Join host David Ponraj as he dives deep into California's groundbreaking initiatives for small business development with Tara Lynn Gray, Director of the California Office of the Small Business Advocate (CalOSBA). In this eye-opening episode, we explore the state's innovative technical assistance program and its mission to democratize access to capital for underserved entrepreneurs. From success stories like a San Diego doctor's journey through faith-based workshops to the transformative potential of mesh networks, discover how California is reimagining small business support. Gray shares her insights on scaling support for solopreneurs, implementing Governor Newsom's equity-focused executive order, and leveraging SSBCI 2.0 funding to create a more inclusive entrepreneurial ecosystem. Whether you're a small business owner or passionate about economic development, this conversation offers a compelling look at how California is working to bridge the gap between innovation and opportunity.Learn more about CalOSBA's work here: https://calosba.ca.gov/about/office-of-the-small-business-advocate/

Join Kim Vogel, Chief Strategy Officer at Economic Impact Catalyst, as she hosts an enlightening episode of Breaking Down Barriers with Melvin Coleman, President & CEO of the Atlanta Black Chambers. In this engaging conversation, Melvin discusses the innovative initiatives driving economic growth and support for Black-owned businesses in Atlanta. Discover how the Atlanta Black Chambers is making a difference and learn about the transformative strategies shaping the future of Black entrepreneurship.

This episode of the Economic Impact Catalyst podcast delves into the Wisconsin Economic Development Network (WiDEN). Host David Ponraj is joined by Marjorie Rucker, Executive Director of The Business Council, Inc., and Chair of the Ethnic and Diverse Business Coalition, along with Dr. Bri Robins, Director of Community Development at Economic Impact Catalyst. Together, they explore WiDEN's statewide initiatives and their potential nationwide impact.

This is a special edition of the Breaking Down Barriers Podcast. We've flipped the script and are interviewing our Founder and CEO, David Ponraj as we celebrate Economic Impact Catalyst's 6th Anniversary.

Join Kim Vogel from Economic Impact Catalyst as she interviews Jessica Eilerman, the founder of Forward Communities Consulting Group (FCCG), in this insightful episode on public-private partnerships (PPPs).Jessica Eilerman brings a wealth of experience to the discussion, with 18 years in public service, non-profit, and association management. Following her recent move to the Greater St. Louis area from Florida, she established FCCG with a mission to facilitate impactful economic, community, and policy development.During her tenure at the City of St. Petersburg, Eilerman spearheaded various initiatives in economic and business development, fostering collaborative relationships and formulating policies to support businesses. She also played a pivotal role in managing The Greenhouse, St. Petersburg's entrepreneurship and business development center.Prior to her city service, Eilerman served as the Southwest Florida Market Manager for Florida's Department of Financial Services, where she supported citizens and businesses across the Gulf Coast market.With extensive experience in policy development, project management, strategic communications, and community development, Eilerman is a recognized champion for small businesses and equitable economic development.Beyond her professional endeavors, Eilerman is deeply involved in volunteerism and community service, serving on multiple Boards of Directors and being recognized for her contributions, including being named St. Petersburg Area Chamber of Commerce's Member of the Year in 2021.Eilerman holds a Bachelor of Science from the University of Evansville and a Master's Degree from Webster University's School of Business & Technology, where she graduated with honors.Tune in to gain insights from Jessica Eilerman's expertise as she shares her journey and perspectives on driving impact through public-private partnerships.

In this episode of Breaking Down Barriers, we welcome Gisele Hamm, MA program director for the MAPPING the Future of Your Community strategic visioning and planning program at the Illinois Institute for Rural Affairs at Western Illinois University and Chris Merrett Dean for Innovation and Economic Development and the Director of the Illinois Institute for Rural Affairs (IIRA) at Western Illinois University (WIU). The IIRA is a university-based research, outreach, teaching, and policy development center that identifies and implements strategies for sustainable rural community and economic development. Merrett also serves as WIU Distinguished University Professor.Many rural communities across the country face challenges like population decline, limited resources, and a lack of opportunities. But there's good news: with strategic planning and a focus on homegrown solutions, these communities can not only survive but thrive.Empowering Communities to Take ChargePrograms like the Mapping Program, offered by the Illinois Institute for Rural Affairs, are making a difference. This innovative initiative brings community members together for a series of intensive workshops, fostering a grassroots effort to create a vision for the future. By working collaboratively, residents identify their community's strengths and weaknesses, establish shared goals, and develop concrete action plans to achieve them.Turning Challenges into OpportunitiesThe challenges faced by rural communities can be daunting, but they also present opportunities for innovation. Here are some key strategies to consider:Community Planning: Develop a data-driven plan with the Mapping Program or a similar initiative. Leverage hidden assets like community foundations to fund local projects.Supporting Small Businesses: Shift the focus from attracting large corporations to building an ecosystem that supports entrepreneurs. Offer training programs, create a welcoming environment for startups and remote workers, and establish co-working spaces.Workforce Development: Partner with local community colleges to develop training programs that equip residents with in-demand skills. Recognize the growing diversity in rural communities and expand opportunities for underrepresented groups to become entrepreneurs.Building Hope and Capacity: Tap into resources like Peace Corps Fellows and AmeriCorps VISTA volunteers to supplement local expertise. Provide ongoing support to communities that have completed a strategic planning program.Building a Brighter Future, TogetherBy working together, rural communities can overcome challenges and create a future filled with opportunity.  With careful planning, a focus on local businesses, and a commitment to developing a skilled workforce, vibrant rural communities can become a reality.

As part of the American Rescue Plan, the State Small Business Credit Initiative (SSBCI) 2.0 is providing billions to support small businesses and drive innovation across the country. In this interactive panel discussion, Host David Ponraj is joined by economic development leaders from California, Iowa and Mississippi as they share how they are designing inclusive, statewide Technical Assistance programs to ensure equitable access to SSBCI capital and resources. Here are some of the highlights:Overcoming Barriers Through Trusted ConnectorsPrograms bring in trusted community organizations as "connectors" to reach underserved entrepreneurs"It's important to have those boots on the ground, community partners...they're trusted compared to a state office" - Mary Kelly, Iowa Economic Development AuthorityMinority chambers, local libraries and more help build pathways to overlooked businessesDesigning for Equity and Inclusion From the StartCalifornia took an innovative "mesh network" approach by partnering diverse entities across categories"The intent was it would be collaborative...touching every industry from every corner of California" - Shalawn Garcia, California Office of the Small Business AdvocatePrograms focus on promoting capital readiness and access for all through targeted outreachMeeting Stringent Reporting &amp; Compliance NeedsRobust data tracking and customized systems ensure granular reporting to meet federal requirementsDetailed intake surveys capture business intel from the start to streamline compliance"We've been pleased with how easy it's been to modify systems for our specific process needs" - Don Calcote, Mississippi Small Business Development CenterFueling the Engines of Entrepreneurial GrowthAs the SSBCI 2.0 initiative expands access to capital, these states are pioneering inclusive models to clear the path for more diverse founders and businesses to thrive. Through innovative program design and strategic partnerships, they are unlocking entrepreneurial opportunities across America.Connect with us to see how to design your state’s Technical Assistance program to be equitable, efficient and compliant. Book a call with our team to learn more: https://calendar.app.google/4rVfGh3uJzoP7uVm8Connect with the Panel:Shalawn Garcia - CaLOSBAhttps://calosba.ca.gov/https://www.linkedin.com/in/shalawngarciasmith/[email protected] Kelly - Iowa EDAhttps://www.iowaeda.com/&nbsp;https://www.linkedin.com/in/marykellyy/[email protected] Calcote - Mississippi SBDC&nbsp;https://www.mississippisbdc.org/[email protected]&nbsp;#SSBCI #TA <a href="https://www.youtube.com/hashtag/technicalassistance" rel="noopener noreferrer"...

