Monday, October 30, 2006
Business leaders in Delaware are launching a new initiative, First State Innovation, to spur innovation in that state.
The initiative has some clear metrics to keep it focused: It will measure its progress based on the flow of "angel fund" money coming into Delaware, the number of startup firms, the number of firms that generate more than $10 million in revenue and the number of businesses that increase revenue from $10 million to $50 million.
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.
Delaware's new innovation initiative
