In The 'Hood
The world's growing at Internet speed, but your local economic development agency's still watching out for you.
Just about every metropolitan area in the country has an economic development organization that's probably best known for attracting new business and industry. Ever thought about what these agencies can do for existing businesses? The answer, in many cases, is plenty.
Though the specifics vary by organization, many economic development agencies offer services geared toward expansion and retention, as well as recruitment. The Economic Development Corporation of Utah (EDCU) is a good example. "Any of the economic data or tools we have that are used by corporate site selectors can also be used by existing businesses," says Chris Roybal, vice president of EDCU in Salt Lake City. Such information might include data on the labor market, utilities, taxes, financial resources, various incentives and more.
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