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Economic Development & The EBI NetworkWho we are and how YOU can help.
Economic Development Director                                        Sustainability DirectorGlobal Strategies Director    ...
The New Economy
$1.2 Million EDA Grant
4 Strategic ThemesEntrepreneurshipInnovationGlobalizationSustainability
Sustainability DirectorThe Sustainable Business Center Incubator
The Sustainable Business Center Incubator
The Sustainable Business Center Incubator
Newest Tenant
Incubator Progress   February 2012     Late 2012 Forecast
En Season Commercial Kitchen & Cafe
www.SustainableBusinessCenter.com
Global Strategies DirectorGlobalization & Innovation Center
Globalization
Globalization
Innovation
Innovation
Entrepreneurship Center Manager     Entrepreneurship Center
Why Entrepreneurs MatterRepresent 99.7 percent of all employer firms.Employ half of all private sector employees.Pay 44 pe...
Why Entrepreneurs MatterHire 43 percent of high tech workers (scientists, engineers, computer programmers, andothers).Made...
Mission Statement To educate, engage and empower entrepreneurs  in west central Illinois.
In a nutshell...       “The greatest success in stimulating entrepreneurship is likely in communities with:           a cl...
Entrepreneurship CenterMarketable Ideas + TechnicalAssistance + Funding =Startup Businesses in Galesburg
Entrepreneurial Ecosystem
Entrepreneurial Ecosystem   Small Businesses   Entrepreneurial Startups
History• Center operated from 2004 until June 15, 2010• Funding  – Department of Commerce and Economic    Opportunity (DCE...
Counseling Channels• Face-to-Face• Telephone• Online(Email or VideoConferencing)
Core Services•   Feasibility Analysis•   Business Plans•   Retail Site Selection•   Marketing•   Industry Analysis•   Fund...
Market Analysis• Allows for Better:  – Market Analysis  – Location Decisions• Example: Map of avg.  ann. per person spendi...
Industry Analysis
Public FundingWithin Galesburg:  – Business Innovation Grant (BIG)  – Revolving Loan Fund (RLF)  – Downtown Façade Redevel...
Operational Philosophy• “Everyone has at least one “$1 Million Idea  during their lifetime – but few act on it.”• Clients ...
Operational Philosophy (continued)• Each client is given individualized attention  and quality assistance    – Not a cooki...
Email Newsletter
Real-Life Examples
Inventors“Rail Joint” Developed by Permil Nelson   “Vegetable Peeler” Developed by Dennis   “Pants Hanger” Developed by St...
Innovators
Linda Lewis – Inventor and CEO of Flipple
Flipple
Get on the Shelf
Entrepreneurs
Types of Entrepreneurs
Two Mindsets  Idea Creator          Idea Implementer Technical-Minded        Business-MindedCreative, Right-Brain    Logic...
Types of Entrepreneurs
Gazelle Companies
Gazelle Companies
Community Venture Profile                            Source: Don Macke
Entrepreneurship InvolvesPerceived AbilityPerceived RiskPerceived Fear of Failure
Reporting
Workshops
National Entrepreneurship Week
Youth Entrepreneurship         Counselor’s Academy on Entrepreneurship         March 22, 2012          4-H SPIN Club on En...
Small Business Day
Further Reading
Further Reading on Globalization
Further Reading on Globalization
Further Reading on Innovation
Further Reading on Social Entre.
Contact    Contact:                Connect:Ryan Lilly, Manager2900 W. Main St.Galesburg, IL 61401309-371-0473ryan.lilly@eb...
How can YOU get   involved?
“The Brenda Story”
“The Brenda Story”
Most of all...  Wherever you go, always be on the       lookout for opportunity.   You’re part of our eyes and ears.
www.ebinetwork.org
THANK YOU!
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The EBI Network

