Economic Ju

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Transcript of Economic Ju

ScaleUp America

Innovation, Inclusion, Impact

Mike GreenCo-founder, Executive DirectorScaleupcampaign.org

Whose JOB is it to fix this?

The unemployment rate among African Americans has been twice the national rate nearly every year consistently since Dr. Martin Luther King was decrying the inequities of America’s economics in the 1960s.

Economic inequality is a historic and institutional

problem impacting America’s global

economic competitiveness

AMERICA’S PROBLEM

ScaleUp America

Mike GreenCo-founder, Executive Director@amikegreen2

Acceleration

of Innovation Economy

Agriculture19th Century

Manufacturing20th Century

Innovation21st Century

What does this mean?ECONOMIC TRANSITIONS IN AMERICA

BIGGERProfits

FEWERWorkers

Who will create the jobs of the 21st century?

AMERICA’S PROBLEM

ScaleUp America

Mike GreenCo-founder, Executive Director@amikegreen2

Startups produced nearly ALL net new jobs in America since 1980!

Source: Kauffman Foundation

Businesses0 – 5 years

ScaleUp America

Mike GreenCo-founder, Executive Director@amikegreen2

42%

SHIFTING DEMOGRAPHICS

What does this mean?

How do we boost productivity from Black and Hispanic Americans?

ScaleUp America

Mike GreenCo-founder, Executive Director@amikegreen2

America needs more job creators!

WHO WILL CREATE THEM?

Karen MillsSmallBusinessAdministration

60% 44%

Growth among Black and Hispanic entrepreneurs is more than triple and double the national average of 18%

Who will rescue America in her desperate need for more entrepreneurs?

<1% <2.5%

All black-owned businesses in America produce LESS than 1% of GDP.

Combined with Hispanic-owned businesses the total business productivity as a percentage of GDP is LESS than 3.5%

How do we fix this problem?

How do we connect 20th century economically

disconnected communities to 21st century resources and

opportunity?

AMERICA’S PROBLEM

ScaleUp America

Mike GreenCo-founder, Executive Director@amikegreen2

STEM / STEAMEDScience, Technology, Engineering, Arts, Math,

Entrepreneurship, Design

EntryPoint

TechWorkers

TechStartups

ScaleUp America

Mike GreenCo-founder, Executive Director@amikegreen2

ScaleUp America

Mike GreenCo-founder, Executive Director@amikegreen2

America’s Innovation Economy is fueled by entrepreneurs developing TECH STARTUPS.

TECH STARTUPS are fueled by Innovation Clusters that form Local Innovation Ecosystems.

Metros are primary places for STARTUP DENSE corridors and clusters.

Black and Hispanic entrepreneurs live right next door to many of these ecosystems but remain disconnected from them.

America’s STARTUP CULTURE

Can you map the Local Innovation Ecosystem in your region?

1.Change the economic narrative across urban and rural America

2.Promote Inclusive Competitiveness as a bipartisan vision and 21st century economic imperative

3.Connect economically disconnected communities to local innovation ecosystems and opportunity

ScaleUp America brings communities together to develop a

common vision of Inclusive Competitiveness and work

collaboratively toward developing economic inclusive frameworks to increase job growth and regional

economic competitiveness.

INCLUSIVE COMPETITIVENESS SUMMIT

EDUCATION COMMUNITY POLICY FUNDING

DEVELOPMENT INDUSTRY ENTREPRENEURS

COMMUNICATIONS

K-12 Public SchoolsCharter / Private SchoolsFaith-based schoolsVocational schoolsCommunity CollegesUniversities

Social / Health orgsCommunity DevelopmentHousing / ResidentialFaith-basedNon-government orgsParent / Student groupsFraternities/SororitiesLegacy Nonprofits 

GovernmentPublic-Private AlliancesFoundationsProfessional AssociationsElect/Appointed OfficialsWealthy/Powerful Individuals

Government/TaxpayersBanks / Financial orgsFoundationsPensionsPrivate EquityVenture CapitalAngel InvestorsCrowdfunders

Economic DevelopmentTech-Based Eco DevRegional Development Orgs (CEDS Planning)Real Estate DevelopmentPublic-Private PartnersFaith-based Eco DevUniversities

CorporationsMature Large / Small BizSuccessful StartupsGazellesProfessional AssociationsFraternities/Sororities

EntrepreneursAssociationsIncubatorsAcceleratorsConference/CompetitionsActivities/MeetupsHackathonsStartup Weekends

MediaPublic RelationsCorporationsGovernmentFoundationsPolicymakersNewsmakers/PunditsColumnists

Collaboration: Communities of Influence

IDENTIFYING WHAT WORKS

TechnologyAccess

Foundation

State of Ohio

Board of Regents

Connect to Resources to Scale Up

How do we start?• Create Awareness• Catalyze Collaboration: Policy, Vision, Strategy• Map Regional Assets• Impact Investing with measurable results

Contact Information

Mike GreenCo-founder , Executive Director ScaleUp America@amikegreen2 | scaleupcampaign.org