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EG2008 Network Kansas Economic Gardening Conference

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2008 Economic Gardening Gathering in Steamboat: Network Kansas

2008 Economic Gardening Gathering in Steamboat: Network Kansas

Published in: Business, Education

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  • 1. Kansas Center for Entrepreneurship 2008 Economic Gardening Gathering Steamboat Springs, CO June 12-14, 2008 Presented By: Wally Kearns, State Director, Kansas Small Business Development Centers Steve Radley, Director NetWork Kansas
  • 2. NetWork Kansas
    • Prosperity Summits (July 2003 ).
    • Identify ways of enhancing the quality of life for the citizens of Kansas.
    A Service of the Kansas Center for Entrepreneurship Slide 1 “ NetWork Kansas”
  • 3. NetWork Kansas
    • Principle Outcome—Establish an organization to accomplish:
      • Serve as a central portal to help connect entrepreneurs with public sector business building organizations
      • Increase availability of capital in rural areas
      • Assist regional and community organizations in providing seed funding for entrepreneurs
      • Promote business startups and expansions
    A Service of the Kansas Center for Entrepreneurship Slide 2 “ NetWork Kansas”
  • 4. NetWork Kansas
    • Kansas Economic Growth Act (2004)
    • Kansas Center for Entrepreneurship Established (Director hired, May 2005)
    • Re-named NetWork Kansas (August 2005)
    • Key Collaborators
      • Kansas Department of Commerce
      • Kansas Small Business Development Center
      • Fort Hays State University and Wichita State University
      • Butler Community College
    A Service of the Kansas Center for Entrepreneurship Slide 3 “ NetWork Kansas”
  • 5. NetWork Kansas
    • “ Serve as the central portal for entrepreneurs seeking business assistance and financing options in Kansas by providing a seamless resource center clearinghouse and referral source, to include establishment of a website and toll-free telephone number .”
    • --KEGA: 74-99c04.a(2)
    Kansas Economic Growth Act Slide 5 “ NetWork Kansas”
  • 6. NetWork Kansas
    • Expertise
    • Educational Resources
    • Economic Resources
    A Connecting Point for Entrepreneurs & Small Business IDEA Slide 4 “ NetWork Kansas”
  • 7. NetWork Kansas
    • 400+ Resource Partners
    • More than 20 types of organizations represented
    • Listen & Learn
    • Results
    Expertise Slide 7 “ NetWork Kansas”
  • 8. NetWork Kansas
    • Statewide Network
    • Central Portal
      • 1-877-521-8600
      • www.networkkansas.com
    A Service of the Kansas Center for Entrepreneurship Slide 6 “ NetWork Kansas” Connect client with the right resource partner 4 5 Follow client through the network Entrepreneur/Small Business Owner Research, make calls to resource partners 1 Listen and Learn 2 3
  • 9. NetWork Kansas
    • “ Work with the board of regents and Kansas board of education to create training and coursework in entrepreneurship for dissemination to elementary, secondary, and vocational-technical schools, community colleges and universities.”
    • --KEGA: 74-99c04.a(6)
    Kansas Economic Growth Act Slide 8 Photo courtesy of Harland Schuster “ NetWork Kansas”
  • 10. NetWork Kansas
    • More than 200 classes statewide
    • Entrepreneurial Education Inventory
    • EE Leadership Team/3 Working Groups
    Educational Resources Slide 10 “ NetWork Kansas” Photo courtesy of Harland Schuster
  • 11. NetWork Kansas
    • “ Manage the Kansas Community Entrepreneurship Fund and develop policies and procedures to assure that funds are distributed to qualified entrepreneurs.”
    • --KEGA: 74-99c04.a(4)
    Kansas Economic Growth Act Slide 11 “ NetWork Kansas”
  • 12. NetWork Kansas
    • More than 40 partners who provide capital to entrepreneurs
    • StartUp Kansas Fund: A statewide supplemental capital source for startups and expansions
    • $2,000,000 of 75% Entrepreneurship Tax Credits available annually
    Economic Resources Slide 12 “ NetWork Kansas”
  • 13. StartUp Kansas
    • Launched 8/06 as a statewide supplemental capital source
    • Nine businesses in year 1, Twenty-two in first nine months of year 2
    • $800,000 leverages $5M plus
    • Philosophy: High risk, fill a void, and be at the end of the entrepreneur’s capital food chain
    Economic Resources Slide 13 “ NetWork Kansas”
  • 14. E-Community Partnership
    • A partnership between NetWork Kansas and rural communities that creates a local StartUp KS-like fund
    • E-Community Leadership Team Develops Entrepreneurial Vision for the Community
    • Local Finance Review Board approves loans and/or grants to local entrepreneurs and businesses
    • NetWork Kansas manages funds and tracks all businesses through semi-annual reports
    • Six communities raised $1.634M in 2007
    Empowering Communities to Create an Entrepreneurial Environment “ NetWork Kansas” Slide 14
  • 15. E-Community Philosophy
    • Must execute at local level
    • Shift from project to process mentality
    • Not all resources will be local-but they can be connected
    A Connecting Point for Entrepreneurs & Small Business IDEA Slide 15 “ NetWork Kansas”
  • 16. NetWork Kansas Kansas Economic Growth Act Slide 9 “ NetWork Kansas” Establish Leadership and Support Increase Community Awareness Establish Relationships With State and Federal Resources Map Local Assets Visit and Seek Input from Entrepreneurs
  • 17. NetWork Kansas A Service of the Kansas Center for Entrepreneurship
    • NETWORK KANSAS
    • 1-877-521-8600
    • www.networkkansas.com