In my work at JumpStart, I hear stories like this a lot: “Our regional economy is declining, but it wasn’t always like this. Did you know that [insert name of large, successful company here] was founded here? It still employs thousands of people. Unfortunately, it’s been a while since we’ve had a success like that.”
With 14 million Americans out of work today, leaders in hundreds of regions across the country are in this situation. Knowing that all net new job growth in the past 30 years has come from high-growth, entrepreneurial companies, regions want to tap into their entrepreneurial legacies and once again become thriving centers of commerce by spurring the growth of new, technology-based, high-value companies.
In fact, a fellow Huffington Post blogger, Nick Seguin of the Ewing Marion Kauffman Foundation, recently posted a blog titled “Building Entrepreneurial Communities: Lessons From ‘Big Omaha,’” which included a section on communities doing just that. He said communities need to focus on their advantages and I agree.
To read the full, original article click on this link: JumpStart: IdeaExchange Blog » Blog Archive » Rescue Regional Economies With High-Growth Startups
Author:Mike Mozenter
