National Dialogue on
Entrepreneurship


Week of July 19 - July 23, 2004


Welcome to the National Dialogue on Entrepreneurship and e-News, an electronic newsletter sponsored by the Kauffman Foundation of Kansas City for followers of the entrepreneurial economy. Through e-News, we bring you short summaries and analyses of various trends driving the innovation economy. Please feel free to share this with friends and colleagues. To subscribe, visit www.publicforuminstitute.org/nde/join/

Did you know that links to the day's entrepreneurship stories from across the nation and around the world are posted each weekday at www.publicforuminstitute.org/nde? Bookmark it and stay informed about the latest entrepreneurship news. 

Current and archived issues of e-News are available online at www.publicforuminstitute.org/nde/news/enews.htm


National Dialogue on Entrepreneurship Capitol Hill Forums

Did you know that NDE hosts Capitol Hill policy briefings from time to time? If you’re based in the Washington DC area, or if you are ever visiting town, you might want to join us and meet the team behind the National Dialogue on Entrepreneurship. The next forum, scheduled for Thursday, July 29 (from 11:30 AM to 2:00 PM) in the Dirksen Senate Office Building (SD-562), will step back to explore the broader question, “If we want to further the innovation economy, what should be the priority policy issues for the U.S. Congress and the White House in 2005?”

To register, visit www.publicforuminstitute.org/nde


Education Pays

Major investment in education is the best economic development strategy, according to a new report released by the Economic Policy Institute (EPI). The EPI Report, Smart Money: Education and Economic Development, by William Schweke, argues that the real path to prosperity comes from creating high value, not from reducing costs. And, the best way to create value is to educate people in how to do it. Yet, Schweke notes that US federal, state and local education programs are all cutting back at a time when the need for more investment is greater than ever. The research summarizes nearly 180 different studies that point to a compelling connection between education spending and local economic development. By improving the lives of students, these education investments also help generate wealth and improve economic outcomes for local residents. Smart Money concludes with a wide variety of recommendations for improving schools and for finding new funds to support these increased investments.

To learn more about Smart Money: Education and Economic Development, by William Schweke (EPI, 2004), visit http://www.epinet.org/content.cfm/book_smart_money#author


Art Pays

Thanks in part to the impact of Richard Florida’s book, The Rise of the Creative Class, many of us have a better appreciation of the importance of the creative arts in stimulating local development. A new survey from Americans for the Arts assesses how American communities are doing on this front. The Creative Industries Survey measures the prevalence of arts-related businesses, institutions and organizations in major US cities and states. Not surprisingly, New York (with 54,895 arts-related businesses) and Los Angeles (48,862 arts-related businesses) dwarf other communities with the sheer range of their arts-related institutions. No other communities come close to this level of activity. However, when communities are assessed on a per capita basis, a slightly different pattern emerges. On a per capita basis, the following metro areas (in rank order) are America’s “most artsy:” Seattle-Tacoma-Bremerton, WA; San Francisco-Oakland-San Jose, CA; Los Angeles-Riverside-Orange County, CA; Denver-Boulder-Greeley, CO; and Dallas-Ft. Worth, TX.

To learn more about the Americans for the Arts Creative Industries Survey, visit http://www.americansforthearts.org/press/prcontent.asp?id=97


Youth Entrepreneurship in the UK

Last week, we noted that new U.S. entrepreneurship education standards had been developed. This week, we report the latest in entrepreneurship education from the other side of the Atlantic. Gordon Brown, Britain’s Chancellor of the Exchequer and a major advocate for entrepreneurship, has recently joined with other British leaders to announce a new campaign to promote entrepreneurship among British youth. The Make Your Mark-Start Talking Ideas campaign is designed to inspire young people to start their own ventures. The effort is led by Enterprise Insight, a new non-profit set up by leading UK business organizations. The campaign targets youth aged 14-25 and seeks to inspire them through stories of other successful youth entrepreneurs, participation in workshops, and assistance in tapping into local support networks. The project’s website (www.starttalkingideas.org) also hosts “The Manual,” an excellent on-line guide with tips for those trying to start their own businesses. 

To learn more, visit www.starttalkingideas.org


The Coming Broadband Boom

While parts of the telecommunications sector just seems to be getting back on their feet after years of tough times, there is much cause for optimism in new figures from the Yankee Group, a Boston-based consulting firm. The Yankee Group’s latest report on global broadband trends predicts that the number of global broadband subscribers should reach 325 million by 2008. Subscriber numbers will grow fastest in the Asia-Pacific region, but the North American market won’t be a slouch, as subscribers in this region are expected to double (from 34 million in 2003 to slightly less than 75 million in 2008) in five years. Broadband wireless use is expected to grow at the fastest rate, and should account for 8% of worldwide users in 2008. DSL will remain the most popular technology in global markets, but cable modem service will remain as the leading technology in the North American market. 

To access this report (released July 6, 2004), and other Yankee Group research reports, visit http://www.yankeegroup.com/public/news_releases/news_releases_by_date.jsp


CORRECTION: Last week's edition of e-News incorrectly listed the web address of our spotlight company, MetroBusinessNet.  Their website is www.metrobusinessnet.net.



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Mark Marich, Editor - mark@pfidc.org