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ACEnet: Don’t Just Add,Multiply!
June Holley, ACEnetwww.acenetworks.org
June 2005
ACEnetThe Appalachian Center for Economic Networks is a regional entrepreneurship and economic development organization located in Athens.
Track Record 2004• Assistance to 301 entrepreneurs• Helped 63 start-ups• Increased business sales 67% over 2003• 140 new jobs
Enhance Your Regional Flavor!
Regional Flavor is a vegetable soup of all the different ways your region is unique, delightful, and fun.
Regional Flavor Cluster
Regional Flavor helps us link:– Specialty Food/Ag– Artisans– B &Bs– Restaurants– Recreation businesses
Ag from a Regional Flavor Lens
All farms value-add through:• organic• ag/tourism• specialty crops• local markets • direct markets
Spin Offs
• Businesses spin off new businesses•Casa Nueva Restaurant spins off 18 new businesses in 10 years
• Independent Restaurant Association increases no. of local restaurants• Lower costs by joint purchasing• Local restaurants buy 70-90%local; market farmers
Synergy 2: Entrepreneurs are networked
• Businesses share information $$$• market access• trends
• Businesses collaborate $$$• marketing & distribution• share workers• joint purchasing
• Businesses innovate $$$• work on products together
Catalyst Entrepreneurs AreContinually Innovating –help them build
a culture of innovation
Helps
Others
Develop
New
Products
Synergy 3: Build an exciting region that works together
Need regional infrastructure or support system to support entrepreneurs
Infrastructure is built through innovative, collaborative projects
All organizations need to become social entrepreneurs
Social Entrepreneurs Build the Cluster Networks
• Set up communication enhancers (mtgs, listservs, networking hubs)
• Identify needs/opportunities
• Collaborate to develop ever-changing programs, services
• Work with influential or catalyst entrepreneurs
Tracking That Makes A Difference
• Don’t just track jobs, track networks, collaborations and innovations
• Track and spend more time with catalyst entrepreneurs
Policy Strategies1. Local policy initiatives: county level
shifts in $
2. Policy Education• Strategies for Sustainable
Entrepreneurship www.cannetwork.org• Ohio Entrepreneurship Fact Sheet
3. Regional Entrepreneurship Network involves policy influentials