Why are there so many economic development organizations still not in touch with their local business communities? No matter what the economic climate is, a well developed Business Retention and Expansion (BRE) program is a must for all economic development organizations. This isn’t rocket science. The program doesn’t need to be complex and costly. In fact, there are many tools on the internet that can help. Here are just a few:
Ministry of Ontario – provides full BRE resources including a video, survey broken out into specific industry questions, web-based applications and funding information.
University of Minnesota – provides a Business Retention & Expansion Strategies program. They offer workshops and design a full program for a community. They provide much of their information on the internet for download at no cost including a BRE Handbook and survey template.
Ohio BR&E Initiative – here you can get audio podcast and transcript of why your community needs a BRE program plus supporting information including a handbook, sample survey and success stories.
Just these three websites alone will provide you with more than sufficient information to start a BRE program. There are no excuses. In a depressed economy, your local businesses are vital, in a vibrant economy, your local businesses are vital.
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