Tuesday, September 17, 2002
Chicago's economic development program is shifting focus to new start-ups that are commercializing discoveries coming out of university labs and research centers. The incentives are the same, but the targets are different. Last year, a McKinsey study targeted biotechnology and nanotechnology as promising areas in which to focus.
One proposal would provide $3 million in low-cost financing to Genomics USA to buy equipment to start production. The financing proposed for Genomics USA is tax-exempt industrial revenue bonds, issued by the city and purchased by private investors. Another would provide $1 million to a nanotechnology company. Learn more. Go
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Chicago builds technology base
