National Dialogue on
Entrepreneurship


Week of October 11 - October 15, 2004


Welcome to the National Dialogue on Entrepreneurship, an initiative of the Public Forum Institute made possible by a grant from the Kauffman Foundation of Kansas City. Through NDE-news, we bring you short summaries and analyses of various trends driving the innovation economy. Current and archived issues of are available online at www.publicforuminstitute.org/nde/news/nde-news.htm. To subscribe, visit www.publicforuminstitute.org/nde/join/

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. 


Note to Our Readers: Twice each year, NDE-news produces a “Books Issue” that highlights recently published books that might interest our readers. This year’s issue will be published in early December, so we’re beginning our scan for new and notable books on issues related to the entrepreneurial economy. If you have suggestions of notable books that have been published in 2004, please let us know by sending an email to nde@pfidc.org


Urban Entrepreneur Partnership to launch October 15

Following an announcement by President Bush at the National Urban League convention in Detroit in July, a partnership to include the National Urban League, the Ewing Marion Kauffman Foundation and the Business Roundtable will be launched at an event at the National Press Club on October 15. 
The initiative will create an urban network of entrepreneurship, with one-stop centers for business training, mentoring, financing, and contracting. It aims to expand economic empowerment and ownership, particularly in historically neglected or economically underserved urban areas. The initial phase of the partnership targets five communities: Atlanta, Cincinnati, Cleveland, Jacksonville, and Kansas City.

The national kick-off and briefing will take place on Friday, October 15, 2004 from 10:00-11:00 a.m. at the National Press Club in Washington, DC. Speakers at the event will include: Stephen Friedman, director of the White House National Economic Council; Carl Schramm, president of the Kauffman Foundation; John Castellani, president of the Business Roundtable, and Marc Morial, president and CEO of the National Urban League. 

For more information on the launch event, visit www.publicforuminstitute.org


Black Enterprise Small Business Awards

The October 2004 issue of Black Enterprise contains this year’s winners of the Black Enterprise Small Business Awards. Winners were selected because they have developed business concepts that “push black entrepreneurship to new heights.” This year’s winners are:

  • Emerging Company of the Year: CEO Faye Fields and Integrated Resource Technologies, an IT support and services firm based in Springfield, VA.

  • Rising Star Award: Colin Hill, CEO of GNS, an Albany, NY-based medical research firm.

  • Business Innovator of the Year: Iris Rideau, CEO of Rideau Vineyard in Santa Barbara, CA.

  • Teenpreneur Award: Camille Winbush, the 14 year-old co-star of The Bernie Mac Show also owns Baked Ice, an ice cream shop based in Pasadena, CA. 


To learn more about the Black Enterprise Small Business Awards, visit www.blackenterprise.com. The 2004 winners are profiled in the October 2004 edition of Black Enterprise.


 

SBA Support for Flood Victims

It’s difficult to successfully grow a business anywhere; it’s even tougher if you’re based in Florida and have just survived three separate hurricanes. As they do with all major disasters, the Small Business Administration’s disaster relief team is in place in 19 Florida counties deemed as disaster areas by President Bush. SBA’s Economic Injury Disaster Loans offer very favorable terms to homeowners and business owners. Business owners can borrow up to $1.5 million (at interest rates as low as 2.9% over 30 years) to replace or repair damaged equipment, inventory or real estate. While the loans won’t replace lost items, they do make it easier for affected entrepreneurs to recover. 

To learn more about SBA’s Disaster Relief programs, visit www.sba.gov/disaster


Business Needs in Denver

Denver, Colorado is one of America’s leading cities. Yet, like many cities, Denver needs to improve its efforts to support local entrepreneurs. That’s one key message from a new survey completed by Denver’s Office of Economic Development. The study is based on interviews with more than 350 local business owners, and the results are quite interesting. Survey respondents argued that many business opportunities exist in Denver, but that the region must do more to support local entrepreneurs. In particular, business owners find it difficult to network with their peers, and that the region’s entrepreneurial culture is lacking. In terms of city programs and services, most entrepreneurs seemed satisfied. However, some respondents expressed support for assistance in accessing capital, a streamlined permitting process, and improved communication between government agencies and business owners. This excellent survey not only provides a great snapshot of Denver’s business climate; it could also be used as a model for other communities seeking to survey local business owners.

The September 2004 study, Business Retention Study: Phase 1 Findings and Recommendations, by the Denver Office of Economic Development, is available at http://www.denvergov.org/moedit/report.pdf


Redesigning the American High School

In many ways, the High School is the Achilles heel of America’s educational system. When students perform poorly in high school, they are ill prepared for succeeding in the competitive global marketplace. A new initiative from the National Governors Association, led by Virginia Governor Mark Warner, is designed to address these shortcomings. “Redesigning the American High School” will focus on creating a ten-point plan that will allow governors to generate a system-wide reform of state high school programs. Expanded entrepreneurship and vocational education opportunities will likely be a big part of this initiative. Indeed, Governor Warner kicked off the task force at George Marshall High School in Falls Church, Virginia. George Marshall HS is widely recognized for its excellent Marshall Academy, which partners with business to provide basic grounding in business skills and will soon be offering a specialized program in entrepreneurship. 

To learn more about National Governors Association “Redesigning the American High School” program, visit http://www.nga.org/nga/newsRoom/1,1169,C_PRESS_RELEASE%5ED_7253,00.html

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National Dialogue on Entrepreneurship:

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E-mail:
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Mark Marich, Editor - mark@pfidc.org

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