Full access to Entrepreneur for $5
Subscribe

In The 'Hood

The world's growing at Internet speed, but your local economic development agency's still watching out for you.

By
This story appears in the August 2000 issue of Entrepreneur. Subscribe »

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.

Continue reading this article -- and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!