Can Cities Be a One-Stop Shop for Entrepreneurs?
One of Mayor Nancy McFarlane's goals is to transform Raleigh, N.C. into one of the top five hubs for entrepreneurship in the coming years.
She says it's the role of the local government to proactively connect entrepreneurs with resources like networking, peer learning and mentorships -- as well as guidance on business plans, funding and permits.
Because different business owners require different resources, research from the Kauffman Foundation has found that "policymakers should consider gaps in the local ecosystem and ways in which different programs can be connected to each other." In this Google Hangout, Mayor McFarlane discusses how she's trying to monitor and track the specific needs of her entrepreneurial citizens, while recalling the obstacles she faced as a former business owner.