Embracing Entrepreneurship to Revive Cleveland

Bringing economic vitality back to Cleveland requires a broad embrace of policies that encourage entrepreneurship, according to Reason's Sam Staley.

"[R]evitalizing Cleveland will require a multi-faceted approach that attempts to harness the creative and entrepreneurial talent of the broadest base possible. This involves nurturing the entrepreneurial talent of existing residents and businesses as well as creating a general business climate capable of attracting and sustaining new businesses and residents. In many cases, the reforms are simply a matter of getting out of the way. The city, for example, limits entrepreneurship in the taxi business by requiring cabs participate in an 'association' of at least 25 cabs, or create a company with a fleet of at least 25 cabs. These rules make it practically impossible for someone to start up a small cab company and build equity in a small business. As a result, entry into the Cleveland cab market has been severely limited for decades."

Staley suggests emulating the transformation of Hong Kong, which has one of the world's most entrepreneur-friendly set of economic policies.

Full Story: How to Create Real Urban Redevelopment

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from five cities with red or blue trim.
$55.00
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!