Governor Announces Virginia Entrepreneurial Challenge

Governor Terry McAuliffe has announced that he is partnering with Virginia Commonwealth University and Junior Achievement of Central Virginia to host the Virginia Entrepreneurial Challenge on Saturday, Oct. 15 and Sunday, Oct. 16 at the VCU School of Business. The challenge will be a weekend-long entrepreneurship boot camp for high school juniors and seniors. The … More Governor Announces Virginia Entrepreneurial Challenge

Give your local artists the business tools for success

When we talk about entrepreneurship, so often artists can be left out of the conversation. The Staunton Creative Community Fund (Staunton Fund) has been examining entrepreneurship through the lens of artists. Wrapping up the spring with a Bach n’ Roll Roundtable, the Staunton Fund brought together stakeholders to talk about needs and ideas for growing … More Give your local artists the business tools for success

Economic Gardening Strategies

In these tough economic times when communities are struggling to retain existing businesses and to prevent more storefronts from closing up, attracting new businesses that will create new job opportunities is extremely challenging. Many communities are working hard to overcome these ills by creating an environment that fosters entrepreneurship. Research has shown that small businesses … More Economic Gardening Strategies

Entrepreneurs. Better with age?

Entrepreneurs are the lifeblood of the economy. They’re innovators, experimenters and risk takers, the driving force behind capitalism’s “perennial gale of creative destruction,” in economist Joseph Schumpeter’s evocative metaphor. So says Chris Farrell in this week’s Bloomberg Businessweek. But Mr. Farrell goes on to remind us that entrepreneurs are not only young, brash, rule breakers.  … More Entrepreneurs. Better with age?

Resources for Small Business Financing

The Federal Reserve Bank of Richmond (FRB) recently posted an issue of Marketwise Community, a web publication which highlights community development best practices  and emerging issues that impact communities in the southeastern United States.  The current issue, New Alternatives in Small Business Financing, addresses small business lending in the wake of the recession.  The message … More Resources for Small Business Financing

Blackstone holiday events keep local elves busy

Downtown Blackstone, Inc. (DBI) has been full of activity this holiday season, successfully coordinating retail promotions and image building events. The Second Annual Downtown Holiday Open House kicked off the season November 27. Following the Grand Illumination in the town park, DBi drew crowds into downtown by coordinating activities with the local merchants, such as carriage rides, choral … More Blackstone holiday events keep local elves busy

Guest Blogger: Orange’s Jeff Curtis on rallying Main Street around customer service training

We’re turning over the space today to Jeff Curtis, director of the Orange Downtown Alliance for some tips on rallying downtown merchants for an effective training.  One of the recurring issues addressed in our Business Development Committee meetings has been customer service, or more specifically, the lack of it.  It’s an important issue for any community, and especially … More Guest Blogger: Orange’s Jeff Curtis on rallying Main Street around customer service training

Entrepreneurial stories

We have been promoting the idea that recessions and layoffs, while very difficult to navigate, provide the impetus for an entrepreneurial boom.  Now, the Kauffman Foundation has issued its report supporting our claims. In economic gardening terms, this is the equivilant of burning last years crops to make way for the new “green shoots.”   … More Entrepreneurial stories

Bright ideas for business

What is a good business proposition?  That is a tough question to answer.  I am sure that many people thought that two old hippies were crazy when they started an ice cream company in Vermont, where summers last only a few months and the temperature can drop to near freezing in August.  But those that saw promise … More Bright ideas for business