Growing Entrepreneurial Communities Summit
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- Lynne Owens
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2 Kansas City Rice County
3 2006 per capita income ranked number 102 out of 105 Kansas counties 2016 per capita income ranked number 95 out of 105 Kansas counties Agriculture Manufacturing Entrepreneurial Small Businesses 9 incorporated towns Lyons ~ Sterling If we re not going forward we re going backward. There is no STANDING STILL.
4 Why Entrepreneurship? Supporting larger businesses: Infrastructure Grants EDA/CDBG (water/sewer/roads/ rail spurs/railroad crossings) Property Tax Abatements (Economic Development Exemptions/IRB s) Other Programs Peak/HPIP/KIT/KIR/SBA/ SBDC
5 Why Entrepreneurship? Entrepreneurs: Dreamers Seek Opportunities Work Hard Innovators Choose their path Take Action Bring Services Bring Jobs Persevere BRING HOPE Supporting larger businesses: Infrastructure Grants EDA/CDBG (water/sewer/roads/ rail spurs/railroad crossings) Property Tax Abatements (Economic Development Exemptions/IRB s) Other Programs Peak/HPIP/KIT/KIR/SBA/ SBDC
6 Why Entrepreneurship? Entrepreneurs: Dreamers Seek Opportunities Work Hard Innovators Choose their path Take Action Bring Services Bring Jobs Persevere BRING HOPE Entrepreneurs Change Everything WE GROW OUR OWN! Supporting larger businesses: Infrastructure Grants EDA/CDBG (water/sewer/roads/ rail spurs/railroad crossings) Property Tax Abatements (Economic Development Exemptions/IRB s) Other Programs Peak/HPIP/KIT/KIR/SBA/ SBDC
7 Why Entrepreneurship? Entrepreneurship is a MINDSET that can EMPOWER ORDINARY people to accomplish the EXTRAORDINARY. -Who Owns the Ice House
8 $upporting Entrepreneurship Program Initiated Amount Rice County RLF 2007 $125,000 Sterling-Alden E-Community 2007 $300,000
9 What Worked? Local Boards! Strong Community Leaders Local Control of Funds Feelers for New Clients County-wide Point Guard Passion - Fire Funding became vehicle for: Business Planning Marketing Financial Projecting/Accounting Counseling
10 Challenges Silos Rivalry
11 Challenges Silos Rivalry Relationships Bridging the GAP Fotosearch.com
12 What Worked? Success leads to Success! Community is the New Currency! worldartsme.com
13 What Worked? It takes more than money to grow an Entrepreneurial Mindset
14 What Worked? Business Appreciation Luncheon
15 What Worked? Soup is meant to be enjoyed together. So, let us...learn together, eat together, lead together, and create success together. - Jon Gordon, SOUP
16 $upporting Entrepreneurship Program Initiated Amount Rice County RLF 2007 $125,000 Sterling-Alden E-Community 2007 $300,000 StartUp Kansas Rice County Micro Loan Rice County E-Community South Central Kansas Economic Development District On-Going On-Going $ 75,000 $247,000
17 Current Stats Source Total Loans Amount loaned out Left to loan Monthly Payments Rice County RLF 35 $ 492,800 $ 51,000 $ 4,878 Sterling-Alden E-Community Rice County E-Community Rice County Micro Loan 16 $ 299,200 $ 176,375 $ 3,050 8 $ 288,807 $ 48,166 $ 3,540 3 $ 67,000 $ 49,300 $ 205 StartUp Kansas 8 $ 165,300 N/A $ 1,975 LOAN TOTALS 70 $ 1,314,107 $ 324,841 $ 13,648 Other Public Loans $ 975,690 Private Loans $ 521,457 Owner Equity $ 478,700 Total Dollars infused into Entrepreneurs $ 3,289,954
18 ENTREPRENEUR SUCCESSES Start-up Businesses Expansion of Businesses Succession Businesses Food Truck Auto Body Shop Concrete Stamping Pasture Clearing Aerial Digital Photography Machine Tooling Company Call Center Hair, Nail Salon Trucking Company Technology Consulting Auto Repair Paint and Body Shop Detailing Shop Homemade Jerky Hotel 247 JOBS Hotel Restaurants Veterinarian Clinic Flower Shop Embroidery and Print Shop Used Car Dealer Accounting Firm Hardware Store
19 ENTREPRENEUR SUCCESSES Corwin s Corner SAEC - $36,000 RC RLF - $24,000 RCEC - $21,000 RC RLF - $14,000 Township KS Food Truck BANK - $14,850 RCEC - $40,000 RC Micro Loan - $15,000 BANK - $24,460 RCEC - $16,307 Breakfast Restaurant BANK - $52,000 RCEC - $40,000 RC RLF - $5,000 Call Center SAEC - $45,000 RC RLF - $32,000 New Image Trucking RCEC - $45,000 RC RLF - $52,000 StartUp Kansas - $45,000 SCKEDD - $384,000 RCEC - $15,000 RC RLF - $10,000
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