Posted in Inclusion

Growing Minority-Owned Startups

Categories:

Ray Leach of JumpStart shares this good news:

A new minority-focused initiative called the Emerging Market Fund (EMF) received significant support totaling $500,000 from the state’s Third Frontier Program. Darrin Redus, JumpStart’s Chief Inclusion Officer, and I have been working with leadership from the private sector to help get this new for-profit pre-seed fund off the ground.

This fund will operate in a very similar manner to the North Coast Angel Fund but be focused on minority companies and firms in the inner cities of Northeast Ohio. The EMF was the only new fund supported by the Third Frontier in this round. The collaborators in this new Fund include: National City Bank, the Greater Cleveland Partnership, the Commission on Economic Inclusion, the Minority Business Accelerator 2.5+, the Ohio Capital Fund, The President’s Council, TechLift, the Partnership for the Minority Business Accelerator, the Northern Ohio Minority Business Council, the Urban League of Greater Cleveland and Shorebank Enterprise Cleveland.

This new fund is another way for the region to accelerate the growth of minority-owned enterprises. Northeast Ohio must do a better job of providing access to economic opportunities for minorities if our region is to be globally competitive. Our entire economy will be held back if a large percentage of residents are left behind.

Comments

I count 11 collaborators fussin’ over $500,000. How much of that $500,000, with all this expert help, do you figure will reach the “fundee (-s)?”

This isn’t like one of those Sally Struthers things, is it?

 

Tim, Thanks for the post. Lots of partners doesn’t necessarily mean the money will be spread among all of them. It more likely means that all of the parties recognize a need, agree on the strategy for meeting that need and are prepared to take action jointly to meet it. But I’ll look into it to see what the next steps are in getting this fund off the ground and will share what I learn.

How did CAAO get left out of this one?

Posted in Talent

Opportunity for 11,000 Jobs

Categories:

It’s always dangerous when guys like me try to do math, but some recent research has sent me to the calculator and I think I’ve found a way to create about 11,000 jobs in Northeast Ohio.

NorTech this week shared some preliminary research on the state of the High-Tech Sector in Northeast Ohio by Ziona Austrian and Jill Taylor at the Center for Economic Development at CSU’s Levin College of Urban Affairs. NorTech will be issuing a final report soon, but the one item from the preliminary data that grabbed me was our region’s relatively poor performance when it comes to research and development conducted at our colleges and universities. The data looked at R&D spending on a per capita basis. In the U.S., R&D expenditures at academic centers equal $345 per employee. In Northeast Ohio, R&D spending is just $192 per employee, or $153 less than the national average. About 2 million people work in Northeast Ohio. Which means to just reach the national average, Northeast Ohio would have to increase R&D spending by $306 million a year. According to this study, 36 jobs are created for every $1 million in R&D spending. A $306 million increase in R&D spending would then result in 11,016 new jobs in the region.

What would you be willing to do if it meant adding 11,016 jobs to the region?

The University Study Commission, in its final report, recommended the funding of the North Shore Graduate and Research Alliance to expand the funded research base; to attract graduate students and research faculty; and to enhance and coordinate academic and industry partnerships in research and innovation.

That would be a first step. But we’ll clearly need to do more to expand our research capacity to catch up with the rest of the country and create those 11,000 jobs.

Posted in Uncategorized

Agriculture: Strategies for Successful Regional Agenda Development

  • Regionalism Strategies

    Categories:

    Regional development of an agriculture agenda is truly an essential part of the business stimulus dialogue. But, like managing any regional initiative, the creation of such ventures requires much more delicate facilitation than one might expect.

    The aim of any successful regional business initiative is two fold: meet the needs of each individual stakeholder WHILE AT THE SAME TIME create a common platform among multiple stakeholders. It’s sort of like blending multiple scores of music together to create an orchestral piece.

    The problem is, regionalism is still understood / perceived as a fancy word for merger, and merger naturally implies LOSS. And ‘loss’ brings along with it conscious and unconscious fears.

    It’s important that any regionalism effort first be articulated and developed as a partnership initiaitve where no one will lose. They might CHANGE, but they won’t lose. It is also important to honor people’s fears.

    Launching the work is the hard part. The approach we use at CTP is Synergistic Improvement© and encompasses three (3) phases:

    Phase 1: System Audit and Asset Mapping
    Phase 2: Visioning, Leadership and Stakeholder Mobilization
    Phase 3: Integration and Accountability

    These phases ensure successful regional agenda development effort; or, as we call it: reciprocal partnership or consolidation.

