Growing Jobs and Wealth: Economic Gardening in Oregon. JOBS. $3,000 . JOBS. $3,000 . Too good to be true? Maybe not. Who We Are. Valerie Plummer , Executive Director of Oregon Microenterprise Network (OMEN), AEO Board Member Michael Gurton , Program Director of OMEN’s Marketlink
Too good to be true? Maybe not.
We could attract more companiesto Oregon if we just…
We could grow more companies in Oregon if we just…
A: Local companies with <100 employees.
Source: National Establishment Time Series
“Second-stage companies are those that have grown past the startup stage but have not grown to maturity. They have enough employees to exceed the comfortable control span of one owner/CEO and benefit from adding professional managers, but they do not yet have a full-scale professional management team.
A business typically begins to enter its second stage when it approaches $1 million in total receipts.” -- Edward Lowe Foundation
Oregon should do more
Littleton, Colorado, 1987
100% Jobs growth: 15,000 to 30,000
333% sales tax growth: $6 million to $20 million
(only 25% population growth: 32,800 to 41,000)
Harvard Kennedy School: “Top 25 Government Innovation”
“We have to grow small companies headquartered here. The biggest talent gap is in marketing and sales”
– Bob DeKoning,
Oregon Entrepreneurs Network
“It was exactly what we needed to
Find new customers and grow. We never would have done it without the help we got.” – Doug Robertson
One year of GrowFL:
$1.5 million investment
1,458 Jobs (592.7 direct, 406.7 indirect, 458.9 induced)
$281.2 million sales/output growth
$133.6 million additional GSP
Florida Governor defunded program May 2011
D&B Data: private companies, Manufacturing NAICS, 10-99 employees, $1M to $50M in revenue
Does this fit the picture we have of Oregon?
…and many more