Libraries as start-up incubators. | LinkedIn


Why Libraries Should Be the Next Great Start-Up Incubators

Why Libraries Should Be the Next Great Start-Up Incubators

Co-working spaces are often treated today as a novelty, as a thoroughly modern solution to the changing needs of a workforce now more loyal to their laptops than any long-term employers. But the idea is actually as old as the public library.

One of the world’s first and most famous libraries, in Alexandria, Egypt, was frequently home some 2,000 years ago to the self-starters and self-employed of that era. “When you look back in history, they had philosophers and mathematicians and all sorts of folks who would get together and solve the problems of their time,” says Tracy Lea, the venture manager with Arizona State University’s economic development and community engagement arm. “We kind of look at it as the first template for the university. They had lecture halls, gathering spaces. They had co-working spaces.”

This old idea of the public library as co-working space now offers a modern answer – oneamong many – for how these aging institutions could become more relevant two millennia after the original Alexandria library burned to the ground. Would-be entrepreneurs everywhere are looking for business know-how and physical space to incubate their start-ups. Libraries meanwhile may be associated today with an outmoded product in paper books. But they also happen to have just about everything a 21st century innovator could need: Internet access, work space, reference materials, professional guidance.

Why not, Lea suggests, put these two ideas together? Arizona State is planning in the next few months to roll out a network of co-working business incubators inside public libraries, starting with a pilot in the downtown Civic Center Library in Scottsdale. The university is calling the plan, ambitiously, the Alexandria Network.

Libraries as start-up incubators. | LinkedIn.


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Alberta’s latest innovation: tax-free dividends – The Globe and Mail


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Dividends are good. Not paying taxes on them is better. Getting them outside an RRSP and still not paying any taxes on them? Best.

You might have thought that impossible. But a growing batch of Alberta energy companies think they’ve found a way to perform this feat for their shareholders. Over the past couple of years, they’ve replaced their traditional dividend-reinvestment plans, or DRIPs, with what they call stock dividend programs. With these SDPs, the companies say, dividends received in the form of shares don’t count as income under Canada’s Tax Act.

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Alberta’s latest innovation: tax-free dividends – The Globe and Mail.

Support Your Local Business – Invest in It


You  shop locally, you buy locally, so why don’t you invest locally?

Why not invest your assets in your favorite small business just  down the street from where you live? Truth is, it’s not as easy as it should be, says Amy Cortese, a veteran business journalist and author of the new book Locavesting,  which takes a look at the local-investing movement and how individual investors can participate.

MintLife Blog | Personal Finance News & Advice | Support Your Local Business – Invest in It.