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Building An Entrepreneur Friendly Community Carroll

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Building An Entrepreneur Friendly Community Carroll Powered By Docstoc
					Building An
Entrepreneur Friendly
Community
Carrollton, Ohio
             Presentation Goals

• Raise the awareness regarding the value of
  entrepreneur based employment in Carroll
  County

• Identify the community services to build a
  knowledge economy

• Outline the “Building an Entrepreneur Friendly
  Program” of Ohio State University Extension
          Economy Transitions


• Agriculture
• Manufacturing
• Knowledge
A Manufacturing
Economy
           President Eisenhower and
                   the 50’s



What major construction program did
 President Eisenhower initiate that
 changed the American economy?
                         Carroll County Quarterly
                         Employment: 2nd Quarter 2006


Government                        2092   Other                               212

Manufacturing                     1451   FIRE                                134

Retail trade                      823
                                         Art, Entertainment & Recreation     128


Health Care & Social Assistance   718
                                         Administrative & Waste Services     119


Accommodation & Food Services     680
                                         Professional & Technical Services   96
Construction                      254
                                         Information                         42
Transportation                    237

Wholesale Trade                   212    Agriculture and Forestry            19
                              Carroll County Manufacturing
                                                         Source: Ohio Bureau of Labor Market Statistics




Year                          2000        2001        2002        2003        2004        2005




Number of Establishments             40          43          46          44          43          43


              All Employees     2,096       1,932       1,868       1,315       1,205        1,238



            Total Wages (in
                              $73,571     $66,147     $65,168     $43,665     $39,916      $45,686
               thousands)


       Average Annual Wage    $35,102     $34,242     $34,886     $33,207     $33,118      $36,913
                              Workforce Region 16:
                              Manufacturing


Item Type                   2000         2001         2002         2003         2004         2005

Number of Establishments           172          171          177          171          159          151

            All Employees      8,341        7,511        7,534        6,459        6,103        6,123

         Total Wages (in
                            $325,914     $287,380     $282,317     $255,155     $248,737     $279,499
            thousands)

   Average Annual Wage       $39,074      $38,261      $37,472      $39,504      $40,757      $45,647
                                Carroll County Retail Trade
                                Source: Ohio Bureau of Labor Market Statistics




Item Type
                         2000        2001        2002        2003        2004        2005


           Number of
                                69          68          65          69          70          72
       Establishments

        All Employees       837         827         776         735         742         763

       Total Wages (in
                         $15,649     $15,155     $13,909     $13,975     $14,521     $15,379
          thousands)

 Average Annual Wage     $18,687     $18,329     $17,917     $19,007     $19,581     $20,144
                                       Ambulatory Health Care
                                       Services Source: Ohio Bureau of Labor Market Statistics


                              2000         2001         2002         2003         2004         2005
Item Type


Number of Establishments              17           18           19           19           19           19

             All Employees           143          141          164          164          178          184

            Total Wages (in
                               $2,644       $2,714       $4,132       $4,463       $5,005       $5,078
               thousands)

    Average Annual Wage       $18,477      $19,248      $25,247      $27,212       $28,116     $27,672
                                Carroll County Accommodations
                                and Food Service
                                Source: Ohio Bureau of Labor Market Statistics




                             2000        2001        2002        2003        2004        2005
Item Type


                Number of
                                    42          41          42          45          46          46
            Establishments

            All Employees       533         551         531         552         571         576

        Total Wages (in
                             $4,116      $4,299      $4,235      $4,504      $4,739      $4,709
           thousands)

   Average Annual Wage       $7,718      $7,809      $7,971      $8,156      $8,295      $8,171
                                      Carroll County Construction
                                      Source: Ohio Bureau of Labor Market Statistics




                              2000         2001         2002         2003         2004         2005
Item Type



Number of Establishments              64           69           72           74           72           76

             All Employees           268          317          307          292          267          259

            Total Wages (in
                               $6,597       $8,914       $8,591       $8,584       $7,892       $6,963
               thousands)

    Average Annual Wage       $24,602       $28,118     $27,953      $29,448      $29,559      $26,886
                           Carroll County Non-Store Retail
                           Trade
                           Source: Ohio Bureau of Labor Market Statistics




Item Type
                         2000   2001        2002        2003        2004         2005



           Number of
                           NA           4          4           4            4           4
       Establishments

        All Employees      NA          12          14          14           13          18

       Total Wages (in
                           NA      $286        $297        $331        $303        $425
          thousands)

 Average Annual Wage       NA   $23,060     $20,964     $23,236     $22,554      $23,585
                                      Carroll County Other Services
                                                                     Source: Ohio Bureau of Labor Market Statistics




Item Type
                              2000         2001         2002         2003         2004         2005




   Number of Establishments          42           41           47           47           46           43



              All Employees          191          192          185          208          234          212



 Total Wages (in thousands)     $3,255       $3,184       $2,807       $3,209       $3,793       $3,449



       Average Annual Wage     $17,033      $16,576      $15,177      $15,429      $16,246      $16,308
                                    Information


