Uploaded byRyan Lilly
The EBI Network
The document describes the activities of the EBI Network, which works to promote economic development in west central Illinois through four strategic themes: entrepreneurship, innovation, globalization, and sustainability. The Network operates entrepreneurship and globalization centers that provide resources and assistance to local businesses. It also manages an incubator to help startup companies. The entrepreneurship center educates and counsels individuals looking to start businesses through workshops, training programs, and one-on-one advising. The goal is to support entrepreneurship across the region and help turn ideas into successful businesses that will strengthen the local economy.
The EBI Network
- 1. Economic Development &The EBI Network Who we are and how YOU can help.
- 2. Economic Development Director Sustainability Director Global Strategies Director Entrepreneurship Center Manager
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- 4. $1.2 Million EDAGrant
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- 6. Sustainability Director The SustainableBusiness Center Incubator
- 7. The Sustainable BusinessCenter Incubator
- 8. The Sustainable BusinessCenter Incubator
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- 10. Incubator Progress February 2012 Late 2012 Forecast
- 11. En Season CommercialKitchen & Cafe
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- 13. Global Strategies Director Globalization& Innovation Center
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- 18. Entrepreneurship Center Manager Entrepreneurship Center
- 19. Why Entrepreneurs Matter Represent99.7 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 past 17 years. Create more than half of the nonfarm private GDP.
- 20. Why Entrepreneurs Matter Hire43 percent of high tech workers ( scientists, engineers, computer programmers, and others). Made up 97.5 percent of all identified exporters and produced 31 percent of export value in FY 2008. Produce 13 times more patents per employee than large patenting firms.
- 21. Mission Statement Toeducate, engage and empower entrepreneurs in west central Illinois.
- 22. In a nutshell... “The greatest success in stimulating entrepreneurship is likely in communities with: a climate and a system of education and technical assistance that addresses the needs of entrepreneurs at all levels.” -- Entrepreneurship and Local Economic Development (Walzer, 2007)
- 23. Entrepreneurship Center Marketable Ideas+ Technical Assistance + Funding = Startup Businesses in Galesburg
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- 25. Entrepreneurial Ecosystem Small Businesses Entrepreneurial Startups
- 26. History • Center operatedfrom 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. Counseling Channels • Face-to-Face •Telephone • Online (Email or Video Conferencing)
- 28. Core Services • Feasibility Analysis • Business Plans • Retail Site Selection • Marketing • Industry Analysis • Funding Assistance • Website / Social Media • Workshops
- 29. Market Analysis • Allowsfor Better: – Market Analysis – Location Decisions • Example: Map of avg. ann. per person spending on food/beverages in Galesburg.
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- 31. Public Funding Within Galesburg: – Business Innovation Grant (BIG) – Revolving Loan Fund (RLF) – Downtown Façade Redevelopment – Worker Training – Many More Within the Region: – Funds available through the EDA grant
- 32. Operational Philosophy • “Everyonehas 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. 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
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- 36. Inventors “Rail Joint” Developedby 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
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- 38. Linda Lewis –Inventor and CEO of Flipple
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- 40. Get on theShelf
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- 43. Two Mindsets Idea Creator Idea Implementer Technical-Minded Business-Minded Creative, Right-Brain Logical, Left-Brain Inventions Innovations
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- 47. Community Venture Profile Source: Don Macke
- 48. Entrepreneurship Involves Perceived Ability PerceivedRisk Perceived Fear of Failure
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- 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
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- 55. Further Reading onGlobalization
- 56. Further Reading onGlobalization
- 57. Further Reading onInnovation
- 58. Further Reading onSocial Entre.
- 59. Contact Contact: Connect: Ryan Lilly, Manager 2900 W. Main St. Galesburg, IL 61401 309-371-0473 [email protected]
- 60. How can YOUget involved?
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- 63. Most of all... Wherever you go, always be on the lookout for opportunity. You’re part of our eyes and ears.
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