Monday, October 01, 2007
EDPros in Buffalo are floating big plans for promoting entrepreneurship. One idea: Use proceeds from the sale of unused hydropower to establish an investment pool of at least $5 million allocated annually, which would be used to make grants up to $250,000.
According to the article: "The grants would be awarded on a competitive basis to entrepreneurs who have graduated from college in the past 10 years, set up shop in Erie or Niagara counties and whose business would be involved in one of the six clusters economic planners have deemed to have the best potential for the region."
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.