In this insightful discussion, Host David Ponraj speaks with John Dearie, President of the Center for American Entrepreneurship (CAE). John lays out a compelling case for why fostering entrepreneurship is pivotal for driving U.S. economic growth, job creation, and innovation. As America faces challenges around lackluster economic performance and declining startup rates, Dearie and his organization are working to put entrepreneurship at the forefront of the policy agenda. Some critical takeaways from this conversation:Why Entrepreneurship Matters:Entrepreneurship is critical for economic growth, job creation, opportunity expansion and rising wagesMost major innovations that have transformed economies stem from startups and entrepreneursU.S. entrepreneurship has been in decline for 4 decades, contributing to slower economic growthReversing this trend is "one of the most important and fundamental challenges facing the country"CAE's Mission:Educate policymakers on the vital role of entrepreneurship and reduce barriers to starting businessesAdvocate for an "American Entrepreneurship Agenda" addressing capital, talent, regulation, and moreChampion inclusive entrepreneurship by expanding access for women and entrepreneurs of colorSupport entrepreneurs at all stages from starting up to recovering from failurePolicy Victories:Established first Congressional Entrepreneurship Caucuses in House and SenateKey role in bills like the Expanding American Entrepreneurship Act and CHIPS and Science ActDriving policies to restore startup R&amp;D tax treatment and expand the child tax creditPushing for bankruptcy reform, affordable healthcare, and reducing student debt burdensFollow CAE for the latest on their work igniting entrepreneurial opportunities across America.&nbsp;The CAE website: https://startupsusa.org/CAE Socials: https://www.facebook.com/startupsusa/ https://www.linkedin.com/company/center-for-american-entrepreneurship/&nbsp;Connect with John Dearie: https://www.linkedin.com/in/john-dearie-b34565155/&nbsp;

In this episode, host David Ponraj is joined by Tarsha Hearns, Sr. Director at The DEC Network in Dallas, TX. Together, they shared the progress of our exciting, collaborative initiative to support underrepresented founders in Dallas. The Dallas-based Entrepreneur of Color Credit Enhancement Fund study was launched in 2023 with an anticipated fund implementation in the fall of 2024. This fund is a partnership between The DEC Network and Economic Impact Catalyst, with generous support from JPMorgan Chase, Bank of America, Kellogg's Foundation, and TD Jakes Foundation.&nbsp;Tarsha Hearns knows these challenges all too well. As an entrepreneur of color herself, she has lived the same struggle to access capital holding back so many others. During a recent conference session, Hearns provided raw insight into how DEC is working to change the status quo for diverse founders in Dallas. As Hearns explains, DEC undertook extensive research to unpack why so many minority and women entrepreneurs in the city could not access loans or investments. They conducted focus groups, surveys, and outreach to both business owners and the ecosystem meant to serve them.The findings revealed a complex web of disconnects that contribute to capital gaps in Dallas's historically underserved neighborhoods. Many local community development financial institutions (CDFIs), despite a mission to provide equitable funding access, were still rejecting minority applicants at concerning rates. This is often tied to issues like low credit scores or lack of traditional collateral -systemic barriers that disproportionately impact entrepreneurs of color.Faced with this reality, The DEC spearheaded the creation of a novel, ecosystem-based solution: the Inclusive Entrepreneurial Capital Initiative. Recognizing the need for alignment, this initiative brought CDFIs and banks together with small business support organizations on the front lines in underserved neighborhoods.The fund plays a crucial role in promoting equitable access to funding by offering tailored lending, products, and programs that address the unique capital access gaps that exist for entrepreneurs of color, while recognizing the specific needs and concerns of the Dallas entrepreneurial community. The Dallas Entrepreneur of Color Credit Enhancement Fund is at work to shape the next generation of diverse entrepreneurs.The DEC website: https://thedec.co/&nbsp;Recent Press about the Fund: https://dallasinnovates.com/bank-of-america-supercharges-the-dec-network-mission-with-120k-for-entrepreneurs-of-color/&nbsp;Connect with Tarsha Hearns: https://www.linkedin.com/in/tarshapolkhearns/

In this episode, Host David Ponraj digs into the immense potential in public sector work with Carroll Bernard, CEO &amp; Co-Founder at Govology.com, and former government worker at the U.S. Small Business Administration.&nbsp; Carroll and his team at Govology specialize in opening up opportunities in the $500 billion government contracting market to small businesses, as there is an immense gap in awareness about government programs."The government procurement process can seem daunting, but the reward is well worth the effort - very sustainable revenue streams that allow companies to grow. Do good work [for the government] and there's always more business available, unlike the budget constraints in the private sector."Carroll shares deep insights and processes to help small businesses navigate the government sales process and land those lucrative federal, state and local contracts; from researching spending data to crafting winning proposals.David and Carroll explore the advantages of the 8A program for small disadvantaged businesses, including sole source contracts and set-aside contracts, as well as the potential for teaming opportunities with larger businesses. The discussion covers the essential steps for businesses to register on sam.gov and qualify for government programs, including the importance of market research before registering on SAM and identifying relevant NAICS codes and product service codes. They delve into the intricate details of small business certifications and government contracting, highlighting the specific eligibility criteria and federal programs available, including individual-based certifications for service-disabled veterans, small disadvantaged businesses, and women-owned businesses, as well as location-based certifications like HUBZone.Learn more about public procurement at Govology.comConnect with Carroll Bernard on LinkedIn: https://www.linkedin.com/in/carrollbernard/Resource: USAspending is the official open data source of federal spending information,including information about federal awards such as contracts, grants, and loans. https://www.usaspending.gov/

In this episode, host David Ponraj has a no holds barred conversation with Donovan Duncan, Executive Vice President of Urban Strategies, Inc. They discuss USI’s place-based initiative that focuses on housing, people, and economic solutions. Donovan shares that having a strong sense of place and belonging is what makes a thriving community; it is the most central part of economic development. “Place is at the epicenter of all things, of all experiences, of transformation and change. It’s how people ground themselves in their identity.”&nbsp; He also shares some staggering statistics around homelessness and the wealth gap.&nbsp;Learn more about USI’s work in cities like Cleveland, which has a housing-first model with a goal of ending chronic homelessness by the year 2030 using an intentional, grassroots approach. They discuss fallacies around low-income housing, the good and bad of capitalism when it comes to equity, and the limited lens of credit scoring. Donovan also outlines his Big Hairy Audacious Goal for 2024, to incrementally lessen the wealth gap for African American households using a targeted, tracked and very specific method. An ambitious goal that can change the industry framework so that it meets the moment that we are in and creates opportunity for all.Connect with Donovan on LinkedIn: https://www.linkedin.com/in/donovan-duncan-7b5a8356/Email: [email protected]: https://urbanstrategiesinc.org/

