OPENPUBLICA · PUBLIC MEETING RECORD
Record of Proceedings

City of Dayton Commission Update on Entrepreneur Center and Small Business Ecosystem – September 10, 2025

City CommissionWednesday, September 10, 2025
BodyDayton, Ohio
SessionCity Commission
DateWednesday, September 10, 2025
StatusFILED
Video Record
0:00 / 1:07:55

Transcript — Verbatim
0:05

All right, Ms.

0:05

Dixon.

0:06

Good morning, Mayor, Commissioners.

0:10

So this morning, we have uh an exciting update, um, particularly around our uh strategic work with small business, entrepreneurial and small business development.

0:22

You know, the city of Dayton is a city of small businesses, and 80 percent of our economic growth comes from our existing businesses.

0:33

So we work obviously very hard with those existing businesses, small businesses to help them scale when they are ready to help them with investments and these um to do that.

0:47

And so these public private partnerships are really important in the landscape of economic development.

0:54

What's also really important is entrepreneurial development and facilitating a strong ecosystem that serves and supports those entrepreneurs, whether they're baking in their kitchen, um, you know, maintaining their landscaping equipment in their garage or starting a completely different entrepreneurial um uh endeavor with technology, etc.

1:20

We have um a rich ecosystem, and um Scott Korndike, as the president of Entrepreneur Center, has been driving these missions and visions um for many years now, and um getting some great traction, particularly with the expansion of the hub at the arcade.

1:44

And so he's gonna walk through uh the scope of work that that they provide.

1:50

Um we have long time been an investor and supporter of the entrepreneur center and their work because of the importance of that entrepreneurial strategy.

2:01

And um, so I'll turn it over to Scott Korndike to lead us through the presentation.

2:06

Thank you, City Manager.

2:08

Uh Commission, um let me get you begin by saying thank you.

2:14

Um I don't think you can overstate the importance of the city.

2:21

The city leadership in the last 10 years of the entrepreneur.

2:25

You just can't.

2:27

Um, yes, we as a community and as an ecosystem have gone on to do one of the things, and we're gonna talk about that.

2:34

The work really started 10 years ago when the entrepreneur center, the city, and other organizations learned to get out of our own way.

2:45

And learn to work as a community, learn to work in our respective spaces.

2:51

And honestly, that was driven by the city.

2:53

It was driven by the city manager, it was driven by the city commission.

2:56

It was driven by the confidence that the city had in the organizations inside of the community.

3:03

So at the outset, there's nothing you remember from this presentation today, other than this.

3:09

Thank you.

3:10

The leadership, I have think has been tremendous.

3:13

Uh, and that the residents of Dayton and the region have been well served by the leadership of the commission.

3:19

Commissioner, I've had the pleasure of working with all city managers.

3:22

I had the pleasure of working with managing commissioners, a couple mayors, um, and the leadership from the small business perspective is tremendous.

3:30

So thank you at the LSAP for that.

3:33

One little uh quick note.

3:35

My presentation views the entrepreneurial ecosystem from the regional perspective.

3:40

And the reason I think it's important in standing in front of the city commission to talk regionally is because our region can't be the region it is without the urban.

3:50

It just can't.

3:51

And so I will do everything I can to when I give you a number or give you a total or I give you an impact to bring it to the city.

3:58

We produce a report for the city manager and for the commission each year, which which implies in very specific ways exactly what we've done in the city.

4:06

But I thought it might be helpful just to give you the grander vision because that's how you all you know think, and that's how you operate the commission, the grander vision of the region, how important the city is uh to the region and the ecosystem of the region.

4:19

So forgive me for that.

4:21

It is a regional presentation, but I will I will bring it to the to the city level.

4:27

A pretty aggressive agenda, and I want to be respectful of your time.

4:30

I threw everything in here, and I can go any direction you want.

4:34

Um, I don't expect that you're gonna be particularly interested in the capital access strategies you were employing.

4:39

I don't expect that you're gonna care a great deal about what we're doing from an operating perspective, the budgets, but I want to be an open book.

4:45

I want to be totally transparent with you as to how we use our money, where we get our money from, how we deploy those resources.

4:51

So this is a lot.

4:53

So we'll go quickly, but please ask any questions.

4:57

If I'm going down a path you don't want to go down, correct me, point me in a better direction.