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The EBI Network

  1. 1. Economic Development & The EBI NetworkWho we are and how YOU can help.
  2. 2. Economic Development Director Sustainability DirectorGlobal Strategies Director Entrepreneurship Center Manager
  3. 3. The New Economy
  4. 4. $1.2 Million EDA Grant
  5. 5. 4 Strategic ThemesEntrepreneurshipInnovationGlobalizationSustainability
  6. 6. Sustainability DirectorThe Sustainable Business Center Incubator
  7. 7. The Sustainable Business Center Incubator
  8. 8. The Sustainable Business Center Incubator
  9. 9. Newest Tenant
  10. 10. Incubator Progress February 2012 Late 2012 Forecast
  11. 11. En Season Commercial Kitchen & Cafe
  12. 12. www.SustainableBusinessCenter.com
  13. 13. Global Strategies DirectorGlobalization & Innovation Center
  14. 14. Globalization
  15. 15. Globalization
  16. 16. Innovation
  17. 17. Innovation
  18. 18. Entrepreneurship Center Manager Entrepreneurship Center
  19. 19. Why Entrepreneurs MatterRepresent 99.7 percent of all employer firms.Employ half of all private sector employees.Pay 44 percent of total U.S. private payroll.Generated 65 percent of net new jobs over the past17 years.Create more than half of the nonfarm private GDP.
  20. 20. Why Entrepreneurs MatterHire 43 percent of high tech workers (scientists, engineers, computer programmers, andothers).Made up 97.5 percent of all identified exporters andproduced 31 percent of export value in FY 2008.Produce 13 times more patents per employee thanlarge patenting firms.
  21. 21. Mission Statement To educate, engage and empower entrepreneurs in west central Illinois.
  22. 22. In a nutshell... “The greatest success in stimulating entrepreneurship is likely in communities with: a climate and a system ofeducation and technical assistance that addresses the needs of entrepreneurs at all levels.” -- Entrepreneurship and Local Economic Development (Walzer, 2007)
  23. 23. Entrepreneurship CenterMarketable Ideas + TechnicalAssistance + Funding =Startup Businesses in Galesburg
  24. 24. Entrepreneurial Ecosystem
  25. 25. Entrepreneurial Ecosystem Small Businesses Entrepreneurial Startups
  26. 26. History• Center operated from 2004 until June 15, 2010• Funding – Department of Commerce and Economic Opportunity (DCEO) Funding – Community Development Assistance Program (CDAP) Grant – Over 700 clients served (approx. ¼ minority)• Center re-established in January 2011
  27. 27. Counseling Channels• Face-to-Face• Telephone• Online(Email or VideoConferencing)
  28. 28. Core Services• Feasibility Analysis• Business Plans• Retail Site Selection• Marketing• Industry Analysis• Funding Assistance• Website / Social Media• Workshops
  29. 29. Market Analysis• Allows for Better: – Market Analysis – Location Decisions• Example: Map of avg. ann. per person spending on food/beverages in Galesburg.
  30. 30. Industry Analysis
  31. 31. Public FundingWithin Galesburg: – Business Innovation Grant (BIG) – Revolving Loan Fund (RLF) – Downtown Façade Redevelopment – Worker Training – Many MoreWithin the Region: – Funds available through the EDA grant
  32. 32. Operational Philosophy• “Everyone has at least one “$1 Million Idea during their lifetime – but few act on it.”• Clients spectrum we can work with… – High-Tech Startups  Restaurants• Types of entrepreneurs we see… – Sole Proprietors – Partnerships and LLCs – Startup Companies
  33. 33. Operational Philosophy (continued)• Each client is given individualized attention and quality assistance – Not a cookie-cutter, one-size-fits-all approach• Clients are followed-up on and developed• At this time, all of our services are free• Strict confidentiality is observed• We particularly encourage minority and women-owned businesses
  34. 34. Email Newsletter
  35. 35. Real-Life Examples
  36. 36. Inventors“Rail Joint” Developed by Permil Nelson “Vegetable Peeler” Developed by Dennis “Pants Hanger” Developed by Stuart of Galesburg, Issued 1972 Vanosdall of Galesburg, Issued 1984 Battles of Galesburg, Issued 1971
  37. 37. Innovators
  38. 38. Linda Lewis – Inventor and CEO of Flipple
  39. 39. Flipple
  40. 40. Get on the Shelf
  41. 41. Entrepreneurs
  42. 42. Types of Entrepreneurs
  43. 43. Two Mindsets Idea Creator Idea Implementer Technical-Minded Business-MindedCreative, Right-Brain Logical, Left-Brain Inventions Innovations
  44. 44. Types of Entrepreneurs
  45. 45. Gazelle Companies
  46. 46. Gazelle Companies
  47. 47. Community Venture Profile Source: Don Macke
  48. 48. Entrepreneurship InvolvesPerceived AbilityPerceived RiskPerceived Fear of Failure
  49. 49. Reporting
  50. 50. Workshops
  51. 51. National Entrepreneurship Week
  52. 52. Youth Entrepreneurship Counselor’s Academy on Entrepreneurship March 22, 2012 4-H SPIN Club on Entrepreneurship April 19th – June 21st BTC Entrepreneurial Scholarship Deadline: April 30, 2012 Meeting with Knox, Monmouth and Sandburg Regarding Entre. February 21, 2012
  53. 53. Small Business Day
  54. 54. Further Reading
  55. 55. Further Reading on Globalization
  56. 56. Further Reading on Globalization
  57. 57. Further Reading on Innovation
  58. 58. Further Reading on Social Entre.
  59. 59. Contact Contact: Connect:Ryan Lilly, Manager2900 W. Main St.Galesburg, IL 61401309-371-0473ryan.lilly@ebinetwork.org
  60. 60. How can YOU get involved?
  61. 61. “The Brenda Story”
  62. 62. “The Brenda Story”
  63. 63. Most of all... Wherever you go, always be on the lookout for opportunity. You’re part of our eyes and ears.
  64. 64. www.ebinetwork.org
  65. 65. THANK YOU!

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