1. Project Slingshot: Local Funding for Entrepreneurship
May 18, 2017
Golden Sierra Workforce Development Board
Valley Vision

2. Innovation and Entrepreneurship
Healthy Communities
Ensure access to basic needs for all.
21st Century Workforce
Improve educational and job training opportunities for all.
Food and Agriculture
Increase food security, food education, and policies and programs in schools.
Clean Economy
Improve air quality, and maximize investment in disadvantaged communities.
Innovation and Entrepreneurship
Build opportunities for entrepreneurial skills available to all.
Valley Vision:
Formed in 1994 to make our region’s communities the most livable in the nation
Valley Vision has driven hundreds of regional change projects that have achieved results garnering statewide and national acclaim.
Valley Vision excels in community-based problem-solving, using research and the power of public-private partnerships to drive results.
We are among few regional agencies that take a long view, anticipating what the future might bring, and planning for it now.
Valley Vision Civic Leadership and Engagement
Our purpose is to help our communities become the most livable in the nation.

3. What is SlingShot?
Funded by CWBD, led by SETA as a partnership among four regional WDBs
Providing $750,000 in total, in one-time funds to support the success of entrepreneurs in the region
Addressing a 9 county region
Alpine, Colusa, El Dorado, Glenn, Placer, Sacramento, Sutter, Yolo, Yuba
Disbursed via a competitive RFP process, for work from March March 2018

4. SlingShot Outcomes across the State
Address a workforce challenge
Increase social mobility
Contribute to regional job growth
Collaborate across regions

5. The Entrepreneurial Ecosystem
Business Engagement
Storytelling
Resources/ Supportive Networks
Networked Capital
Talent/Workforce Development
Pipeline of Ideas

6. Entrepreneurs: Not One Size Fits All
Innovation Led
Second Stage
Main Street
Micro-enterprise

7. Capital Region Slingshot Goals
Strengthen the ecosystem by:
Increasing visibility and access to services
Increasing resources, especially for underserved communities, including rural, women, and people of color
Strengthening network ties throughout the region, especially urban to rural networks
Leveraging and working in tandem with other networks and resources to increase impact for all

8. An Online Resource Hub ($50K)
Create an online, open source, interactive resource tool
Identify and connect to all support services available to entrepreneurs in the nine- county region
Searchable based on type of service, type and stage of entrepreneur
Accessible to entrepreneurs and to support organizations
Regional scope, and community specificity
Adopted, used, and recommended by support organizations as broadly possible
Link and support regional initiatives
Innovation Hub (iHub), Promise Zone, Urban Jobs Initiative, and more
Sacramento iHub
State-designated in 2010; improving competitiveness by stimulating partnerships, economic development, and job creation around specific clusters throughout the state
Promise Zone
HUD-designated in 2015; driving an emphasis on community-based small businesses as a driver of economic growth and local employment
Urban Jobs Initiative
Addressing concentrated urban poverty in Sacramento, affecting nearly 85,000 residents; partnering with PBIDs, local neighborhood and business associations to bring the online tool to support local entrepreneurs

9. Makerspaces and Mentoring ($700K)
Geographic distribution across region
Gather regularly as a cohort
Complements the City of Sacramento RAILS grants program – additional local funding for entrepreneurship

10. Mentoring ($225K) Organization Amount Area Overview
Sacramento Metro Chamber
$125,000
Whole Capital region
SBDC will mentor 1,000 entrepreneurs on how to accelerate their business growth and track economic metrics.
CA Capital
$100,000
Sacramento
California Capital will leverage small business development services to connect mentorship clients with technical assistance, training, and counseling.

11. Maker Space ($475K) Organization Amount Area Overview Hacker Lab
$125,000
Golden Sierra
Develop and pilot a new makerspace model that engages nontraditional and underserved populations as makers and entrepreneurs
CSUS – University Enterprises
$82,498
Sacramento
Create new venture incubator service and workspace; provide startup support; and develop educational platforms be open to students and the public
Glenn County
$100,00
North Central Counties
Expand and enhance services available through the current Business Services office and provide Glenn County residents with a fully equipped maker space/incubator
Center for Land Based Learning
$91,844
Yolo
Will expand and grow the California Farm Academy (CFA) farm business incubator program.
Agtech Innovation Alliance
$75,658
Will fully outfit the Woodland based agtech incubator with appropriate office equipment and assist agtech startups

12. Measuring Success
Increased innovation and growth
Indicated by improvement of our Innovative Index score
Our collective efforts at improving the ecosystem: Increased access by underserved communities, increased urban/rural connections, increased resources
Individual contributions towards the whole: awardee project metrics

13. Valley Vision’s Slingshot Team
Meg Arnold
Managing Director
Evan Schmidt
Director, Strategy & Evaluation
2320 Broadway, Sacramento, CA 95818
(916)