In this episode, host David Ponraj speaks with Johnathan Holifield, published author and highly practiced economic development authority, about his book: The Future Economy and Inclusive Competitiveness. Johnathan, the Architect of Inclusive Competitiveness (™) is the former executive director of the White House Initiative on HBCU and senior vice president of Bitwise Industries,&nbsp; and who's now looking for his next big challenge where he can contribute to meaningful change.The two share an animated and deeply philosophical discussion about what defines and impedes economic equity and economic mobility in America. Economic mobility hinges on ownership – ownership of assets and ownership of skills. A combination of the two is the key for individuals to achieve economic equity.Johnathan shares that “the constitution protects us against racial discrimination, but doesn’t protect us with economic rights.” They discuss how the “race factor” has been a crutch when attempting to understand economic inequities, and that we haven’t been creative in addressing true solutions. Economic equity is hard to measure and is a difficult concept. That does not mean that it is not a critical concept worth measuring.&nbsp;A fascinating, deep dive conversation that chips away at the underpinnings of the wealth gap; and the previous and current superficial solutions that aren’t working and may, in fact, be widening that gap. Listen in to hear their in-depth insights, challenging questions and revolutionary solutions toward achieving real, measurable economic equity and inclusive competitiveness for all.About Johnathan Holifield: Johnathan is an Innovation Economy leader, civil rights advocate and former NFL athlete. His&nbsp; community roles, which evolved into economic development–especially with regard to&nbsp; tech / innovation–are of special note, including NAACP and other civic entrepreneurial roles, which opened the door to the VP, New Economy Enterprise, Cincinnati USA Chamber of Commerce and Founding Executive. Director, CincyTech. This began his career in economic development.&nbsp;&nbsp;What makes his career unique is the hard-to-match background in traditional community development and groundbreaking leadership in tech / innovation-based economic development.&nbsp;It is the blending of his multidisciplinary background into an interdisciplinary career in tech / innovation economic development that is unparalleled. His interdisciplinary career fueled creation of the Inclusive Competitiveness Framework.&nbsp;Connect with Johnathan on LinkedIn: https://www.linkedin.com/in/thetrimtabber/&nbsp;

In this episode, host David Ponraj and CO.STARTERS CEO Jose Alfaro discuss the power of collaborations between economic developers, entrepreneurs, local leaders, and other partners to drive economic growth. They share success stories from Nashville, Sioux Falls, and beyond, highlighting how CO.STARTERS initiatives create the infrastructure, culture, and investment needed to attract businesses and revitalize communities. Their conversation emphasizes the importance of supporting diverse entrepreneurs and investing in local leaders who understand small town needs. Alfaro also provides insights on building sustainable revenue sources for entrepreneurship programs through partnerships. Tune in to hear inspirational examples of how collaboration and entrepreneurship can reimagine economic development.About CO.STARTERSCO.STARTERS is a ten-week program that equips aspiring entrepreneurs with the insights, relationships, and tools needed to turn business ideas into action and turn a passion into a sustainable and thriving business.Learn more: https://www.costarters.co/aboutAbout JoseJose Alfaro stands out as an experienced leader with a proven track record of building sustainable and thriving business models on a large scale. His distinctive strength lies in recognizing and nurturing the unique gifts and strengths of individuals, enabling him to form cohesive and goal-oriented teams. At the helm of CO.STARTERS, Jose places a strong emphasis on empowering individuals to pursue their entrepreneurial passions, leading a global effort to transform the very culture of entrepreneurship. His leadership journey is marked by a dedication to building strong, sustainable communities and businesses.Connect with Jose: https://www.linkedin.com/in/jose-m-alfaro/

In this episode, host David Ponraj speaks with Matt Wagner, Ph.D, Chief Program Officer at National Main Street Center, about the vital role small businesses play in communities across America. They discuss how local businesses are the heart and soul of Main Street, serving as hubs for social connection and economic growth. Matt also speaks about his new podcast, Main Street Business Insights, and its inspiration to uplift the stories of small business owners who invest in their neighborhoods and towns, providing a platform for peers to learn from each other and highlight the convergence of social and economic impact.Matt was a previous guest on Breaking Down Barriers in 2021. Check out that episode here: https://economicimpactcatalyst.com/matt-wagner-on-breaking-down-barriers/About Main Street Business Insights&nbsp;podcastEach week, join host Matt Wagner, Ph.D., as he travels the country and takes a deep dive into the personal journeys of downtown and neighborhood entrepreneurs. The stories that far too often go unheard.&nbsp;Learn about the innovative ways that these Main Street businesses have overcome adversity, whether it’s starting a new enterprise or keeping a multi-generation business alive, and the advice they have for others on how to keep their businesses on track. Available where you get your podcasts. Subscribe today and get inspired, get informed, and get in motion. Learn more and listen here:&nbsp;https://www.mainstreet.org/howwecanhelp/mainstreetbusinessinsightspodcastAbout National Main Street CenterMain Street was established as a program of the&nbsp;National Trust for Historic Preservation&nbsp;in 1980 as a way&nbsp;to address the myriad issues facing older and historic downtowns during that time. Working with a nationwide network of coordinating programs and local communities, Main Street has helped over 2,000 communities across the country bring economic vitality back downtown, while celebrating their historic character, and bringing communities together.An exciting new chapter for the organization began on July 1, 2013, when the Main Street program launched as an independent subsidiary of the National Trust for Historic Preservation. This transition enables Main Street to build on its three-decade record of success, with new leadership and new resources that will help communities respond to evolving needs and opportunities in the commercial district revitalization field.In 2015, the Center launched a new program brand for the network of Main Street programs—Main Street America™—to reinvigorate our collective look, feel, and strategy to position Main Street as a leader locally, regionally, and nationally. Main Street America is based in Chicago, Illinois, with an office in Washington, DC, and field staff located throughout the country.&nbsp;

The Dallas Entrepreneurs Center (DEC) is on a mission to cultivate a thriving entrepreneurial ecosystem that empowers underserved communities. Through mentorship and connecting entrepreneurs to vital resources, The DEC Network helps businesses launch and grow across the North Texas region.With a focus on supporting entrepreneurs of color facing unique challenges, The DEC is committed to inclusive economic development. That's why the organization spearheaded the new Dallas Capital Access Initiative, created to address glaring disparities in access to capital following a 2019 study. In this episode, hear from Tarsha Hearns, Senior Director of The DEC Network, on her team's work to meet the immense unmet need for funding among minority and women entrepreneurs. Tarsha also speaks about her recent experience at the White House, where she met with President Joe Biden to discuss the unique challenges faced by women entrepreneurs and her advocacy on their behalf. The DEC Network continues leading the charge in providing historically underrepresented founders the tools to turn their dreams into thriving businesses.About The Dallas Entrepreneurs' Center (The DEC Network)The DEC Network is a 501c3 nonprofit organization driving parity and economic impact by helping entrepreneurs start, build and grow their businesses. Since 2013, we have been launching physical hubs, events, and education programs for startups, with a particular focus on women and entrepreneurs of color. Born from a shared vision among small business and entrepreneurship advocates, The DEC Network believes investment in entrepreneurs is an investment in the community.

EIC hosted an empowering webinar on Thursday, August 10th that highlighted NEW BOOST™ for Hidden Talent, a groundbreaking workforce development program for the BIPOC community. NEW BOOST™ for Hidden Talent provides customized skills training, career coaching, and job placement support to unlock the potential of talented individuals eager to meaningfully contribute their abilities.Attendees heard firsthand from program experts&nbsp;on how NEW BOOST™ for Hidden Talent is transforming workforce development by cultivating new career pathways and addressing systemic barriers to employment. The webinar provided valuable insights on implementing impactful workforce training initiatives that open doors, provide equal opportunities, and strengthen local economies.Panelists include:Vickie Patterson, Executive Director, Bay Area Workforce Development BoardDr. Bri Robins, Chief Operating Officer, Abaxent LLCRebecca Deshane, Vice President, Talent Development, New North, Inc.Hosted by EIC's&nbsp;David Ponraj, this conversation can now be accessed to gain the same actionable strategies and uplifting stories on empowering BIPOC communities through workforce development that were highlighted during the live event.Want to learn more about EIC's mission of driving equity through workforce development? Check out these blog posts:Nurturing Local Talent for Sustainable GrowthUnleashing Hidden Talent: The Transformative Impact of NEW BOOST™About the Speaker OrganizationsBay Area Workforce Development BoardThe Bay Area Workforce Development Board, consisting of selected community representatives, develops a skilled workforce by strategically allocating and coordinating resources to address community needs by working through others for the benefit of all. Bay Area WDB, a non-profit corporation, is the fiscal and administrative agent for funds and programming designed to deliver locally customized job training and workforce development initiatives. Learn more at https://www.bayareawdb.org/.Abaxent LLCAbaxent is a tailored Business, Process and Technology Solutions Consultancy. Through our solutions driven approach we leverage our deep network to find the best fitting Technology, People and Products (hardware and software), Process Optimization Solutions and Services offered. Our solutions are designed as individual or tailored bundled services at a competitive price. Learn more at https://www.abaxent-global.com/.New North, Inc.New North, Inc. is a 501(c)3 non-profit, regional marketing and economic development corporation that fosters collaboration among private and public sector leaders. New North was created in 2005 by business leaders to implement economic development strategies that leverage regional assets/capacities and engage regional collaborators to maximize the collective economic power of 18 counties. Learn more at <a href="https://www.thenewnorth.com/" rel="noopener...

