Abstract

http://ssrn.com/abstract=1092493
 
 

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Entrepreneurship and Urban Success: Toward a Policy Consensus


Zoltan J. Acs


George Mason University - School of Public Policy

Edward L. Glaeser


Harvard University - John F. Kennedy School of Government, Department of Economics; Brookings Institution; National Bureau of Economic Research (NBER)

Robert E. Litan


Ewing Marion Kauffman Foundation; AEI-Brookings Joint Center for Regulatory Studies

Lee Fleming


Harvard University - Technology & Operations Management Unit

Stephan J. Goetz


Pennsylvania State University - The Northeastern Regional Center for Rural Development

William R. Kerr


Harvard University - Entrepreneurial Management Unit

Steven Klepper


Carnegie Mellon University - David A. Tepper School of Business

Stuart S. Rosenthal


Syracuse University - Department of Economics

Olav Sorenson


Yale School of Management

William C. Strange


University of Toronto - Rotman School of Management

January 2008


Abstract:     
Like all politics, all entrepreneurship is local. Individuals launch firms and, if successful, expand their enterprises to other locations. But new firms must start somewhere, even if their businesses are conducted largely or exclusively on the Internet. Likewise, policymakers at local and state levels increasingly recognize that entrepreneurship is the key to building and sustaining their economies' growth. Although this is a seemingly obvious proposition, it represents something of a departure from past thinking about how local, state, or regional economies grow. Historically, state and local policymakers have put their energies into trying to attract existing firms from somewhere else, either to relocate to a particular area or to build new facilities there. Such smokestack chasing - or, in this cleaner era, simply firm chasing - often has degenerated into what is essentially a zero-sum game for the national economy. When one city or state offers tax breaks or other financial inducements to encourage firms to locate new plants or headquarters, and succeeds, some other city or state loses out in the process. Local, state, and regional economic development centered on entrepreneurship, however, is a fundamentally different phenomenon. The formation and growth of new firms, especially those built around new products or ways of doing things, wherever this occurs, is clearly a positive sum game, not just for the locality, but for the nation as a whole. This essay provides a guide to policymakers and citizens to what is known about the effects of various local and state policies aimed at fostering entrepreneurially driven growth. There is also much we do not know; thus, the essay identifies subjects that require further research.

Number of Pages in PDF File: 27

Keywords: entrepreneurship, policy, urban, city, local, state, regional, roadmap, economy

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Date posted: February 28, 2008 ; Last revised: September 28, 2014

Suggested Citation

Acs, Zoltan J. and Glaeser, Edward L. and Litan, Robert E. and Fleming, Lee and Goetz, Stephan J. and Kerr, William R. and Klepper, Steven and Rosenthal, Stuart S. and Sorenson, Olav and Strange, William C., Entrepreneurship and Urban Success: Toward a Policy Consensus (January 2008). Available at SSRN: http://ssrn.com/abstract=1092493 or http://dx.doi.org/10.2139/ssrn.1092493

Contact Information

Zoltan J. Acs
George Mason University - School of Public Policy ( email )
3351 Fairfax Dr
Arlington, VA 22201
United States
703-993-1780 (Phone)
HOME PAGE: http://home.ubalt.edu/zacs

Edward L. Glaeser
Harvard University - John F. Kennedy School of Government, Department of Economics ( email )
Littauer Center
Room 315A
Cambridge, MA 02138
United States
617-496-2150 (Phone)
617-496-1722 (Fax)
Brookings Institution
1775 Massachusetts Ave. NW
Washington, DC 20036-2188
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Robert E. Litan (Contact Author)
Ewing Marion Kauffman Foundation ( email )
4801 Rockhill Road
Kansas City, MO 64110
United States
AEI-Brookings Joint Center for Regulatory Studies
1150 17th Street, N.W.
Washington, DC 20036
United States
Lee Fleming
Harvard University - Technology & Operations Management Unit ( email )
Boston, MA 02163
United States
617 495 6613 (Phone)
617 496 5265 (Fax)
Stephan J. Goetz
Pennsylvania State University - The Northeastern Regional Center for Rural Development ( email )
7E Armsby Building
University Park, PA 16802
United States
814-863-4656 (Phone)
814-863-0586 (Fax)
HOME PAGE: http://www.cas.nercrd.psu.edu
William R. Kerr
Harvard University - Entrepreneurial Management Unit ( email )
Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States
Steven Klepper
Carnegie Mellon University - David A. Tepper School of Business ( email )
5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States
412-268-3235 (Phone)
412-268-6938 (Fax)
Stuart S. Rosenthal
Syracuse University - Department of Economics ( email )
426 Eggers Hall
Syracuse, NY 13244-1020
United States
315-443-3809 (Phone)
Olav Sorenson
Yale School of Management ( email )
135 Prospect Street
P.O. Box 208200
New Haven, CT 06520-8200
United States

William C. Strange
University of Toronto - Rotman School of Management ( email )
105 St. George Street
Toronto, Ontario M5S 3E6
Canada
HOME PAGE: http://www.rotman.utoronto.ca/%7Ewstrange/
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