Five companies have signed onto a pilot program sponsored by the Hampton Roads Partnership known as economic gardening.
This is an economic development term used to describe how localities and regions are promoting high-growth local companies. Traditional economic development, by contrast, is known as economic hunting and includes recruiting outside companies and investment.
The five companies are based in Hampton, Poquoson and Virginia Beach.
The National Center for Economic Gardening at the Edward Lowe Foundation based in Cassopolis, Mich., will provide technical assistance, such as research and marketing for each one of the companies.
Companies considered for economic gardening must have 10 to 99 employees and $1 million to $50 million in revenues.
To read the full, original article click on this link: Companies picked for economic gardening program | Inside Business
