Podcast # 185: How Local Governments Can Power Startups with John Lynn

Episode 185 of the Econ Dev Show Podcast is out. Listen now.

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In this episode of the Econ Dev Show, Dane Carlson sits down with John Lynn, co-founder and managing partner of Quay Acceleration, to explore how public-sector-backed accelerators are reshaping the entrepreneurial landscape. They discuss the shift from private, investor-focused models to community-centered programs funded by economic development organizations, the unique benefits these accelerators provide to entrepreneurs, and how communities can measure success beyond ROI. John shares real-world examples, including a retail storefront accelerator in Manhattan, insights into evolving capital markets, and his vision for the future of entrepreneurship in an ever-changing economy.

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Ten Actionable Takeaways for Economic Developers

1. Define success metrics for accelerators that align with community priorities, not just investor ROI.
2. Focus on retention of high-revenue companies as a key measure of long-term impact.
3. Pair accelerator participants with experienced mentors from relevant industries.
4. Use accelerators to address specific local economic challenges, such as high retail vacancy rates.
5. Integrate accelerators into broader multi-tiered economic development strategies.
6. Ensure program content is field-informed and reflects the latest industry practices.
7. Leverage public visibility to attract community engagement and media coverage.
8. Conduct feasibility studies before launching to ensure sustainability and fit.
9. Expand success metrics to include job creation, revenue generation, and brand recognition.
10. Build relationships with global networks to bring investment and expertise into local programs.

Episode Links

• Quay Acceleration
• John Lynn | LinkedIn
• EIR Live | All Episodes
• Here's How to Get Your Startup Into Accelerator Element 46 - Business Insider