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What is Entrepreneurship and Small Business-led Economic Development? How “Key” is it to Economic Recovery?

NSBDC

This post by Fred Steinmann, NSBDC

“Back on October 14, I wrote a piece on whether or not economic development can help solve our current financial crisis.  In short, I answered, ‘no.’  But I also argued that a comprehensive local economic development strategy could contribute to long-term, stable local economic growth.  I also wrote that any comprehensive local economic development strategy should and must consist of six general strategies, including:  1) technology led economic development, 2) small business and entrepreneur-led development, 3) workforce development, 4) business retention and expansion, 5) real estate development and reuse, and 6) neighborhood level economic development.  I thought that it would be useful for those of you interested in local economic development to explore each of these six general strategies in greater detail over the next month or so. I though I would start out by exploring entrepreneurship and small business. Read more:

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