Entrepreneurial activity increased sharply in Wisconsin in 2020 and 2021 during the COVID-19 pandemic. Entrepreneurship is a key part of any healthy economy but ensuring that new business activity leads to significant economic impact by creating high quality jobs can be difficult. Communities can take a lead role in a range of strategies that help entrepreneurs grow and be successful to make the most of this opportunity to improve their economies.
This section outlines ways to use your market analysis to support entrepreneurship in your downtown or business district. Entrepreneurship represents the capacity and willingness of an individual(s) to undertake a venture, with its risks, in an effort to achieve a profit. Entrepreneurship has always been important to downtowns and business districts, serving as a catalyst for business formation and its positive ripple-effect in the local economy.
Organizing business retention and expansion (BRE) activities is a common application of or prelude to market analysis findings. These activities include mobilizing a BRE team, identifying issues, and helping existing businesses expand or, if they are at risk of closing or relocating, stay open and stay downtown.
National Restaurant Association Downtown Restaurants by N. David Milder, DANTH, Inc. March 2022 — Restaurants and culinary experiences can be extremely valuable additions to a downtown area. They serve downtown workers and residents as well as attract visitors to the center of the community. They serve both an economic and social role in the community, […]
Summary February 2022 — As part of “Black History Month 2022: Why does Black History Matter to Extension’s work?” by the African American Black Employee Resource Group (AABERG), members of the the Entrepreneurs of Color Business Support Team, co-hosted a series incorporating Black History into Extension programming, sharing stories, research and vibrant discussion. The Entrepreneurs of Color […]
In this webinar, we discuss how city leaders, businesses, property owners, and others can “shape their city” for the betterment of all and how Business Improvement Districts (BIDs) can be used as a tool in that process. The focus of the webinar is on leadership and partnerships that help create an effective downtown organization.
Summary February 2022 — As part of “Black History Month 2022: Why does Black History Matter to Extension’s work?” by the African American Black Employee Resource Group (AABERG), members of the the Entrepreneurs of Color Business Support Team, co-hosted a series incorporating Black History into Extension programming, sharing stories, research and vibrant discussion. The Entrepreneurs of […]
Summary February 2022 — As part of “Black History Month 2022: Why does Black History Matter to Extension’s work?” by the African American Black Employee Resource Group (AABERG), members of the the Entrepreneurs of Color Business Support Team, co-hosted a series incorporating Black History into Extension programming, sharing stories, research and vibrant discussion. The Entrepreneurs of […]
Summary August 2021 — In the final session on entrepreneurship, Tessa Conroy, Assistant Professor of Agricultural and Applied Economics at UW–Madison and Community Economic Development Specialist, discusses “how to build an entrepreneurial ecosystem”. Webinar Recording Additional Materials Entrepreneurship 101, Part 3, PowerPoint Explore Our Lunch-n-Learn Series
Summary August 2021 — In part two of a three-part series on entrepreneurship, Tessa Conroy, Assistant Professor of Agricultural and Applied Economics at UW–Madison and Community Economic Development Specialist, discusses the “what” of entrepreneurship in economic development. Webinar Recording Additional Materials Entrepreneurship 101, Part 2, PowerPoint Explore Our Lunch-n-Learn Series
Summary August 2021 — In part one of a three-part series on entrepreneurship, Tessa Conroy, Assistant Professor of Agricultural and Applied Economics at UW–Madison and Community Economic Development Specialist, discusses the “why” of entrepreneurship in economic development. Webinar Recording Additional Materials Entrepreneurship 101, Part 1, PowerPoint Explore Our Lunch-n-Learn Series
Nonemployer establishments, sole proprietorships and partnerships without any paid employees, are an important part of the country’s economy. As of 2018, they made up a large and quickly growing share of businesses in the United States at 77% of the total while the other 23% of establishments were employer businesses [1]. Given that nonemployer establishments are businesses without employees, they are predominantly independent contractors who work for themselves or small businesses operated only by the owner(s) or unpaid members of their family.
