I think the best place to inquire is with the farmers, farmers’ market, Extension, and the RC & D.
Linda
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Hi John, et. al.It takes a community.You need first and foremost the venture capitalists and secondly public support. I do not know if you have either. Assemble these two and the entrepreneurs will come.
You should speak with Dennis Anderson. Dennis is an entrepreneur that has come as close to anyone I know to local startup success in the food industry. He had patents, proof of concept for processing and packaging fresh fruit, exceptionally good business ideas, world-class food industry knowledge, and state-backed start-up funding. Could not get venture funding.
You should also speak with Andrew Martin . He is an extremely frustrated guy right now fighting county zoning issues. He has both money to invest and interest - but lacks public support.
-------------- Original message from jef jelten <gr...@peak.org>: --------------
Having been Executive Director of the Washington Economic Development Finance Authority until my retirement a year and a half ago, I have a bit of experience in this area and may be able to add something to the discussion.
First question. Why should anybody want to try to start a new business in the Willamette Valley? I'm serious. What's in it for them? If you can't show someone the advantages to them -personally! - of starting a business here, then don't expect them to listen.
Hello,
I would like to ask you a favor. In our efforts to bring more vitality into our local economy, we have been working on facilitating the starting of local businesses to address some of our local opportunities. While we are doing several things with tech startups ( see Corvallis Startup Weekend -http://corvallis.startupweekend.org and the Willamette Angel Conference - http://www.willametteconference.com ) , there are two other opportunities which I would like to ask your help with. We believe that there are some opportunities in the local food production and in local value added wood products. We have local resources and infrastructure that could be revitalized to support new business and jobs in these areas.
Would add another option to Jef's paragraph beginning "basically"Develop a food tech driven line extension for a major company and use them as the exit strategy.DCA
-------------- Original message from DALE COBERLY <cob...@peak.org>: --------------
If there was any evidence that the entire economy was devolving into scams and that there was no creative or innovative opportunities out there, I for one would not have dedicated the last decade of my life to this work.
The worst possible thing we can do is take up name calling and focusing our attention on our collective and individual weaknesses.
Over the last few years, we have seen good jobs created locally through entrepreneurial efforts. By focusing on the milestones an entrepreneur needs to reach [to be successful] we’ve seen the gaps narrow and more people with good products who could manage marketing and finance win in this game. In turn they’ve been willing to share what they learned with people who are not direct competitors but are working parallel. As our collective skills come up, so does our global competitiveness. This process takes a long time, but the business starts and job growth are more frequent than they used to be.
Jobs are an indicator, easy to see and one our community leaders care about. Community wealth is harder to measure, but a better metric and fully inline with your suggestions in this stream. Show me an entrepreneur who wants to get rich at the expense of the people who work for him/her? Not likely.
We know there are sharks and crooks out there and we do everything we can to help inventors, entrepreneurs and investors learn how to distinguish good deals from bad ones.
Could we do more? Could we do what we do better? You bet, but it will take us working together and continued investment (human, physical, financial and otherwise) to make it happen.
Mysty Rusk
Corvallis-Benton Chamber Coalition
541.757.1505 (O)
541.760.4498 (C)
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n Nov 30, 2009, at 7:31 PM, chateaust...@att.net wrote:
Having been Executive Director of the Washington Economic Development Finance Authority until my retirement a year and a half ago, I have a bit of experience in this area and may be able to add something to the discussion.
First question. Why should anybody want to try to start a new business in the Willamette Valley? I'm serious. What's in it for them? If you can't show someone the advantages to them -personally! - of starting a business here, then don't expect them to listen.