In 2022, we partnered with&nbsp;The DEC Network&nbsp;to address the capital access gap among Black and Latinx entrepreneurs in Dallas County. With generous support from&nbsp;JPMorgan Chase &amp; Co.,&nbsp;The DEC Network&nbsp;and Economic Impact Catalyst (EIC) undertook an in-depth assessment to develop recommendations and effective interventions.Recent research suggests that equitable and non-predatory startup investment and small business capital is difficult to access for marginalized entrepreneurs in Dallas. Join us for a discussion with local leaders as we discuss how to better support communities of color and provide equitable access to funding through economic development initiatives. Panelists include:Tarsha Hearns, Senior Director of The DEC NetworkKay West, CNP, Vice President of TruFund Financial ServicesHolly Burrow, CEO and Founder of eqALL Business SolutionsYou can learn more about the Entrepreneur of Color Fund design discussed in this episode here. About the Speaker OrganizationsThe DEC NetworkThe DEC Network is a 501c3 non-profit organization driving innovation and economic impact by helping entrepreneurs start, build and grow their businesses. With a number of innovation hubs across DFW, we provide expert education, access to knowledgeable mentors and a vibrant community of like-minded entrepreneurs. Learn more at https://thedec.co/. TruFund Financial ServicesTruFund Financial Services, Inc. is a 501 (c) 3 certified Community Development Financial Institution (CDFI) headquartered in New York City with field offices in Alabama, Louisiana, and Texas. TruFund tailors its financial and technical assistance to the unique needs of each site—from contract mobilization lending in New York and Louisiana to rural Black Belt initiatives in Alabama. Learn more at https://www.trufund.org/.eqALL Business SolutionsEqALL is a social enterprise and entrepreneur support organization dedicated to changing the founder experience by creating eqall access to resources, support and capital readiness. We support startups and the spaces that grow them by helping organizations build capacity to serve small business founders through customized solutions designed to meet founders where they are. Learn more at https://eqall.co/.

In this episode, show host David Ponraj speaks with Leslie Lynn Smith, National Executive Director for GET Cities (Gender Equality in Tech) at SecondMuse, about her journey and lessons learned in economic development and ecosystem building.Listeners will learn about the importance of collaboration between different organizations and initiatives, thinking holistically about workforce development alongside fostering entrepreneurship, and the critical need to ensure inclusion in ecosystem building and community revitalization efforts.&nbsp;Leslie shares about her past work across Michigan, at Epicenter in Memphis, TN, and her recent work with Gender Equity in Tech Cities (GET Cities), a national initiative focused on increasing opportunities for women, trans, and non-binary people across tech ecosystems in several cities. She reflects on applying strategies from Detroit to build an inclusive entrepreneurial ecosystem in Memphis and bringing together different parts of the city's innovation economy, including designing interventions tailored to address specific inclusion gaps and challenges in each city.Key themes include facilitating connections between stakeholders, the value of convening, and maintaining a commitment to justice, equity, and community impact throughout Leslie's career navigating economic crises and driving change.Learn more about GET Cities: https://www.getcities.org/Check out Leslie’s most recent contributions in Forbes Magazine here: https://www.forbes.com/sites/forbesbusinessdevelopmentcouncil/people/lesliesmith/?sh=5cc70f7d4ca0You can also connect with Leslie via LinkedIn or email.&nbsp;

In this episode, show host David Ponraj and special guest Evan Adams examine the Dallas College Venture Club and Dallas College with Cristin Thomas, Senior Director of Small Business and Entrepreneur Innovation at Dallas College. Listeners will learn more about the roots of DCVC and the Bill J. Priest Institute for workforce and economic development. They will also learn about the wide variety of programs and services available in Dallas County with the help of Dallas College. Cristin outlines their organization’s growth, and Evan shares his own experience at DCVC, from the creative artwork to the stories hidden within the furniture.Click to learn more about the Goldman Sachs 10,000 small businesses program.Check out the Bill J. Priest Institute here, and learn about LiftFund, SCORE, and much more.Visit the Dallas College Venture Club website here.Be sure to connect with Cristin Thomas on Linkedin, and email [email protected] with any questions or inquiries, the whole team is connected to this email.

In this episode, host David Ponraj is joined by Melissa Roberts Chapman. Melissa leads Federation of American Scientists regional entrepreneurship and innovation ecosystem-building work across the country. Both David and Melissa dive into EDA funding, tech hubs, the CHIPS Act, and much more.Also featured in this episode, Melissa and David discuss innovation, innovation ecosystems, and ecosystem building. Melissa details necessity-driven entrepreneurship vs opportunity-driven entrepreneurship.David and Melissa also ponder on a pressing question, “Who is the gatekeeper, who are these ecosystem builders who can equitably distribute the wealth coming from EDA funding towards tech hubs?”In connection with current events and current federal priorities, the Biden administration emphasizes competition with China for efficiency. The CHIPS Act and more are helping to allow for equitable wealth creation and a beautiful, efficient system will be created. In the CHIPS Act, there are ten critical technologies, such as quantum computing, advanced comms technology, biotech, energy storage, and more. This is where a line is drawn in the sand, as it is where we want to compete with China to be successful within the next ten years.&nbsp;Visit fas.org for more information and connect with Melissa Roberts through LinkedIn. She is building a team of ecosystem builders with an interest in public policy. She wants to hear your ideas about novel entrepreneurship or cluster-building policies, and she wants to get you involved in her work. Reach out for more.Check out this article written by Melissa to learn more about systems thinking in entrepreneurship.For more on the Cynefin framework, visit this link.To keep in touch with the Federation of American Scientists, check out their blog and newsletter.

