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u00a0Should it be a non-profit or something like that? Some of our best successes for instance are in education.u201dn

The situation is especially sad because the public was still enthusiastic about Maker Mediau2019s products u00a0Dougherty said that despite rain, Maker Faireu2019s big Bay Area event last week met its ticket sales target. 1.45 million people attended its events in 2016. MAKE: magazine had 125,000 paid subscribers and the company had racked up over one million YouTube subscribers. But high production costs in expensive cities and a proliferation of free DIY project content online had strained Maker Media.n

u201cIt works for people but it doesnu2019t necessarily work as a business today, at least under my oversightu201d Dougherty concluded. For now the company is stuck in limbo.n

Regardless of the outcome of revival efforts, Maker Media has helped inspire a generation of engineers and artists, brought families together around crafting, and given shape to a culture of tinkerers. The memory of its events and weekends spent building will live on as inspiration for tomorrowu2019s inventors.n”,”protected”:false},”excerpt”:”rendered”:”

Financial troubles have forced Maker Media, the company behind crafting publication MAKE: magazine as well as the science and art festival Maker Faire, to lay off its entire staff of 22 and pause all operations. TechCrunch was tipped off to Maker Media’s unfortunate situation which was then confirmed by the company’s founder and CEO Dale […]n”,”protected”:false,”author”:1603003,”featured_media”:1839146,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:”outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”relegenceEntities”:[],”relegenceSubjects”:[],”jetpack_publicize_message”:”Maker Faire halts operations and lays off all staff https://tcrn.ch/2WkEsiV by @joshconstine”,”categories”:[1342,18056818,576602980,60523764,449557086,35090979,449223024,329026,449162627,449546991,20429,576603290,17396],”tags”:[26402,88426,785128,27554651],”crunchbase_tag”:[],”tc_stories_tax”:[],”tc_event”:[],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2019/06/Maker-Faire-Layoffs.png”,”jetpack_publicize_connections”:[],”shortlink”:”https://tcrn.ch/2WkEsiV”,”rapidData”:”pt”:””,”pct”:””,”featured”:false,”subtitle”:””,”fundingRound”:false,”seoTitle”:””,”seoDescription”:””,”premiumContent”:false,”premiumCutoffPercent”:1,”tc_cb_mapping”:[“slug”:”maker-faire”,”cb_name”:”Maker Faire”,”cb_slug”:”maker-faire-organization”,”cb_link”:”https://crunchbase.com/organization/maker-faire”,”slug”:”maker-media”,”cb_name”:”Maker Media”,”cb_slug”:”maker-media-organization”,”cb_link”:”https://crunchbase.com/organization/maker-media”,”slug”:”make”,”cb_name”:”Make”,”cb_slug”:”make-inc-organization”,”cb_link”:”https://crunchbase.com/organization/make-inc”],”associatedEvent”:null,”event”:null,”authors”:[1603003],”hideFeaturedImage”:false,”relatedArticles”:[],”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts/1839122″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”],”version-history”:[“count”:4,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1839122/revisions”],”predecessor-version”:[“id”:1839322,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1839122/revisions/1839322″],”authors”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/1603003″],”replies”:[“embeddable”:true,”count”:8,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=1839122&order=asc&tc_hierarchical=flat”],”https://techcrunch.com/edit”:[“href”:”https://techcrunch.com/wp-admin/post.php?post=1839122&action=edit”],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/1603003″],”wp:featuredmedia”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/1839146″],”wp:attachment”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=1839122″],”wp:term”:[“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=1839122″,”taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=1839122″,”taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1839122″,”taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1839122″,”taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=1839122″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”_embedded”:{“authors”:[“id”:1603003,”name”:”Josh Constine”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/josh-constine/”,”slug”:”josh-constine”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=96&d=identicon&r=g”,”links”:”homepage”:”http://www.JoshConstine.com”,”facebook”:”http://www.facebook.com/JoshConstine”,”twitter”:”https://twitter.com/joshconstine”,”linkedin”:”https://www.linkedin.com/in/joshconstine/”,”crunchbase”:”https://www.crunchbase.com/person/josh-constine”,”position”:”Editor-At-Large”,”cbDescription”:”

Josh Constine is a technology journalist who specializes in deep analysis of social products. He is currently an Editor-At-Large for TechCrunch and is available for speaking engagements.nn

Previously, Constine was the Lead Writer of Inside Facebook through its acquisition by WebMediaBrands, covering everything about the social network.nn

Constine graduated from Stanford University in 2009 with a Master’s degree in Cybersociology, examining the influence of technology on social interaction. He researched the impact of privacy controls on the socialization of children, meme popularity cycles, and what influences the click through rate of links posted to Twitter.nn

