City of Greater Sudbury hosts Economic Gardening Symposium
Released Friday, Feb 26, 2010
The Greater Sudbury Development Corporation's Community Adjustment Committee (CAC) hosted the first Economic Gardening Symposium today at Bryston's on the Park. Over 50 business and community leaders attended the morning keynote address by strategy co-founder Chris Gibbons, which was followed by an open discussion and afternoon workshop.
Economic Gardening is grounded in the belief that many communities do better growing their own jobs through entrepreneurial activity instead of recruiting them. It is a strategy for economic development that involves planting seeds for economic growth by helping entrepreneurs. The idea was based on research by David Birch at MIT, which indicated the great majority of all new jobs in any local economy were produced by the small, local businesses of the community.
'Economic Gardening is based on the principle that you can help local business grow, prosper and create employment by providing them with additional tools and support,” said Gisèle Chrétien, Chair of the Community Adjustment Committee. 'We believe this strategy can work in Greater Sudbury, but to ensure its success, we must agree to undertake and promote building the capabilities and competitiveness of our local business owners, and to work towards allocating economic development budgets to ensure local business owners can readily access important strategic information, people and opportunities.”
'If the economic downturn of the past 18 months has taught us anything, it is that we can no longer rely on traditional thinking during these tough economic times,” said Mayor John Rodriguez. 'We need to think outside the box and identify creative strategies in order to move forward and grow. The ideas presented by Chris Gibbons this morning led to some excellent discussions about the role of small business and budding entrepreneurs in our local economy."
The Community Adjustment Committee was formed in 2009 to identify actions to be taken to help mitigate the economic impacts of the current slump in the economy and the corresponding job losses experienced within the community. The Economic Gardening Symposium is the first of a four-part speaker series planned by the CAC focusing on economic development strategies and job creation.
Chris Gibbons is the Director of Business/Industry Affairs in Littleton, Colorado is co-inventor of 'Economic Gardening”. This was Mr. Gibbons' first address to a Canadian municipality.
Kate Furlotte, Corporate Communications
City of Greater Sudbury, 674-4455 ext. 2513