Talent, trained workforce, critical mass, lifestyle and not tax incentives are the keys to recruiting entrepreneurs!

Smart Investments = life time of returns

Smart Investments = life time of returns

The long-term survival of cities is in recruiting a new generation to take up residence, build businesses and employ more locals. Once their roots are established, we can expect that they will pay taxes on homes, businesses and purchases, have families and begin to support schools and a positive cycle begins anew. That is the cycle that must be renewal or a city begins to decline and will have long tireless discussions on unfunded programs, mounting debt and maybe having to shrink the city [READ: Detroit, Cleveland and New Orleans].

The critical part is whether or not our civic, political and business leadership will understand and quirky pivot from tax incentives to investments in needed infrastructure to insure the city meets the needs for young, very mobile professionals.

Cities like Boston, New York, Denver, St. Louis, Pittsburgh, Atlanta, Amsterdam, London, Berlin, Ontario are moving quickly to meet that challenge.

Related Article: What Cities Really Need to Attract Entrepreneurs, According to Entrepreneurs.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: