Business Retention & Expansion Solutions to Revitalize Your Local Economy
Empower the Businesses in Your Community to Thrive, Create Jobs, and Foster Sustainable Growth
Drive Your Community’s Growth: Join the 100+ Organizations Implementing ResearchFDI’s BR&E Solutions
What are Business Retention & Expansion (BRE) services?
BR&E services are a comprehensive suite of tools and strategies aimed at retaining, expanding, and attracting businesses in your region.
Are you an economic developer looking to improve and strengthen the connection between businesses and the local community while encouraging each business to continue to grow in your community?
Do you want to ensure that businesses stay within your region, creating jobs and contributing to the overall economic prosperity of your community?
If so, our Business Retention & Expansion services are designed specifically for you.
Discover the Benefits BR&E Services
The need for targeted Business Retention & Expansion programs is more critical now than ever before. With increasing competition for resources, talent, and market share, businesses are more likely than ever to consider relocating or expanding elsewhere, leaving the communities they once called home to face the consequences of lost economic opportunities.
By partnering with us, you can unlock the full potential of your community’s economy, creating a thriving environment where businesses want to stay and grow.
By creating a Business Retention & Expansion program, you can benefit from:
- Increased Economic Prosperity: Our solutions help businesses stay within your region, creating jobs and contributing to the overall economic prosperity of your community.
- Enhanced Quality of Life: By keeping businesses within your community, you can help ensure that the local economy remains strong, providing residents with access to quality jobs, goods, and services.
- Long-Term Sustainability: Our BR&E services provide a framework for sustainable economic growth, helping to secure the future of your region for years to come.
How Our BR&E Programs Work
Our comprehensive Business Retention & Expansion services are tailored to help economic developers like you nurture and grow businesses within your community. Our BR&E solutions focus on building strong connections between businesses and the communities they serve, fostering a supportive environment for sustainable growth.
Our BR&E services include:
- Business Engagement: We work closely with you to develop and implement targeted outreach programs, ensuring that businesses are aware of available resources, opportunities for growth, and the benefits of staying within the community.
- Data Collection and Analysis: Our team of experts collects and analyzes essential data to identify trends, opportunities, and challenges within your community. By understanding the unique needs of your local businesses, we can develop targeted BR&E strategies that address their concerns and support their growth.
- Customized Support and Resources: We recognize that every community is different, and our BR&E services are tailored to meet your specific needs. We provide the tools and resources necessary to help your businesses succeed and flourish.
Don’t wait any longer to unlock the full potential of your region. Contact us today to schedule your free consultation and learn how our Business Retention & Expansion services can revolutionize your economic development efforts.
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FAQs
What is Business Retention & Expansion (BRE)?
Business Retention & Expansion (BRE) refers to a set of strategies and programs designed to help existing businesses grow and succeed in their local communities. BRE is a proactive approach to economic development that focuses on retaining and expanding existing businesses, rather than solely attracting new businesses to an area.
How is BRE different from business attraction?
Business attraction is focused on attracting new businesses to an area, often through financial incentives and marketing efforts. BRE, on the other hand, is focused on supporting and retaining existing businesses. While both approaches are important for economic development, BRE is often seen as a more cost-effective and sustainable approach because it focuses on building upon the strengths of a community’s existing businesses.
What are the benefits of BRE programs for businesses?
BRE programs provide a number of benefits for businesses, including access to resources and support to help them grow and succeed. Some specific benefits of BRE programs may include:
- Improved access to capital and financing
- Networking opportunities with other businesses and community resources
- Assistance with workforce development and training
- Help navigating regulatory and permitting processes
- Access to market research and data analysis
How can local governments support BRE efforts?
Local governments can support BRE efforts by providing resources and support to existing businesses. This may include:
- Providing access to capital and financing
- Offering incentives for businesses to expand or relocate within the community
- Streamlining regulatory and permitting processes
- Providing workforce development and training programs
- Offering networking opportunities with other businesses and community resources
What are some best practices for implementing a BRE program?
Some best practices for implementing a BRE program may include:
- Developing a team or committee to oversee BRE efforts and coordinate resources
- Creating a database or directory of local businesses for networking and outreach purposes
- Providing customized support and resources to businesses based on their specific needs and challenges
- Offering training and development programs to help businesses improve their operations and competitiveness.
By implementing these best practices, communities can create a strong and effective BRE program that supports the growth and success of their existing businesses.