Economic Development Futures Journal

Sunday, June 26, 2005

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Message to Ohio: Step Up Entrepreneurship

"Ohio's business leaders and policy makers should be less concerned about manufacturing plant closings and pay more attention to creating new businesses and new jobs, says Sandra Pianalto, president and chief executive officer of the Federal Reserve Bank of Cleveland." Read more in the Cleveland Plain Dealer here.

I agree with this assessment. This message was reinforced in my recent visit to Portland, Oregon, where much greater attention is being given to entrepreneurial development. I also believe there is plenty of room for entrepreneurship within the manufacturing sector. Entrepreneurship and manufacturing are not mutually exclusive, contrary to what some people might think.

1 Comments:

  • Don.

    You agree with a speech that says NEO policymakers should pay less attention to existing firms, especially manufacturers, in the holy name of creative destruction? Aren't you the guy from M@KE, who wrote just two years ago:

    "...manufacturing still has much to offer the regional economy and its emerging technology-based industry sectors and clusters. Many regional manufacturing industries and companies already have strong linkages to these other industry sectors and clusters. Quite importantly, many opportunities exist to forge new linkages between the two in the future, if the proper economic development model and strategies are adopted. These industrial linkages should be acknowledged as regional leaders give shape to future economic development strategies for Northeast Ohio. The failure to see these important ties could lead to the adoption of the wrong future economic strategy."

    How would you build strategic industrial linkages among firms that don't exist yet?

    By Blogger Bill Callahan, at 10:51 AM  

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