The term “economic gardening” is coming into play across our state as this new public policy initiative of boosting job creation by focusing on growing existing businesses in the state is discussed by Gubernatorial and other public-office candidates.
It is a concept designed to propel the state toward economic growth and stability. Almost all of Michigan’s new jobs from 1993-2007 came from companies with fewer than 100 employees while companies with 500 or more employees lost a significant number of jobs in the same time frame, notes the Edward Lowe Foundation, the 25-year-old entrepreneurial leadership group in Cassopolis.
Introduced by the Small Business Association of Michigan (SBAM) at its recent annual meeting, the economic gardening concept “needs to refocus our strategy from ‘hunting’ outside the state for job providers to ‘cultivating’ our own home grown businesses,” explains Rob Fowler, SBAM president. It targets especially second-stage businesses ($1 million annual revenue) that have been the primary job creators.
To read the full, original article click on this link: A Closer Look At ‘Economic Gardening’ « WWJ AM
Author: Larry Eiler
