Project to Explore the Feasibility of a Statewide Network for EntrepreneurialEconomic Development

摘要

The purpose of this project is to demonstrate the feasibility of a statewidenetwork to support innovative entrepreneurs that will result in economic growth for Alabama. A secondary purpose is to call attention to the need to refocus Alabama's industrial recruiting efforts to target industries that are adjusting to the new economic realities of flexible manufacturing, niche-market creation, and global competition. This report develops the concept (including the mechanics) of entrepreneurial economic development. The concept is based on growth from within the economic infrastructure. It holds that new business built around the innovative products and services of developing companies has the capacity to grow into regional or national market participation.