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Entrepreneurial and Small Business Operations

2016

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A Formative Evaluation Of The Bloomington-Normal Entrepreneurial Ecosystem, Emily Rego Jan 2016

A Formative Evaluation Of The Bloomington-Normal Entrepreneurial Ecosystem, Emily Rego

Capstone Projects – Politics and Government

This study serves as a formative evaluation of the Bloomington-Normal-McLean County, IL region’s entrepreneurial ecosystem, which the development thereof is a tactical strategy outlined in the recently created Bloomington-Normal economic development plan (also known as BN Advantage). An entrepreneurial ecosystem is a network comprising of entrepreneurs, supporting organizations and entities such as investors, governments, universities and various other organizations with a focus on economic development. Vibrant entrepreneurial ecosystems strengthen local entrepreneurial capacity, which then spurs economic development through job creation and growth, economic diversity and increasing a region’s competitive advantage. The methodology of this study involved combining qualitative ...