The 3 E's of Economic Health Export Export Export
Theme: Innovation Using Digital Technologies
Idea Status: –1 | Total Votes: 11 | Comments: 4
SME's are smart; if shown they can make more money exporting then they will. The unknown is risky so if the gov can take away some of that risk there may be more adoption. 2 areas come to mind:
- Educate what is possible and what others have achieved. The problem is the SME's will not be looking. They will not search for something they don't know exists. I might see a gov role in reaching out to SME's manufacturers in tax correspondence.
- Take some risk away with non–repayable loans used to develop websites that communicate effectively with the latest technologies. If the gov really believes ICT works, they should be confident in recouping the cost through taxes on increased revenue, and presumably more employees payroll taxes.
Just as tourism is advertized on TV, can the gov advertise "what can be made in an igloo" with a site listing the top notch (export ready) manufactures websites that pass evaluation.
infzy — 2010–06–08 01:38:08 EDT wrote
What is an SME's?
Zoom–Out — 2010–06–10 14:45:18 EDT wrote
I apologize for the acronyms:
SME's = small and medium–sized enterprises
ICT = Information and Communication Technology
ak717 — 2010–07–09 13:25:10 EDT wrote
So you mean that the government should showcase (and maybe fund) innovation for corporate websites?
I'm not sure I could get your point even though I did get the acronyms.
Zoom–Out — 2010–07–09 20:20:49 EDT wrote
Yes ak717, that seems reasonable.
Academic focused funding is good and important. The issue that I have seen is that a lot of the innovation created by public institutions is not being adopted by the For–profit sector.
The for–profit's are essential because they effectively import dollars when they sell their goods abroad. The income is taxed, the new employee's salaries are taxed; therefore it is good to be reminded that the true 'source' of fresh (non re–circulated) government income is the exporting for–profit sector.
Maybe there is some greater role that government can take to help the hand that feeds it.
I imagine the industry with the greatest potential for increased income and increased employment is the small manufacture with fewer than 50 employees (SME's).
So how can we get the SME's jazzed about adopting ICT and making more of those tax dollars which are fed into the system?
One option is the government supporting the marketing efforts of our exporters by funding a portion of effective website content.