"Cities have the capability of providing something for everybody, only because, and only when, they are created by everybody." ~ Jane Jacobs
There is no monopoly on innovation. Good ideas can come from anyone, anywhere. Innovators only need to be nurtured and social entrepreneurship encouraged and supported. Many cities are growing their entrepreneurial capacity to meet local needs and to innovate for the greater good.
One thing is clear – entrepreneurship is not a solo sport. Effective ‘backbone organizations’ are crucial to build hubs of local economy innovation. Whether a social enterprise accelerator, local first alliance, community business network, food lab, or technical assistance hub, success comes from investing in backbone organizations that are convening and strengthening community entrepreneurs around real prosperity. For Part A of this track, Michael Shuman will guide us through five key economic development functions that support sustainable local businesses, straight out of his brand-new book The Local Economy Solution. In Part B, we’ll dive deep into the cross-sector coordination happening in Detroit to foster place-based supply chains, environmental regeneration, and wealth creation in low-income communities.
Track Facilitators: Jose Corona, Devita Davison
Conversation Host: Infusionsoft
Operating a social enterprise is different than running a traditional business. To address the unique challenges these entrepreneurs face, cross-sector coordination is needed to create a thriving ecosytem in every community. Michael Shuman will guide us through five key economic development functions that support sustainable local businesses — local planning, local purchasing, local entrepreneurship development, local partnerships and local investment — the topic of his brand-new book The Local Economy Solution. He will share his findings from a year of research into effective revenue and business models to support all of these functions in a community. We’ll also hear from entrepreneurs and innovative exemplars in each of these categories and engage in an interactive discussion.
In this case study session, we’ll dive deep into the cross-sector coordination happening in Detroit to foster place-based supply chains, environmental regeneration, and wealth creation in low-income communities. More information coming soon!
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BOOK: The Local Economy Solution (Michael Shuman) - Chelsea Green Publishing