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Archaelogical Business Models to Grow Economic Development

According to Miliken Institute Report, Israel needs to explore archaeological business models to increase its economic development. On Feb. 2, 2011, the economic think tank issued its recommendation with the following preamble: "Two-thirds of Israel's 64 developed archaeological sites are operating in the red, creating an unsustainable future for the country's incredibly rich and potentially economically rewarding cultural heritage reserves."

Miliken Institute is a 501 (c)(3) independent think tan that aims to  promote and "create a more democratic and efficient global economy."

The report suggests that applying business start-up financing models, such as the community microfinance, venture capital or development bonds, could help preserve and protect the Israel's thousands of archaeological sites and provide local and national economic growth.

It proposed a number of financial solutions, including:

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Disclaimer: This article is for educational purposes only and is not meant to provide legal advice. Readers should not construe or rely on any comment or statement in this article as legal advice. For legal advice, readers should seek a consultation with an attorney.