Entrepreneurship As An Economic Development Strategy

Business creation is considered by many to be the most difficult and resource-intensive form of Economic Development. However, there are great pay offs for a community if the program is well thought out and done correctly.

As Chuck Wolfe, Principal, Claggett Wolfe Associates explains, there are many good reasons communities choose to use entrepreneurship as an Economic Development strategy.

• Gardening vs. Hunting: Some communities would rather invest in businesses that can be grown in their backyard versus hunting for businesses that may be interested in moving to their city or county.
• Some communities lack the competitive advantages to attract large firms and it makes sense for them to grow what they have.
• Working with local entrepreneurs and inventors allows a community to retain local innovation and talent.
• It also allows you to retain and build wealth in the community.

Chuck is an expert trainer on entrepreneurship as a form of Economic Development. Click here to download his presentation on the subject or for more information, contact him directly at 530-878-8016.