Focusing on organic job growth in communities statewide.
It’s a hard lesson some communities must learn along the way. A big company leaves, and with it jobs. Hopes of a new employer coming to town are dashed by intense competition and deep pockets. In need of work, people move away, and when they do, the very soul of the community withers and wastes away. But there is a way to retain that intellectual wealth and economic vitality. By focusing on entrepreneurship and small business growth, communities can flourish organically, creating jobs, filling empty storefronts and keeping future generations engaged and in residence.
Spearheaded by the Washington State Department of Commerce, the state’s Startup Washington strategy is designed to strengthen communities by through the cultivation and retention of economic and intellectual wealth. It has not only gained the support of local economic developers, but is part of Governor Inslee’s long-term economic development efforts to create more quality jobs statewide.
Our goal with Startup Washington is to re-energize these communities and businesses with the entrepreneurial spirit, whether they are large or small. Technology allows people to live and work where they want to these days and it is Startup’s goal to provide the tools, resources, education and training needed to start, grow and expand a business anywhere in the state. Entrepreneurship is not just about education; it’s about successful adulthood.
Books to Read
An interview with…
Are you sitting down?
I want the world to know that I think recruiting business is the most effective economic development strategy around.
What? Has Maury finally lost it? For years you’ve heard me speak and write that recruitment is the devil’s work. And now I am opening my community door to the devil.
Last month, I finished my blog with lyrics designed to encourage parents to teach their children to grow up to be entrepreneurs. Frankly, I was surprised by the response. Within minutes after publishing it on social media, I was inundated with hundreds of messages from readers (O.K., so I may have rounded up a bit). Some offered to buy me a one-way ticket to Nashville; others suggested I keep my day job and that my momma should have read more Dr. Seuss to me as a child. Taking the life coach suggestions out of the mix, what I found interesting was that most people who took the time to write wanted me to mention that the arts are an essential component of any economic development strategy and that it also plays an important role in entrepreneurship.read more
So, consider: a handful of industries have driven the economy for more than 200 years. Ever since the industrial revolutions began rolling through the 18th and 19th centuries, petroleum, manufacturing, chemicals, natural resources and raw materials, banking, transportation, versions of communication technologies, weapons and real estate have been clustered at the top of the list, with business and political leaders looking out for each other. With centuries-old competition like that, what is a contemporary under-capitalized start-up to do? Find new access to capital, of course. Private investments have been stagnant for more than half a century and since 2008 banks, under intense scrutiny, are refusing to risk getting busted for making poor investments. Today’s innovative models are so new – most of them just a few years old – that they are still in quick-mode evolution. Fundraising ideas have never been so important or so available but they need to be better understood; millions of Google hits don’t really help.
Stephen Dunk works for the Washington State Department of Commerce as the Community Outreach Program Manager. The Outreach Program is charged with creating a presence and on-going relationship with rural, disadvantaged communities throughout Washington State. Stephen has been working for the Department of Commerce since 2007. Prior to Community Outreach, Stephen worked for the Public Works Board as a Regional Services Coordinator helping local governments build and retain local capacity and coordinating with state, federal and local funders to assist in financing critical infrastructure needs. From 2001 to 2007 Stephen worked for the Skokomish Indian Tribe as the Manager for Housing & Infrastructure Development. He has a Master’s Degree in Public Administration from the University of Colorado. Stephen was a Peace Corps Volunteer in Paraguay, South America and has a passion for travel, culture, rural communities and fly fishing!