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Carol Coletta is the President of CEOs for Cities.  I had the opportunity to hear her speak on August 8th at the TECNA (Technology Councils of North America) conference.  She reinforced some of the things that I, and others, have been thinking about.  Carol stated “Most job growth comes from home grown businesses”.  I assume that we, as Georgians, know this intuitively, so why does our state (and others states for that matter), chambers, and other private and public institutions go for “the big game hunt”.  By that I mean the chase for the small and big companies in China, India, and other parts of the world, and in other parts in the USA?  I am not a proponent of turning our collective Georgia backs on recruitment of companies to settle in GA, but I do think there is a disproportionate amount of time, and energy on recruitment as opposed to “economic gardening” (organic growth).  Consider the cost of human and financial capital to recruit one company to GA.  Now; what if we took 80% of those resources and applied them to a totally focus to on helping young GA companies?  What do they need – talent; relief from any policy encumbrances that inhibit growth; and an infrastructure that provides a systematic approach to mentor and fund our entrepreneurs.  I think it comes back to the need to have a comprehensive plan for growth versus a catch-as-catch -can.  What do you think?

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