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Attracting "Innovation Companies" Only Part of a Balanced Economic Development Program
Why are ED agencies still so focused on attracting "new economy" companies when their viability has been in question?
Richard A. Bendis, President and CEO, Innovation America
First it is important to define what a “new economy company” is — as I would prefer to call them “innovative companies.” New economy companies in the past generally referred to technology companies that produced a product, but today innovative companies can develop innovative services or processes, or utilize a new technology to enhance their existing products.

Also, as our article addressed, it is important not only to focus on attraction of companies, but also to balance your economic development portfolio of programs around retention, re-invention, startups, and attraction.
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