2014-03-03_HRA_Joint_CC_Meeting - Laserfiche WebLink

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Attachment A The weaknesses identified were: transportation congestion, housing costs, some firms without written plans, some labor force issues, state business climate, opportunities, and public transit. The Campus Research Review panel identified several opportunitie Those opportunities included: helping business invest in update employee training, connecting/promoting business development res that are considering expansion, enhancing business networking, making businesses aware of housing opportunities, and forging connections with higher education programs. Threats included: running out of room for business expansion and issues federal Affordable Care Act. Most of the ideas presented in this report as pertinent to Rosev by the 17 people at the Research Review meeting. OverviewofBusinessRetentionandExpansionStrategies Profits are the key to the retention and expansion of businesses place to live or raise a family, but business owners must make a business. Loyalty to the community alone cannot keep businesses in a community. In a free market economy, such as the United States, making a pr business owners and managers. Government and community groups cannot singularly make a business profitable. However, to the extent that government and influence the business environment in their community, they can help businesses survive and grow. The next section of this report details strategies and po consider to help businesses become more profitable and, therefor the community. The potential projects included in this report are intended to b consider during its Task Force Retreat on February 18, 2013. Th using projects suggested at the Campus Research Review meeting and on economic development theory and practice. The projects reflect the results of the bu None of the projects included in this report will address all of the businessesÔ concerns or serve as a key to prosperity for all businesses and the community. Ho options that can help strengthen the business sector and the local economy. Note that feasibility analysis has not been conducted on these potential project ideas After the Task Force has prioritized its recommendations, the recommendations will be taken to the Roseville HRA. The HRA will determine how the recommendation implementation. The most effective BR&E implementation involves sectors in the community. This collaboration is a benefit in it provides a forum for addressing important issues, efficiently li helps minimize the duplication of services, and helps inform a c about economic and business issues. BusinessRetentionandExpansionStrategiesforRoseville 1. Enhance, Promote & Develop the Roseville Business Environmen 2. Create Identity, Community & Networking for Roseville Businesses ROSEVILLEBR&E:CHAPTER39