Maureen Collins-Williams UNI Regional Business Center/SBDC.

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Presentation transcript:

Maureen Collins-Williams UNI Regional Business Center/SBDC

The Challenge In Rural Regions

Entrepreneurship is critical to rural revitalization: 1. Diversified Local Economies 2. Localized Decision Making 3. ”Stickiness” 4. Cost Effective Development

A Pilot Investment Into Rural Economic Vitality 2001 Beta Test in four NE Iowa Regions New Hampton 3,692 Independence 5,879 Parkersburg 1,804 West Union 2,585

A Comprehensive Approach Community Leaders… …and Entrepreneurs

Advanced Interactive Web Technologies

Creates Partnerships Between Service Providers Iowa Small Business Development Center System Iowa Community Colleges Iowa State Extension Iowa John Pappajohn Entrepreneurship Centers Community Vitality Center Institute For Social and Economic Development

Community Empowerment Business Assistance Capitalization Networking

Community Empowerment A diverse, local Task Force is created made up of: Entrepreneurs Youth Educators Minorities Immigrants Community leaders Volunteers

Community Empowerment Thinking Differently About Entrepreneurship Immigrant owned business Home based operations Spin-offs from existing firms Alternative ag ventures Technology companies

Community Empowerment Thinking Differently About Innovators We must create a supportive environment Encourage Innovation Reward Success/ Respect Failure

Business Assistance- On Site Learning Clayton County, Iowa Fast Trac® Class, Fall 2005 Allamakee County, Iowa Marketing Workshop Spring 2006

Business Assistance- SBDC Consulting New Hampton Metal Fab $1.75 million loan package

Business Assistance- On Line Learning In the k drive is a web pic of Mike on a microphone doing Counseling online. Let’s put it here.

Business Assistance- On Line Navigators

Question to Legal Team : Could anyone tell me what the proper way to submit website copyrights is? I have contacted the U.S. Copyright office and have sent in an application but am wondering… Do you recommend any good copyright/trademark professionals? Business Assistance- On Line Navigators Answer: I would suggest you contact an intellectual property attorney to discuss your copyright concerns. There are law firms that specialize in intellectual property (patents, copyrights, trademarks, etc.) I usually work with … Others in Iowa specializing in this area include…

Capitalization Soy Basics New Hampton $1.2 million Sara Sheets, Independence $25,000 Chip/Darlene Schwickerath New Hampton $250,000

Networking

Economic Impact in NE Iowa participants -Started or Expanded 31 companies - Created 121 new full time jobs - Leveraged $4.6 Million in New Commercial/Equity Investments

Grow Iowa Values Fund Counties Being Served AllamakeeCarroll HowardPoweshiek WinneshiekFayette ClaytonDelaware

Economic Impact To Date For Every 100 Entrepreneurs…. 20 Start or Expand a Rural Business Creating…. 75 New Full Time Jobs Leveraging…. $3.5 Million in New Commercial Investment