Tag Archives: Government Spending

Watch Governments Hatch More Incubators

Among the brutal but unspoken truths learned since the collapse of 2008 are these: First, economic development is no longer a secondary function of government, suitable for rewarding faithful constituencies and burnishing political legacies. Second, economic development is becoming synonymous with business development. Set aside your political prejudices for a moment and consider what this…
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Why Government Can Initiate but Must Not Lead

Having gone on and on about the effectiveness of incubators as an economic development tool, some people might think I’m advocating that governments create and run more incubators. A perky little blog may not be the place to try and tighten the focus on an issue like this, but let me try: at the municipal level…
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Why Incubators are in the Future for Municipal Economic Development

Of all the ways that municipal governments try to stimulate economic growth, business incubators are going to become increasingly important. Every economic review by every level of government highlights a set of challenges that business incubators can address. Innovation, competitiveness, management skills, and access to capital are all central to the incubation experience. Jobs, GDP, and tax revenue…
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3-Ps

After three years of effort and investment by Centennial College, its bid to redevelop the former Guild Inn in Scarborough is likely at an end. In a meeting at City Hall, the Government Management Committee will probably recommend that the City pursue a diminished different development concept with a new set of proponents. Sadly, this…
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