Economic Development

Economic Development

True believers enlist the EPA

The U.S. Environmental Protection Agency is positioning itself to impose what economist and policy analyst Mark Mills calls "an expanded and stunning new regulatory burden" on the U.S. economy. 

Wyoming tends to its 'gardening'

CASPER, Wyo. -- Sixty years ago, Mississippi governor Hugh White established a program called Balance Agriculture with Industry. Purpose: To couple Mississippi's low taxes, cheap land, unskilled labor and low wages with tax abatements and other subsidies -- called "incentives" -- to entice Northern industries to expand or relocate in the South. With this program, Mississippi is generally regarded to have invented industrial recruitment, smokestack chasing and other beggar-thy-neighbor approaches to economic development.

'Gazelles' are running strong

Who's creating jobs? "Gazelles," according to MIT small-business guru David Birch. 

"Gazelle" is the term Birch uses to describe the mostly small but rapidly growing firms that account for most of America's job growth. Gazelles are contrasted with "Elephants," the large, publicly traded firms that have shed more than 4 million jobs during the past decade, and "Mice," the millions of small firms that create jobs when they start up but then grow very little. 

Small business makes biggest impact on jobs

Who's creating jobs? How many, what kinds and where? MIT's David Birch, a physicist turned micro economist and the established guru of job creation in America, tells us in a new study that provides fresh insights to findings already established.

In Chancy times lone eagles soar

Changes in how people live and work are a major characteristic of the New Economy. 

According to Dunn and Bradstreet, there are about 20 million business enterprises in the U.S. Only 4.4 million are corporations, though they employ more than half the labor force. The rest are partnerships (1.8 million) or sole proprietorships (14.2 million). Most among these 20 million enterprises are tine; only 7,000 have 500 employees or more. 

Future workforce to wear new face

The changing workforce is a major characteristic of the new economy. 

One of the most important changes is the slowdown in U.S. population growth, characterized by the "baby bust" generation -- Americans 15 to 26 years old, born between 1965 and 1976. 

In fact, according to the Hudson Institute's landmark report, Workforce 2000, and other recent studies, there will be 20% fewer new entrants to the workforce in the 1990s than in the 1970s. That is why we are seeing tighter labor markets and, in may places, actual labor shortages. 

Advice to Colorado: Build on strengths

In their book on American corporations, In Search of Excellence, Tom Peters and Bob Waterman found that successful corporations are those that stick to their knitting, build on their strengths, add value to existing activities. 

They also found that corporations get in trouble when they get into new lines of business far removed from their experience, their network of contacts and their existing know-how and resources. 

Telework adding flexibility to jobs

Telework - the use of computers and telecommunications to allow employees to work at home - is becoming an important tool for more companies. 

One application of telework is telecommuting: People on a company payroll working at home at least part of the week instead of coming into the office. 

Many of these workers, estimated to exceed 3 million Americans, are connected to their offices by computer modem or fax machine. They receive directions and turn in their work over phone lines. 

Global enterprise has rural roots

In the back room of a small paint store in rural Pullman, Wash., business development specialists are using a computer and fax machine to try to sell local agricultural equipment and expertise in the global marketplace. It's a grassroots operation that works. 

The non-profit, bootstraps initiative, AgriTechnics International, was established in April by the Palouse Economic Development Council, a four-county development agency. 

Gardeners grow better economies

Stick to your knitting. Add value to existing activities. 

These are concepts used by successful business leaders to build sound and growing enterprises. Together they make up a strategy we call gardening, which I believe works as effectively in community and economic business development as it does in business. 



It’s better to wear out than rust out.”  That is the message of Reboot!  While American culture glamorizes the “Golden Years” of endless leisure and amusement, Phil Burgess rejects retirement, as he makes the case for returning to work in the post-career years, a time he calls later life.

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