Download to read offline
Small Business: Engaging the Creators in Economic Development
The document discusses the role of small businesses in economic development, emphasizing the differences between entrepreneurs and small business owners. It highlights examples of successful businesses, resources available for support, and the importance of collaboration between universities and economic development. Julie Lenzer, the author, advocates for a coordinated approach to enhance small business success.
More Related Content
Similar to Small Business: Engaging the Creators in Economic Development
More from Maryland Economic Development Association (MEDA)
Small Business: Engaging the Creators in Economic Development
- 1. Small Business: engagingthe creators in economic development Julie Lenzer Associate Vice President, Innovation and Economic Development University of Maryland
- 2.
- 3.
- 4. Why does smallbusiness matter?
- 5. Why does smallbusiness matter?
- 6. Why does smallbusiness matter?
- 7. Entrepreneur vs SmallBusiness Owner Entrepreneur • Innovators • Rapid Growth • Scalable • NOT just technology
- 8. Entrepreneurs vs SmallBusiness Owners Small Business Owner • Main street • Service provider • Franchise • Different objectives • “Lifestyle”
- 9.
- 10. Entrepreneur example: MFFire 5 $2M 20 $1.2M raise
- 11. Small Business example:Burley Oak 16 $1.5M $280K loans
- 12. Small Business example:HI Express La Vale, Maryland Pop 3,551 26 $8.5M $5M loan
- 13.
- 14. Universities and EconomicDevelopment
- 15.
- 16. Types of assistanceprovided
- 17.
- 18.
- 19.
- 20. Together is theonly way! Julie Lenzer Associate VP of Innovation & Economic Development Co-Director, UM Ventures #gsd jlenzer@umd.edu