Patt Lentfer, Fillmore County Development Corporation (FCDC) director, attended the Entrepreneurship Best Practices Summit at Nebraska Innovation Campus on November 17th.
Dell Gines, Senior Community Development Advisor for the Federal Reserve Bank of Kansas City, was the opening keynote speaker. He discussed entrepreneurship based economic development and ecosystems or “Grow Your Own” models of economic development and why they are important to Nebraska communities. As demographic shifts occur and corporations can no longer be expected to drive local employment and economic growth in many communities the need for entrepreneurs to create new opportunities becomes vital. By developing entrepreneurship ecosystems that support both the creation and growth of entrepreneurs and the businesses they create, communities can position themselves for long run and diverse economic growth in the modern economy.
There were breakout sessions on growing, creating, and building entrepreneurial communities through community action, having a vision, and being strategic and focused to encourage entrepreneurs. There was also an opportunity to hear from entrepreneurs who have started new businesses in the last few years and hear about journeys.