David Calone favors 'gardening' approach to LI economy
Photo credit: Heather Walsh | David L. Calone, president and CEO of Jove Equity Partners, poses in fronts of a whiteboard with his drawing of how to create a start up business. (Jan. 31, 2013)
Setauket venture capitalist David Calone invests in high-tech companies, but has a low-tech explanation of what the Long Island economy needs.
"In economic development theory . . . you either are attracting people to come to your place, which is sort of economic hunting and gathering," he said, "or there's economic gardening, which involves using the assets you have already and growing those."
The...
