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Innovation, Entrepreneurship, and Collaboration in Rural AmericaBrian Dabson, Rural Policy Research Institute
Statewide Rural Economic Vitality Conversation
Sacramento, CaliforniaApril 28, 2005
April 28, 2005 Rural Policy Research Institute 2
Three EDS Lessons
Commitment, creativity, and resourcefulness across rural America
Key principles – systems, customer focus, regionalism, inclusiveness, effectiveness – accepted and embraced
Collaboration shows the way for rural America
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Economic Development Attraction
Persuading companies to come to your community
Retention Looking after what you already have
Entrepreneurship Growing your own jobs and wealth
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Economic Development Pyramid
Recruitment
Retention
Entrepreneurship
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Strategic Thinking
Attraction Competition
Narrow-mindedness
Retention Resistance to
change
Entrepreneurship Unprincipled
individualism
Collaboration
Stewardship
Creativity & Innovation
April 28, 2005 Rural Policy Research Institute 6
Simple Definitions Entrepreneurs…people who create and
grow enterprises Entrepreneurship…the process through
which entrepreneurs create and grow enterprises.
Entrepreneurship development…the infrastructure of public and private policies and practices that foster and support entrepreneurship.
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What is an entrepreneur?
A person who organizes and manages a business undertaking, assuming the risk for the sake of the profit
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What is an entrepreneur?
Visionary entrepreneurs develop innovations, create jobs, and contribute to a more vibrant national and global economy
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Differing Motivations Survival entrepreneurs – resort to creating enterprises
because there are few other options Lifestyle entrepreneurs – choose self-employment to
pursue personal goals Growth entrepreneurs – motivated to grow their
businesses to create wealth and jobs in their community Serial entrepreneurs – over their lifetimes will create
several businesses
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What is entrepreneurship?
April 28, 2005 Rural Policy Research Institute 11
April 28, 2005 Rural Policy Research Institute 12
Caveats to GEM Analysis
US 7th out of 31 countries in level of entrepreneurial activity but: Other countries in top 10 include
Venezuela, Argentina, Chile, Brazil, China
Uneven distribution of activity across and within states holding back long-term competitiveness
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Four Principles
Focus on the entrepreneur Focus on the community Focus on the region Focus on continuous learning
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CAN Success Factors
Central Appalachian Network Asset-based Entrepreneurship Entrepreneurial Communities Investment in Innovation Regional Markets Regional Catalysts
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Rural Economic Vitality =
Innovation +Entrepreneurship+Collaboration
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For more information visit:Rural Policy Research Center
(RUPRI)www.rupri.org
RUPRI Center for Rural Entrepreneurship
www.ruraleship.org