Entrepreneurship Education for the Economic Development Professional
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Entrepreneurship Education for the Economic Development Professional: The Entrepreneurial Effect Patricia Greene, Ph.D. Ewing Marion Kauffman/Missouri Chair in Entrepreneurial Leadership Henry W. Bloch School of Business and Public Administration 5110 Cherry Street, Kansas City, MO 64110, USA Tel: +1-816.235.5841 Fax: 1-816-235-6529 E-mail: email@example.com Web site: www.bsbpa.umkc.edu Tom Lyon, Rockhurst University Sanjay Mishra, University of Kansas The traditional U.S. policy approach to economic development through the recruitment and retention of large scale businesses is no longer a sufficient path to community sustainability. The portfolios of economic development professionals must include the capacity to develop and support an entrepreneurial environment that allows for raising the awareness and skill sets of potential entrepreneurs, providing assistance to those in the process of trying to start a business and helping those entrepreneurs with an existing business take advantage of their full opportunities. This project, Entrepreneurial Effect, is a combination research agenda and outreach program designed to assist in the integration of entrepreneurship into economic development programs. The project was created by a university collaboration including the University of Missouri – Kansas City, Rockhurst University, and the University of Kansas. Initial funding was provided by the Kauffman Foundation. In this paper we review the analysis of the market need for such a program, explain the theoretical underpinnings of the course curriculum, and describe the delivery mechanism of the curriculum. The focus of the course is on how economic development professionals should understand the various types of entrepreneurs and know how to help the entrepreneur develop their business through direct and brokered services. Life cycles and growth orientations of entrepreneurs are also addressed regarding particular resource needs. The environment is approached from the perspective of defining an entrepreneurial environment, becoming familiar with the availability of existing assessment tools, and the tailoring of assessment tasks to match specific regions. A tool based module includes the creation of program inventories, stakeholder lists, and action plans.