In this captivating episode, host David Ponraj is joined by Sharon Nichols, State Director at the Mississippi Small Business Development Center.&nbsp;The Mississippi SBDC is the gateway to, and premier provider of, small business assistance and resources that lead to success and entrepreneurial growth throughout the state. Their mission is to foster Mississippi’s entrepreneurial ecosystem; providing businesses with expertise and resources that drive success. Sharon discusses that SBDCs, generally, are tasked to do a huge array of work but the breadth isn’t deep. This is why she notes that Mississippi SBDC is serving as the gateway to entrepreneurship at the right time.Sharon also mentions the importance of SSBCI, the State Small Business Credit Initiative. Some entrepreneurs do not know how to do financial applications, and with SSBCI, these needs are identified and addressed. The Mississippi SBDC is looking forward to helping those who are getting seed funding to receive mechanisms that provide Technical Assistance (TA) so that the funding can effectively add jobs, retain jobs, and increase business success.The conversation ends with Sharon describing that she has learned many lessons in her professional career, and remarks that if you focus on what you can’t do, it’ll be difficult to improve. But if you focus on what you can do, you’ll make a true difference.Connect with Sharon Nichols on her LinkedIn, and check out ConnectMS, one of Sharon’s many initiatives to connect small businesses to the right resources at the right time, with resources powered by Startup Space.&nbsp;

In this deep-dive episode, show host David Ponraj speaks with Melody Echols and Jeff Morris, pioneers in entrepreneurship-led economic development. They discuss the implementation and tracking of Technical Assistance in Greater Atlanta through several programs: ATLInBusiness, the Open for Business Program, the Tyler Perry tax payment program, and more.Melody and Jeff work for Invest Atlanta, the City of Atlanta's economic development authority. Their goal is to create economic prosperity and vibrant communities in and around Atlanta. Both Melody and Jeff specialize in programs to help with access to, and knowledge of, resources in underprivileged communities. In this episode, they speak on TA programming, in partnership with local business consultants. These localized partners specialize in HR, tax, marketing, social media, accounting, and finance. Educating small businesses on these programs through local partners helps to alleviate skepticism in utilizing free business resources. A portal is available using Startup Space to track the business owners’ interactions with the technical assistance provider, while recording progress and measuring impactThis engaging episode emphasizes the importance of how entrepreneurship can truly drive economic development. At the time of this podcast, more than a dozen consultants have partnered&nbsp; with Invest Atlanta, assisting 200 businesses, and totaling 3,000+ hours of consulting. These initiatives also track new jobs being created, as well as new businesses being started.Connect with Melody Echols and Jeff Morris on LinkedIn, and visit InvestAtlanta.com for the most up-to-date information on entrepreneurship assistance in Atlanta.

In this special and intriguing episode, guest host Jodi McLean, Director of Sales and Marketing at EIC, is joined by Chris Heivly, Managing Director of Build the Fort, an umbrella entity that helps Chris serve entrepreneurs, startup companies and startup community champions through books, speaking, in-person workshops, and consulting. Chris is one of the nation’s leading experts on launching startups and has been dubbed the “Startup Whisperer.”&nbsp; He co-founded MapQuest, is an angel investor, ran a corporate venture fund and 2 micro venture funds (directed over $75M) and was recently SVP Innovation with Techstars.&nbsp;Heivly discusses the complexity of ecosystem building and the 4 levels of community maturity: nascent, developing, emerging, and leading. He breaks down the 7 drivers that are needed to activate these different stages of community ecosystems.. Different drivers are used for different business stages. Jodi and Chris speak on mentorship, which is critical, and helps to build great community leaders. Developing good community relationships is key. You need to inspire and support new startups, while also developing new investors, corporations, universities, and government. Heivly remarks that you cannot have an ecosystem without community.Heivly also emphasizes the importance of connectivity; he mentions that he likes to see who is hyper-connected and how those connections are being created and nurtured. He speaks on a frequently asked question; If we believe that some startups may fail, how do we invest in the right ones?.To connect with Chris, visit his LinkedIn. To purchase his recently published book, “Build the Fort: The Startup Community Builder’s Field Guide”, check it out on Amazon, Kindle, paperback, hardcover, and audiobook (in the next coming months).

In this Special Edition episode of Breaking Down Barriers, in honor of Mental Health Awareness Month, host David Ponraj has an in-depth and raw conversation with guest Johnny Crowder, entrepreneur and founder of Cope Notes, and advocate for mental health.David and Johnny have shared a friendship and served as peers and advocates for each other through their entrepreneurial journey. Cope Notes and EIC both celebrate five years in business this month (May 2023.) They have both managed to reach this benchmark, despite the known, difficult barriers to entrepreneurship in the critical first five years of growth. This Special Edition podcast celebrates their combined achievement, while also acknowledging Mental Health Awareness. Entrepreneurs face many stresses that can affect their mental health - failure, stress, anxiety, and burnout, to name a few.&nbsp;Johnny speaks candidly about his personal experience with mental health, and what piqued his interest in the psychology of the human mind, stemming from his own story, being a suicide survivor and front man for a death metal band.Johnny speaks on the origins of his entrepreneurial journey, from startup to the 5-year mark.Cope Notes’ main mission is to be the “tooth and floss” of the mental health world. Supportive messaging, instinctive journaling, and more can become a healthy daily habit that is integrated into all systems of care.Visit copenotes.com, where you can register your company to use the tool for daily text messages that combine peer support, positive psychology, and digital journaling to improve mental and emotional health. You can also view Johnny’s TEDTalks, and sign up for a range of subscription choices, including group and enterprise.Johnny would also love to speak at your organization, visit johnnycrowder.com to book a keynote or training.&nbsp;Check out @johnnycrowderlovesyou on Instagram to connect, as well as Johnny Crowder on LinkedIn.

In this episode, host David Ponraj talks with Danny McDonald, SBA Expert for Listo SBA, who specializes in 7(a) loans to finance Working Capital, Debt Refinance, Business Acquisitions, Building Acquisitions, Partner Buyouts and more.McDonald talks about the roots of his professional journey until now. He describes how important it is to him to see small businesses growing.&nbsp; He started his career path with a non-profit small business support organization. He then developed an affinity toward small business, and emphasized how a business idea can go from a dream to getting first dollar revenue, to growing the company, raising money, and exiting and bringing many dollars to the local community. McDonald also speaks about resources that can help underrepresented entrepreneurs and the best ways to hit goals as a company. Also, McDonald explains that his job is to let entrepreneurs think critically about what they are preparing, and to show numbers that are believable. Traction needs to be shown in the market in order to be investible, and this messaging does not get talked about a lot, which is why he has such an interest in it.McDonald’s niche is Latino entrepreneurs. The hustle mentality is strong within this culture, and there is a desire to sell, sell, sell in that community. At times, there can be&nbsp; a disconnect in terms of content and resources for entrepreneurs not being available in Spanish language and messaging, which could allow for more opportunity and understanding. That is exactly why Danny believes in the importance of material being available to those from diverse backgrounds.At EIC, we&nbsp; are finding out through the Entrepreneur of Color Fund, a program in Dallas in which we are partnering with JPMorgan Chase and the DEC Network, that POC and Latino founders are proven to be marginalized due to barriers in language, cultural differences and lack of trusted connections. McDonald himself is half Peruvian, and has seen this impact shown with BIPOC individuals. He stated that if you have a good story, good branding, and good traction, firms will be open to you. Showing that you’re human and are experiencing growth makes a difference. McDonald details that there is no excuse for loan officers to not be involved, which is why he helps to get entrepreneurs connected to local passionate advisors, SCORE, and SBDC. It’s a two-fold endeavor; the entrepreneur needs to show their effort, and the bankers need to help with guidance throughout the process. He believes in asking real questions and seeing how these entrepreneurs react in order to better assist them.SCORE includes local business consultants who are industry veterans that are available to meet for free.&nbsp; They are willing to come to one’s office and spend time with business owners and founders, while helping them accomplish their dreams. Americassbdc.org and score.org include groups that allow for business advancement..To find a counterpart like Danny McDonald in your community, ask your local bank or local credit union if they have an SBA Loan Officer.For any questions or just to get in touch, Danny McDonald’s email is [email protected]. Danny’s LinkedIn is https://www.linkedin.com/in/dannymcd/, he is open to connecting and expanding his network. He would love to talk and give straight, honest feedback through virtual or in person meetings. Danny is eager to help Latino and other entrepreneurs throughout the nation. He leaves the conversation with one last note: there is a path to sell your company if...

