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Product Name
The Entrepreneurship Fast Track (also referred to as Emerging Entrepreneurs)

Project Description
The Emerging Entrepreneurs program, operated at Monroe and Genesee Community Colleges, includes two credit courses that allow individuals to explore potential business opportunities and learn the process for developing a strategic business and marketing plan. Combined program enrollment and completion for both GCC and MCC was reported to be 205 students. employment.

Outcome from Using the Product
Monroe Community College (MCC) met their goals by enrolling 30 students in the fall 2008 program. MCC then enrolled 45 students in its Spring 2009 cohort, with 40 students continuing their coursework through May. Twenty-three students enrolled and completed the summer 2009
program cohort. Originally the Entrepreneurial Studies Level II course was not on the summer schedule; however, several students in the Level I course expressed a desire to continue their learning and the class was added. MCC then successfully enrolled 40 students in the fall 2009
program cohort. MCC served 133 students total.

It was reported that a total of seven (7) new businesses established since the program launch in 2008.

Project leads organized the Pathways to Entrepreneurial Success 2009 event, designed as the first community resource forum serving entrepreneurs and small business owners and drew hundreds of attendees. MCC also continues to work with RochesterWorks! to enhance the National Business Information Clearinghouse (BIC) website and provide a central location for businesses resources available in the nine county region.

Genesee Community College (GCC) had 28 participants enrolled in their first Entrepreneurship course in fall 2008. GCC then had 34 students apply and 31 students attend their Spring 2009 entrepreneurial courses. Of the 31 participants, eight students projected that they would start a business after the completion of the course. GCC reported that 16 students applied and 13 students attended the fall 2009 program cohort, and using technology support students were able to attend the program at both the main Batavia campus and one satellite campus center in Albion.

Projected course enrollment was 60 individuals but project leads reported that despite increased marketing efforts the program experienced recruitment shortfall at satellite campus centers (which require a minimum of 10 students to run the class). GCC served 72 students total.

 

Updated 1.10

“We expect the impact (from trianing through Wired) to be a revitalization of the local economy, a retraining of our workforce to take advantage of new employment opportunities, new sectors such as clean technology and green technology. And I think a revitalized small business community that basically can provide a source for many of the new jobs to be created in this economy over the next few years.” Dr.William Destler, President Rochester Institute of Technology

Strategic Outcomes
To be supported by Finger Lakes Wired initiatives

  • Increase job growth relative to national average
  • Increase average wages relative to national average
  • Increase retention of 20-34 age workers
  • Adoption of a regional identity resulting in collaborative networking and communication in support of regional economic strategies

 

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