Two-thirds of all start-up enterprises fail in the first five years. Fact. Venture capitalists know this and factor it into their calculations - they won't invest in any enterprise which does not have spectacular profit potential since their few homeruns have to pay for their many strikeouts. Neither the food industry nor the value-added wood products industry have the level of profit potentials that will interest any serious venture capitalist. We've been around that horn many times in Washington state.Also the typical "angel" wants the entrepreneur to have shaken down family and friends to invest up to the hilt, to have mortgaged their house and maxed out their credit cards into the enterprise. It has to be made very, very difficult for the entrepreneur to walk away from the business when times get tough (as they inevitably will). It's only going to survive with hard, hard work when there's no alternative except ruin.Good business ideas are a dime a dozen. The managerial skills to bring them to fruition are as rare as hen's teeth. Any private financial source will concentrate on the managerial skills of the entrepreneur - these are the make-or-break issues; enterprises typically fail not on lack of financing, but on lack of good management. It is politically impossible for any public financing source to properly evaluate management ("You didn't fund me because I'm a [fill in the blank].") which is why public financing is a lousy idea.Starting your own business takes a certain level of insanity. I know; I've done it. The rewards are immense (there's nothing better than being the boss of your own business), but they come at a very high cost. I often joked that if I was ever invited to a costume party in Olympia, I'd go dressed as a Payroll. It would be a unique experience for all the government types who'd never had to meet one before. There's nothing scarier than sitting in a deal closing on Friday afternoon knowing if it doesn't close then, you won't be able to meet the payroll or pay the rent on Monday. Been there, done that.Yeah, all the usual "community leaders" have signed on. They always do. Doesn't cost them anything and there's big upside for them (jobs, taxes).Talk's cheap, however. In case you hadn't noticed, the state legislature has passed a "soak the rich" ("rich" apparently means anybody who's managed to make a success of their business) tax package. Including a gross receipts tax which, as anyone who's worked in economic development in Washington state will tell you, is an A-1 strangler of early-stage enterprises. Three-quarters of all small-to-medium sized business investment is from retained earnings (you didn't know that? Why didn't you?) - all that income the "rich" are getting. Tax that away and business investment dries up - along with any incentive to start a business in the first place. This should not be difficult to understand, but apparently it is.Nobody starts a business to create jobs or pay taxes (although they will tell you that if they think it's in their interest to do so) - they start businesses to MAKE MONEY! Help them to do so and you'll attract them. Make it more difficult and they will go somewhere else where it's easier. Oregon is currently saying "Go somewhere else."If someone really, truly IS an entrepreneur, they know all that already. And are going to start a business anyway (I LOVE 'em for it!). They don't need (or want) help. But they are very sensitive to hindrance. Let's make them welcome. And realize words alone ain't going to hack it. These men and women are from Missouri - you've got to show them! Are we?Jonathan Hayes
Having been Executive Director of the Washington Economic Development Finance Authority until my retirement a year and a half ago, I have a bit of experience in this area and may be able to add something to the discussion.First question. Why should anybody want to try to start a new business in the Willamette Valley? I'm serious. What's in it for them? If you can't show someone the advantages to them - personally! - of starting a business here, then don't expect them to listen.Two-thirds of all start-up enterprises fail in the first five years. Fact. Venture capitalists know this and factor it into their calculations - they won't invest in any enterprise which does not have spectacular profit potential since their few homeruns have to pay for their many strikeouts. Neither the food industry nor the value-added wood products industry have the level of profit potentials that will interest any serious venture capitalist. We've been around that horn many times in Washington state.Also the typical "angel" wants the entrepreneur to have shaken down family and friends to invest up to the hilt, to have mortgaged their house and maxed out their credit cards into the enterprise. It has to be made very, very difficult for the entrepreneur to walk away from the business when times get tough (as they inevitably will). It's only going to survive with hard, hard work when there's no alternative except ruin.Good business ideas are a dime a dozen. The managerial skills to bring them to fruition are as rare as hen's teeth. Any private financial source will concentrate on the managerial skills of the entrepreneur - these are the make-or-break issues; enterprises typically fail not on lack of financing, but on lack of good management. It is politically impossible for any public financing source to properly evaluate management ("You didn't fund me because I'm a [fill in the blank].") which is why public financing is a lousy idea.Starting your own business takes a certain level of insanity. I know; I've done it. The rewards are immense (there's nothing better than being the boss of your own business), but they come at a very high cost. I often joked that if I was ever invited to a costume party in Olympia, I'd go dressed as a Payroll. It would be a unique experience for all the government types who'd never had to meet one before. There's nothing scarier than sitting in a deal closing on Friday afternoon knowing if it doesn't close then, you won't be able to meet the payroll or pay the rent on Monday. Been there, done that.Yeah, all the usual "community leaders" have signed on. They always do. Doesn't cost them anything and there's big upside for them (jobs, taxes).Talk's cheap, however. In case you hadn't noticed, the state legislature has passed a "soak the rich" ("rich" apparently means anybody who's managed to make a success of their business) tax package. Including a gross receipts tax which, as anyone who's worked in economic development in Washington state will tell you, is an A-1 strangler of early-stage enterprises. Three-quarters of all small-to-medium sized business investment is from retained earnings (you didn't know that? Why didn't you?) - all that income the "rich" are getting. Tax that away and business investment dries up - along with any incentive to start a business in the first place. This should not be difficult to understand, but apparently it is.Nobody starts a business to create jobs or pay taxes (although they will tell you that if they think it's in their interest to do so) - they start businesses to MAKE MONEY! Help them to do so and you'll attract them. Make it more difficult and they will go somewhere else where it's easier. Oregon is currently saying "Go somewhere else."
If someone really, truly IS an entrepreneur, they know all that already. And are going to start a business anyway (I LOVE 'em for it!). They don't need (or want) help. But they are very sensitive to hindrance. Let's make them welcome. And realize words alone ain't going to hack it. These men and women are from Missouri - you've got to showthem! Are we?
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