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How Business Drives Prosperity

By Becky McCray

My mission for Small Biz Survival is to help rural entrepreneurs prosper, so they can help their communities prosper. The best solutions come from within, so if I can help entrepreneurs prosper, they are in the best position to know and address the problems in their communities.

That’s why I attended the Business Alliance for Local Living Economies Conference. The idea of businesses working together to build a strong local economy appeals to me.

Past
This was certainly true in the past. Amy Kedron of Buffalo, New York, told of the historic buildings funded by early philanthropic business owners in the late 1800s and early 1900s. For example, Kleinhans Music Hall was built by donation of the owner of a mens’ clothing store.

“I made my money in Buffalo. I want to leave it to Buffalo,” Kedron quoted Edward Kleinhans as saying.

Present 
“One of the best things you can do to drive societal change is start a successful business,” Fred Keller said.

Keller is the founder, CEO, president and chairman of Cascade Engineering in Grand Rapids, Michigan. He believes a company can make a difference in the community in addition to making a profit. Businesses can contribute more to the economy than just jobs.

At Cascade Engineering, they manufacture plastics, which is not usually thought of in terms of being a sustainable business. But at Cascade, they report on a triple bottom line: profit, people and the environment. They’ve gone from spending over $300,000 per year on trash disposal, to spending zero. They presume there is no trash; every item has some potential as a resource.

“All businesses need resources,” Keller said. “Protecting and conserving resources is now good business.”

Keller teaches a university course on sustainability as a driver of innovation.

Future
“The emerging sustainable economy is full of opportunities,” Keller said. “It is real. It will develop, perform and grow.”

“Many smart people go into nonprofit or government to effect change in society,” Keller said. “It might surprise you to learn that one of the best things you can do to drive societal change is start a successful business.”

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About Becky McCray

Becky started Small Biz Survival in 2006 to share rural business and community building stories and ideas with other small town business people. She and her husband have a small cattle ranch and are lifelong entrepreneurs. Becky is an international speaker on small business and rural topics.
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  • In an economic crisis, spend your brainpower before your dollars - November 25, 2020
  • Video: How to fill empty car dealership buildings for the holidays - November 6, 2020
  • How has 2020 changed the challenges rural small towns face? Tell us here - October 20, 2020
  • The Idea Friendly Method to surviving a business crisis - October 6, 2020
  • Join me for the Rural Renewal Symposium online Oct 13 - September 26, 2020
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  • Refilling the rural business pipeline - July 7, 2020
  • Huge vacant buildings: grants to renovate? - June 9, 2020

May 21, 2012 Filed Under: Best of, entrepreneurship, POV Tagged With: Support, video

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Comments

  1. The TAN 3n1 Project says

    May 22, 2012 at 1:09 am

    Hi folks! I just found your blog. Looks like a good one. I’m looking forward to reading several recent posts. I am from a “small town” (compared to large cities anyway), I worked in agriculture all my life and I traveled to small towns all over the United States plus a few in other countries. My last job was agricultural business management consultant. Bye for now. Ray Stanford, Jr.

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