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With Strong Community Support, Startups Create More Than Jobs

January 13, 2013View for printing

Encouraging and supporting new business creation has enjoyed renewed popularity in recent years as an economic development strategy at the local and regional levels. After decades of "smokestack chasing" and, increasingly, office-park-chasing, leaders at all levels of government have realized that homegrown development through new businesses is better than lavishing tax incentives on existing companies.

Some call this "economic gardening," while others have called attention to "startup communities" and "entrepreneurial ecosystems." Call it what you will - it is clear that entrepreneurship is the key to stronger local and regional economies.

by Marc Nager and Claire Topalian

Full Story: http://www.forbes.com/sites/kauffman ... -than-jobs/

(Many thanks to Chris Gibbons for sharing this)
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