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Economic Development Initiatives Support Small Businesses, Reward Innovation

Release Date: 2019-03-11

By Pierce Nahigyan

For the entrepreneur looking to grow his or her business in the City of Long Beach, there are several assistance programs of which to take advantage. Seyed Jalali, economic development officer for the city’s economic development department, told the Business Journal that Long Beach actively engages with its business community. This engagement covers a variety of methods, from helping entrepreneurs access capital to creating opportunities to enlist new businesses in civic projects.

Startup in Residence (STiR) is one such opportunity. Created by San Francisco nonprofit City Innovate, the STiR program connects technology start-ups with governments throughout the United States to solve municipal challenges. “They [City Innovate] work with a government to develop a challenge statement, then they upload this challenge to their online platform and invite start-ups from across the world to submit solutions to the challenge,” Eric Romero, project manager for the economic development department, explained.

Read more on the Long Beach Business Journal