Who is likely to be an entrepreneur? EM to EI in Business Development

A small saw mill in the area. Entrepreneurs! 
That could impact local construction, furniture,
and other local industries. A question?
Could reaching out to regional entrepreneurship
graduates be a good pool to encourage to
relocate and start a business?

Entrepreneurs are important for the local economy and the long term health of a nation as a whole. Knowing who is most likely to become an entrepreneur and how to attract them is worth a pound of gold to those entities that hope to spur new economic activity. Typically, starting more small business (mixed with larger businesses) equates to additional investment and an influx of capital.

For example, in the town of Escanaba Michigan there is a need for new entrepreneurs who can help put life into and enhance the downtown in a sustainable way. If you don't know much about Escanaba it is one of those small Northern Michigan towns in the UP that has all the underutilized essentials needed for future growth. Visit Escanaba.

What a study of students found was that an entrepreneurial mindset can lead to entrepreneurial intention in a way that encourages entrepreneurial activities (Al-Ghazali, Ali, & Sohalil, 2022). The study further helped understand how the right encouragement and education may increase the available pool of those willing to engage in future entrepreneurial activities. 

While the study is more focused on understanding the entrepreneurial mindset (EM) and how that turns into entrepreneurial intention (EI) we can postulate that if local governments understand the key factors that create an "entrepreneurial mindset" we may be able to encourage and attract such people to open a business within underutilized entities such as Delta County (Underutilized means that many of the necessary resources are there and could be enhanced with investment and economic foresight. Not all localities have under utilized resources because they don't have such resources. Escanaba has things like a small tourism draw, an affordable downtown, local industries, industrial infrastructure, and state/national/global economic trends swaying its way.)

Let us break it down a little more. It would be nice to know who is most likely to start a business based on certain entrepreneurial characteristics, who has some existing capital (i.e. $100K+) and a good idea might be matched with someone (and a local support package) who can help them move through the process of brainstorming, finding additional capital, navigating regulations, finding facilities, and ultimately starting their operations (i.e. Escanaba downtown..)

Al-Ghazali, B, Ali Shaw, S. Sohalil3, S. (Oct. 19th, 2022.) The role of five big personality traits and entrepreneurial mindset on entrepreneurial intentions among university students in Saudi Arabia. Frontiers of Psychology, Sec. Personality and Social Psychology. Retrieved https://doi.org/10.3389/fpsyg.2022.964875