Mason County: Where Entrepreneurs Find Success!
Tuesday, November 16, 2021
Small businesses are critical to every community’s economic health. This November, the U.S Small Business Administration (SBA) Office of Advocacy reported there were 32,540,953 small businesses in the U.S. Those businesses drove 43.5% of gross domestic product and employed 46.8% of private sector workers! The entrepreneurs behind those businesses face much risk and uncertainty as they seek to make their ideas to reality. But by doing so, they play a vital role in developing a healthy and growing community through job creation and overall economic resiliency.
National Entrepreneur Day is November 16, a perfect time to raise awareness about these enterprising individuals, the benefits they bring to Mason County and what can be done to assist them on their journey. The Economic Development Council (EDC) of Mason County is proud to recognize these drivers of economic development with the resources and connections necessary to achieve success.
The significance of entrepreneurs has never been greater. The COVID-19 pandemic has pushed thousands of individuals to put their entrepreneurial ideas to the test by starting a business. The U.S. has seen a surge in business starts, with applications for new ventures increasing 24% in 2020 over 2019, according to data from the Census Bureau. More than 4.3 million business applications were submitted in the country in 2020, with 2021 on track to exceed that number by about 1 million applications. In comparison, 2010 saw nearly 2.5 million applications, 75% less than 2020.
Washington saw a sizable increase of entrepreneurs in 2020, with 75,802 applications, an 8.1% increase over the previous year. Mason County saw an even larger influx, with 419 business applications in 2020, a 13.9% increase!
Resources for Entrepreneurs in Mason County
EDC Mason is proud to offer quality resources to assist small businesses and prospective entrepreneurs, such as free consulting on market intelligence, business development connections and site selection assistance. The comprehensive services EDC Mason offers include:
- Financing Resources
- Market Intelligence
- Site Selection and Relocation
- Workforce Development Resources
- Business Consulting
- Business Development Connections
- Identifying Collaboration Opportunities
- Key Introductions
- Tax Research and Incentives
- Facilitation with city, county and state Permitting Processes
- Counsel and Advice
- Working with Governments
Mason County residents can enroll for a series of business courses FREE OF CHARGE through EDC Mason as part of its Business Builder Program. The partnership with North Mason Chamber of Commerce, Washington State University Mason County Extension, Mason County and Enterprise for Equity provides for a series of ongoing courses covering everything from preparing to start a business to accessing funding.
The Washington Department of Commerce’s StartUp Washington program is designed for entrepreneurs and small business assistance. One exciting offering is its Entrepreneur Academy, a compilation of courses taught by business experts covering all facets of business creation and management. Its Resources for Entrepreneurs provides an excellent collection of technical assistance, funding direction and mentorship possibilities for budding business owners.
The Washington Small Business Development Center (SBDC) has a network of business advisors throughout the state available to entrepreneurs, including one just outside Mason County at South Puget Sound Community College. The SBDC offers everything needed to start a business, including instruction on creating a business plan and financing options.
Washington companies seeking growth will find the Washington State Economic Gardening Program extremely helpful. Its assistance targets second-stage companies, which are those needing help beyond the initial steps of business development. Instead, entrepreneurs receive instruction on how to access and make research from sophisticated business intelligence tools work for their business.
Finally, Washington’s Small Business Liaison Team exists to connect entrepreneurs with the resources necessary to help their ideas become a reality. Various workshops, networking opportunities and a Small Business Guide are available as a collection of the best expertise Washington has to offer.
Support our Entrepreneurs
Starting a business is an exciting, yet daunting adventure. The Mason County community is filled with knowledgeable individuals with fantastic ideas, just seeking the chance to get started. EDC Mason is grateful for the opportunity to assist these dynamic entrepreneurs as they seek to fulfill their dreams. To learn more about how EDC Mason can help with every aspect that comes along on that path, email us or call (360) 426-2276.