Entrepreneurship Metrics - Don Macke

K
Don Macke
April 26, 2018
CU RCAP & Support Staff
Cutting Edge Research
Moving Forward…
2006-2016
Point to Point
Change
Analysis
United States
Net Job Growth
+48 Million Jobs
31% Job Growth
Stage 1
Stage 2
2-9 Employees
10-99 Employees
26 million
20 million
53%
42%
Combined Smaller Ventures 46 million 95%
Stage 3
Stage 4
100-499 Employees
500+ Employees
2.6 million
(1.0) million
5%
---
“66% of Jobs by Locally Owned Ventures”
Nebraska
Net Job Growth
+351,869Jobs
32% Job Growth
Stage 1
Stage 2
2-9 Employees
10-99 Employees
162,981
153,407
46%
44%
Combined Smaller Ventures 316,388 90%
Stage 3
Stage 4
Self Employed
100-499 Employees
500+ Employees
-------------
26,113
2,549
6,819
7.4%
0.7%
1.9%
Combined 35,481 10%
November 2017
Thought Leaders Gathering
• Focus on the Movement
• Small Group of Thoughtful
Leaders
• Three Topics…
– Communities on the Edge
– Professional Development
– Research
CU RCAP & Support Staff
Research Roles
Inform Communities
• Historical Performance
• Development Opportunities
• Entrepreneurial Ecosystem
• Entrepreneurial Talent
Research should empower
communities to better understand
their development opportunities
and how growing an
entrepreneurial economy and
society can advance prosperity.
Percent Age Cohort Change
0.0%
-1.3%
-63.7%
-51.4%
35.0%
-6.8%
-3.6%
-4.0%
-8.4%
-5.3%
-80.0% -60.0% -40.0% -20.0% 0.0% 20.0% 40.0%
10-14
15-19
20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59 2000-2010
Nonfarm Proprietors’
Income & Employment
0
200
400
600
800
1,000
1,200
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
1969
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
2015
Nonfarm proprietors' income (thousands of dollars)
Nonfarm proprietors employment (number of jobs)
Track Activity & Outcome
• Documentation
• Evaluation
• Stories
We need accepted frameworks and
protocols for documenting and
evaluating how E-strategies and
investments are working.
But numbers are not enough, we
also need more aggressive capture
of stories.
Holt County – One Story
Kansas – Going to Scale
Measuring Impact
• EcoDevo Smoke & Mirrors
• Robust & Honest Impact
• ROI
• Redirection of Capital
In America, we continue to spend
most of our development dollars
on attraction, competition, and
corporate subsidies. We need
strong impact measurement to
enable resource redirection.
Stakeholder – the E-Movement
In order to make entrepreneurship
the foundation of all development as
Brian Dabson envisioned... We need
to cultivate local, state, and national
stakeholders empowering them to
make the hard decisions to funding
entrepreneurship.
Research is a foundational asset in
building a national entrepreneurship
movement in America.
November 2017 Framework
Gather Data
Establish Key Research Questions
Set Metrics
Development Systems
for Capturing Data
Case Studies
Communication Strategies
Get the Thought Leader Summit Notes…
November 2017
Entrepreneurship
on the Edges
A National E-Research Agenda
1. Network
2. Collaboration
3. Platform for Sharing
4. Learning Opportunities
5. Shared Evolving Practices
6. Empower Existing Researchers
7. Attract/Develop New Researchers
8. Funding
9. An Agenda
10. A Serious Commitment
Don Macke
don@e2mail.org
www.energizingentrepreneurs.org
Our Panelists
Mark Muro – Senior Fellow
The Brookings Institution
Dane Stangler – Chief Policy Officer
Startup Genome
Kelly Edmiston – Senior Economist
Federal Reserve Bank of Kansas City
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Entrepreneurship Metrics - Don Macke

  • 1. Don Macke April 26, 2018 CU RCAP & Support Staff Cutting Edge Research
  • 4. United States Net Job Growth +48 Million Jobs 31% Job Growth Stage 1 Stage 2 2-9 Employees 10-99 Employees 26 million 20 million 53% 42% Combined Smaller Ventures 46 million 95% Stage 3 Stage 4 100-499 Employees 500+ Employees 2.6 million (1.0) million 5% --- “66% of Jobs by Locally Owned Ventures”
  • 5. Nebraska Net Job Growth +351,869Jobs 32% Job Growth Stage 1 Stage 2 2-9 Employees 10-99 Employees 162,981 153,407 46% 44% Combined Smaller Ventures 316,388 90% Stage 3 Stage 4 Self Employed 100-499 Employees 500+ Employees ------------- 26,113 2,549 6,819 7.4% 0.7% 1.9% Combined 35,481 10%
  • 6. November 2017 Thought Leaders Gathering • Focus on the Movement • Small Group of Thoughtful Leaders • Three Topics… – Communities on the Edge – Professional Development – Research
  • 7. CU RCAP & Support Staff Research Roles
  • 8. Inform Communities • Historical Performance • Development Opportunities • Entrepreneurial Ecosystem • Entrepreneurial Talent Research should empower communities to better understand their development opportunities and how growing an entrepreneurial economy and society can advance prosperity.
  • 9. Percent Age Cohort Change 0.0% -1.3% -63.7% -51.4% 35.0% -6.8% -3.6% -4.0% -8.4% -5.3% -80.0% -60.0% -40.0% -20.0% 0.0% 20.0% 40.0% 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 2000-2010
  • 10. Nonfarm Proprietors’ Income & Employment 0 200 400 600 800 1,000 1,200 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 Nonfarm proprietors' income (thousands of dollars) Nonfarm proprietors employment (number of jobs)
  • 11. Track Activity & Outcome • Documentation • Evaluation • Stories We need accepted frameworks and protocols for documenting and evaluating how E-strategies and investments are working. But numbers are not enough, we also need more aggressive capture of stories.
  • 12. Holt County – One Story
  • 13. Kansas – Going to Scale
  • 14. Measuring Impact • EcoDevo Smoke & Mirrors • Robust & Honest Impact • ROI • Redirection of Capital In America, we continue to spend most of our development dollars on attraction, competition, and corporate subsidies. We need strong impact measurement to enable resource redirection.
  • 15. Stakeholder – the E-Movement In order to make entrepreneurship the foundation of all development as Brian Dabson envisioned... We need to cultivate local, state, and national stakeholders empowering them to make the hard decisions to funding entrepreneurship. Research is a foundational asset in building a national entrepreneurship movement in America.
  • 16. November 2017 Framework Gather Data Establish Key Research Questions Set Metrics Development Systems for Capturing Data Case Studies Communication Strategies Get the Thought Leader Summit Notes… November 2017 Entrepreneurship on the Edges
  • 17. A National E-Research Agenda 1. Network 2. Collaboration 3. Platform for Sharing 4. Learning Opportunities 5. Shared Evolving Practices 6. Empower Existing Researchers 7. Attract/Develop New Researchers 8. Funding 9. An Agenda 10. A Serious Commitment
  • 19. Our Panelists Mark Muro – Senior Fellow The Brookings Institution Dane Stangler – Chief Policy Officer Startup Genome Kelly Edmiston – Senior Economist Federal Reserve Bank of Kansas City

Editor's Notes

  1. Title Slide
  2. Title Slide