shift innovation: community development conference...shift innovation: community development...
TRANSCRIPT
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Shift Innovation: Community Development
Conference
Cultivating Entrepreneurship and Sustainable Small Business
Federal Reserve Bank of Kansas City September 22, 2014 Kansas City, Missouri
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September 22, 2014
Good Entrepreneurs Good Jobs Strategy
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My Presentation
Federal Reserve Bank of Kansas City 09.22.14
Working Poor & Low Income
The Good Jobs Strategy Empowering Good Entrepreneurs
Promising Practices A Illustration from West Texas
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3 Remarkable Best Practices
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Point 1
America’s Working Poor and Low Income
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Doing Better for All Americans… Bad Jobs
• Uncertain Part-Time • Part-Time Work • Outsourced Work • No or Limited Benefits • Sub-Living Wages • No Slack • Meaningless, Lack of Respect • Less Productive • Counter Productive
Working LMI
In my home town of Lincoln, Nebraska we came through the Great Recession well compared to most. We have a growing and thriving economy. Yet over one-third of all working households fit LMI standards and nearly 50% of a kids in school qualify for free or reduced lunches.
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Role of Entrepreneurs?
• Large Corporations and Employers • Micro and Small Businesses • Medium Sized Business and Life-
Style Entrepreneurs • Growth-Oriented Entrepreneurs • Next Generation of Large
Corporations and Employers? Beth Ehlis Strube
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Point 2
The Good Jobs Strategy
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The Good Jobs Strategy
• by Zeynep Ton 2014 • MIT Sloan School of Mgt. • Employees
– Cost or Investment? – Liability or Asset? – Cost to be Reduced? – Other Ways to Reduce Costs and
Increase Profits – Costco and Walmart – Systems and Empowerment
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Point 3
Empowering Good Entrepreneurs
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Dual Solutions Approach LMI Workers
1. Education 2. Skills & Experience 3. Support 4. Mentoring 5. Opportunity (hope)
Productivity Competitive Value
Entrepreneurs
1. Venture Models 2. Training Partners 3. Coaching & Mentors 4. Peer Standards 5. Performance
Market Competiveness Profitability
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Point 4
Promising Practices
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Ron Parks
• From Nebraska Sandhills Kid • To Successful Entrepreneur • Millard Manufacturing • $10 Million Company • Omaha, Nebraska • Views Employees as an Asset • Never a Layoff in 30 Years • Quality Jobs and Careers
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Point 5
An Illustration from West Texas
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Slaton, Texas
• Offered to be the Home of TX Tech • Population about 9,000 • Bedroom Community to Lubbock • Lower Income Neighborhood • Hard Working Residents • Over 50% are LMI • Civic and Faith Community:
– Value Education – Concern for Working LMI – Exploring a Strategy – Lubbock Area Foundation
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Questions…
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Center Resources
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A Decade of Field Work
The areas with “STARS” are locations where the Center has completed projects.
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Keys to Economic Success Local Responsibility Smart Game Plan Robust Investment Entrepreneurial Development Systems Sustained Effort Growth Entrepreneurs Attributes of an Entrepreneurial Community Immigrants & New Residents Real Regional Collaboration Civic and Social Entrepreneurs
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New Book
January 2014 Release
Contents… Case for Entrepreneurs Entrepreneurial Community Action Framework Working with Entrepreneurs Guiding & Tracking Progress
Paper & E Book
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E2 University Online
Rollout in 2014…
Resources: • Guides • Tools • Protocols • Training Webinars • Exercises & Illustrations • Videos, Stories & More
University
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Web site
We have produced a new and improved web site with more free resources and better guidance to compensated resources. Give it a spin. Also… we have four electronic newsletters that are free. Sign up today and benefit from all the resources covered in our newsletters.
www.energizingentrepreneurs.org
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Working with Es Webinars
Beginning next summer and fall we will be offering community and professional webinars on working with entrepreneurs and community-based entrepreneur-focused development.
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Questions…