Cool towns focus on job growth through home-grown companies. Thankfully, that’s become a nationwide business trend called economic gardening. However, how does one implement economic gardening?
Look no further than professional baseball. Major league baseball develops the talent in its players through a farm system with four skills levels. Players with the most undeveloped skills begin in the “Rookie” league, gradually advancing from A, to AA, to AAA before ultimately reaching the majors.
Gregg Lichtenstein of Collaborative Strategies and Thomas Lyons of the University of Louisville have coined the term entrepreurial development system to describe the concept of developing entrepreneurial talent in cities. Click here to read more about it. The next entry describes their own branded systematic approach.