Constine also received a Bachelor of Arts degree with honors from Stanford University in 2007, with a concentration in Social Psychology & Interpersonal Processes.nn

Josh Constine is an experienced public speaker, and has moderated over 120 on-stage interviews in 15 countries with leaders including Facebook CEO Mark Zuckerberg, whistleblower Edward Snowden (via on-stage video conference), and U.S. Senator Cory Booker. He is available to moderate panels and fireside chats, deliver keynotes, and judge hackathon and pitch competitions.nn

Constine has been quoted by The Wall Street Journal, CNN Money, The Atlantic, BBC World Magazine, Slate, and more, plus has been featured on television on Good Morning, America, The Today Show, China Central Television, and Fox News. Constine is ranked as the #1 most cited tech journalist on prestigious news aggregator Techmeme.nn

I was working as a development producer at a Bay Area production company a few years ago and contacted them about developing a show with us — I got back one of the rudest, least professional, most arrogant-sounding “we’re not interested” emails I’ve ever received while working in the entertainment industry. Not saying I’m glad that they went out of business, but perhaps their Silicon Valley-inspired “too cool for school” attitude had something to do with their downfall?n”,”link”:”https://techcrunch.com/2019/06/07/make-magazine-maker-media-layoffs/#comment-665420″,”type”:”comment”,”author_avatar_urls”:”24″:”https://secure.gravatar.com/avatar/214b1b6eb31bc41dd71fb6ede33e1ec7?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/214b1b6eb31bc41dd71fb6ede33e1ec7?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/214b1b6eb31bc41dd71fb6ede33e1ec7?s=96&d=identicon&r=g”,”techcrunch”:”avatar”:”https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg”,”company”:”(no company found)”,”title”:”(no title found)”,”user”:”GOKMFPFOOYMJVMUYJTSHUKBO2Q”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments/665420″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments”],”up”:[“embeddable”:true,”post_type”:”post”,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1839122″],”children”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments?parent=665420″],”id”:665422,”parent”:0,”author”:0,”author_name”:”Chad Elish”,”author_url”:””,”date”:”2019-06-07T22:23:05″,”content”:”rendered”:”

I’m sorry you had that experience. I’ve produced, have been on the production crews, and have volunteered at Maker Faires all around the US. I have had nothing but great interactions with Make: and their crews.n”,”link”:”https://techcrunch.com/2019/06/07/make-magazine-maker-media-layoffs/#comment-665422″,”type”:”comment”,”author_avatar_urls”:”24″:”https://secure.gravatar.com/avatar/7921a4035ac5cad7a763efdc0ed7d965?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/7921a4035ac5cad7a763efdc0ed7d965?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/7921a4035ac5cad7a763efdc0ed7d965?s=96&d=identicon&r=g”,”techcrunch”:”avatar”:”https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg”,”company”:”(no company found)”,”title”:”(no title found)”,”user”:”DXCZ3FL5LBJ6S46PD5T7CQUTHE”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments/665422″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments”],”up”:[“embeddable”:true,”post_type”:”post”,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1839122″],”id”:665425,”parent”:0,”author”:0,”author_name”:”Jeff Haas”,”author_url”:””,”date”:”2019-06-07T23:51:59″,”content”:”rendered”:”

I’m also sorry you had that experience. I’ve been part of a large exhibit at the Bay Area Maker Faire for several years. Our experiences with the Make: staff have always been great. They have gone out of their way to make sure our oversized booth had what it needed to run right. Dale has dropped by and said hi and thanks several times.n”,”link”:”https://techcrunch.com/2019/06/07/make-magazine-maker-media-layoffs/#comment-665425″,”type”:”comment”,”author_avatar_urls”:”24″:”https://secure.gravatar.com/avatar/ff850726901d3e29372364b5568f37da?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/ff850726901d3e29372364b5568f37da?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/ff850726901d3e29372364b5568f37da?s=96&d=identicon&r=g”,”techcrunch”:”avatar”:”https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg”,”company”:”(no company found)”,”title”:”(no title found)”,”user”:”3V7SSALC3ESBF4TVOBAO4K3GAQ”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments/665425″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments”],”up”:[“embeddable”:true,”post_type”:”post”,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1839122″],”id”:665431,”parent”:0,”author”:0,”author_name”:”Dean Segovis”,”author_url”:””,”date”:”2019-06-08T05:10:40″,”content”:”rendered”:”

