Low unemployment and a tight labor market for skilled workers has diminished the value of the economic development strategy of business attraction. What works now is 1. Recruit quality labor, 2. Focus on entrepreneurs and small business, 3. Retain local businesses, 4. Workforce development, and 5. Improve quality of place. A discussion of the value of SizeUp LBI for local communities is included in the article. Read the whole article “Business Attraction Used to Be Great for Economic Development. Now It’s Not. Here’s What You Can Do.”