In this episode, David Ponraj talks with Dr. Sabrina Robins, COO of AbaCor (an Abaxent Co.) and Member Board of Directors of African Heritage Inc.&nbsp;Dr. Robins speaks on the connection of underrepresented business owners and workers&nbsp; to more opportunities. Dr. Robins focuses on a population of society that is marginalized and overlooked in different ways, and she works with companies that have a need for a talented workforce. This helps to increase an employee’s sense of belonging and inclusion and addresses negative turnover.Dr. Robins is on the board of African Heritage Inc., with a mission to advance the wellbeing of African Americans in NE Wisconsin. Through African Heritage Inc., Dr. Robins has been part of the digital literacy program funded by local workforce development boards. The lack of significant digital literacy skills results in an increased employee turnover rate. Dr. Robins desires to replicate this program, to address the employee turnover concern, based on its successes. From several studies, it has been found that Black and Hispanic individuals were hit the hardest as far as job opportunities, while being faced with a lower earning potential. Dr. Robins is determined to empower these minority workers, to allow them to gain more skillsets and enhance their employability.Throughout the discussion, Dr. Robins emphasizes her need to keep a strong sense of character and grit. This includes having compassion and being the voice of reason and speaking up for those who are underrepresented and underserved.Community development and economic development are strongly intertwined, Dr. Robins highlights this in her everyday life while developing her relationships with her local community. She actively serves on committees and boards, and loves being involved in conversations on corporate responsibility and sustainability. She believes in the power to navigate in multiple networks in order to support, share and build the region. In her role, there is a responsibility to contribute to the community, and she carries this into everything she does.Dr. Sabrina Robins loves to partner with those who share the same mission and values as she, especially those who share the readiness to help others. To connect with Dr. Robins, visit her LinkedIn here, and don’t hesitate to give her a follow!

In this episode, host David Ponraj speaks with Wendy Lea, CEO of Energize Colorado and Advisory Council Member of National Advisory Council on Innovation and Entrepreneurship (NACIE). Lea discusses the roots of Energize Colorado &amp; ecosystem building, and how the main mission is to close the gaps that are significant for underserved entrepreneurs. Lea also mentions NACIE, and the development of the Regional Innovation Hubs, which allow for technological advancement and growth of tech businesses. Included, Lea speaks to the importance of global service providers, specifically McKinsey in Ohio, who teed up and researched the opportunity to launch Cintrifuse, a public private partnership. The National Advisory Council on Innovation and Entrepreneurship (NACIE) is in the Department of Commerce, and it helps with supporting entrepreneurs who are advocating for innovative technologies. Regional Innovation Hubs include an economic development initiative to increase technology and innovation related change. Added, Regional Innovation Hubs include a ten billion dollar program in which ten regional hubs will be launched over time. This is one program in CHIPS &amp; Science. The goal for a region is a billion dollars for five years. This would be catalytic capital to allow for technological advancement and talent patterns, which can center around diversity and inclusivity.Although the deadline has passed, the EDA has issued an RFI (Tech Hubs Request for Information) requesting feedback from the public about the program design, structure, and evaluation of the Tech Hubs program, and the EDA welcomes ideas that will help encourage growth of the Tech Hubs. For further information, and to check for similar opportunities in the future, visit www.eda.gov.For more information on Energize Colorado, visit https://energizecolorado.com/.To learn more about NACIE and the Regional Innovation Hub, check out https://www.eda.gov/strategic-initiatives/national-advisory-council-on-innovation-and-entrepreneurship and https://www.eda.gov/funding/programs/regional-technology-and-innovation-hubs. For more context on McKinsey, take a look at this article https://www.mckinsey.com/industries/public-and-social-sector/our-insights/building-innovation-ecosystems-accelerating-tech-hub-growth.

In this discussion, host David Ponraj talks with Dr. Robert Blaine, Sr. Executive and Director of the Institute for Youth, Education and Families at National League of Cities (NLC) and the CAO for the City of Jackson, MS. Dr. Blaine reveals how the NLC is working tirelessly to bring economic inclusion to marginalized residents at a city level, to provide human infrastructure along with physical infrastructure. While necessary efforts are going toward safe roads, clean water and energy efficiency, they also focus on economic dignity for all residents including access to good schools, resources for health and wellness, and financial empowerment tools.The National League of Cities, in partnership with the federal government and several notable nonprofits, are offering FREE programs to any city that needs financial help and guidance to improve their human and physical infrastructure. They provide various grants, along with 4-month programs that will ensure the grant money is used strategically and will create a positive impact. There are new opportunities to apply for programs that address challenges like clean water, safe roads, energy efficiency, broadband access, and factory revitalization. Every four months, a new group of programs launches, so check back often.To find out more about the various programs, grants, and to apply, visit localinfrastructure.org.&nbsp;Learn more about NLC at https://www.nlc.org/

In this episode, guest host Molly King is joined by Teresa Grandal Cusse, Assistant Executive Director of the Alan B. Levan | NSU Broward Center of Innovation Fort Lauderdale, FL.&nbsp;The Alan B. Levan | NSU Broward Center of Innovation is a public-private partnership between Nova Southeastern University and Broward County acting as an economic and education development engine linking the South Florida innovation ecosystem.The Levan Center supports the Founder’s Journey from birth of an idea through successful exit or global expansion providing programs, events, and wraparound services to entrepreneurs and early-stage startups for the buildout and scaleup of their business.Find more information about the Levan Center here.Find more information about EIC here.

In this discussion, we are joined by leaders in the field who are forging powerful diversity, equity &amp; inclusion initiatives to expand economic opportunity and break down barriers for women and minority entrepreneurs. In this segment of the Catalyst Network 2022 Discussion Series, we analyze how uniting entrepreneurial opportunity and economic development practice, with a focus on racial equity and the voice of underserved communities, is central to changing long-term economic outcomes for our communities.&nbsp;Panelists Include:Eneida Roman, Co-Founder, Amplify LatinXLaurie Supinski, Director, Start GardenRaquel Robinson, Director of Programming, Lightship FoundationDavid Ponraj, Economic Impact Catalyst, ModeratorAbout the Speaker OrganizationsAmplify LatinXAmplify Latinx is a Massachusetts-based nonprofit formed in 2018 by The Latina Circle to serve as a non-partisan, collaborative convener advancing Latino civic engagement, economic opportunity, and leadership representation. Learn more at www.amplifylatinx.co.&nbsp;Start GardenEmpowering West Michigan's startup ecosystem through financial, intellectual &amp; social capital, while providing a neighborhood for startups to grow. Located at 40 Pearl Street, Grand Rapids, Michigan. Learn more at www.startgarden.com.Lightship FoundationAs an impact driven organization serving underrepresented entrepreneurs &amp; ecosystems, we leverage corporate partnerships, specialized programming, meaningful mentorship and capital investments to drive growth within the minority innovation economy. Lightship provides remarkable founders the resources and direction their businesses need to scale. Learn more at www.lightship.foundation.

