80
District of
Columbia
460
Alabama
100
Arizona
460
Delaware
140
Tennessee
440
Pennsylvania
150
Louisiana
440
Ohio
190
Highest
Entrepreneur
Activity Rate
Three Types of Entrepreneurs
• Lifestyle Entrepreneur
• High Growth Entrepreneur
• Serial Entrepreneur
Lifestyle Entrepreneurs
Source: 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 Entrepreneurs
Source: 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
Developing
Supportive
Infrastructure
Creating
Diverse
Sources of
Capital
Business
Retention &
Expansion for
Entrepreneurs
(Column to list (Column to list
date)
time)
(Column to list
location)
Course Outline
Using
Incubators to
Support
Entrepreneurs
Building
Supportive
Networks and
Regional
Business
Clusters
Finding,
Collecting and
Analyzing
Business Data
(Column to list
date)
(Column to list
time)
(Column to list
location)
Course Outline
Creating
Agriculture
Entrepreneur
Opportunities
Economic and
Community
Development
Strategic
Planning
Economic and
Community
Development
Strategic
Planning
(Column to list
date)
(Column to list
time)
(Column to list
location)
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 Professor
Ohio State University Extension
October 2008
Web-based Course Material
You can view all the presentations and reports
from the series by visiting:
(Provide site name and web address, plus any directions to
find materials once on the site)