A new report came out this week from the Kauffman Foundation on the importance of entrepreneurship to urban and regional prosperity. The report urges local, regional and state officials to focus on forming and growing new companies in their cities and region.
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"Policy-makers at local and state levels increasingly recognize that entrepreneurship is the key to building and sustaining their economies' growth," said Robert Litan, vice president of Research and Policy at the Kauffman Foundation. "Although this is a seemingly obvious proposition, it represents something of a departure from past thinking about how local, state or regional economies grow."
This report adds an important voice to the emerging trend across the country: Focus on urban entrepreneurship and regional innovation.
You can learn more about the report here.
You can download the report here.
WIRED regions are experimenting with a wide range of efforts to train and nurture entrepreneurs. For example:
- West Michigan WIRED has some exciting initiatives underway to teach inventors how to translate their intellectual property into products that can be manufactured in the region. Learn more.
- My Biz entrepreneur network supports a pilot program in community colleges in Mississippi. The West Alabama East Mississippi WIRED region is leading this effort.
- IndianaWIRED has launched entrepreneurship training among high school students. Learn more.
The California Innovation Corridor is engaged in an important initiative to measure regional innovation. Learn more.
Surefire advice to local officials: Streamline regulations.
The newspaper in Sacramento carries a good summary article:
Nurture startups, don'??t import them, Sacramento is advised
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