The keystone of a vibrant community is located at the intersection of local resident and local business. Small business is the economic engine of community life. Local businesses strive to serve their community’s needs by providing goods, services and entertainment. More importantly, they strengthen communities by delivering tax revenues to local governments which enable improved education options, valued community programs and economic stability. These basic ingredients improve the quality of life for many, in turn fostering residential growth: a win-win outcome for all.
This type of outcome must start, however, with a concerted effort on behalf of civic leadership to attract and support the entrepreneur at heart. Individuals with the passion and the dream to enhance the lives of anyone who wish to engage and enjoy the result of their effort. But it seems that, what should be the easy civic option, is often a barrier that keeps smart and confident entrepreneurs from taking the necessary steps to launch their impassioned life journey.
Local governments need to survey and identify what their citizens need, want and desire. Then, with a demand side model in hand, begin to build strategic relationships with entrepreneurs, supported by fast track permitting, small business / civic forums, grant workshops / matching grants program.
Next, we citizens must respond by making a concerted effort to participate in all that the local business community offers. Supporting local business efforts will yield a holistic return that will pay dividends to all.
I imagine that many, like myself, got their first job working for a small to mid-sized local business owner. One that was more than willing to pay it forward to the community that supported them as a starry-eyed novice who needed a significant amount of hands on mentorship to learn how to achieve sustainable independence. Now it’s payback time for us to them!
It is time to focus our collective attention toward working with civic leadership to improve entrepreneurial experiences.
This article was originally published in the September 2016 issue of the Hendricks County Business Leaders publication.