Item Type                    2000        2001        2002        2003        2004         2005



  Number of Establishments          7           7           7           7            8           8

             All Employees          93          85          87          95          103          74

Total Wages (in thousands)     $2,589      $2,466      $2,477      $2,910      $3,389       $2,438

     Average Annual Wage      $27,716     $29,098     $28,632     $30,661     $32,846      $33,167
                            Transportation



                            2000   2001   2002   2003        2004        2005
Item Type


            Number of
                              NA     NA     NA          28          29          27
        Establishments

            All Employees     NA     NA     NA      178         188         191

        Total Wages (in
                              NA     NA     NA    $6,322      $6,887      $7,312
           thousands)

  Average Annual Wage         NA     NA     NA   $35,531     $36,632     $38,248
                                          Professional Services
   5411 - Legal services
   NA=suppressed due to confidentiality

   Item Type
                                   2000         2001         2002         2003          2004          2005
   (definitions)


     Number of Establishments             8             8           7              7            6            6

                   All Employees          20           22           20            18           16            17

   Total Wages (in thousands)         $292            $351        $332        $350            $262       $358

         Average Annual Wage        $14,548      $15,995      $16,789      $19,082       $16,518       $21,451


541940 - Veterinary services
NA=suppressed due to confidentiality

Item Type
                                   2000        2001      2002       2003         2004          2005
(definitions)

Number of Establishments             NA          NA          NA          NA               3             3
                All Employees        NA          NA          NA          NA              20            19
            Total Wages (in
                                     NA          NA          NA          NA            $461          $477
               thousands)
    Average Annual Wage              NA          NA          NA          NA      $23,033        $24,568
                         Ohio Job Outlook 2014
                         Source: Ohio Bureau of Labor Market Statistics




                                               Thousands

 Education & Health Serv
                                                                                                        142.0
Prof. & Business Services                                                                          123.0

  Leisure and Hospitality                                                             60.8

             Government                                                        47.0

 Wholesale & Retail Trade                                                      46.6

            Construction                                           24.8

      Financial Activities                                        22.4

          Other Services                                          21.9

Transportation & Utilities                                      18.0

             Information                                  4.9

       Natural Resources                       -9.1

           Manufacturing       -77.7

                        -100           -50            0                   50                 100         150
                    Industry Growth 2004-2014
                    Source: Ohio Bureau of Labor Market Statistics




40
            Projected Percent Change                                                                                                                                                       30.6
30                                                                                                                                                             27.8

                                                                                                                                                                                  19.7                         19.2 17.7
20
                           11.4 10.6                         10.3                        10.3 9.7                      11.6            10.5                                                                                            12.3 11.8
                                                                                                                                                                                                                                                 9.6 10.0
10                                                                                 5.5                                           5.3                     7.2                                                                                                                6.2

 0

-10                                        -5.4
      -14.5 -9.0                                      -9.4
                                                                                                                                                                                                                                  U.S.                           Ohio
-20

-30
       Natural Resources




                                                                                                                                                                                                                                                Other Services
                                                                                                                                        Financial Activities
                                             Manufacturing




                                                                                                                                                                                            Education & Health Serv
                            Construction




                                                                                                                       Information
                                                              Wholesale & Retail Trade




                                                                                                                                                                Prof. & Business Service




                                                                                                                                                                                                                                                                    Government
                                                                                          Transportation & Utilities




                                                                                                                                                                                                                      Leisure and Hospitality
The Knowledge
Economy
        The New
        Superhighway




What is today’s new superhighway?
TECHNOLOGY
             Knowledge Based
             Economy
• Use of information to generate ideas leading to
  new innovations

• Knowledge based growth is created from
  people’s ability to combine education,
  experience and ingenuity
                    Source: Can Rural America Support a Knowledge Economy
                   Henderson & Abraham; Federal Reserve Bank of Kansas City



• Entrepreneurs are a key driving force of the
  knowledge economy
           A Knowledge Based
           Business
• Is a childcare service a knowledge based
  business?
               Knowledge Economy Skill
               Level
• Ohio needs more then 450,000 additional college
  graduates in the next few decades to participate in a
  better state economic future

• These additions must come from high-achieving youth
  in low income families who haven’t in the past
  considered college

                             Source: Tally Hart, OSU Office of Economic Access
               Youth & Entrepreneurship

• Gallop Poll indicated 69% of high school students
  wanted to start their own business; 84% felt unprepared
  to do so

• How many people have a desire to be an entrepreneur?
  Whatever the number, in places with supportive
  environments the number rises


               Source: Center for Rural Entrepreneurship, Rural Policy research Institute
                  An Entrepreneur
•    An entrepreneur is about the person, not the type of
     business

•    Some Characteristics of Entrepreneurs
1.   Creative
2.   Innovative
3.   Problem Solving
4.   Resourceful


•    These are also characteristics employers are seeking
     from employees in other sectors of the economy
           Three Types of
           Entrepreneurs
• Lifestyle Entrepreneur

