East Meets West
By Jeff Hill
Spring is in the air and people are thinking about gardening. But have you ever heard of "economic gardening?" The term was coined by Chris Gibbons, director of business affairs for the City of Littleton, CO back in 1989. The theory is based on an MIT study at the time that showed that the great majority of job growth in the U.S. occurs through expansion of existing small businesses, not through "robbing" employers from other cities and states (or "economic hunting").