    A skilled facilitator should be able to facilitate the unfolding of these phases using process and culture building techniques to make sure what is created is rooted in the SOURCE (i.e. the stakeholders) and NOT in the priorities set by others who “supposedly” know better and have done all the right research.

    LAYING THE FOUNDATION: This implies that the most important aspects of any regionalism effort is getting all the respective stakeholders AT THE TABLE, not just the ones with which we are comfortable.

    In agriculture, that would include everyone in Tier One (1) of the production network, including grain provider, farmer, immediate support sources (pesticide companies, equipment providers, etc…), emerging agriculture students, and immediately impacted corporations. If cows or produce could speak – I’d make sure they were at the table, too.

    Tier Two (2) stakeholders could also be engaged, if you really wanted to ensure systemic innovation. These stakeholders might include: academic representation, national association representatives, federal agriculture regulators, corporate industry leaders, and EVEN competitors.

    This intentional multi-stakeholder / multi-sector representation construct is the framework within which change and benefit can occur for everyone. And the honoring of everyone within the intended industry paradigm also ensures the process unfolds with respect and dignity.

    I don’t know many merger efforts where respect and dignity are a priority.

    CREATING THE CULTURE: In addition to getting the right stakeholders at the table to support the foundation, it is imperative that HOW this group works together is skillfully guided.

    The culture in which change and planning unfold will determine the end product.

    Culture building dynamics must be woven throughout to affect: individual reflection, communication sharing and trust building. Some of the most proven techniques in culture building today include Appreciative Inquiry, Gestalt, Open Space and Transformative Change. Good technology applications can also really make a difference.

    Here, the foundation of WHO (is involved) and the culture of HOW goals are developed (the flavor of the process) blend together to set the stage for implemented the WHAT (Phases 1, 2 and 3 of development). If all this is aligned, planning becomes a place where synergy is released and innovation is born.

    All in all, a thorough approach to building a partnership agenda ensures the aims of regionalism can be met: cost savings, innovation, and sustainability.

    When we realize that regional economic development is, at its core, a psychological process intended to build a new system, we can look at these processes much differently and, therefore, develop constructs where everyone shares in the passion for change and campaigns on behalf of its success.

    Comments

    Georgia,

    The fear factor is so true.  As is the need to build trust.  And breaking down fear and building trust can only come, as you suggest, through dialogue and relationship building.  That is why it is so critical, in my opinion, that we build at system to support regional action that recognizes the barriers and breaks them down.  I don’t think that system exists today – we see examples here and there, but we don’t have a way to engage enough people in the right way so that we build momentum.

    In your experience, is the “who” that does the convening matter?  I’ve seen in other parts of the country a single organization build expertise and credibility as the convener (citizen-led organizations).  Do you have other examples?

    Thanks for this post!

    Laura Steinbrink Director, Regional Partnerships [email protected]


Posted in Business Growth

Regionalism Strategies

Categories:

Regional development of an agriculture agenda is truly an essential part of the business stimulus dialogue. But, like managing any regional initiative, the creation of such ventures requires much more delicate facilitation than one might expect.

The aim of any successful regional business initiative is two fold: meet the needs of each individual stakeholder WHILE AT THE SAME TIME create a common platform among multiple stakeholders. It’s sort of like blending multiple scores of music together to create an orchestral piece.

The problem is, regionalism is still understood / perceived as a fancy word for merger, and merger naturally implies LOSS. And ‘loss’ brings along with it conscious and unconscious fears.

It’s important that any regionalism effort first be articulated and developed as a partnership initiaitve where no one will lose. They might CHANGE, but they won’t lose. It is also important to honor people’s fears.

Launching the work is the hard part. The approach we use at CTP is Synergistic Improvement© and encompasses three (3) phases:

Phase 1: System Audit and Asset Mapping
Phase 2: Visioning, Leadership and Stakeholder Mobilization
Phase 3: Integration and Accountability

These phases ensure successful regional agenda development effort; or, as we call it: reciprocal partnership or consolidation.

A skilled facilitator should be able to facilitate the unfolding of these phases using process and culture building techniques to make sure what is created is rooted in the SOURCE (i.e. the stakeholders) and NOT in the priorities set by others who “supposedly” know better and have done all the right research.

LAYING THE FOUNDATION: This implies that the most important aspects of any regionalism effort is getting all the respective stakeholders AT THE TABLE, not just the ones with which we are comfortable.

