Friday, August 28, 2009

Eleven Myths of Economic Development

Taimerica Management Company provides innovative answers to the location questions of states,communities and businesses worldwide.

During the course of their work they have uncovered information that sheds new light on some commonly held economic development beliefs.

Taimerica claims that our understanding of the factors that drive long term economic growth at the regional level is changing rapidly as newer data becomes available. Some of the assumptions that have governed economic development strategy over the last 30 years such as the dominant role of small business in employment growth, have been shown to be inaccurate.

Taimerica's recent article entitled "Eleven Myths of Economic Development" explores these misconceptions and provides a baseline of factual data that is critical to understanding their current reality in economic development.

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