Norfolk Visioning 2026

 

Economic Development Trends

Page history last edited by Mark Hall 3 yrs ago

**** Economic Development Trends ****

 

This page provides links to articles from other services.

 

    • Just One Word: Fructose:

http://www.wired.com/news/technology/0,71268-0.html?nid=2334&rid=722683867

Plastic could be made from a common form of sugar instead of petroleum if the industry adopts a new process developed by scientists at the University of Wisconsin at Madison ...

 

http://www.businessweek.com/smallbiz/content/jun2006/sb20060612_043112.htm?link_position=link1&campaign_id=nws_innov_Jun21

 

The Best Place For Your Businesses

 

http://www.businessweek.com/smallbiz/content/jun2006/sb20060612_088445.htm?chan=smallbiz_special+report++--+best+places+for+entrepreneurs_best+places+for+entrepreneurs

 

http://www.energizingentrepreneurs.org/content/chapter_3/tools/1_000065.pdf

 

The six Community Readiness Factors:**

 

§ Openness to Entrepreneurship Is the community open to exploring

entrepreneurship as an economic development strategy? Central to such

a commitment is the firm belief that within your community there are

entrepreneurs who can create a new generation of successful businesses

and there are service providers and community leaders willing to help

them achieve success.

 

§ Balancing Business Attraction Does the community balance a

traditional economic development approach with a focus on local

businesses and on energizing entrepreneurs to create and build

homegrown enterprises? For 50 years the mainstay economic

development strategy has been business attraction, particularly the search

for industries. Supporting entrepreneurship requires a willingness to

broaden the economic development strategy beyond the traditional

recruitment model.

 

§ Entrepreneurship Programs Has your community had experience with

entrepreneurship programs already? Check any of the following

entrepreneurial programs that your community has experience with, either

currently or in the past:

Networking infrastructure for entrepreneurs

Mentoring programs for entrepreneurs

Efforts to improve business services for entrepreneurs

Micro lending or other business financing services

Entrepreneurial training programs such as “how to start a

business” seminars or courses

Business counseling services

Youth entrepreneurship education programs

Other programs specific to your community

 

§ Willingness to Invest Most rural communities have limited experience

with entrepreneurial programs. So do not assume you cannot create an

entrepreneurial development strategy if your experience with these kinds

of programs is limited. What is most important is a willingness to develop

and support these kinds of activities.

 

§ Leadership Team Can your community create a team that will work on

an entrepreneurial strategy? To be successful, a community needs a core

leadership team committed to building and supporting an

entrepreneurship program. Remember, as Margaret Mead once said,

“Never forget that a small group of thoughtful, committed citizens can

change the world. Indeed it’s the only thing that ever has.”

 

§ Beyond Town Borders Is your community willing to create partnerships

with other area communities to find the human and financial resources in

order to be in the economic development game? We in rural America love

our small towns. We value places where we know our neighbors. But in

today’s competitive world, we must collaborate to create enough scale

and capacity to support effective economic development strategies.

 

 

Site Meter

Comments (0)

You don't have permission to comment on this page.