economic ju
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TRANSCRIPT
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ScaleUp America
Innovation, Inclusion, Impact
Mike GreenCo-founder, Executive DirectorScaleupcampaign.org
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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.
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Economic inequality is a historic and institutional
problem impacting America’s global
economic competitiveness
AMERICA’S PROBLEM
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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
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Who will create the jobs of the 21st century?
AMERICA’S PROBLEM
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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
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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?
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ScaleUp America
Mike GreenCo-founder, Executive Director@amikegreen2
America needs more job creators!
WHO WILL CREATE THEM?
Karen MillsSmallBusinessAdministration
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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?
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<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?
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How do we connect 20th century economically
disconnected communities to 21st century resources and
opportunity?
AMERICA’S PROBLEM
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ScaleUp America
Mike GreenCo-founder, Executive Director@amikegreen2
STEM / STEAMEDScience, Technology, Engineering, Arts, Math,
Entrepreneurship, Design
EntryPoint
TechWorkers
TechStartups
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ScaleUp America
Mike GreenCo-founder, Executive Director@amikegreen2
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ScaleUp America
Mike GreenCo-founder, Executive Director@amikegreen2
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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.
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America’s STARTUP CULTURE
Can you map the Local Innovation Ecosystem in your region?
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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
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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
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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
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IDENTIFYING WHAT WORKS
TechnologyAccess
Foundation
State of Ohio
Board of Regents
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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
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Contact Information
Mike GreenCo-founder , Executive Director ScaleUp America@amikegreen2 | scaleupcampaign.org
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