From non-profits to the private sector, Ms. Metzer possesses an array of skills and experiences in project management and ecosystem development. In addition, Ms. Metzer is a self-motivated entrepreneur and works passionately to develop rural opportunities in Appalachia and across the country. Ms. Metzer currently serves as the Vice-President and Co-founder of the National Center for Resource Development, helping mission-driven organizations increase their impact. Ms. Metzer’s primary focus at NCRD is on rural – including identification and development of rural opportunities.Ms. Metzer has managed a variety of initiatives with a focus in Broadband, Entrepreneurship, Agriculture, Environmental Industry and Creative Ecosystem Development across the United States as well as Global entrepreneurship programs.&nbsp;In this episode, Tina Metzer joins host David Ponraj to discuss rural community development, entrepreneurship programs, and best practices on supporting rural communities in a collaborative way. Tina also shares her journey to supporting rural communities and creating a greater impact. Learn more about the National Center for Resource Development at:&nbsp;www.resourcedev.org/&nbsp;Learn more and register for RuralRISE at:&nbsp;www.ruralrise.org/

This week, host David Ponraj is joined by Monique Kuykendoll Quarterman, Deputy Executive Director, and David Brock, Director of Operations, at KY Innovation. Within the Cabinet for Economic Development, KY Innovation is a statewide initiative representing Kentucky’s approach to building a vibrant entrepreneurial ecosystem. KY Innovation successfully targets resources to support startups, traditional small businesses, and innovation-driven entrepreneurs. The team's work reaches across business lifespans to dramatically improve Kentucky’s entrepreneurship ecosystem. The goal is to significantly increase the number of new company startups annually. Monique and David share the organization’s “Secret Sauce'' for breaking down silos in the ecosystem.Entrepreneurship-led economic development principles shared in this episode: Defining innovationIdentifying barriers that diverse leaders may face and how to create opportunities for the next generationThe benefit of public-private partnershipsThe role mentorship has played in Monique’s career and how it impacts the entrepreneurship community in KentuckyPrograms and incentives KY Innovation offers to meet the needs of the entrepreneurial and innovation communityThe importance of engaging the community in a meaningful way and telling the stories of local entrepreneursHow to effectively and efficiently make resources accessible to entrepreneurs and innovators Their Secret Sauce to breaking down silos in the Kentucky ecosystemLearn more:KY Innovation: kyinnovation.comEconomic Impact Catalyst: economicimpactcatalyst.com

In this episode of Breaking Down Barriers, Host David Ponraj talks to three notable economic development leaders, sharing perspectives from local, state, and federal levels, about empowering microbusinesses that employ fewer than 10 people.&nbsp;&nbsp;As a result of the pandemic, critical studies were conducted and analyzed to determine how to effectively revitalize businesses that had been negatively affected. The studies, many focused on relief grant distribution, revealed a glaring omission of microbusinesses, which have historically been overlooked by economic developers and lenders. The fact is that microbusinesses represent 90% of ALL businesses nationwide and create 66% of new jobs, according to the SBA. The findings reported that microbusinesses face sizable barriers to capital access and technical assistance, among other vital business resources.&nbsp;Listen in to the discussion featuring Ryan Cobbins, Program Director for Energize Colorado Gap Fund, Suzanne Perreault, Small Business Program Manager for Michigan Economic Development Corporation, and Connie Evans, President &amp; CEO for Association for Enterprise Opportunity, as they discuss the challenges microbusinesses face, and have long-faced, until a global pandemic revealed a critical need for economic developers to address and rectify, through innovation in resource allocation and policy change.Learn more about our guests' work:Energize Colorado: energizecolorado.comAssociation for Enterprise Opportunity: aeoworks.orgMichigan Economic Development Corporation: www.michiganbusiness.orgLearn more about EIC: economicimpactcatalyst.com

This week, host David Ponraj interviews Diane Bevan, Executive Director of the Idaho Women’s Business Center and CEO of the Idaho Hispanic Foundation. An entrepreneur in her own right, Diane has built her career on making connections and building business. The two discuss Diane's vision for empowering women entrepreneurs through education, support and mentorship.Learn more about Diane's work at Idaho Women's Business Center: www.idahowomen.orgLearn more about&nbsp;Economic Impact Catalyst

In this special two-part episode, host David Ponraj is joined by collaborators Philip Berkaw and Samira Cook Gains. Berkaw is Program Director of the Center for City Solutions at National League of Cities, an advocacy organization with more than 2,400 member cities. Samira Cook Gains, is Managing Director of Strategic Partnerships at Rising Tide Capital, a non-profit organization whose mission is to transform lives and communities through entrepreneurship. The two guide us through practical strategies for implementing new policies, programs and practices that increase economic opportunity through small business ownership and entrepreneurship.&nbsp;Learn more about NLC at: www.nlc.orgNLC Resources for Entrepreneurship: RoadmapLearn more about Rising Tide Capital at:&nbsp; www.risingtidecapital.orgLearn more about EIC: economicimpactcatalyst.com

In this special two-part episode, host David Ponraj is joined by collaborators Philip Berkaw and Samira Cook Gains. Berkaw is Program Director of the Center for City Solutions at National League of Cities, an advocacy organization with more than 2,400 member cities. Samira Cook Gains, is Managing Director of Strategic Partnerships at Rising Tide Capital, a non-profit organization whose mission is to transform lives and communities through entrepreneurship. The two guide us through practical strategies for implementing new policies, programs and practices that increase economic opportunity through small business ownership and entrepreneurship.&nbsp;Learn more about NLC at: www.nlc.orgNLC Resources for Entrepreneurship: RoadmapLearn more about Rising Tide Capital at:&nbsp; www.risingtidecapital.orgLearn more about EIC: economicimpactcatalyst.com

Access to capital is the biggest barrier to building a thriving small business sector. Innovation is the only way out. This episode features the audio recording from the virtual EIC Catalyst Network Discussion Series held on March 24, 2022. In a panel moderated by podcast host David Ponraj, we hear from trailblazers with noteworthy advancements in small business lending, technical assistance, and philanthropy.&nbsp;The conversation explores opportunities and actionable steps to help solve the capital problem in the development of inclusive entrepreneurial ecosystems.Panelists include:&nbsp;Chanell Scott&nbsp;Contreras,&nbsp;ProsperUS&nbsp;(Detroit, MI) Aaron Seybert, Social Investment Practice,&nbsp;Kresge Foundation&nbsp;(National based in Detroit, MI) Steve Wanta,&nbsp;JUST&nbsp;(Austin, TX) Moderated by David Ponraj, EIC Learn more about the EIC Catalyst Network Discussion Series

This week, host David Ponraj talks to Nathan Ohle, an internationally recognized expert in economic development and the president and CEO of the International Economic Development Council (IEDC), a non-partisan organization with more than 5,000 members globally. Nathan explains why equity is the core for every local community "regardless of size, shape or geography" to drive economic opportunity in the future. Nathan shares his perspective on investing in wealth creation and discusses how communities can work to align philanthropy, federal resources, and local partners to find the capacity and practical solutions to participate actively in equitable development. He explains why small business must be part of a proactive long-term strategy.Learn more about Nathan’s work at IEDC: iedconline.orgIEDC Playbook for Equitable Development: Free DownloadLearn more about&nbsp;Economic Impact Catalyst

On this week’s episode economic opportunity champion Demetra Brown shares her journey to disrupt silos in the interest of better serving entrepreneurs in Dallas, Texas. As Senior Director with The DEC Network, Brown oversees the organization’s ecosystem-building coalition working to support underrepresented small business owners throughout the small business ecosystem. She and host David Ponraj explore innovative ways to increase access to capital for entrepreneurship to drive wealth creation in historically disinvested communities.Learn more about Demetra Brown's work at The DEC: thedec.coLearn more about&nbsp;Economic Impact Catalyst

A budding entrepreneur recently told Lyneir Richardson that “the 5 Cs of Credit are discriminatory.”&nbsp; In 2022, Mr. Richardson believes that the clarion call for economic developers is how to address and change the systems in a way that makes entrepreneurship and capital access more inclusive. During this frank conversation, host David Ponraj and our guest, Lyneir Richardson, Executive Director of the Center For Urban Entrepreneurship And Economic Development at Rutgers University, discuss the challenging requirements of breaking down the barriers to capital access for BIPOC founders. The ultimate goal, in the words of Mr. Richardson, is creating opportunity for people, and in places, that other people overlook and undervalue; creating an open path to wealth creation for all. How do we do that? The first step is acknowledging that there is a problem. David and Lyneir discuss strategies for Economic Developers to heed the call and move the needle.Learn more about Mr. Richardon's work at Rutgers: www.business.rutgers.edu/cueedThe Curb-Cut Effect: SSIRLearn more about Economic Impact Catalyst

