Elevating Enterprise: Inside the I-Corridor
Oct 30, 2026 · 38 min · 12 segments
Ep. 25 Buffalo. Rochester. Syracuse. Three cities with distinct identities, industries, and strengths. But what if we started thinking of them as one interconnected economic powerhouse? **Dr. Lomax…
RJ WilliamsHost
What does it actually mean to build an economic ecosystem and centered around entrepreneurship?
And one of the ways that they define an ecosystem is the network of organizations.
I'm sorry, the network of collaborators supporting entrepreneurs and the degree of trust that exists among them.
It's about people who trust each other and who are collaborating towards a common objective.
And so what that's translated to in my work is we know that an ecosystem represents the environment in which something happens.
So if we're talking about the environment in which entrepreneurs are conceptualized, developed, launched, sustained, scaled and exiting that venture.
We're talking about organizations that provide training and technical assistance.
And I tend to distinguish education, training and technical assistance broadly because education is teaching you how to fish.
Training is another level of education where it may be specific to you, whereas education might be more generalizable.
Like, what is a business plan? Why is it important? What is a 680 credit score compared to an 800 credit score? That's broad education.
It also includes the physical environment in which entrepreneurs and their support providers and also their customers meet, right? Those markets, right? Those networking opportunities.
And so oftentimes all of these actors exist around entrepreneurs and small business owners, because not every business owner is the entrepreneur.
And so ecosystem building, I would argue, is the art and science of beginning to say we're focused on Main Street businesses.

What does it actually mean to build an economic ecosystem and centered around entrepreneurship?
And one of the ways that they define an ecosystem is the network of organizations.
I'm sorry, the network of collaborators supporting entrepreneurs and the degree of trust that exists among them.
It's about people who trust each other and who are collaborating towards a common objective.
And so what that's translated to in my work is we know that an ecosystem represents the environment in which something happens.
So if we're talking about the environment in which entrepreneurs are conceptualized, developed, launched, sustained, scaled and exiting that venture.
We're talking about organizations that provide training and technical assistance.
And I tend to distinguish education, training and technical assistance broadly because education is teaching you how to fish.
Training is another level of education where it may be specific to you, whereas education might be more generalizable.
Like, what is a business plan? Why is it important? What is a 680 credit score compared to an 800 credit score? That's broad education.
It also includes the physical environment in which entrepreneurs and their support providers and also their customers meet, right? Those markets, right? Those networking opportunities.
And so oftentimes all of these actors exist around entrepreneurs and small business owners, because not every business owner is the entrepreneur.
And so ecosystem building, I would argue, is the art and science of beginning to say we're focused on Main Street businesses.
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