Home is where the heart is. If you’re looking for money to fund your startup, start searching in your own backyard first. It’s impossible to ignore the rise in regional entrepreneurial ecosystems.
It’s trending because these relationships are paying off. These communities are working together for the greater good of their region. It allows the investor to feel closer to the businesses they’re lending capital to.
These partnerships also strengthen the community a whole. Regional ecosystems are setting out with the primary object of enhancing their community’s appeal to the public. The more people are interested in a certain region, the greater each business within that ecosystem will reap.
This sets the tone for all businesses involved, whether in active business or still in the curation stage. While regional investments are powerful, don’t put all of your eggs into one basket. CLICK HERE to subscribe and access all of the financial wisdom shared on the Professor Savings YouTube channel.