What is Economic Gardening?

Many of use have done some gardening at home. I built a couple of raised beds in the back yards a few years. Before they were built and especially after my wife and kids have been growing a number of items. It is important to know that the amount of vegetables that we get depend on the conditions in which the seeds and small plants are put into. The soil conditions need to be correct and filled with nutrients. This takes preparation such as fertilizing and turning over the soil. We compost and this is an excellent source of nutrients for the soil which then gets taken up by the plants, which we feed upon.

The same goes for business growth, stick a five star restaurant in a ghetto neighborhood and it will not be a thriving business. Just as an individual plant receives nutrients only from the soil that is around its roots so does a business grow based upon the immediate environment.

According to the U.S. Small Business Administration small businesses have created sixty to eighty percent of net new jobs annually over the last decade. With that being the case then we should focus creating conditions that help small businesses become reality and help enable them to hire more employees. This will lower the unemployment rate.

The use of bailouts to “create or save” jobs is the wrong thing to do. Spending billions of dollars on projects that result in only temporary employment is not creating a permanent solution. These bailouts and extension of jobless benefits has increased the debt and has weakened the United States. Small business pays nearly 45 percent of the total U.S. private payroll and eemploys about half of all private sector jobs. Small business is the way to go. Time to create conditions that help. Money and efforts would be better spent helping small business owners hire a few employees for real and permanent positions not creating dependency and huge debt.

Small companies are also better able to adapt to changes. Trying to convince a large company to come to your state so as to create jobs would be difficult. The time it would take through, decision making, construction, training and start up could be years. A small business can be done in a much faster pace. When solutions are needed now it makes no sense to hope and wait for things to change. You need action and the best action is to create conditions for small business development and growth.

Economic gardening is the creation of conditions that allow small businesses to develop and grow. It is also the best way to go to solve economic issues.

Richard Pfeifer

Author: Richard Pfeifer

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