Now before I go on allow me to remind you that Greensboro's leaders are not limited to the elected puppets they place in office. Oh no, there's an entire class of people in Greensboro who pull the strings with their money and what you are about to read will explain to you exactly why Greensboro cannot succeed economically.
From the 2006 Greensboro Partnership STRATEGIC PLAN FOR A BETTER ECONOMY AND VIBRANT COMMUNITY: Raising The Bar
"Availability of capital is the single most important factor in stimulating entrepreneurship, and Greensboro needs to make more available.
Greensboro is believed to be a net “exporter” of venture capital and currently can claim only four main resident sources for early stage companies: 1) the Chamber’s Venture Capital Fund, a high risk loan pool funded by area banks; 2) the City of Greensboro’s Targeted Loan Program focused on small loans to businesses locating or expanding in to designated economic development zones; 3) the Piedmont Angel Network (PAN), a $4.5 M equity fund that willinvest up to $500,000 in early-stage companies within a three-hour drive of the Triad; and, 4) the Inception Micro Angel Fund (IMAF), a $600,000 equity fund that will invest $25,000–100,000 in seed-stage companies in the Triad. Relatively small investments by Greensboro organizations and business leaders in these and other seed-stage capital funds can have significant impacts on assisting the development of small, high growth enterprises and attracting entrepreneurs to our community."
A net exporter of capital... You know what that signifies? That indicates to Greensboro's working class, Greensboro's business class, Greensboro's creative class, Greensboro's entrepreneurs and those looking at coming to Greensboro to become any of the a fore mentioned that Greensboro's leaders care more about their own fat asses than they do the economic development of Greensboro.
Like I've said too many times, if Greensboro's leaders really cared... Well, they'd raise the bar.
