Entrepreneurial Renewal in the Industrial City

Robert E. Friedman

The ANNALS of the American Academy of Political and Social Science, 1986, vol. 488, issue 1, 35-46

Abstract: No business and no single industrial structure survive forever, but industrial cities need not decline with the industries on which they were built as long as new ventures emerge to take their place. Indeed, one can find examples of entrepreneurial renewal within large, mature firms, in the wake of plant closings, in poor communities bypassed by industrial development, and in government and the nonprofit sector. To appreciate the role entrepreneurial renewal might play in revitalization, it is important to understand that the entrepreneurial process is a long-term, human-centered practice of innovation that transcends industrial, sectoral, race, sex, and class lines. While any population group has its share of potential entrepreneurs, the extent to which they will emerge depends upon the availability of environmental support—cultural, financial, educational. With these supports the already significant impacts of entrepreneurial renewal can be increased.

Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:sae:anname:v:488:y:1986:i:1:p:35-46

DOI: 10.1177/0002716286488001003

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