Monday, May 09, 2005
Cuyahoga County, OH is beginning a new economic development initiative to encourage product development among manufacturers. The loans, which range from $15000-$45000, are designed to help develop new products. Read more.
This idea is not new. Connecticut's Product Development Corporation, founded in 1972, provides financial assistance to firms working on the development of new products when private financing isn't forthcoming. The significant issue for the Ohio program: are the loans big enough to make a difference?
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.
If you are using a news reader, here is the link to syndicate this site:
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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.
Product development loans
