Implementation:
Entrepreneurial Stewardship
Providing an environment that is supportive of entrepreneurs and small businesses is critical to promoting economic mobility for residents, neighborhood revitalization, and the overall economic success of the City. This key initiative focuses on removing barriers to small businesses and encouraging creative work opportunities that build on Springfield’s existing assets, industries, and context. This includes live-work districts, maker space, co-working spaces, and innovation districts that support arts-oriented, collaborative, and/or self-starter business opportunities. Expanding access to capital and City programs will also be key in helping businesses of all backgrounds get a more equitable chance at success in the community.
Summary of Recommendations
Chapter 8 – Economic Development
- Goal 4. Support Business Growth and Reinvestment in Neighborhood Commercial Hubs and Downtown
- (4.1) Support Local Commercial Hubs
- (4.2) Implement the Downtown
- (4.3) Promote Entrepreneurial Stewardship
- Goal 5. Support Innovation, entrepreneurship, and Workforce Development
- (5.1) Neighborhoods as Economic Engines
- (5.2) Engage Diverse Professionals and Entrepreneurs
- (5.4) Leverage Nearby Universities and Colleges