Buffalo Entices Start-Ups to Relocate With $5 Million Contest

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 3 Management: Empowering People to Achieve Business Objectives, Part 6 Managing Financial Resources.

Description: BUFFALO — Until two weeks ago, Ace Callwood had never set foot in this chilly, postindustrial city, but he committed, sight unseen, to move his fledgling technology business and its four employees here. The lure that drew him was cash: a guaranteed investment of at least $250,000 and a shot at as much as $1 million.

Source: NYTimes.com

Date: Nov 4, 2015

Link: http://www.nytimes.com/2015/11/05/business/smallbusiness/buffalo-entices-start-ups-to-relocate-with-5-million-contest.html?ref=smallbusiness&_r=0

Questions for discussion:

  • Which kind of business and business leader does this sort of incentive attract?
  • Do you believe these incentives are good for all parties?

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