Some old-school economic development types tend to shy away from selectively helping Entrepreneurs and startup companies for fear of the perception of favoritism. In economic development spin:
Singling out one Entrepreneur (or Startup) means others don’t get assistance
The corollary, in reality, is this belief:
All Entrepreneurs (and Startups) Are Created Equal
Not much to say here that hasn’t already been said. I don’t know why economic developers would ever ascribe to the limited pie theory; if you’re in the business of creating opportunity don’t shy away from it!
Use this instead:
Targeted growth of sectors and business clusters starts with - and is complemented by - tests with a few key Entrepreneurs.
Think of these key entrepreneurs - many of them serial entrepreneurs - as the control group to gauge future cluster participants against.
Monday, December 3, 2007
Economic Development Myth 6 - EcDev and The Single Entrepreneur
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