News Flash Home
The original item was published from 8/5/2015 11:21:00 AM to 8/5/2015 11:21:58 AM.

News Flash

Announcements & News

Posted on: August 5, 2015

[ARCHIVED] Brookings wins entrepreneurship competition launched by President Obama

Brookings, S.D. August 5, 2015

When it comes to ease of doing business, America is top 10 in the world. But, when it comes to starting a business, our country is ranked 46th. That is why the White House announced a competition in June to encourage cities to make it easier for entrepreneurs by reducing the amount of time it takes to begin a business.

The Startup in a Day competition, administered by the Small Business Administration, was open to cities and Native American communities to help them streamline the licensing, permitting, and other requirements needed to start a business in their areas, with the goal of enabling entrepreneurs to apply for everything necessary to begin within one business day.

As part of the first-ever White House Demo Day yesterday, an event focused on inclusive entrepreneurship, President Obama announced the winners of the competition and Brookings was on the list.

“The city council worked in conjunction with Brookings Economic Development Corporation to apply for this competition,” said Mayor Tim Reed. “Entrepreneurship is a key component of our economic development strategy and we are very excited to receive this award to assist the business startup process.”

As part of the application process, BEDC staff and council member Scott Meyer identified potential solutions for an online tool that will streamline the business startup process and connect Brookings area entrepreneurs to resources, other entrepreneurs, and mentors.

“This grant award and the product to be developed will overlap very nicely with the ENspired community entrepreneur program launched by BEDC late last year,” said Al Heuton, executive director of BEDC. “It is an honor to be recognized by the White House and SBA for what Brookings is doing to support entrepreneurs.”

Other cities winning the competition included: Anchorage, Alaska; Asheville, North Carolina; Atlanta, Georgia; Austin, Texas; Boise, Idaho; Boston, Massachusetts; Brookings, South Dakota; Burlington, Vermont; Champaign, Illinois; Jackson, Michigan; Long Beach, California; Memphis, Tennessee; Milwaukee, Wisconsin; Oakland, California; Peoria, Illinois; Riverside, California; Rockland, Maine; Rocky Mount, North Carolina; Rutland City, Vermont; Salt Lake City, Utah; San Francisco, California; Seattle, Washington; St. Louis, Missouri; Washington, District of Columbia; and Wilmington, Delaware.

Facebook Twitter Email