In this episode drawn from two recent panel discussions hosted by Economic Impact Catalyst, we hear from visionary economic developers, entrepreneurship ecosystem builders, and policy experts about their efforts to fully recognize the impact of entrepreneurship-led economic development on our economy. The conversations span why small business is often ignored in economic development, how to tell better stories using data, and what levers seem to be most useful in accelerating entrepreneurship and small business creation in our communities. The panels were recorded as webinars on December 6 &amp; 8, 2021, and you can find a link to watch the webinars in their entirety in the show notes below.&nbsp;Panel discussions feature:Suzanne Perreault, Manager, Small Business Services, Michigan Economic Development CorporationAnne Strickland, VP for Entrepreneurial Development, National Association for Community College Entrepreneurship (NACCE)Eric Weissmann, Executive Director, NEXT Greenville, SCDavid Ponraj, Founder &amp; CEO, Economic Impact AllianceGarry Clark, President &amp; CEO, Economic Alliance Snohomish County &amp; President, NREDAKim Lane, COO, Right to StartLearn more about the panelists' work:Economic Alliance Snohomish County: www.economicalliancesc.orgMichigan Economic Development Corporation: www.michiganbusiness.orgNACCE: www.nacce.comNEXT: nextsc.orgNREDA: www.nreda.orgRight to Start: www.righttostart.orgWatch the webinars: youtube.com/playlistLearn more about Economic Impact Catalyst: economicimpactcatalyst.com

In this episode, host David Ponraj has a conversation with Dr. Saras Sarasvathy, esteemed Professor of Strategy, Entrepreneurship and Ethics at the University of Virginia Darden School of Business. She is a leading scholar on the cognitive basis for high-performance entrepreneurship, and author of the acclaimed books, “Effectuation: Elements of Entrepreneurial Expertise” and “Effectual Entrepreneurship.” During their discussion, we hear the backstory of David’s first failed business that prompted the launch of Startup Space, to help future entrepreneurs avoid the pitfalls that he faced. The concepts of Effectuation, customer voice versus customer skin, employee autonomy and mastery, and education problems versus resource constraint problems come into play during this intimate, lively conversation between two passionate change-makers who will no doubt help lead the charge to effectuate the future of entrepreneurship-led economic development.Learn more about Saras' work: darden.virginia.eduLearn more about Effectuation: www.effectuation.orgLearn more about Economic Impact Catalyst: economicimpactcatalyst.com

Show host, David Ponraj, recently sat down with a group of esteemed panelists, as part of a virtual webinar series hosted by Startup Space. The panelists include economic development and entrepreneurship support organization leaders in Florida, Illinois, Massachusetts and Michigan; each lending their personal experiences in building inclusive entrepreneurial opportunities within their region. With a focus on minority-owned, women-owned and microbusinesses, in particular, the discussion touches on creative ways to increase capital access for underrepresented business owners, data-driven decision making, inclusion and diversity storytelling, and who should be at the table driving policy. Gain some inspiration from these leaders as they share their unique strategies to support their distinct communities, while they learn and draw inspiration from each other during this deep-dive conversation.Learn more about our guests and their work:Regina Ann Campbell - Build InstituteBetty Francisco - Amplify LatinX, Boston Impact InitiativeMark Pelmore - Business ElevatorKim Vogel - GreenhouseLearn more about Startup SpaceSubscribe to the Discussion Series

Show host, David Ponraj, recently sat down with Ian Hathaway, co-author of The Startup Community Way, and VP of Capital at Techstars, as part of a virtual webinar series hosted by Startup Space. Hathaway is an investor, author, strategic advisor, and data scientist with expertise in technology startups, entrepreneurship, and venture capital. His views on what it takes to make a successful, enduring entrepreneurial ecosystem are regularly cited in The New York Times, The Economist, and Financial Times, and he is a frequent contributor on the subject to Harvard Business Review andThe Wall Street Journal. In this conversation about the practice of entrepreneurship-led economic development, Ian outlines seven types of capital that are important to build within an ecosystem for it to be attractive and prosperous. He explains the “measurement trap” entrepreneurship developers need to avoid and the two discuss how to focus on outcomes, in addition to statistics, through storytelling. Finally, Hathaway shares his advice on how ecosystem builders can avoid burnout.&nbsp;Learn more about Ian's work at: ianhathaway.orgGet the book, The Startup Community Way: startupcommunityway.comLearn more about Startup Space and the discussion series: startupspace.us

Dr. Dell Gines is a national thought leader in local economic growth, a Certified Economic Developer, and a Lead Community Development Advisor at the Omaha Branch of the Federal Reserve Bank of Kansas City, where he focuses on communities of color and economically distressed communities. Show host, David Ponraj, recently sat down with Dr. Gines as part of a virtual discussion series centered on the practice of equitable economic development through entrepreneurship. A live audience joins in as the conversation digs deep into what makes a successful entrepreneurial ecosystem. Dr. Gines stresses that it’s more than tracking hard data to campaign for funding. The magic is in the soft data; in knowing the stories and having a deep understanding of the lived experiences of the entrepreneur that the hard data doesn’t show. When it comes to funding, he says: “Data sells it, but relationships get you in the door. You’ve got to have both.” Learn more about Dell's work at: www.iamdellgines.comLearn more about Startup Space: www.startupspace.usJoin the Entpreneurship Development Discussion Series: www.startupspace.us/speakerseries

In this episode, host David Ponraj interviews Garry Clark, President &amp; CEO at Economic Alliance Snohomish County in Washington state, serving almost a million residents. Garry shares his heartfelt, spoken word “Why,” and the arduous barriers to entry, early in life, that motivated him to become a changemaker. This timely conversation about addressing the real needs of underserved communities was recorded just as the SBA announced its new Community Navigator grantees, proving that noticeable changes in systemic barriers won't happen without action to move the needle. Garry shares that “to succeed in economic development, you must have passion for the work and a story to tell for your community, your county, and your entrepreneurs.” And Garry has a remarkable story to share.Learn more Garry's work at: www.economicalliancesc.orgLearn more about Startup Space at: startupspace.us

In this episode, host David Ponraj interviews Danielle Patterson, Director at SeedCore Foundation in Bakersfield, CA. Danielle oversees the Kern Initiative for Talent &amp; Entrepreneurship (KITE), a private-public partnership focused on entrepreneurship-led economic development. Danielle has the unique ability to see the ecosystem from the support side as well as from the entrepreneur side, having tried to navigate her local support system as a business owner. She says that, as an ecosystem builder, “Communication is key. You must understand the economic makeup of the county and listen to the partners and the founders. Listening will be your biggest tool.” Organizations must work together to support the founders, she says, ”it’s not about us, it’s about them.”&nbsp;Learn more about Danielle's work at: https://seedcorefoundation.orgExplore KITE at: www.gokite.orgLearn more about Startup Space at: www.startupspace.us

In this episode, host David Ponraj interviews Banks Benitez, co-founder and CEO of Uncharted, a social impact accelerator based in Denver, Colorado, to learn how they are addressing economic inequality in the U.S. The two discuss why Uncharted believes investing in early-stage ventures is the most strategic tool for wealth creation and empowerment and how they've built effective mentorship-driven programs for a portfolio of nearly 100 startups benefitting 47.5M lives and raising $254M. Later, David and Banks explore leadership, hiring, and purpose-driven team culture.Learn more about Banks' work and the Uncharted portfolio at: www.uncharted.orgLearn more about how Startup Space catalyzes economic impact at: www.startupspace.us