Business Growth and Attraction Initiatives

  Active:

• Implement region’s technology strategy – NorTech
• Develop targeted industries – NorTech’s Technology Leaders Group
• Support for high potential start-ups – JumpStart
• Accelerate bioscience industry growth – BioEnterprise
• Attract and expand high-growth businesses – TeamNEO
• Improve manufacturing competitiveness – MAGNET

 Planned Initiatives for 2007:

• Attract more growing companies to the region through the Regional Marketing Alliance to be led by the region’s chambers of commerce, convention and visitors bureaus, and economic development organizations
• Increase availability of funding for start-up companies through the Early Stage Capital Initiative to be led by NorTech, BioEnterprise and JumpStart

Potential Initiatives Beyond 2007:

• Develop entrepreneurial support services for small business owners
• Create a Global Attraction Alliance to establish the region as a gateway for international companies