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The local economy solution : how innovative, self-financing "pollinator" enterprises can grow jobs and prosperity

Author: Michael Shuman
Publisher: White River Junction, Vermont : Chelsea Green Publishing, 2015. ©2015
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
In cities and towns across the nation, economic development is at a crossroads. A growing body of evidence indicates that its current cornerstone -- incentives to attract and retain large, globally mobile businesses -- is a dead end. Even those programs that focus on local business, through buy-local initiatives, for example, depend on ongoing support from government or philanthropy. The entire practice of economic  Read more...
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Document Type: Book
All Authors / Contributors: Michael Shuman
ISBN: 9781603585750 1603585753
OCLC Number: 893453722
Notes: "Reinventing economic development as if small business mattered"--Cover.
Description: x, 232 pages : illustration ; 23 cm
Contents: Introduction --
Principles: Moving beyond "Attract and retain" --
Planning: Prepping businesses and places for success --
Purchasing: Pumping up the sales volume --
People: Training the talent --
Partnerships: Teaming up to win --
Purse: Ending investment apartheid --
Possibilities: A million wishes --
Appendix: 28 models of pollinator enterprises.
Responsibility: Michael H. Shuman.

Abstract:

In cities and towns across the nation, economic development is at a crossroads. A growing body of evidence indicates that its current cornerstone -- incentives to attract and retain large, globally mobile businesses -- is a dead end. Even those programs that focus on local business, through buy-local initiatives, for example, depend on ongoing support from government or philanthropy. The entire practice of economic development has become ineffective and unaffordable and is in need of a makeover. The Local Economy Solution suggests an alternative approach in which states and cities nurture a new generation of enterprises that help local businesses launch and grow. These cutting-edge companies, which Shuman calls "pollinator businesses," are creating jobs and the conditions for future economic growth, and doing so in self-financing ways. Pollinator businesses are especially important to communities that are struggling to lift themselves up in a period of economic austerity, when municipal budgets are being slashed. They also promote locally owned businesses that increase local self-reliance and evince high labor and environmental standards. The book includes nearly two dozen case studies of successful pollinator businesses in the United States and abroad that are creatively facilitating business and neighborhood improvements, entrepreneurship, local purchasing, local investing, and profitable business partnerships. Examples include Main Street Genome (which provides invaluable data to improve local business performance), Supportland (which is developing a powerful loyalty card for local businesses), and Fledge (a business accelerator that finances itself through royalty payments). It also shows how the right kinds of public policy can encourage the spread of pollinator businesses at virtually no cost.

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"Michael Shuman, long a pioneer in the local-economy movement, has pushed the conversation forward once again, showcasing new tools for localists, new business models for entrepreneurs, and new Read more...

 
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