Home > Business Innovation Programme > Would 'Economic Gardening' Help Ireland?

Would 'Economic Gardening' Help Ireland?

Economic gardening is an entrepreneurial approach to economic development that seeks to grow the local economy from within. Its premise is that local entrepreneurs create the companies that bring new wealth and economic growth to a region in the form of jobs, increased revenues, and a vibrant local business sector. Economic gardening seeks to focus on growing and nurturing local businesses rather than hunting for “big game” outside the area.

More details on this way of thinking can be found on the ICMA site here.

The seven steps are as follows:

1.       Gain the support of local officials and other stakeholders

2.       Identify your community’s assets

3.       Develop a collaborative effort among resource partners

4.       Create a system-wide operating agreement

5.       Determine the target audience for services

6.       Develop a delivery system to provide services to the target audience

7. Develop a communication system to gain community support and buy-in

In some ways the Creative Dublin Alliance is doing just that, with a strong lead by the Dublin Region councils, but looking at the Innovation Taskforce Report (as commented at the Long Debate recently) it seems to be policy at government level to target the corporate sector more than the home-grown. Old habits die hard.

There is no doubt that concentrating on the development of both new startups and the continued development of home grown business (see the announcement by GreenCore in the last 24 hours) is going to be key to getting out of the current economic difficulties in particular as regards employment.

That is one of the reasons why we set-up the Business Innovation Programme, to start nurturing the very people that can help organisations in Ireland in terms of new product development and innovation.

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