Orazem: Ames is hot-bed for new business

Peter Orazem, university professor, was interviewed for a Jan. 30th Ames Tribune story "City of Ames $143M investment in expansion - a sign of changing times."

“There was a general sense that you would have to meet a strong regulatory burden if you wanted to open a business, which restricted investment in those areas,” Orazem said.

At the time, 45 percent of U.S. gross domestic product was driven by the small business sector.

“If you wanted open a business in Ames back then, there was a strong regulatory burden so that tended to restrict investment,” said Orazem.