5:02

Um, but I'm excited to do this because it's the first chance I've had in in this current commission to give you that 30,000 foot perspective.

5:11

Questions before I begin at all?

5:13

Anything any of the commissioners specifically would like me to cover as I followed.

5:18

All right.

5:18

So let me begin by the regional framework.

5:22

I have had the pleasure, as I said, of working with this commission and the city manager for a number of years, and you've seen these evolutions.

5:29

And I just want to foot stomp what I said earlier.

5:32

The belief in the entrepreneur center, the partnership with the city has been transformational for us.

5:38

We originally were an incubator.

5:40

We were on 714 East Monument Avenue, as you might recall.

5:44

Uh 1998, we were incorporated, 2000.

5:47

We opened that building, which has now, as you know, been repurposed.

5:51

We were an incubator.

Discussion Breakdown — Share of Meeting
Economic Development█████████████████████████████████████████████67%
Technology and Innovation████6%
Community Engagement███4%
Diversity Inclusion██3%
Personnel Matters██3%
Zoning And Land Use██3%
Education And Workforce Development2%
Public Works2%
Public Engagement2%
Summary of Proceedings

City of Dayton Commission Update on Entrepreneur Center and Small Business Ecosystem – September 10, 2025

The Dayton City Commission received a comprehensive update from Scott Korndike, President of the Entrepreneur Center, on the organization's strategic work supporting small businesses and entrepreneurs. The presentation highlighted the evolution of the Entrepreneur Center, its economic impact, key programs, and the progress of the Integrated Business Resource and Opportunity Collaborative (IBROC). No votes were taken; the meeting consisted of a presentation followed by commissioner questions.

Discussion Items

  • City Manager's Introduction: City Manager Dixon introduced Scott Korndike, emphasizing that 80% of the city's economic growth comes from existing businesses and that public-private partnerships are critical. She praised the Entrepreneur Center's role in building a strong entrepreneurial ecosystem.
  • Scott Korndike's Presentation: Korndike thanked the city for a decade of leadership, noting that the Entrepreneur Center's success is a national model for city-community collaboration. He outlined the organization's evolution from an incubator to an innovation-focused center, now located at the Arcade with 180 businesses and 900 employees on-site. Key metrics shared:
    • Economic Impact: $1.07 billion in economic impact since 2017 (through 2024), with 65% attributed to the city of Dayton. The 2025 figure is approximately $1.25 billion.
    • Jobs: 1,100 net new jobs created (net of losses) with an average salary of $83,000.
    • Clients: 244 clients served in the latest period; 54% women founders, 47% minority founders, 11% veterans.
    • Funding Leverage: Every city dollar is matched at least dollar-for-dollar by the state; the Entrepreneur Center generated a 48:1 return on investment (state dollars) in 2023-2024.
    • Federal Contracts: The Dayton MSA captured 46% of Ohio's Small Business Innovation Research (SBIR) contracts from 2015-2021, with the city of Dayton itself capturing 5%—the highest urban core performance in the state.
  • Programs Overview: Korndike described the SBDC (funded by the city, with 7 staff focused on mainstream businesses), the ESP program (a $29.8 million state program, second largest in Ohio), and the TDSF program that helps transition technologies from research labs. The Entrepreneur Center also serves as the accelerator for the U.S. Air Force Research Laboratory's SBIR program, having put 320 companies through and generating $3 billion in follow-on funding.
  • Capital Access: Korndike discussed plans for a local investment fund, noting a $5–10 million target to retain startups in Dayton. The current angel network has about 60 local investors. A small revolving loan fund has made 7 investments (5 exited) but is currently underwater.
  • IBROC Update: The Integrated Business Resource and Opportunity Collaborative, a city-led initiative, is on track for a public launch on September 25, 2025. An executive director is expected to be hired early next week after final interviews. The organization is designed to streamline entrepreneur support by connecting multiple service providers. Fundraising will commence after demonstrating impact.
  • Commissioner Questions:
    • Commissioner Feather asked about integration with the city's broader economic development strategy. Korndike noted monthly meetings with city staff (Veronica) and described upcoming city-focused entrepreneurial forums to demystify city processes.
    • Commissioner Feather also asked about navigational support for entrepreneurs facing zoning or permitting issues. Korndike highlighted the collaboration with the city's zoning team, citing a recent example where a Montessori school’s permitting was resolved quickly.
    • Commissioner Feather inquired about capital access and the role of IBROC. Korndike explained that IBROC serves as a connective tissue for business support organizations to share ideas, including capital access strategies.
    • Mayor raised a question about the IBROC fundraising timeline. Korndike confirmed that the city has allowed a one-year runway to establish metrics before fundraising must begin in earnest.

