Dave Shideler Ph D Community Development Specialist Oklahoma

Dave Shideler, Ph. D. , Community Development Specialist Oklahoma State University/Oklahoma Cooperative Extension Service April 11, 2013 Building Entrepreneurial Communities Part 1: What are they?

Objectives Recognize the value of home-based and/or micro businesses to small communities Describe what makes a community entrepreneur-friendly

Poll �Describe a “small business owner. ” �Describe an entrepreneur. �(Type your word in the chat box; if you don’t see the chat box, click on the ‘Text Chat’ button at the top of your screen. )

What is Entrepreneurship? Entrepreneur is: “One who undertakes or manages” (Online Etymology Dictionary; http: //www. etymonline. com/index. php? term=entrepreneur) Contemporary use often associates the following: Risk, Growth, Technology

How valuable are small businesses? Economic impact of locally-owned businesses Commitment to place Decentralized procurement – means more money circulating in the local economy

How valuable are small businesses? �Social/Sustainability impact of locally-owned businesses Development of trust and ‘bridging’ social capital Develop social cohesion Insulate community from national/regional events Provide environmental benefits?

How valuable are small businesses? How do your communities identify small businesses? What measures are used to evaluate small business/entrepreneurship programming? (Using your chat box, share, in ‘Tweet’ fashion, how your community ‘measures’ entrepreneurship. )

How valuable are small businesses? www. youreconomy. org; accessed 4/2/13 at 1: 11 pm Estab 2007 Total Estab 2010 258, 149 320, 706 Estab % Change Jobs 2007 Jobs 2010 Jobs % Change 24. 2% 1, 915, 773 1, 943, 510 1. 4% Noncommercial 6. 03% 5. 34% 10. 00% 11. 20% 11. 56% 4. 70% Nonresident 4. 39% 3. 02% -14. 50% 19. 17% 17. 22% -8. 90% Resident 89. 58% 91. 64% 27. 10% 69. 63% 71. 21% 3. 80% Self employed (1) 34. 41% 38. 49% 39. 00% 4. 64% 6. 35% 39. 00% Stage 1 (2 -9) 46. 44% 46. 57% 24. 60% 19. 31% 22. 01% 15. 60% Stage 2 (10 -99) 8. 24% 6. 20% -6. 60% 27. 67% 25. 99% -4. 70% Stage 3 (100 -499) 0. 44% 0. 34% -3. 60% 10. 19% 9. 59% -4. 50% Stage 4 (500+) 0. 05% 0. 04% -5. 90% 7. 82% 7. 26% -5. 70%

How valuable are small businesses? www. youreconomy. org; accessed 4/2/13 at 1: 11 pm Sales 2007 Total Sales 2010 $211. 7 bil $206 bil Sales% Change -2. 70% 1. 83% 1. 95% 3. 70% Nonresident 25. 72% 23. 76% -10. 10% Resident 72. 46% 74. 30% -0. 20% 9. 71% 8. 97% -10. 20% Stage 1 (2 -9) 11. 70% 11. 38% -5. 30% Stage 2 (10 -99) 29. 72% 31. 03% 1. 60% Stage 3 (100 -499) 18. 06% 18. 86% 1. 60% 3. 27% 4. 06% 21. 00% Noncommercial Self employed (1) Stage 4 (500+)

What makes a community entrepreneur-friendly? Climate Infrastructure Support Systems Energizing an Entrepreneurial Economy: A Guide for County Leaders by D. Markley, K. Dabson, D. Macke; http: //elgg. energizingentrepreneurs. org/pg/file/Deb. Markley/read/927/energizing-anentrepreneurial-economy-a-guide-for-county-leaders

What makes a community entrepreneur-friendly? Climate Awareness Recognition Culture Anonymity Quality of Life

What makes a community entrepreneur-friendly? Climate How do your communities currently do any of the just mentioned activities? (Use your chat box to share examples of climate-building activities. )

What makes a community entrepreneur-friendly? Infrastructure Real Estate Utilities Services Taxes and regulations Networking

What makes a community entrepreneur-friendly? Infrastructure In what ways have your communities sought to address issues of infrastructure for entrepreneurs? (Use your chat box to share examples. )

What makes a community entrepreneur-friendly? Support Systems The group of services and programs to encourage and benefit the entrepreneur Best to think of a progression of services: Essential More intensive Most extensive

What makes a community entrepreneur-friendly? Support Systems Construct a positive climate and provide entrepreneurial infrastructure Increase awareness about entrepreneurs Recognize entrepreneurs’ contribution to the community Facilitate networking Ensure access to appropriate business services

What makes a community entrepreneur-friendly? Support Systems �More intensive programming: Entrepreneurial training Financial capital Access to markets Youth �Most extensive programming: Customized help Angel investment/Venture capital sources Integration of entrepreneurship into local schools Entrepreneurial support organizations

What makes a community entrepreneurfriendly? How ready is your community to be entrepreneurial? Complete this worksheet:

Conclusions �Entrepreneurs are important to our economy – federal, state and local �In OK, they are critical to the stability and growth of our economy �Local governments need to be intentional to support this segment of their economies �Questions? dave. shideler@okstate. edu 405 -744 -6170 http: //rd. okstate. edu