Growing Entrepreneurial Communities Summit
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1 Growing Entrepreneurial Communities Summit WELCOME DAY 2 Patricia Brown-Dixon Region 7 Administrator U.S. Small Business
2 What Constitutes An Entrepreneurial Ecosystem? There can be no one objective. Many stakeholders must benefit if an entrepreneurship ecosystem is to be selfsustaining!
3 = Smart, Bold Accessible Brings You the Essential 3 C s of Small Business Building But so Much More!
4 Grants Administration: Small Business Development Centers (SBDCs; SBTDCs) State Trade and Export Programs (STEP) for small business export assistance Women s Business Centers Veterans Business Centers SCORE volunteer program Micro-Lenders
5 New Round Announced Tuesday! This year: $3.95 Million in Congressionally appropriated funds 2016 Application Deadline - June 3, Award Winners to be announced Aug. 4, 2016 at the White House Demo Day
6 Growth Accelerator Fund Competition Since 2014, the program supports gaps in entrepreneurial ecosystem providing networking, mentorship, physical/virtual space; Emphasis on women and other underrepresented groups; and manufacturing. In 2014/15 - $50,000 Individual Awards: Prosper Startup Accelerator, St. Louis Entrepreneurial Development Center Inc. (EDC); Cedar Rapids Iowa Startup Accelerator (ISA), Cedar Rapids, IA; Bioscience & Technology Business Center, Lawrence, KS; 712 Innovations, Topeka, KS.
7 APPLY TODAY!
8 SBIR/STTR Road Trips Training Small Business Innovation and Research and Technology Transfer Grants Training Program provides funds for hi-tech entrepreneurs to partner with Uncle Sam and federal agencies for innovative products Last year- Columbia, Missouri; 2016 Schedule: Omaha June 29 Wichita June 30 Ames, IA Aug 17 St. Louis, MO Aug 18
9 Since 2014 ScaleUpAmerica (ScaleUpKC) helps small firms with high potential scale up /grow to provide more jobs 5-Option-Year option grant to UMKC s Innovation Center for up to $1,542, ScaleUp functions by supporting communities efforts to deliver cohortbased intensive assistance 2016 Class Forming Now
10 The Emerging Leaders Program 7-month federal intensive training focusing on executives of businesses poised for growth in historically challenged communities Inner-city entrepreneurs in St. Louis (3rd year) and Wichita (2nd year) More than 2,000 small business owners through the program in 49 cities
11 Summer of Encore Mentoring Educational events for entrepreneurs over 50 years of age Each SBA District Office 3 summer programs in June, July, August 3 rd Year of Encore programs Co-sponsored with AARP since
12 My Brother s Keeper Millennial Entrepreneur Initiative Federal outreach and education campaign To Help Millenials become enterpriseready Addresses one in four millennials out of work Also, focuses on the needs of young people of color
13 Training Initiatives for Veterans Entpreneurial Training for Veterans returning from recent conflicts and address veteran s job issues Veteran s Boots to Business Program (on military bases) Veteran s Boots to Business Reboot (in communities throughout year) For veterans and family members Now open to all
14 Educational Efforts Affordable Care Act SHOP Marketplace for small businesses Trans-Pacific Trade Partnership (TPP) Eco-Friendly and Trade-Affected Help Office of Advocacy produces State Small Business Reports and Other Research Women s Veteran s Free Training VWISE
15 Other Incentives Offered: Reduced SBA Guarantee fees on Loans to Veterans Contracting Incentive Programs to Help UnderServed and Disadvantaged Populations Contracting Incentive Programs to support entire blighted HUBZones needing revitalization within our communities.
16 OUR KEY QUESTIONS: What does an entrepreneurial ecosystem look like? How do you know if a community is ready to build an entrepreneurial ecosystem? How do you get started building an entrepreneurial ecosystem? How do you measure if it s working?
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