Economic development organizations sometimes have to perform a high-wire act in promoting their central business districts without ignoring – or worse, harming – other business districts in the community.
In the past four years, only seven of the nation’s 100 biggest metros added more jobs than they lost during the recession, according to recent data from the Bureau of Labor Statistics. Five of those cities were in Texas. What has kept the top metro job creators so resilient – and what are other cities doing to catch up?
How important is small business and entrepreneurship to economic development? The reality is that small companies and entrepreneurs create a bulk of the job opportunities. That’s why everyone from demographer Joel Kotkin to Richard Florida spends a lot of time talking about entrepreneurship as an engine for job creation and drawing enterpreneurial talent.