Joel Kotkin in Inc Magazine on Growth in the Heartland
The Bernard L. Schwartz Fellows Program, Wireless Future Program
Thanks to a booming organic market and increased communication technology, there is good reason to think the American Heartland will be the next entrepreneurial frontier, according to a new report.
The report by the New America Foundation, Rebuilding America's Productive Economy: A Heartland Development Strategy, found that increasing demand for organic alternative biofuels is creating business opportunities in the Plains states, while technology advancements and lower costs of living are driving a population shift to support these Heartland businesses.
"In contrast to the picture of emptying towns and embattled farmers so often portrayed by the media, we see the Heartland as a potential hotbed of capitalist creation and innovation," wrote co-author Joel Kotkin, who is also an Inc. contributing editor.
Kotkin and co-author Delore Zimmerman point out two booming industries that are especially dependent on the Middle America's ample acreage -- organic agriculture and biofuel...
"A collaborative effort between the region's land grant colleges and industry seeking innovative solutions to the energy crunch could lead to unprecedented economic growth," Kotkin wrote.
Not only do such entrepreneurial opportunities exist, but thanks to telecommunications and lower costs of living, a population shift is taking place that will supply start-ups with a skilled workforce.
Between 2000 and 2005, more than 2.7 million people moved out of the nation's largest cities and more than a third of them moved to what the Office of Budget and Management calls "micropolitan" areas (cities with 10,000 to 50,000 people)...
For the complete article, please visit the Inc Magazine website.
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