subject: Government Business Development Programs [print this page] It is only fair and accurate to say that government business development programs have played a large role in much of the economic development throughout the nations history, especially in the last 100 years or so. Today there are many companies that began as dreams that are now some of our largest and most influential corporations. It has always been the American dream to make a better life for our families, and in times of trouble and in good times as well, the programs have been in place to boost many peoples dreams as well as those of communities, towns and cities from one coast to another.
With time, many companies have helped strengthen and expand our economy from the ground up, and these businesses on the whole continue to grow and generate employment, making a significant impact on the economy because of their private ownership, changing environments, adaptability and forging ahead with an entrepreneurial spirit.
All kinds of businesses of all sizes participate in government business development programs for many different reasons. Supporting these companies is something that the government continues to be interested in because they create new jobs, they increase the Gross Domestic Product (GDP), and this all means that the standard of living for surrounding populations increases too. Encouraging people to start their own businesses and supporting entrepreneurship is the backbone of economic growth in this country and all countries.
For residents of communities as well as government bodies, business development is always a priority, not just when the economy slumps. Designing these programs as a consistent approach to entrepreneurship and small and medium companies with government backing and support is the key. The programs and this support provides coordination between the activities of many different institutions and industries, such as employment bureaus and chambers of commerce, further tightening the fibers of community economics. Not only that, but these types of programs and incentives give rise to the development of even more national supporting institutions and networks, which is one of the critical conditions for success.
These supporting institutions provide information to others on regulations, marketing issues, duties and standards to be upheld. Not only do they do this, but they also advise on quality control and assurance issues, business planning ideas and strategies, and even accounting. These supporting institutions of government business development programs also create incubator units that provide the infrastructure for many other beginning companies to be able to succeed, thrive and grow.
by: Phoenix Delray
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