Key Outcomes

  • No formal decisions or votes were taken; the meeting served as an informational update.
  • The commission expressed appreciation for the Entrepreneur Center's work and its focus on the city's economic growth.
  • The public launch of IBROC is scheduled for September 25, 2025.
  • An executive director for IBROC will be named shortly after final interviews on September 12, 2025.
  • The Entrepreneur Center continues to expand its programs and impact, with a 2026 operating plan of approximately $10 million.

Meeting Transcript

All right, Ms. Dixon. Good morning, Mayor, Commissioners. So this morning, we have uh an exciting update, um, particularly around our uh strategic work with small business, entrepreneurial and small business development. You know, the city of Dayton is a city of small businesses, and 80 percent of our economic growth comes from our existing businesses. So we work obviously very hard with those existing businesses, small businesses to help them scale when they are ready to help them with investments and these um to do that. And so these public private partnerships are really important in the landscape of economic development. What's also really important is entrepreneurial development and facilitating a strong ecosystem that serves and supports those entrepreneurs, whether they're baking in their kitchen, um, you know, maintaining their landscaping equipment in their garage or starting a completely different entrepreneurial um uh endeavor with technology, etc. We have um a rich ecosystem, and um Scott Korndike, as the president of Entrepreneur Center, has been driving these missions and visions um for many years now, and um getting some great traction, particularly with the expansion of the hub at the arcade. And so he's gonna walk through uh the scope of work that that they provide. Um we have long time been an investor and supporter of the entrepreneur center and their work because of the importance of that entrepreneurial strategy. And um, so I'll turn it over to Scott Korndike to lead us through the presentation. Thank you, City Manager. Uh Commission, um let me get you begin by saying thank you. Um I don't think you can overstate the importance of the city. The city leadership in the last 10 years of the entrepreneur. You just can't. Um, yes, we as a community and as an ecosystem have gone on to do one of the things, and we're gonna talk about that. The work really started 10 years ago when the entrepreneur center, the city, and other organizations learned to get out of our own way. And learn to work as a community, learn to work in our respective spaces. And honestly, that was driven by the city. It was driven by the city manager, it was driven by the city commission. It was driven by the confidence that the city had in the organizations inside of the community. So at the outset, there's nothing you remember from this presentation today, other than this. Thank you. The leadership, I have think has been tremendous. Uh, and that the residents of Dayton and the region have been well served by the leadership of the commission. Commissioner, I've had the pleasure of working with all city managers. I had the pleasure of working with managing commissioners, a couple mayors, um, and the leadership from the small business perspective is tremendous. So thank you at the LSAP for that. One little uh quick note. My presentation views the entrepreneurial ecosystem from the regional perspective. And the reason I think it's important in standing in front of the city commission to talk regionally is because our region can't be the region it is without the urban. It just can't. And so I will do everything I can to when I give you a number or give you a total or I give you an impact to bring it to the city. We produce a report for the city manager and for the commission each year, which which implies in very specific ways exactly what we've done in the city. But I thought it might be helpful just to give you the grander vision because that's how you all you know think, and that's how you operate the commission, the grander vision of the region, how important the city is uh to the region and the ecosystem of the region. So forgive me for that. It is a regional presentation, but I will I will bring it to the to the city level. A pretty aggressive agenda, and I want to be respectful of your time. I threw everything in here, and I can go any direction you want. Um, I don't expect that you're gonna be particularly interested in the capital access strategies you were employing. I don't expect that you're gonna care a great deal about what we're doing from an operating perspective, the budgets, but I want to be an open book. I want to be totally transparent with you as to how we use our money, where we get our money from, how we deploy those resources. So this is a lot. So we'll go quickly, but please ask any questions. If I'm going down a path you don't want to go down, correct me, point me in a better direction. Um, but I'm excited to do this because it's the first chance I've had in in this current commission to give you that 30,000 foot perspective. Questions before I begin at all? Anything any of the commissioners specifically would like me to cover as I followed.

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