Friday, January 17, 2014

Another Reason Greensboro Needs To Look Small

In my earlier post, Whale Hunting In Greensboro, I pointed to the idea put forth by David Hoggard of investing in:

"Pods of small niche market companies who are inter-related. A labor force that creates value with their hands."

Today it's being reported that the Obama Administration along with Republican Senators Richard Burr (North Carolina) Dan Coats (Indiana) and James Inhofe (Oklahoma) are setting the stage for cutbacks in the SBA (Small Business Administration) that the National Federation of Independent Business believes will be detrimental to small business nationwide:

"Some see the bill as the death knell for SBA. The National Federation of Independent Business reported on its website this week that “some elements of the small-business community reacted very negatively to the proposal,” seeing it as a move that would force small business interests to take a back seat to those of large companies served by the same department."

As I've written in the past, Greensboro can no longer look to the Federal Government to support small business. It's time Greensboro put some of that hidden $272 Million Dollars to work helping Greensboro's small businesses with pod programs instead of using it to pay off the bad debts of former mayors and other developers who are unable to manage their own businesses. $272 Million Dollars could save this city!

Any other ideas as to where $1 Million Dollars went missing during the same year that a mayor who testified in his child support and alimony hearings that he was broke also managed to pay off hundreds of thousands of dollars of IRS leans and personal debt? I mean seriously folks, even if the $Million Dollar loss is due to a bad turn in the markets would we not have been better off to have invested that same Million in say 10 local businesses where odds are at least 1 of them would have successfully paid back the loans with interest? Think about it: When you're investing in the stock markets you're taking much needed capital out of Greensboro and putting the profits into the pockets of far away corporations. This is not how a city invests in its own local economy and not how government lights the way.

You leave a pile of gold sitting around long enough and eventually pirates find their way to it. Every time.

Real leadership would do these things. Does Greensboro have real leadership?