Businesses in all sectors will be impacted by COVID-19 in some manner. In order to support them effectively, economic developers will need to do some outreach and consultation to assess these impacts and determine the needs of the businesses in their communities.
This will be particularly difficult at this moment, as businesses struggle with various priorities. Here are some tips to connect with your businesses effectively.
Business Retention & Expansion (BR+E) is a concept that can be activated for times of crisis. It is a structured and community-based approach to business and economic development. It helps communities learn about issues facing local businesses and sets priorities to address these needs where possible to help strengthen the economy. It is important to recognize that few communities can do everything they would like to do to support their existing businesses.