A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Developing a Twenty-First Century Technology-Based Economy
There are several lessons that have been learned in the business attraction and retention experience of Fairfax County. Some of these are transferable to other communities seeking to follow a similar path. 1) Seek to attract the types of businesses for which the assets of the community provide the best match with the requirements of the industry being sought. 2) If the assets required by the industry desired do not exist in the community, outline a plan to obtain those assets. 3) If the community cannot obtain the missing components of an attraction program for the types of industries desired, redirect efforts to attract the types of industry for which the relevant assets do exist. 4) If the pursuit of technology companies is part of the community's plan, ensure that the labor force and capital requirements are not only sufficient to support business attraction, but also the subsequent growth and expansion of the employment base. 5) Recognize that the market place for technology companies is the entire world. The need to invite businesses from other countries into one's community is vital in the new economy. It creates jobs, generates local tax revenues, enhances wealth, and promotes foreign trade. But, it is important to do more than simply invite them into business organizations. These companies should be included in deal-making and partnership. Their employees should be invited into the residential communities and social circles. The community should help make them comfortable by supporting the growth of churches, schools, grocery stores, and other amenities that are relevant to their cultures and special needs. 6) Finally, as a culture, become willing to support those who have failed yet have the drive to try again. These are the true entrepreneurs, and they are at the heart of the technology businesses of tomorrow.
Developing a Twenty-First Century Technology-Based Economy
There are several lessons that have been learned in the business attraction and retention experience of Fairfax County. Some of these are transferable to other communities seeking to follow a similar path. 1) Seek to attract the types of businesses for which the assets of the community provide the best match with the requirements of the industry being sought. 2) If the assets required by the industry desired do not exist in the community, outline a plan to obtain those assets. 3) If the community cannot obtain the missing components of an attraction program for the types of industries desired, redirect efforts to attract the types of industry for which the relevant assets do exist. 4) If the pursuit of technology companies is part of the community's plan, ensure that the labor force and capital requirements are not only sufficient to support business attraction, but also the subsequent growth and expansion of the employment base. 5) Recognize that the market place for technology companies is the entire world. The need to invite businesses from other countries into one's community is vital in the new economy. It creates jobs, generates local tax revenues, enhances wealth, and promotes foreign trade. But, it is important to do more than simply invite them into business organizations. These companies should be included in deal-making and partnership. Their employees should be invited into the residential communities and social circles. The community should help make them comfortable by supporting the growth of churches, schools, grocery stores, and other amenities that are relevant to their cultures and special needs. 6) Finally, as a culture, become willing to support those who have failed yet have the drive to try again. These are the true entrepreneurs, and they are at the heart of the technology businesses of tomorrow.
Developing a Twenty-First Century Technology-Based Economy
Gordon, Gerald L. (author)
International Journal of Urban Sciences ; 4 ; 152-159
2000-10-01
8 pages
Article (Journal)
Electronic Resource
Unknown
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