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News Index
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State Wants to Drive Business Connections (Metrowest Daily News)
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By Andrew J. Manuse/ Daily News Staff
State officials will drive business executives around Massachusetts to meet the players behind the innovation economy as part of a new plan to create partnerships and jobs.
Following Procter & Gamble Co.’s acquisition of Boston-based Gillette Co., Ranch Kimball, the state’s secretary of economic development, introduced executives from the Cincinnati consumer-products company to 110 people at 50 Massachusetts organizations in two days. As a result, Procter & Gamble is working on at least 10 deals with Massachusetts firms, according to state officials.
The experience sparked the idea for Massachusetts Business Connect, a program that Kimball and Gov. Mitt Romney will unveil in a press conference on Tuesday.
"We want to stop playing defense, which is focusing only on potential job loss, (and) start playing offense," Kimball said in an interview Friday with the Daily News. "This program is the best way to drive true economic development. It makes the state more transparent."
Business Connect, managed by the state Office of Economic Development, has a four-part process:
By Andrew J. Manuse/ Daily News Staff State officials will drive business executives around Massachusetts to meet the players behind the innovation economy as part of a new plan to create partnerships and jobs. Following Procter & Gamble Co.’s acquisition of Boston-based Gillette Co., Ranch Kimball, the state’s secretary of economic development, introduced executives from the Cincinnati consumer-products company to 110 people at 50 Massachusetts organizations in two days. As a result, Procter & Gamble is working on at least 10 deals with Massachusetts firms, according to state officials. The experience sparked the idea for Massachusetts Business Connect, a program that Kimball and Gov. Mitt Romney will unveil in a press conference on Tuesday. "We want to stop playing defense, which is focusing only on potential job loss, (and) start playing offense," Kimball said in an interview Friday with the Daily News. "This program is the best way to drive true economic development. It makes the state more transparent." Business Connect, managed by the state Office of Economic Development, has a four-part process:
- Identify an industry leading company or group of companies that have a need for growth.
- Work with each company to come up with a detailed list of growth needs.
- Identify in-state resources that meet the company’s growth needs, such as university labs, work-force training providers, venture capitalists or small companies.
Drive the company’s executives around the state "from lab to lab, company to company" in a van, for a "customized, intense set of meetings, typically concentrated over a one- or two-day period."
Kimball said the program will help put the research and development going on in this state directly in front of industry leaders for potential commercialization, bring academic research into business circles and connect companies that are not familiar with one another.
"We’re not picking winners, we’re not picking losers," Kimball said. "We’re trying to make a connection between people who have needs and people who have answers."
Patrick Larkin, director of the Massachusetts Technology Collaborative’s John Adams Innovation Institute, said his Westborough-based organization has been helping Kimball’s office identify firms both inside and outside Massachusetts that have critical research needs.
"(Business Connect) represents a very comprehensive and strategic approach to economic development," Larkin said. "It&rs
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