Recognizing that supportive and vibrant entrepreneurial ecosystems are essential for sustainable community growth, Main Street America piloted the Equitable Entrepreneurial Ecosystems (E3) Initiative across 30 communities in nine states and Puerto Rico. Supported by the Ewing Marion Kauffman Foundation, the program combined statewide convenings, intensive support in 30 selected communities, and seed-funded subgrant projects to catalyze local ecosystems.
From this experience, we have identified nine lessons that form the foundation of our new Strengthening Entrepreneurial Ecosystems Across America playbook, created to help Main Streets support entrepreneurs and small businesses.
Lesson 1: Main Street organizations, with their inherent focus on trust, collaboration, and downtown vitality, emerged as powerful hubs for fostering local entrepreneurial ecosystems
Main Street organizations, situated at the heart of downtowns and neighborhood commercial districts, possess a unique convening power. By bridging business-serving organizations, entrepreneur support agencies, local governments, property owners, and marketplaces, such as farmers markets and co-working spaces, they become central nodes in the ecosystem. Through consistent communication and trust-building, local Main Street organizations can bring a diversity of stakeholders around a shared vision for equitable entrepreneurial growth.
Lesson 2: Financial resources are critical, but money is truly just one piece of the puzzle
While grant funding remains a critical resource, money alone does not guarantee success. The E3 Pilot underscored the transformative power of personalized technical assistance. Main Street leaders who “pounded the pavement” by visiting businesses regularly provided entrepreneurs with confidence, practical guidance, and accountability — often filling the role of mentor, strategist, and cheerleader.
Lesson 3: While real economic development wins can come quickly through energized entrepreneurial ecosystems, the most profound successes may take time
Balance quick wins with long-term strategy. The power of rapid, visible successes, such as producing seven new businesses in Anniston, Alabama, through a ten-module education series culminating in a pitch competition, cannot be overstated. Quick wins generate momentum, build credibility, and inspire broader participation. However, equally vital are long-term strategic investments. For instance, Mount Vernon, Washington, shifted from printing a startup guide to launching a paid high-school internship program (starting Fall 2025) to cultivate the next generation of entrepreneurs. This dual approach ensures both immediate impact and sustained ecosystem health.