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kentucky entrepreneurship

August 26, 2008

As an advocate for building a strong entrepreneurial ecosystem in Kentucky, The following report issued by the Mountain Associaition for Community Economic Developmentis no surprise to me. Kentucky’s economic development efforts at the state level are stuck in the past. One of the things that the MACED report does not address is whether government intervention is the best way to stimulate entrepreneurial development. The state has many initiatives that have had only a modicum of success. I have focused on working with those to create grass roots efforts, start-up weekends, entrepreneurial coaching etc. I do think the state should spend more of it’s resources on stimulating entrepreneurial growth and less on trying to attract large manufacturers with large tax breaks. In the end these types of policies have only lead to states under cutting one another to the point where as soon as the required time is spent the company picks up and moves to another state for their next round of incentives.
I don’t agree with everything that MACED advocates but I do think they are right to shine a light on the problem and hopefully this can lead to engagement and further conversation.

Written by Richard Stump · Filed Under Blog, Politics 

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