No one will deny that the American and global economies have been in an extended slump. The question is what will lead us out of the doldrums? Right now the big argument seems to be between advocates of clean energy …
Tag Archives: Entrepreneur
Facebook has moved forward with an IPO that could be among the largest in the U.S. and at the least will dwarf Google’s 2004 IPO. Facebook was launched only six months before Google’s August 2004 IPO. The pessimistic outlook suggests …
In an period where we seem to have forgotten how we all got here, Dayton has decided to swim against the stream of anti-immigrant fervor. Tough new laws in Alabama and Georgia are proving effective in driving away undocumented immigrants …
In the economic development system, agencies live and die by economic impact and it is about to get a lot tougher to measure this impact. We were talking with a young entreprenuer recently (let’s call her Katie) living and working outside …
Rob May recently moved his startup, Backupify, to Boston. We’ve heard this story in Pittsburgh before, only this time the startup left Louisville, not Pittsburgh. We often get caught up in the “one that got away” — the idea of big city investors poaching our startups because they don’t like to travel, or small town entrepreneurs lured to the bright lights of big city opportunity.
This is not just another story of the small town losing a hard-earned startup to the big City. Actually, that is the story, but the lesson of Backupify and the insights from May are more important for the future of entrepreneurship in so-called second- and third- tier cities.
As we struggle with the lingering effects of the recession, it’s hard to see the silver lining in our economic forecast. Despite the statistical end to the recession, many economists don’t believe that we will recover to 2007 employment levels for another two to three years. The big question is: where will this growth come from?
The short answer? Entrepreneurs.









