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Aging businesses hang on in one small cluster

Aging businesses hang on in one small cluster

What do we know about small businesses? We know that they generate jobs, foster innovation and strengthen communities. We know that strength begets strength: A thriving small business community grows organically, encouraging new entrants and disseminating the nuts-and-bolts knowledge that drives success. Yet small businesses are vulnerable. Shifting markets, local economic downturns, higher interest rates,… Continue Reading Aging businesses hang on in one small cluster

Downtown attracts young pros, entrepreneurs

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Downtown attracts young pros, entrepreneurs

Why are urban areas so enticing to start-ups, young professionals, and entrepreneurs? Entrepreneurship needs a hub, a place with close proximity to clients, competitors, and a density of people and resources. Downtowns across the country naturally become this center of activity because their traditional structure was built to foster business relationships and constant interaction, and… Continue Reading Downtown attracts young pros, entrepreneurs

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