The key to business growth in communities is to energize entrepreneurs who are working from their home, basement, garage with their ideas. The first step on the road to an entrepreneurship development strategy is to convince yourself and your constituents that investing in NEW choices will bring about desired results. There is a substantial research that can be used to support such an argument. Consider this:
- 55% of job creation comes from existing businesses growing
- 45% from new business startups and that only 1% of job creation comes from business relocation!
There are four factors central to America's economic future:
Economic development is a choice; it is willed from within an economy. Economic development occurs when local leaders choose to identify, invest in, and develop their own set of comparative advantages to enable workers, firms, farms, and industries to better compete in regional, national, and international markets.
The RADC works closely with CORE (Center for Regional Entrepreneurship) which focuses primarily on the development of entrepreneurs in our communities.