Reinventing economic development as if small business mattered In cities and towns across the nation, economic development is at a crossroads. A growing body of evidence has proven that its current cornerstoneaincentives to attract and retain large, globally mobile businessesais a dead end. Even those programs that focus on local business, through buy-local initiatives, for example, depend on ongoing support from government or philanthropy. The entire practice of economic development has become ineffective and unaffordable and is in need of a makeover. The Local Economy Solution suggests an alternative approach in which states and cities nurture a new generation of enterprises that help local businesses launch and grow. These cutting-edge companies, which Shuman calls apollinator businesses, a are creating jobs and the conditions for future economic growth, and doing so in self-financing ways. Pollinator businesses are especially important to communities that are struggling to lift themselves up in a period of economic austerity, when municipal budgets are being slashed. They also promote locally owned businesses that increase local self-reliance and evince high labor and environmental standards. The book includes nearly two dozen case studies of successful pollinator businessesain the United States and abroadathat are creatively facilitating business and neighborhood improvements, entrepreneurship, local purchasing, local investing, and profitable business partnerships. Examples include Main Street Genome (which provides invaluable data to improve local business performance), Supportland (which is developing a powerful loyalty card for local businesses), and Fledge (a business accelerator that finances itself through royalty payments). It also shows how the right kinds of public policy can encourage the spread of pollinator businesses at virtually no cost.In 1967 it introduced savings accounts that calculated and added interest daily, a fairer way of growing membersa#39; money. ... the first youth credit union in an elementary school (1996); the first bank to award funding for environmentally sound transportation projects ... lesbians (2002); the first home-lending program for energy efficiency installations (2004); the first bike-sharing initiative (2007); and the firstanbsp;...
|Title||:||The Local Economy Solution|
|Publisher||:||Chelsea Green Publishing - 2015-06-09|