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IseyWorks: Manufacturing Model <br />(Works: Manufacturing is the embodiment the hard working spirit of the community of Ramsey. By <br />cting or procuring manufacturing space, Ramsey can establish a hub for entrepreneurs in the city. <br />ous models, the shared manufacturing space seeks to remove the financial barriers currently impec <br />ion and growth. By providing access to large, cost -prohibitive machinery or floorspace, the incuba <br />age innovation and the growth of new industry. <br />irge Capital Investments <br />rtups and individuals with new <br />en lack the means necessary <br />ype and refine potentially <br />edge products. Access to <br />y cost -prohibitive machinery, <br />INC:machining facilities or 3D <br />:an give the opportunities for <br />re ideas to be actualized. The <br />nt may also allow established <br />opportunity to venture into new <br />:it may have previously been <br />ed risky. The distributed cost and <br />sal access to capital intensive <br />ant provides the potential for <br />>n without the financial risk of <br />estments. <br />ard •i @i'v <br />Resource Investments <br />In addition to large capital investments, <br />the incubator could make a series of <br />slightly smaller investments in communal <br />resources. Access to a tool library, <br />temporary workspaces or computer - <br />aided design software can help spur the <br />productivity of innovators and artists. <br />Following the lead of various "Maker Spaces" <br />throughout the nation, Ramsey Works can <br />also hold open houses where residents of the <br />community can come and work on their own <br />projects and see what products are being <br />developed by RamseyWorks' innovators. <br />This type of programming ties the incubator <br />investment back to the community and <br />increases its visibility as a resource for aspiring <br />entrepreneurs. <br />Incubator <br />Scorecard G <br />Connecting Resources <br />Ramsey has successfully connec <br />the productivity of its rural workfc <br />to the resources of the metro are <br />connecting industry knowledge, <br />ideas and the necessary tools, R <br />can continue to innovate. Conni <br />between the physical manufacti <br />equipment, shared work spaces <br />city hall and industry leaders will <br />foundational to the success of th <br />incubator program. Connecting <br />various incubators in both physic <br />social space will ensure the grea <br />chance of success as well as gee <br />the most value for each dollar in <br />Incubator <br />Scorecard <br />sections <br />s Industry <br />A successful incubator will connect a variety of physical spaces, social networks and financial <br />services. A single incubator will be helpful in removing specific barriers to growth, however, a <br />combination will provide the greatest chance for success. While the program should seek to inc <br />as many potential participants as possible, investments in the program should be guided by pa <br />2, 3 and 5. Utilizing existing assets will be foundational to a cost effective program. This includes <br />local business networks and expertise, city owned property and a variety of funding mechanisn <br />There are often multiple solutions to a small set of problems. Leveraging available options will m <br />the best use of program resources while providing the greatest chance of success. Connecting <br />resources, clients and services to relevant partners will be foundational to the success of the pro <br />and participants. <br />'n Opportunities The Ramsey <br />to Grow Advantage <br />Business Owner <br />Interviews <br />Incubator <br />Options <br />Resilient <br />Financing <br />Food Service Coworking Ma <br />Incubator Incubator It <br />ions <br />Participants in the first incubator program will become a valuable asset for future developmer <br />