Snellville-Gwinnett Economic Gardening 2011

205 views

Published on

Gwinnett eg2011, Snellville, Economic Gardening

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
205
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Snellville-Gwinnett Economic Gardening 2011

  1. 1. 5/5/11 Economic  Gardening   An  entrepreneur-­‐centered  approach     to  economic  development   Mark  Lange   May  2011   •  Na/onal  Opera/ng  Founda/on   –  Not  a  grant  making  founda?on   –  Currently  ac?ve  in  42  states   –  Build  and  deliver  programs   •  Approach  to  entrepreneurship   –  Entrepreneur  Support  Orgs   –  Second-­‐stage  Entrepreneurs   –  Economic  Gardening   •  Tools  and  programs   –  Peer  learning   –  Companies  to  Watch   –  YourEconomy.org   –  Leadership  Retreats  Edward  Lowe  Founda?on  copyright  2010   www.edwardlowe.org   2   Serving our Economy……… Edward  Lowe  Founda?on  copyright  2011   3   1
  2. 2. 5/5/11 Thinking differently about! growing our economy! Re-balance! Increase Update economic! attention on services to development ! Growth! reflect a strategy   Companies   balanced strategy! 4   Edward Lowe Foundation copyright 2010    Re-­‐balance  economic  development  strategy   Economic GardeningNeeded  Emphasis   Current  Emphasis   Exis/ng  Growth   Companies   Startups   Grow  From  Within   Small  Businesses   Recruitment   5  Edward  Lowe  Founda?on  copyright  2010   GwinneO  County  Jobs  By  Stage  %  Jobs  1992   %  Jobs  2008   5.4%   5.3%   16.8%   11.5%   46.4%   33%   29%   42%   2.4%   8.2%   Data  from    Youreconomy.org  2010   2
  3. 3. 5/5/11  GwinneQ  County  Jobs  and  Job  Growth  By  Stage   1995  –  2000   Jobs  grew  by  46%   2003  -­‐  2008   Jobs  grew  by  19%   What’s  wrong  with  this  picture?    Between  2001  -­‐2008   as  ESTABLISHMENTS  increase…   JOB  CREATION  decreases   Increase! attention ! on Growth! Companies   •  Past startup – not mature"•  Privately Held Company"•  10-99 employees" •  Intent and capacity for Growth"•  1-50 Million in Revenue" •  External Market Company•  Includes High Growth, High (Export or Traded Sector)   Potential and Steady Growth   Edward Lowe Foundation copyright 7   2010   3
  4. 4. 5/5/11  Business  Development  –  By  “Stage”   Stage  1   Stage  2   Stage  3   Stage  4         Incubators   serving  stage  1   Edward  Lowe  Founda?on  copyright  2011   10  Business  Development  –“Growth”  Companies   Stage  1   Stage  2   Stage  3   Stage  4         Role  Changes   -­‐  Con/nuous   -­‐  Rapid   -­‐  Ini/al   -­‐  Start-­‐up   Source:  Leading  at  the  Speed  of  Growth   Edward  Lowe  Founda?on  copyright  2011   11   Second-­‐stage  Growth  Companies   Facing  different  issues  through  growth   Stage  1   Stage  2   Stage  3   Stage  4         Edward  Lowe  Founda?on  copyright  2011   12   4
  5. 5. 5/5/11 Update  services  to  reflect     a  balanced  strategy   •  Tradi?onal  Economic   Development  Services   –  Transac?ons  based  services   focused  on  movement   •  New  Services   –  Informa?on  based  services   focused  on  company  strategy   and  growth   •  Economic  Gardening   –  Strategic  Research  Teams   –  Connec?vity  and  referral   networks     Edward  Lowe  Founda?on  copyright  2010   13   Provide  decision  making  informa/on   with  an  emphasis  on  strategic  issues   100•  “Front  end  loaded”   90 –  Core  strategy   80 –  Business  Model   –  Market  Dynamics   70 –  Marke?ng   60 –  Capital  -­‐  referral   50 –  Labor  –  referral   40 –  Export  assistance   30 –  Outsourcing   20 –  Export  assistance   10 –  Outsourcing   0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Edward  Lowe  Founda?on  copyright  2011   14   Learn from the Littleton model Littleton Technical Assistance Model •  1990  -­‐  LiOleton,  Colorado     First  Economic  Gardening   Program   •  Gradually  built  highly   successful  informa?on  system   for  local  businesses   •  Doubled  jobs  and  tripled  tax   revenue  over  20  years   •  Gained  na?onal  and   interna?onal  aOen?on   Edward  Lowe  Founda?on  copyright  2011   15   5
  6. 6. 5/5/11 Florida  pilot  program  accelerates     “Strategic  Research  Team”  model  •  2009  -­‐  Florida  passes  economic   Strategic  Research  Team  Model   gardening  bill  focusing  on   second-­‐stage  •  $1.5  million  Technical  Assistance   Pilot  Program  •  ELF  creates  a  “virtual”  LiOleton   model  (SRT)  to  service   companies  and  train  local  team  •  Year  one  –  159  companies   create  418  Jobs  •  Cost    per    job  $3,416   Edward  Lowe  Founda?on  copyright  2010   16   •  Edward  Lowe  Founda?on  agrees  to  host  the  Na?onal  Center  for   Economic  Gardening,  providing  infrastructure  &  technology   •  Economic  Gardening  Networks  established  to  offer  “Strategic   Research  Team”  services  for  state  and  regional  pilot  programs   2010-­‐2011   2010-­‐2011   2011  projected   Florida   Regional  Pilots   Missouri   Kansas   Coastal  Georgia   Louisiana   Indiana  –  2-­‐regions   Oregon   Northern  Arizona   South  Carolina   Sudbury  Canada   Others   17   Edward  Lowe  Founda?on  copyright  2010   Economic Gardening Strategic  Research  Team  (SRT)     System  Services  and  Program  Management   •  Sojware  system  for  online  company  applica?on  and  selec?on,   collabora?on  workspace,  and  project  management   •  Turn-­‐key  billing,  invoicing  and  progress  reports   •  Typical  engagement  -­‐  35  total  hours  with  (SRT)  at  $105  per  hour   and  $150  set  up  fee  per  company   •  Training  and  Cer?fica?on  for  state  or  regional  SRT  programs  and   teams.   6
  7. 7. 5/5/11 ®Second-­‐stage  growth  companies  are  underserved  and  under  recognized  for  their    contribu?on  to  net  new  job  crea?on,  economic  growth  and  community  development.  The  founda?on  believes  that  the  Economic  Gardening®  techniques  developed  by  Chris  Gibbons  and  used  by  the  city  of  LiOleton,  CO  provide  the  most  effec?ve    business  growth  services  available  for  growth  company  CEO’s.  Our  role  as  an  independent  non-­‐profit  opera?ng  founda?on  has  allowed  us  to  serve    as  a  catalyst  for  introducing  this  program  and  for  developing  na?onal  standards    and  infrastructure  for  implementa?on.   ®   Edward  Lowe  Founda?on  copyright  2010   19   Contact  and  Resources   Mark  Lange   mark@lowe.org   Phone  –  269-­‐783-­‐4255   www.edwardlowe.org   www.youreconomy.org   www.GrowFL.com   www.networkkansas.com   Edward  Lowe  Founda?on  copyright  2011   20   7

×