The Lincoln Economic Development Association (LEDA) is looking to plant a garden, but not the kind filled with fruits and vegetables that grow in your backyard.
The Lincolnton-based organization is actually hoping to “grow” existing businesses, if they want, with “economic gardening,” a not-so-new concept that seems to be just now be sweeping across the nation.
Economic gardening was originally started in the City of Littleton, Colo. 23 years ago. The idea was to grow local jobs through entrepreneurial activity rather than recruiting.
Economic gardening breaks businesses down into three groups: stage one, 1-9 employees; stage two, 10-99 employees; stage three 100-500 employees; and stage four, more than 500 employees and the employer is considered a “large business.”
But the true focus on economic gardening is the stage-two companies, which have $1 million worth of sales, wanting to expand.
To read the full, original article click on this link: Lincoln Times-News : Lincoln County's Home Newspaper
Author: Sarah Melton
