Friday, March 05, 2004
Earlier this week David Rizzo,chief executive officer of MCNC, proposed the creation the North Carolina Innovation Institute, a $164 million proposal to generate new jobs in the state's technology sector. State legislators, strapped by budget shortfalls and under pressure to respond to the collapse of some lower skilled manufacturing segments, is skeptical of making the investment.
Bad choice. Now is the time to make these investments. Read more here and here.
Good quote from Rizzo: "Advancements in technology and global market competitiveness have eclipsed the old model for economic development, which focused on lowering the cost of doing business and creating or recruiting manufacturing plants."
posted by Ed Morrison |
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.
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.
Proposal for North Carolina Innovation Institute
