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The head of Wisconsin's Technology Council offers some useful insights into how rural areas can shift their economic development strategies. Among his suggestions:
- Promote farmshoring (a concept developed by Virginia Tech. There's more background here, here and here);
- Encourage more collaboration among educational institutions on workforce development (always a good idea); and
- Improve broadband (another common sense strategy).
Missing from the list: Building stronger, networks to support entrepreneurs and fast growth "stage 2" companies...And stronger emphasis on education innovations in STEM education and project-based learning.(As we head into chronic skill shortages, companies will be looking for communities that innovate in education.)
I'd bag the tax incentives. They do not work all that well in most cases, and tax expenditures are extremely hard to measure for effectiveness.
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