Insights on business recruitment Friday, July 18, 2003 The South's traditional formula for branch plant recruitment won't work as well anymore, according to Michael Adams, the President of the University of Georgia. Adams was formely a top economic development official in Tennessee, so he knows the game. He helped recruit a Nissan plant to Tennessee in the early 1980s. "Just as financial capital was the currency of the 1980s, the capital of the early 21st century is human capital. It's brainpower." Now economic development requires partnerships among business, government and education leaders. "A compartmentalized approach to economic development in the 21st century will quite simply not work. (The state) needs to have representatives from all those sectors at the table." Here's a good article covering Adams' remarks. Read it. Today in our history of innovation... In 1968, founders of the Intel Corporation, inventor of the microchip, filed incorporation papers. In that year, a Hungarian immigrant by the name of Andy Grove co-founded Intel with a collaboration of colleagues with the same interest, to revolutionize the computer world. In 1971, Intel released its first microprocessor , the 4004 designed for a calculator. In 1972 came the more powerful 8008. The introduction of the 8080 in 1974 made possible the first personal computers. posted by Ed Morrison |		This work is licensed under a Creative Commons License. links 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. So, spread the word...Share the knowledge. Tell a friend about EDPro Weblog. If you are using a news reader, here is the link to syndicate this site: Here's the link if you are a bloglines subscriber: 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.

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