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MyEntrepreneurSpace?

"What they have is a better entrepreneurial culture." That's how Richard E. Caruso, chairman of Integra LifeSciences Corp. (Nasdaq: IART), of Plainsboro, N.J., describes the Boston and Stanford regions compared to Philadelphia's region in their ability to translate federal biomedical research funding into actual businesses. And doing his part to change it, Caruso told the Greater Philadelphia Chamber of Commerce's "State of the Region" conference in Drexel Hill that he is launching what might be a MySpace for the entrepreneurial set. It's supposed to go live in about a week, and it's not just about starting a business. "The whole idea is enable each individual to become the entrepreneur of their own life. You have to have an entrepreneurial spirit." The beta site is at www.uif.org, Caruso's Uncommon Individual Foundation. The conference was held to release the third annual Regional Report (register to download) of the Select Greater Philadelphia Foundation. -- Harold Brubaker

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Comments (4)

Sara:

While I can understand debating the attritubes of conducting business in the Greater Philadelphia Region as compared to Boston. Perhaps this may be missing the most salient point of Mr. Brubaker's blurb. If Caruso's Uncommon Individual Foundation can do what he is proposing, that is a MyEntrepreneur Space web based infrastructure to promote individual entrepreneurship worldwide, then the arguments regarding physical location and/or local business climate melt away. What if every individual became somehow "uncommon" by advancing the entrepreneur spirit within to achieve all kinds of real world life goals? This sounds wonderfully ambitious and incredibly exciting!

Jack:

Having lived and worked in Boston as well, I believe that the entrepreneurial spirit of Philadelphia is as deep and developed as it is in Boston. I loved living there and still have many friends there. However, my family and I moved back because this is our home - where we have our roots. This is where I have learned the most and am continuing to grow. Life is all about learning and sharing what you learn with others. This region is full of people who share what they learned with others. We need to support entrpreneurs to keep the region alive and growing. They'll build the businesses, create the jobs and spread the wealth inspite of any obstacle, especially taxes.

Richard:

Creating an Entrepreneurial Culture!

I think Michael is correct. Taxes are an important consideration in where you initiate entrepreneurial ventures. Part of creating an entrepreneurial enviornment requires working on everything that makes it attractive for this enviornment to exist. Once we encourage individuals to built their entrepreneurial spirit, we then are building a team effort to create an attractive venture enviornment, including initiating the appropriate tax incentives.

Michael, Esq.:

Myspace? Nice. Flashy, but not compelling.

Having lived and worked in Boston, I can tell you that the primary difference between Boston and Philadelphia (besides the entreprenuerial spirit, which explains why Bostonians aren't waiting around in bars for the shipbuilding, warehouse, and line assembly jobs to come back), is the tax structure. Phila. penalizes people and businesses for working there; Boston doesn't. Union power comes in second, but taxes drive everyone away, especially the professional (some would say Yuppy) core that contributes the most through spending and tax revenues.

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This page contains a single entry from the blog posted on May 22, 2007 2:50 PM.

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