Successes and Difficulties of Small Innovative Firms in Russian Nuclear Cities Proceedings of a Russian-American Workshop (2002) / Chapter Skim
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State's Efforts in Small Business Development: Two Models
State's Efforts in Small Business Development: Two Models
Pages 48-56
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From page 48... ...
Two models are presented herein one from Nevada, which tends to emphasize the importation of businesses from areas outside the state, and the other from North Carolina, which emphasizes the seeding and nurturing of new high-tech businesses from within the state. Historically, the various economic development authorities in the State of Nevada have had only minimal success in promoting the immigration of advanced technology companies or the growth of existing or new advanced technology companies from within the state.
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From page 49... ...
In 1983 the North Carolina State Legislature established the Technology Development Authority (NCTDA) (www.nctda.com)
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From page 50... ...
What is indicated here is that this highly proactive mode of encouraging and assisting entrepreneurs and small enterprises in North Carolina (and elsewhere in the United States) is a relatively recent activity.
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From page 51... ...
According to one such example from the Entrepreneurial Development Center of North Carolina State University (NCSU) , the data indicate that during the 100year period from 1898-1998, five new enterprises were formed around NCSU technologies.
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From page 52... ...
. The SBTDC, organized as an interinstitutional counseling and technical assistance program of the University of North Carolina, has as its mission supporting the growth and development of the state's economy by encouraging entrepreneurship, assisting in the creation and expansion of small businesses, and facilitating technology development and transfer (www.sbtdc.org)
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From page 53... ...
The preferred size of the investments, however, was between $100,000 and $1 million. Some of the more common barriers to new business enterprises, regardless of where they start up in the United States, include the following: · economies of scale deter entry by either forcing a major entry and thereby causing the new business to risk a strong reaction from the existing enterprises or forcing a smaller entry and thereby causing a cost disadvantage Other 13% Consumer 1 1 % Retail 7% Computer Hardware 4% Communications 17% Health Care 12% Industrial 9% Software 19% FIGURE 2 North Carolina venture capital investments by industry.
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From page 54... ...
The Small Business Survival Index (SBSI) , according to its author, SBSC chief economist Raymond J Keating, "offers a gauge by which to measure and compare how government in the states treat small businesses and entrepreneurships." It manages to capture much of the governmental burdens impacting critical economic decisions.
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From page 55... ...
North Carolina was number 35 (score of 49.590) and the District of Columbia was number 51 (score 65.335~.
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From page 56... ...
Research Triangle Park, N.C.
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