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Consequently, metros like Nashville, Indianapolis, Salt Lake City, and Phoenix have attracted more transplants from coastal hubs — a shift that helps spur economicdevelopment but also puts pressure on housing costs and public services. What separates entrepreneurialecosystem potential from realized success is often risk tolerance.
And yet, our economic policies espoused by governments and traditional economicdevelopment approaches continue to focus on attracting big businesses. It’s time for a radical rethink in how we do economicdevelopment. Ecosystems need to intentionally build and nurture a startup community.
Igniting StartupEcosystems. What ignites a startupecosystem? Thriving startupecosystems are good for the economy, good for society, and good for pretty much everyone. Some experts think “If we can just assemble the components correctly, we’ll have a well oiled economic machine.”
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