It was destine to fail as a business. Once you empower enough people to make things, they start sharing their content for free. At a certain point the consumer goes for the free content and leaves your’s behind.
nThe Maker movement will continue… fueled by Makersn”,”link”:”https://techcrunch.com/2019/06/07/make-magazine-maker-media-layoffs/#comment-665431″,”type”:”comment”,”author_avatar_urls”:”24″:”https://secure.gravatar.com/avatar/c26b4f848090cb1f7c5509817f6ed6e4?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/c26b4f848090cb1f7c5509817f6ed6e4?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/c26b4f848090cb1f7c5509817f6ed6e4?s=96&d=identicon&r=g”,”techcrunch”:”avatar”:”https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg”,”company”:”(no company found)”,”title”:”(no title found)”,”user”:”B3KQZ6Z6BT67IJL63WJ32TMPAU”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments/665431″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments”],”up”:[“embeddable”:true,”post_type”:”post”,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1839122″],”id”:665438,”parent”:0,”author”:0,”author_name”:”Gorky Sobhan”,”author_url”:””,”date”:”2019-06-08T11:18:12″,”content”:”rendered”:”

This still can survive as a social business. They should apply at the Yunus Center or the Grameenphone Foundation. They can replicate at a much larger and impactful size than what it is now.n”,”link”:”https://techcrunch.com/2019/06/07/make-magazine-maker-media-layoffs/#comment-665438″,”type”:”comment”,”author_avatar_urls”:”24″:”https://secure.gravatar.com/avatar/0b7a1eb24d83a716ee07e61a42ad9690?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/0b7a1eb24d83a716ee07e61a42ad9690?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/0b7a1eb24d83a716ee07e61a42ad9690?s=96&d=identicon&r=g”,”techcrunch”:”avatar”:”https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg”,”company”:”(no company found)”,”title”:”(no title found)”,”user”:”LYPVY3DPKPOYH6QR6CRY2FSNUE”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments/665438″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments”],”up”:[“embeddable”:true,”post_type”:”post”,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1839122″],”id”:665443,”parent”:0,”author”:0,”author_name”:”George Campbell”,”author_url”:””,”date”:”2019-06-08T13:08:47″,”content”:”rendered”:”

The paradox is that the same technology that empowers individuals to manufacture complex items also lowers the cost on those items such that they can never be sold for profit.n”,”link”:”https://techcrunch.com/2019/06/07/make-magazine-maker-media-layoffs/#comment-665443″,”type”:”comment”,”author_avatar_urls”:”24″:”https://secure.gravatar.com/avatar/cef0effb4ac45aaf98bff2bc2a005fb6?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/cef0effb4ac45aaf98bff2bc2a005fb6?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/cef0effb4ac45aaf98bff2bc2a005fb6?s=96&d=identicon&r=g”,”techcrunch”:”avatar”:”https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg”,”company”:”(no company found)”,”title”:”(no title found)”,”user”:”ZZCMSDUAGQ3A55M4ZTOHF2KO64″,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments/665443″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments”],”up”:[“embeddable”:true,”post_type”:”post”,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1839122″],”id”:665456,”parent”:0,”author”:0,”author_name”:”Sam Hand”,”author_url”:””,”date”:”2019-06-08T19:09:17″,”content”:”rendered”:”

I think they may have a really good idea to try and turn the concept into an educational non-prof. Parenting and sponsorships would take on a different relationship then.
nAbsolutely loved the mini-maker fair in Tulsa. n”,”link”:”https://techcrunch.com/2019/06/07/make-magazine-maker-media-layoffs/#comment-665456″,”type”:”comment”,”author_avatar_urls”:”24″:”https://secure.gravatar.com/avatar/a5c85aa911ede4b28ed6368de67f6b79?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/a5c85aa911ede4b28ed6368de67f6b79?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/a5c85aa911ede4b28ed6368de67f6b79?s=96&d=identicon&r=g”,”techcrunch”:”avatar”:”https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg”,”company”:”(no company found)”,”title”:”(no title found)”,”user”:”UOJQP7UEOTOZWYC6JUUWFRKLVY”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments/665456″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments”],”up”:[“embeddable”:true,”post_type”:”post”,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1839122″],”id”:665461,”parent”:0,”author”:0,”author_name”:”Kevin Sexton”,”author_url”:””,”date”:”2019-06-08T21:46:54″,”content”:”rendered”:”

