Tuesday, July 13, 2004
Add Kentucky to the list of states that will be focusing economic development resources on life sciences. It's another state that appears to be heading into a highly competitive arena that -- thusfar -- has not produced much in the way of jobs. Read more.
This step may make sense, but where's the strategy? Without some clear thinking about assets and opportunities, states like Kentucky risk investing without high probabilities of success. Life science companies are extremely risky, and they take a lot of money to get off the ground.
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.
Kentucky announces new life sciences initiative (Join the club)
