Monday, September 25, 2006
The North Carolina Treasurer is leading an effort to expand early stage financing in North Carolina. Here's the interesting aspect of this announcment. Under North Carolina law, the Treasurer can invest up to 20% of the state's abandoned property fund (Escheats Fund) in seed and venture capital. Why don't other states follow suit?
(For the curious, an escheat is a reversion of property to the state. In feudal times, when an owner died without legal heirs, the ownership of the property reverted to a superior feudal lord.)
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
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NC Treasurer pushes seed and venture capital