If the loss of sponsors that made the events in expensive cities possible was part of the problem, the big events should probably have been moved out of those most expensive cities. New York and San Francisco have to rank in the top priced cities to put on a big event like that in. There are plenty of other locations where rent would have been cheaper, there are local sponsor possibilities, and that are within an hour’s travel of major population, where a slightly smaller event could have been a big hit.n”,”link”:”https://techcrunch.com/2019/06/07/make-magazine-maker-media-layoffs/#comment-665461″,”type”:”comment”,”author_avatar_urls”:”24″:”https://secure.gravatar.com/avatar/b44fbecd6ac3a38c745a1f39706a2ca5?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/b44fbecd6ac3a38c745a1f39706a2ca5?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/b44fbecd6ac3a38c745a1f39706a2ca5?s=96&d=identicon&r=g”,”techcrunch”:”avatar”:”https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg”,”company”:”(no company found)”,”title”:”(no title found)”,”user”:”UIQO4DVRNBE422MD3J7FZNFBPE”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments/665461″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/comments”],”up”:[“embeddable”:true,”post_type”:”post”,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1839122″]]],”author”:[“id”:1603003,”name”:”Josh Constine”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/josh-constine/”,”slug”:”josh-constine”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=96&d=identicon&r=g”,”links”:”homepage”:”http://www.JoshConstine.com”,”facebook”:”http://www.facebook.com/JoshConstine”,”twitter”:”https://twitter.com/joshconstine”,”linkedin”:”https://www.linkedin.com/in/joshconstine/”,”crunchbase”:”https://www.crunchbase.com/person/josh-constine”,”position”:”Editor-At-Large”,”cbDescription”:”

Josh Constine is a technology journalist who specializes in deep analysis of social products. He is currently an Editor-At-Large for TechCrunch and is available for speaking engagements.nn

Previously, Constine was the Lead Writer of Inside Facebook through its acquisition by WebMediaBrands, covering everything about the social network.nn

Constine also received a Bachelor of Arts degree with honors from Stanford University in 2007, with a concentration in Social Psychology & Interpersonal Processes.nn

[Disclosures: Josh Constine temporarily advised a college friend’s social location-sharing startup codenamed ‘Signal’ that was based in San Francisco before dissolving in 2015. This advising role was cleared with AOL and TechCrunch’s editors and has concluded. Constine’s fiancu00e9e Andee Gardiner co-founded startup accelerator Founders Embassy. Constine’s cousin Darren Lachtman is the founder of influencer advertising startup Niche that was acquired by Twitter, and he’s since left and founded teen content studio Brat. Constine does not write about Founders Embassy or Brat. Constine has personal acquaintances stemming from college housing circa 2007 with founders at Skybox Imaging (now Terra Bella), Hustle, Snapchat, and Robinhood, but does not maintain close social ties with them nor does that influence his writing. Constine occasionally does paid speaking engagements at conferences, but only those funded by companies he does not cover. Constine owns a small position in Ethereum and Bitcoin cryptocurrencies, does not day-trade, and discloses his positions directly in articles where appropriate. Constine does not do consulting, angel investing, or public stock trading beyond public stock invesments by his parents’ estate that he has no role in managing or advising.]”,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/v1415412437/xje35licfau9iewxnf44.png”,”twitter”:”joshconstine”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/1603003″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”wp:featuredmedia”:[“id”:1839146,”date”:”2019-06-07T16:24:17″,”slug”:”maker-faire-layoffs”,”type”:”attachment”,”link”:”https://techcrunch.com/2019/06/07/make-magazine-maker-media-layoffs/maker-faire-layoffs/”,”title”:”rendered”:”Maker Faire 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development organizations: good or bad for entrepreneurial activity?”,”content”:{“rendered”:”n

ntt

ntttttttBill BaumelnttttttContributornttnntttnntt

nttBill Baumel is Managing Director at the Ohio Innovation Fund. After twenty years in Silicon Valley – 4 public companies and 10 major acquisitions – Bill came home to the Midwest creating OIF, whose 14 companies have attracted partners such as Microsoft, Facebook, SAP, and Sanofi, providing SaaS, cyber, AI/ML and med tech solutions to a majority of the Fortune 500.tntntn

In developing VC markets such as the Midwest, some may think that funding from the government or economic development organizations are a godsend for local entrepreneurs. Startups are often looking for all the help they can get, and a boost in funds or an attractive set of economic incentives can be perceived as the fuel they need to take the next step in their growth journey.n

While this type of funding can be helpful, a startup should ensure that funding from these sources is not a double-edged sword. The biggest positive, of course, is the money, which can help startups with product development, hiring, marketing, sales and more. But there can also be certain restrictions or limitations that are not fully understood initiallyu2014these restrictions could hinder growth at an inopportune time later on.n

The inevitable question, then, is should startups consider partnering with the government or various economic development groups as they look to get off the ground? Letu2019s take a closer look.n

What Local Economic Development Organizations Have to Offern

Today, particularly in the Midwest, it’s common for state and local governments to offer startups incentives such as tax exemptions or grants in an effort to keep local businesses around and also attract companies from other regions.n

So how do these incentives work? When it comes to tax credits or exemptions, local governments are sometimes willing to provide these incentives if a startup can demonstrate how paying lower taxes will benefit the wider community.n

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What Local Economic Development Organizations Have to Offern

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