Entrepreneurial Experience : Eller College Launches South Tucson Economic Development Program
By Liz Warren-Pederson
With the support of a $100,000 seed gift from JPMorgan Chase, the Eller College of Management has launched a new economic development program aimed at helping South Tucson entrepreneurs grow their businesses.
The Eller Economic Development program will partner with nonprofit agencies such as the Tucson Hispanic Chamber of Commerce to identify individuals who can offer input on the specific needs of area small business owners as well as those who may benefit from the program directly.
“The program is based a similar program offered by the University of Washington in Seattle,” said Leslie Eldenburg, McClelland Professor of Accounting, who initiated the program. According to the Small Business Administration, start-up and small businesses have generated 65 percent of the net new jobs in the U.S. over the past 17 years. However, the small business landscape has also gotten more competitive as such companies are using cutting-edge technologies to help them succeed.
“The idea is to connect existing businesses to the resources they need to thrive and grow in this environment,” said Eldenburg.