Monday, December 3, 2007

Economic Development Myth 6 - EcDev and The Single Entrepreneur

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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.

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