• High Growth Entrepreneur

• Serial Entrepreneur
Lifestyle Entrepreneurs
Source: Center for Study of Rural America Federal Reserve Bank of
Kansas City
           Lifestyle Entrepreneur

• Main goal is to provide personal income or
  support a lifestyle

• Create breadth in a community leading to
  a quality of life
           High Growth Entrepreneur

• Create and grow a new businesses

• Add a significant number of jobs to a
  community while adding value to the local
  economy
           Baby Einstein

• Founder: Julie Aigner-Clark from her
  home in suburban Denver in 1997

• Julie and husband invested $18,000 of
  their saving to produce first video

• Sold to Walt Disney Company in 2001
            Serial Entrepreneur

• Create a new venture and then sell it to
  create another venture

• Motivation is the joy of creating ventures
           Go Big Network

Wil Schroter’s history:
• Age 19, from OSU dorm started Blue
  Diesel sold it five years later
• 1997 started Kelltech internet Services
  and sold it in three years
• 2003 created Swaplease
• Today is developing Go Big Network with
  offices in an OSU incubator
Being an
Entrepreneur Friendly
Community
                     Money Magazine Best Places
                     to Live Criteria: Indicators
                      Best Canton                            Best   Canton
Leisure & Culture                      Education
Movie Theatres 15 miles: 22       10   Colleges:                8           2
Restaurants:            2268    1026   Tech                     0           0
Bars:                    127     113   Test score reading:     13         -20
Libraries:                43      22   Test Scores math:       17         -21
Museums:                   7       4   % attend public:        88          92


Quality of Life                        Housing
Air Quality, good days:   72%    64%   Median price:         $260,000   $65,000
Personal crime, property: 45     204   Home price gain:        9.2            0
Personal crime, incident: 228    236
Median commute time:       21     16
Pop. With 45 min commute; 13       7
                     Money Magazine Best Places
                     to Live Criteria: Indicators
                  Best    Canton                     Best        Canton
Meet Neighbors                     Financial
Median Age:        34.5     34.7   Median family:    $76893       $40045
Some college:      64%      44%    Sales tax:           6.5%         6.0%
Married:            54%     41%    State Income tax: 2.74-6.46    .71-7.19
Divorced:           9%      14%    Auto Ins. Prem:     $2207        $1806
Spend vacation:   $7529    $5671   Job Growth:          10.97         3.42


Health                             Weather
% health plan:      88        86   Annual percip:       36 in.       38 in
BMI                 27        28   Clear days:          107          68
Cancer death       191       216   High Temp:           88           82
Cardiac death:     202       296   Low temp:            24           17
           Building an Entrepreneur
           Friendly Community Program

• A partnership between Ohio State
  University Extension and the Carroll
  County Chamber of Commerce and
  Economic Development Office

• Funded by a grant from United States
  Department of Agriculture Rural
  Development Office
           Building an Entrepreneur
           Friendly Community Program

• Goal: To build the capacity of local
  leaders to build and maintain an
  environment that supports creation and
  development of entrepreneurs
Supporting Entrepreneurs
Source: Center for Study of Rural America Federal Reserve Bank of
Kansas City
                                                  Carroll County Arts and
                                                  Entertainment Employment

71 - Arts, entertainment, and recreation
           NA=suppressed due to confidentiality




Item Type                                          2000    2001    2002   2003       2004       2005


Number of Establishments                              9       10      9          9          9      9

                      All Employees                  116     136    128     130        110        98

                    Total Wages (in
                                                   $925     $978   $945    $964       $804      $793
                       thousands)
                      Course Outline

Entrepreneur Need                      Course Design

•   A locally supportive culture       January 31: Overview
                                       February 28: Building a Local
                                          Culture


•   Connecting to local networks for   March 28: Building Strong Local
    assistance                            Networks
                                       April 25: Developing a Supportive
                                          Infrastructure


•   Finding financial capital          May 16: Creating Diverse Sources of
                                         Financial Capital
                     Course Outline

Entrepreneur Need                     Course Design

•   Build on strong local economies   September 13: Creating Agriculture
                                         Entrepreneur Opportunities



•   Access to regional networks       Date TBD: The GO BIG Network


Local Tools to Succeed

•   Maintain local networks           Date TBD: Business Retention and
                                         Expansion for Entrepreneurs
                    Course Outline

Local Tools to Succeed          Course Design

•   Maintain Local Networks     Date TBD: Developing and
                                   Supporting Volunteers

                                Date TBD: Economic & Community
                                   Strategic Planning



•   Business Support Services
                                Date TBD: Using Incubators

                                Date TBD: Finding, collecting and
                                   analyzing business data
                    Course Outline

Local Tools to Succeed          Course Design

•   Business Support Services   Date TBD: Building Regional
                                   Business Clusters
                 Further Information

For Further Information and To Make a reservation for a
  Particular Class Session Contact:

Rhonda Cogan, Executive Director
  P.O. Box 277
  61 North Lisbon Street
  Carrollton, Ohio 44615
  Phone: (330)627-5500
  E-mail: carrollchamber@eohio.net

				
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