What a great idea..... Erie starting up new businesses and reinventing itself ! Why hasn't that been thought of before ?!"The answer is that very few businesses view this region as worthwhile to set up operations."
Forget about what other businesses in other regions have to say about Erie.
In my opinion, Erie needs to be starting-up new business all the time. It needs to constantly be reinventing itself.
It can be done. All you need is some motivated doers not talkers and procastinators.
Unfortunately those folks with the resources and capital to do that don't want to. At least not many or nearly enough of them.
There's a reason for that. These prospective business men and women don't want to take such a risk with a likely losing proposition.
All start ups assume a fair amount of risk to begin with but that percentage goes through the roof in a town like this.
Business people need a certain level of confidence with their commitment and it's understandable why very few are willing to take those chances here.
Successful business people didn't get that way by losing. I know, I know many multi- millionaires failed before striking it big. But I'll bet none of them, even when they failed thought they would. I'll bet they always started out believing they would succeed even when they did not.
That's the huge difference when trying to compare Erie with more promising areas around the country. Business people are familiar with Erie's track record and have a greater aversion to risk their investments here. Especially those from Erie who know better than everyone else.
You can be sure that in 5 years, 15 years, and beyond this topic will still be bantered about with no workable solutions in sight. The masses will always accept the downward trend and potential businesses will opt for better venues where they'll bank on finding greater opportunity for success.