In today’s global economy, it is becoming increasingly difficult for communities to compete with multinational corporations and economic sectors that maintain international networks and deep pockets. For that reason, communities must seek new strategies to enable local entrepreneurs to compete.
Competitive strategies reduce the cost per unit of goods and services through better efficiency and better quality. Communities can become more competitive by sharing resources, information, and human capital at the multi-community and/or regional level. By sharing resources, communities, as well as individual entrepreneurs, can greatly reduce costs, expand the pool of human capital that can be leveraged, and provide enhanced opportunities to build off each others’ products and services.
Working together, communities can engage a broader public that is vested in entrepreneurship. These communities become more "entrepreneurial" and are more likely and more capable of leveraging local and regional assets.
