The Company Lab Announces Nationwide Launch Of CO.STARTERS

Monday, November 25, 2013

The Company Lab Monday announced the nationwide launch of its CO.STARTERS business model development program. The program has been adopted by over a dozen entrepreneurial organizations in cities around the country including Phoenix, Cincinnati, Lakeland, Fla.; Fort Wayne, Ind., Johnson City, Tenn., Crossville, Tenn. and Chattanooga. 

CO.STARTERS takes the lessons learned through working with thousands of local creative entrepreneurs and combines that with industry changing startup methods drawn from the research and experience of forward-thinking entrepreneurs and startup thought leaders across the country, officials said. 

“There is a new approach to business in the high-growth startup world,” said Enoch Elwell, director of CO.STARTERS. “Through CO.STARTERS, we’ve adapted and applied those highly effective proven methods to micro-business, bringing together a community where these founders can thrive.” 

High-growth startups are increasingly focusing on customer driven business model development by building and testing small models before writing detailed plans. This allows for real-time customer feedback and more efficient model updates, helping entrepreneurs to avoid building businesses based on incorrect assumptions, officials said. 

The CO.STARTERS curriculum incorporates this strategy in a way that’s accessible and relevant to small-business owners. The CO.STARTERS model has been tested for years in Chattanooga, Cincinnati and Detroit, and it’s now rolling out in other emerging startup communities across the nation. 

Hustle PHX, based in Phoenix, provides programs, mentorship and capital to entrepreneurs in underserved urban communities. The organization implemented the CO.STARTERS program in June. 

“CO.STARTERS helps to alleviate a lot of the issues and problems that entrepreneurs may run into,” said Oye Waddell, the executive director of Hustle PHX. “It’s a snapshot of what you need to start a business, and it gives entrepreneurs a foundation to move forward and accelerate their ideas.”

Small business remains one of the economic drivers for local economies and job creation, but these smaller-scale startups have not received the same level of support as their high-growth counterparts. CO.STARTERS aims to narrow that gap.

“If you look beyond Silicon Valley and New York, there are countless communities that are full of talented entrepreneurs, but they lack the organized community support they need to thrive,” said Mr. Elwell. “CO.STARTERS brings together the community, resources, knowledge and methodology that startups can use to successfully launch and ultimately build a strong local economy.”

For more information on CO.STARTERS, visit costarters.co.


Tennessee Sees Significant Decreases In County Jobless Rates

Following the lowest state unemployment rate in nearly 20 years, Tennessee’s county unemployment rates for May 2017 have decreased in 94 counties and remained the same in 1, according to data released Thursday by the Tennessee Department of Labor and Workforce Development.  Davidson County has the state’s lowest major metropolitan rate at 2.1 percent, a decline from 2.7 ... (click for more)

Census: Tennessee's Median Age Continues To Grow

Since the 2010 Census, Tennessee's population has continued to age and 2016 was no exception, according to the data released today by the U.S. Census Bureau and disseminated by the Tennessee State Data Center. The center is housed within the Boyd Center for Business and Economic Research at University of Tennessee, Knoxville's Haslam College of Business. Tennessee's 2016 median ... (click for more)

Smith Denies He Told Young To Shoot Holsey In North Chattanooga Drug Deal That Cost A Life; Asks Jury To Spare Him Life Sentence

Briston "B.J." Smith told a Criminal Court jury on Friday afternoon that he never ordered Adram "A.B." Young to shot Charles "Chas" Holsey in a North Chattanooga drug deal that cost a life. Smith, who was 18 at the time and is now 20, asked the jury not to put him behind bars for life. The state is seeking a life sentence (51 years) on a first-degree felony murder charge. ... (click for more)

12 "Johns" Arrested In Multi-Agency Prostitution Sting Operation In East Ridge, Including Doctor, Teacher

A joint operation was conducted on Wednesday by the East Ridge Police Department in cooperation with the Hamilton County Sheriff’s Department, Chattanooga Police Department, and the Tennessee Bureau of Investigation to combat human trafficking and prostitution complaints within the city of East Ridge. The operation was conducted over a two-day period when online advertisements ... (click for more)

Exempt Volunteer Fire Departments From Procurement Policies - And Response

The Hamilton County Commission just grouped a bunch of departments together in an attempt to reign in the CVB. I haven't spoken to any commissioners, but I truly believe it was unknowingly. By mandating that all non profits that receive 25 percent of their revenue follow county procurement policies, they might as well have padlocked all local volunteer fire departments. We expect ... (click for more)

Roy Exum: Luther’s B-17 Showed Up

I am a huge sap for our veterans and just the other days a reader shared the ultimate story about a guy who returned to his sweetheart at the end of World War II. The little town of Miller. Missouri, is located in the southwest corner of the state and the biggest thing to ever happen in Lawrence County is when a native son, James Lawrence, hollered “Don’t Give Up The Ship” in the ... (click for more)