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Public Policy and Rural Entrepreneurship. National Public Policy Education Conference St. Louis, Missouri September 21, 2004. Entrepreneurial Genome: A Double Helix. Individual. Community. Entrepreneurial Genome. A successful entrepreneur can be viewed as a healthy, functioning organism.

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public policy and rural entrepreneurship

Public Policy and Rural Entrepreneurship

National Public Policy Education Conference

St. Louis, Missouri

September 21, 2004

entrepreneurial genome
Entrepreneurial Genome
  • A successful entrepreneur can be viewed as a healthy, functioning organism.
  • The “switches” in the entrepreneurial genome represent individual and environmental factors.
  • An entrepreneur’s probability of success depends on whether these switches are in the “on” or “off” position.
putting it together the healthy entrepreneur
Putting It Together: The Healthy Entrepreneur

Propensity

Education

Capital

Innovation

Labor

Team

Support Services

Mentors

Policy

Giveback

Networks

Feedback

slide5

Environment

Education and Development

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Source: Ewing Marion Kauffman Foundation, 2001

four government roles
Four Government Roles

Producer

Facilitator

Enabler

Prohibitor

slide10

Do residents have a propensity

to become entrepreneurs?

slide11

Do residents have the

knowledge and skill associated

with entrepreneurship?

slide12

Are resident

entrepreneurs

succeeding?

what s wrong with this picture
What’s Wrong with This Picture?

Other

99.3%

E-Activity

70%

Other

30%

E-Activity

0.7%

Percentage State Economic Development Resources for Entrepreneurship Development

Percentage Difference in Economic Growth Explained by Entrepreneurial Activity

Source: Global Entrepreneurship Monitor 2000

Source: NASDA Survey of State Expenditures 1999

the political challenge
The Political Challenge
  • Entrepreneurship represents:
    • “patient” economic development.
    • “incremental” economic development.
    • “venture” economic development.
  • For many politicians:
    • “wealth” is still a four-letter word.
examples of policy innovations
Examples of Policy Innovations
  • Entrepreneurship Education
    • Not in addition to state standards; as a technique to teach to standards
  • Unemployment Insurance
    • Give entrepreneurship the same weight as “pounding the pavement” looking for a new job
  • Use of Public Schools and Community Colleges
    • Entrepreneurship Laboratories
    • Adult Entrepreneurship Education
    • Networking events
  • Tax Deferrals (versus abatements)
readings
Readings
  • “The Public Policy Arena,” Jay Kayne, Ewing Marion Kauffman Foundation, 1999
  • “State Entrepreneurship Policies & Programs,” Jay Kayne, Kauffman Center for Entrepreneurial Leadership, 2000
  • “A Governor’s Guide to Strengthening State Entrepreneurship Policy,” National Governors Association, 2004
  • “American Formula for Growth,” National Commission on Entrepreneurship, 2002
  • “Entrepreneurship: A Candidate’s Guide,” National Commission on Entrepreneurship, 2002
readings1
Readings
  • The Emergence of Entrepreneurial Policy, David Hart (editor), Cambridge University Press, 2003
  • Global Entrepreneurship Monitor, Executive Report (available for 1999-2003)
  • “Entrepreneurship as an Economic Development Strategy,” Jay Kayne, Center for Rural Entrepreneurship, (forthcoming)
for more information
For More Information

Jay Kayne

Cintas Chair & Professor of Entrepreneurship

Richard T. Farmer School of Business

Miami University

513-529-9298

[email protected]

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