Long Beach Strengthens its Entrepreneurial Ecosystem: The City of Opportunity for Workers, Investors, and EntrepreneursRelease Date: 2019-05-06
The following blog post is part of the City Accelerator initiative, a collaboration between Governing, the Citi Foundation and Living Cities that aims to speed the adoption of innovative local government projects within and across cities that will have a significant impact on the lives of their residents, especially those with low incomes.
In April 2017, Mayor Robert Garcia and the City Council adopted the Blueprint for Economic Development (Blueprint). The Blueprint serves as a call to action for the City of Long Beach, private sector, academia, and community-based organizations (CBOs) around a strategic vision for economic vitality. It is already producing new, more efficient ways of assisting entrepreneurs and cultivating an environment that not only welcomes but encourages partnership. Still, a question remained: How does Long Beach ensure this work is radically inclusive, equitable, and collaborative? The answer has been found in the Long Beach City Accelerator Initiative, a collaboration between Governing, the Citi Foundation, and Living Cities, on local business and job growth.
City Accelerator is built around proactively ensuring entrepreneurs are equipped and supported to create jobs and become high-growth businesses. During the 12-month initiative, the City of Long Beach is building on an existing micro-loan program; establishing and intensifying partnerships with the private sector, academia and CBOs; and increasing access to technical assistance, mentorship, and other vital resources.
“Long Beach thrives when every person in our city has the best access to the tools and skills they need to succeed. Our business community is a big part of what makes Long Beach so unique. The partnerships facilitated through the City Accelerator have allowed for expansion of cross-sector efforts we’ve been working on to open up our business environment for everyone. Bringing together Long Beach’s business community with our educational partners like Cal State Long Beach ensures we are growing the ecosystem for entrepreneurs to prosper here,” Mayor Robert Garcia said.
Read more on Governing.com