Greener Grass at Home: Strategies for Economic Gardening
July 1, 2024
What is Economic Gardening?
Economic Gardening is a unique entrepreneurial approach to economic development that focuses on nurturing and supporting second-stage companies and local businesses within a community rather than attracting new business from outside. The approach seeks to provide support for existing enterprises within a region to facilitate a sort of “trickle outward” effect, bolstering the rest of the community through job creation and added wealth. This innovative strategy has gained traction in recent years as an alternative to traditional economic development practices, which often focus on attracting new businesses to an area. Below, let’s delve into economic gardening, its origins, usage, and the tools and techniques for effective application.