(Photo via amazon.com)

"The Local Economy Solution" by Michael Shuman.

People who work in economic development will talk about improving business climate, which includes giving more support to locally owned companies, whatever their size.

But there’s a lot of effort — and often money — put into attracting out-of-state businesses.

We spoke with Michael Shuman, author of "The Local Economy Solution," who argues the better choice is to spend that energy on what’s already in the community.