Comment 70634

By ScreamingViking (registered) | Posted October 17, 2011 at 23:11:24 in reply to Comment 70614

I think it's fair to say that new small businesses, often "advanced" or filling specialized niche markets, will not be able to offer jobs to many of the economically disadvantaged. However, as those businesses grow in number and size, the network of supporting businesses they require will also grow, many in service industries that may be more of an option for some Hamilton residents. If nothing else, the rebalancing of the tax base back toward a larger commercial/industrial share may help the city institute more of the types of programs that can help address social service needs, or at least let the local government turn more of its attention to those issues.

While it will take time to develop - perhaps a long time - a local economy comprised of many SMEs to balance a smaller set of large employers will ultimately be more stable, and benefit everyone, including those who need help the most.

Comment edited by ScreamingViking on 2011-10-17 23:17:43

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