Entrepreneur-Friendly Cities
The Georgia Municipal Association’s (GMA) Annual Convention brought together over 2,600 people for this year's theme, "The Power of Positive Leadership." Georgia Power, the presenting sponsor, shared their experience and resources through the event, including the value of fostering entrepreneurial ecosystems through a training on “Entrepreneur Friendly Cities.”
In their third year invited to speak on the topic of entrepreneurship, Georgia Power Economic Development's Scott Purvis and Vanessa Wagner shared valuable insights on the state of small business in Georgia. They also provided the basics on entrepreneurship ecosystems and resources available to support business' growth plans.
Community programs were presented by economic development partners, including Billy Pepper from Canton, Cindy Eidson with GMA, Taylor Smith from Thomaston, Amanda Glover from Bainbridge and Qaijuan Willis from Americus.
Together, all discussed the significant economic impact that small businesses and entrepreneurs have on local economies, emphasizing best practices for supporting and nurturing these contributors.
Small Business, Big Impact
Small businesses are not just engines of economic growth; they are the heartbeat of communities, creating jobs, fostering innovation, and enhancing the quality of life. By understanding and promoting the entrepreneurial ecosystem, cities can harness the full potential of their local entrepreneurs and ensure sustainable economic development.
Often when asked about small businesses, the town’s “Main Street” entrepreneurs come to mind - the local coffee shop or boutique with a carefully curated collection from regional artisans. While those small businesses have a critical role in the culture of a community and its economy, small businesses are finding success in nearly every top industry in Georgia. More than that, they have a significant economic impact on the residents who live where these businesses are created.
Research shows that microbusinesses, defined as having 10 or fewer employees, play a significant role in boosting local economies. They act as job creators and wealth builders with a "multiplier effect" that extends beyond their immediate operations.
For example, a small marketing firm hiring three employees also generates economic activity by increasing spending at local restaurants and businesses like print shops. Data from the American Communities Survey highlights the connections between microbusiness growth and factors such as household income, further emphasizing their positive impact on communities.
Impact Your Community
If your community wants to grow entrepreneurs' impact in your region, join us for the first CREATE (Cultivating Resilient Entrepreneurs and Transforming Economies) Entrepreneurship Summit.
Scheduled for August 13, 2025 in Macon, Georgia, the summit when you help you:
- Understand the value of a healthy entrepreneurial support system for local economies.
- Find assets and gaps in your community’s business support system.
- Network with state partners and funding sources to support your projects.
- Learn best practices from other Georgia communities.
- Hear from successful small business owners about their needs.
The summit is designed to help community leaders understand and implement entrepreneurship and small business growth plans. This event is intended for community leaders and professionals that are currently or interested in planning or supporting programs that help small businesses in Georgia.
RSVP to reserve a seat!
For questions about how our team can support your community's growth, get in touch with your Regional Economic Development Manager at Georgia Power.
