NGage Promotes the Creation of Homegrown Businesses
Friday, July 20, 2018
Business recruitment is a common, traditional approach used to spur economic growth in Gage County and throughout the country. Local governments will even offer companies tax breaks and other generous financial incentives to attract them to an area.
While it’s true that the right company can bring in hundreds of jobs and have a dramatic impact on a region, in our global economy this process of courting companies has become more competitive than ever. We believe that Gage County is competitive but that it would be unwise to focus on external business recruitment alone.
Business recruitment is still an objective. But it’s not the only one.
Local, small businesses make a major impact on our local economy
Did you know that two out of three new private-sector jobs in the United States since the Great Recession were created by small businesses? Small businesses can have a big impact.
Instead of always looking outward for growth opportunities, the idea is to look inward. There is powerful business potential located within our community. It’s just a matter of taking the right steps to empower entrepreneurs.
NGage is using a more comprehensive approach to facilitate economic development. Because new and existing businesses can thrive if given the right tools and resources, we consult with area businesses and have programs to assist with aspects such as business planning, workforce development, finding the right financing, etc.
Local entrepreneurs often give back to the community
While traditional measures of economic development such as dollar amount invested and total jobs created are still relevant, some long term measures of building a community from the ground level are more qualitative than quantitative in nature.
Encouraging entrepreneurs at the local level can have ripple effects not just on the economy but on the community as a whole. Studies have shown that independently owned, local businesses return more money to the communities in which they operate.
In addition, entrepreneurs that choose to live in a community are a wonderful resource. They can be called upon for leadership and mentoring. Since they’re connected with the community, they’re likely to support it in other ways, such as through volunteerism and philanthropic gestures.
Homegrown entrepreneurs are also a great source of community pride. Seeing one person’s success as a business owner can help inspire others and spark innovation. This is why we often profile local success stories. We are proud of what is happening in Gage County and want to share the success of local entrepreneurs, young professionals, and business owners with the region and the country.
We can help your business to get off the ground
If you are interested in starting a business in Gage County, or growing one here, we want to help. Contact us to learn more about the resources we provide and how we can be off assistance.