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The foundation of a city's economic development depends on
continuous growth of property and sales tax. This, in turn, relies on renewal and attracting new businesses. This is how municipalities gain increased revenues.
Municipalities must explore ways to leverage existing infrastructure, align uses to local factors, and structure policies and governance to enable a successful recruitment strategy with these three
steps:
- Develop your city profile. Include your trade area strengths,
an analog of businesses, available sites, and trade area factors. Benchmark your city's traits with similar cities to help you identify your sustainable point of differences.
- Identify compatible companies. Categorize the types of businesses that would enhance your brand and align with your vision. Conduct surveys for community input.
- Target specific companies to attract. Maintain data on companies with expansion or relocation plans. Recruit them for tours, provide qualified site options, support the process with facts on how your community aligns with their operational and locational requirements, and emphasize the benefits of your community.
This is just a start. For a comprehensive analysis of your area's potential, email us
or call (972) 999.0081. Cities across America have employed our outcome-based consultancy to achieve their economic goals. We want to help you do the same. Let's talk today.
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