Glossary Terms

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Net loss of local assets used for imported goods that could otherwise be produced locally, for example the money a national grocery chain collects from sales in a local retail outlet. Local food, energy or materials systems that replace costly imports can significantly reduce leakage and return more wealth to the community.

"Government entities, private foundations, individuals, and corporations that financially support an entrepreneurial ecosystem and its participants."
Source: JumpStart

Organizations and higher education institutions that increase people's awareness and knowledge of the local economy and its benefits, informing entrepreneurial action.

The outcome of a thriving business ecosystem is a culture that understands, appreciates, and celebrates entrepreneurs; embraces diversity; encourages investing; accepts uncertain outcomes and failures, and results in thriving entrepreneurial activities.
Source: JumpStart