entreprenuerial policies
Four attributes of policies: they target entrepreneurs, they target high-growth business sectors, they facilitate firms’ adaptation to new production processes, and they include public–private partnerships. A program that targets entrepreneurs gives incentives
and benefits only to “high-technology and small business or to firms at high risk (start-up, new product, technology transfer, and basic research) stages of development” (Saiz, 2001, p. 48). High-growth business sectors are defined as “banking, education, and communications” (Saiz, 2001, p. 48). Measures to facilitate firms’ adaptation to new production processes include business incubation, targeted infrastructure improvement, job training for new technology, and technical support for businesses as they attempt to modernize. Public–private partnerships include state credit corporations, which often leverage “private capital with public dollars, thereby increasing the pool of local investment funds” while avoiding the bureaucratic difficulties of full government agencies (Saiz, 2001, p. 48 in Hanley, 2014).