In agriculture, that would include everyone in Tier One (1) of the production network, including grain provider, farmer, immediate support sources (pesticide companies, equipment providers, etc…), emerging agriculture students, and immediately impacted corporations. If cows or produce could speak – I’d make sure they were at the table, too.

Tier Two (2) stakeholders could also be engaged, if you really wanted to ensure systemic innovation. These stakeholders might include: academic representation, national association representatives, federal agriculture regulators, corporate industry leaders, and EVEN competitors.

This intentional multi-stakeholder / multi-sector representation construct is the framework within which change and benefit can occur for everyone. And the honoring of everyone within the intended industry paradigm also ensures the process unfolds with respect and dignity.

I don’t know many merger efforts where respect and dignity are a priority.

CREATING THE CULTURE: In addition to getting the right stakeholders at the table to support the foundation, it is imperative that HOW this group works together is skillfully guided.

The culture in which change and planning unfold will determine the end product.

Culture building dynamics must be woven throughout to affect: individual reflection, communication sharing and trust building. Some of the most proven techniques in culture building today include Appreciative Inquiry, Gestalt, Open Space and Transformative Change. Good technology applications can also really make a difference.

Here, the foundation of WHO (is involved) and the culture of HOW goals are developed (the flavor of the process) blend together to set the stage for implemented the WHAT (Phases 1, 2 and 3 of development). If all this is aligned, planning becomes a place where synergy is released and innovation is born.

All in all, a thorough approach to building a partnership agenda ensures the aims of regionalism can be met: cost savings, innovation, and sustainability.

When we realize that regional economic development is, at its core, a psychological process intended to build a new system, we can look at these processes much differently and, therefore, develop constructs where everyone shares in the passion for change and campaigns on behalf of its success.

Comments

Georgia,

The fear factor is so true.  As is the need to build trust.  And breaking down fear and building trust can only come, as you suggest, through dialogue and relationship building.  That is why it is so critical, in my opinion, that we build at system to support regional action that recognizes the barriers and breaks them down.  I don’t think that system exists today – we see examples here and there, but we don’t have a way to engage enough people in the right way so that we build momentum.

In your experience, is the “who” that does the convening matter?  I’ve seen in other parts of the country a single organization build expertise and credibility as the convener (citizen-led organizations).  Do you have other examples?

Thanks for this post!

Laura Steinbrink Director, Regional Partnerships [email protected]

Posted in Talent Development

Dreaming Big and Transforming Education

I’m currently enrolled in an MBA program in sustainable business and am supposed to be writing a paper right now for my class.  Thanks to my professor, I have been sent on a stimulating journey of discovery that led me to (a) find kindred spirits in Colorado; (b) admiration for a true visionary; and (c) new ideas for how we can use technology to spread ANEO.

All of this because my professor sent my classmates and me a link to a video on YouTube (see link #1 below — but please keep reading first).  The statistics about population, education and workforce presented in it are stunning.  Since I am procrastinating from writing my paper, I decided to watch the video at link #2 and then I got really excited.  It is about our Education Works program on speed, and concludes with an invitation to join a global network of educators and citizens talking about how to transform education in the 21st Century (check out previous blog posts for info on EducationWorks).  Education Works is an infant network in Northeast Ohio of business, education, civic and funding leaders dedicated to trying different things in education to move the needle forward on 21st Century Skills.  The final leg of my procrastination journey led me Karl Fisch’s blog (he’s the visionary behind all these videos) where I found video #3.  In this video, Karl delivers a commencement speech for the graduating high school class of 2020, in which he talks about how technology has transformed education over the last 13 years.  (And I don’t mean changed — I mean totally transformed, as in, nothing like you know it today — NOTHING like you know it today.)

Posted in Talent

Free Money to Fill Your Talent Needs

Chris Mather, president of TechLift, has an offer that might sound too good to be true, but it isn’t. There is money available to help your company hire interns.

As Chris wrote in a recent post on the JumpStart blog?

Investing in our young people, those who are from Northeast Ohio as well as those who attend college in Northeast Ohio, is particularly important to our region. We have all heard about the “quiet crisis” and “brain drain” with regard to Northeast Ohio. Having the prospect of a good job in Northeast Ohio will keep our students here, and will ultimately make our region more vibrant and economically strong.

“So what about that free money?” you ask. There are a number of subsidized internship programs for Northeast Ohio technology entrepreneurial companies that will help pay for the interns you should hire anyway:

  • Third Frontier Internship Program – This program subsidizes interns from Ohio universities and colleges and Ohio students at other colleges and universities who are enrolled in scientific, mathematics, technology and engineering programs.