ExCEED University of Missouri Extension Community Economic and Entrepreneurial Development

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ExCEED University of Missouri ExtensionCommunity
Economic and Entrepreneurial Development
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ExCEEDs Purpose

• Build awareness of entrepreneurship as an
  economic development strategy.
• Assist communities in supporting, encouraging and
  facilitating entrepreneurship.
• Enhance communitys economic base and quality of
  life.
• Participate in the development of vibrant rural
  economies. Facilitate collaborations between the
  University of Missouri Extension and communities
  throughout the state.

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We believe.

• The economy does not and cannot function
  separately from the community.
• Addressing the local economy without considering
  the impacts on the community as a whole is an
  ineffective, possibly even dangerous, use of
  resources.

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Community Development

• Involves all aspects of improving community
  organizational capacity -- business development,
  workforce development, development of markets,
  and investments in infrastructure, downtown
  areas, gateways, business parks, speculative
  buildings and/or public/private partnership
  opportunities.
• These provide the underpinnings for a strong and
  vibrant social and economic interaction.

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Contemporary Economic Development

• Is broad and comprehensive
• Applies to attracting new enterprises --
  goods-producing and knowledge-based
• In contrast to industrial recruitment, it is
  based on knowledge workers and a culture of
  innovation rather than cheap land and labor
• Includes attracting business anchors such as
  senior housing, educational enterprises, and
  visitors and retirees less traditional, but
  effective, ways of increasing the flow of
  external resources into the local economy.

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Why Entrepreneurship?

• Once ignored because impacts where small and
  diffused, today entrepreneurship is thought of as
  economic gardening rather than hunting
  (industrial recruitment).
• Business growth and sustaining health of existing
  businesses is an important component in this
  contemporary approach to economic development.

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Rebuilding the Economic Development Pyramid
Source Brian Dabson, RUPRI
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Why Entrepreneurship?

• Entrepreneurship is responsible for
• 70 of economic growth and new job creation
• Considering job creation
• Business Expansion -- 55
• Business Startup -- 44
• Business Relocation -- 1
• Positive relationship between economic growth and
  entrepreneurship (GEM report)

Source Job Creation in America How our
Smallest Companies Put the Most People to Work,
David Birch, Fortune, 2002
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Common Community Issues

• Leadership capacity
• Team building
• Collaboration-building
• Access to capital (adults youth)
• Downtown revitalization
• School system engagement
• Research, evaluation analysis

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Challenges

• Economies of scale hard to achieve
• Poor connections to markets
• Limited opportunities for networking
• Multiple causes of limited participation in new
  economy
• Increasing consolidation trend
• Lack of capital

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ExCEED Regional Projects
NW MO
NE MO RBOG
Brookfield
Chariton County
Old Trails
Show Me E!
MRH
BYOB
All Natural
Ozark Heritage
SMEDA
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Brookfield

• Using HTC approach
• Community Foundation established
• Leadership program underway
• Entrepreneur network
• Existing business visitation program
• Provider Network under development
• Youth entrepreneurship education mentorship
• Downtown Revitalization initiative

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Chariton County

• Focusing on youth -- MYOB
• Curriculum provided to schools
• Workshops for youth
• Youth-owned businesses started
• Workshops/training for teachers
• Leadership Program youth adult
• Revolving Loan Program for youth

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Mississippi River Hills

• Missouri Cuisines Project
• Marketing region (Ex regional maps)
• Developing Quality Standards and regional label
  of origin
• Restaurants, local and outside the region, are
  using products grown or produced in region.
• Workshops for local businesses
• Association established
• Youth entrepreneurship

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Northwest Missouri

• Tourism/Agri-Tourism
• Business Development
• Youth young farmers
• Network of resource providers including local
  banks
• Working with local schools on entrepreneurship
  curriculum

Wind Farm
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Ozark Heritage Region

• Focusing on youth
• Engaged 15 school districts in Year 1 11 in Year
  2
• Student business competition
• 15 student-led businesses

South Central Career Center, CC Café 2007 1st
Place Project

• Youth will be followed to determine impact of
  entrepreneurship education on their
  career/location choices

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ExCEED Program Outcomes
As of June 30, 2008
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• Sharon Gulick, Director
• ExCEED Program
• University of Missouri Extension
• 222 Gentry Hall
• Columbia, MO 65211
• Phone [phone]
• Email GulickS_at_missouri.edu
• Web http//extension.missouri.edu/ceed/