With state budgets being cut, former SBA chief Karen Mills discusses how local economic growth does not necessarily need radical innovation to prosper. Rather governors can harness resources of existing institutions and people to attract capital and create jobs.
The Republican challenger delivered an important message for economic development at the Clinton Global Initiative. U.S. foreign aid, he said, should be linked to efforts to promote free enterprise in the developing world.
To foster entrepreneurship among minorities and in urban centers, a concentration of wealthy investors and academic, government and business institutions first needs to come together. A recent panel at Rutgers University put a spotlight on the issues.