Discover Georgia, USA Discover Entrepreneur & Small Business

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Discover Georgia, USA Discover Entrepreneur & Small Business. November 2009. Great Business Environment. 1 st in workforce training 1 st in fiscal policies 1 st in entrepreneurship 3 rd in business climate 4 th most Fortune 500 company headquarters. 5 th best state for business - PowerPoint PPT Presentation

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  • Discover Georgia, USADiscover Entrepreneur & Small Business November 2009

  • Great Business Environment1st in workforce training1st in fiscal policies1st in entrepreneurship 3rd in business climate4th most Fortune 500 company headquarters

    5th best state for business7th most pro-business7th best cost of labor 7th best state for biotech industry

  • Why is Georgia #1 in Entrepreneurship?GA experienced the greatest entrepreneurial activity over the last decade

    GA: 590/100,000 adults created a business each month Metro Atlanta: 740/100,000

    Reasons? 1) Start up capital 2) Overall economic growth 3) Entrepreneur Friendly 4) Increased entrepreneur education for youth

  • Entrepreneurship in GA Direct Services to Companies Company CallsCapital Centers of InnovationIncubators Export & Trade Education Interactive Tools R&D Tax Credits Business-to-Business Supplier Match Mentor Protg GA Made GA Grown Film/Entertainment Military

    Indirect Services Through Local Communities Entrepreneur Friendly Initiative Interactive Tools Associations

  • Entrepreneurship in GA ESB Coordinating Network state & federal resource providers Access to capital Entrepreneur educationESB resource awarenessWho was doing what?How to reach out? Educate?Minority partnershipsOneGA ESB Loan GuaranteeInventory database: all schoolsCreated new websiteCross Training / Marketing65/1 - Entrepreneur Friendly Dedicated staff

  • Entrepreneurship in GASmall Business Call Program 0 19 employees / growth companiesConnect to state & federal resourcesWeb optimization

    Statewide Economic GardeningMarket research data / SBDC partner

    Entrepreneur Friendly InitiativeDevelop a local culture that supports entrepreneurs and small businessesInclude ESB in local economicdevelopment strategic plan

  • Georgias Entrepreneur Friendly Initiative

  • Georgias Entrepreneur Friendly InitiativeHOW TO REACH ALL BUSINESSES TO CREATE RESOURSE AWARENESS THROUGHOUT THE STATE?

    Revamped existing Regional Program focusDepartment cant reach all businesses but smarter communities can

    Developed Entrepreneur Friendly Initiative- Year One: ~ visited 159 counties~ gauged need/desire for ESB development

  • Georgias Entrepreneur Friendly InitiativeRECOGNIZE ECONOMIC DEVELOPMENT WHEN YOU SEE IT!

    Players: faith-basedmedicalminorityeducationyouthbusinesses military recreation/ag governments

  • Georgias Entrepreneur Friendly InitiativeWhat we found . . .

    Business education (#1 marketing, #2 sales, #3 finance)

    Skilled workforce (#1 work ethics, #2 soft skills & professionalism)

    Resource awareness (why dont I know about them??? Just for me!)Surprises . . .

    Creative thinkers

    Not aware

    Shop at home promote us

    No time to take classes

  • Georgias Entrepreneur Friendly InitiativeAs a result.

    100% of EF communities have created an ESB Resource Guide and How to Start of Business Guide

    100% have hosted at least one ESB Resource Fair/Expo 95% of the EF communities are providing small business educational workshops

    Five have created dedicated, comprehensive Resource Centers

    25% developed new youth programs

  • Georgias Entrepreneur Friendly InitiativeAs a result new partnerships

    Small Business Development Center (SBDC) created a Max Series of business education courses & tools for all EFs

    OneGeorgia created a grant program to encourage sustainable ESB support efforts (after year two)

    Technical College System of GA enhanced certificate programs; added more youth camps

  • Georgias Entrepreneur Friendly InitiativeMore of what were seeing . . . Increase in corporate local spend (top 25) Jr. Achievement: finances, credit, ID theft Business courses w/med school classes Inventors network Social networking / new mediaYoung entrepreneur networks

    Mentoring Comprehensive buy local Improved tracking New networking forums Improved business-to-government Improved licensing process / resources

  • Georgias Entrepreneur Friendly Initiative90% of what entrepreneurs learn, they learn from _______ ???

    ~ ~ ~ ~ ~ ~ ~ ~

    _______% of 9th graders want to start their own business; by 12th grade, ________% still want to.

  • Georgias Entrepreneur Friendly InitiativeWhat we are seeing with our youth . . . C students / At Risk / Alternative Schools

    E Camps at middle & high schools

    Youth business plans

    K-12 entrepreneurial product development

    Youth enterprises at First Fridays

    GeorgiaREAL

  • Georgias Entrepreneur Friendly InitiativeSchool & Community . . . Identify gaps - tell schools whats needed - encourages ideas - make it happen at home - recession inventions Youth leadership - entrepreneur / business project Youth enterprises at community events - themed / festivals / expos Business plan competition - real life wants & wishes

  • Georgias Entrepreneur Friendly Initiative

    81% of Georgia designated Entrepreneur Friendly

    129 out of 159 counties

  • Georgias Entrepreneur Friendly InitiativeEntrepreneur Friendly continuesOverall economic development strategies

    Value-add: Identifies innovation/creativity & addresses challenges

    Facilitated strategic planning: puts words to action:

    brainstorming

    re-energizing

    new direction

    new leadership

    new economy

    new ideas

  • Georgias Entrepreneur Friendly InitiativeEFII includes continuous post-designation support:

    Professional development (2x year)

    Entrepreneur Summit (Governor, Network)

    Trade missions, marketing events

    EFIF grant projects

    Best practices marketing & information sharing

    Speaking engagements

    Hot off the Press news, resources, business opportunities

  • Georgias Entrepreneur Friendly InitiativeFoster an entrepreneurial culture and non-traditional thinking

    Are my ESB programs going to support my entrepreneur & small businesses long term?

    Do I really know where to send someone? Do they even know we have resources?

    If the state wasnt involved, would I do this anyway?

  • Georgia Department of Economic DevelopmentNobody talks of entrepreneurship as survival , but that's exactly what it is and what nurtures creative thinking! . . . Anita Roddick

    All people are entrepreneurs, but many don't have the opportunity to find that out. . . . Muhammad Yunus Thank you!! Mary Ellen McClanahan Director, Community & External AlliancesGeorgia Department of Economic Development 404.962.4820 memcclanahan@georgia.org www.georgia.org/smallbusiness

    *For citations purposes: #1 in workforce training (Expansion Management); #1 in fiscal policies (Laffer Report); #1 in entrepreneurship (Kauffman Foundation); #3 in business climate (Development Counselors International); 4th most Fortune 500 companies headquartered in U.S. cities; 5th best state for business (Forbes); 7th most pro-business state (Pollina Corp. Real Estate); #7 best state in cost of labor (Business Facilities, 2008); #7 best state for biotech industry (Ernst & Young)********************