“Existing businesses play a vital role in economic development. Studies show that upwards of 80% of new jobs created in rural areas comes from existing businesses.”
The Fostoria Economic Development Corporation offers a comprehensive Business Retention & Expansion (BR&E) program that is designed to connect local businesses with resources that help to plan and implement growth. Through company visits and conversations, the BR&E program is able to identify areas where local, state, and federal resources may be available to assist local firms in their profitable growth.
Our BR&E Program is designed primarily to assist local businesses,
but also serve multiple purposes aiming to enhance the competitiveness of conducting business in the local area.
The BR&E Program serves to:
- Enable community leaders to define the strengths and weaknesses of the local economy as identified by existing businesses and workers.
- Use Feedback data to develop, prioritize, and implement actionable items and policy that best address local business needs.
- Develop a narrative of the local economy
- Create direct lines of communication between policy makers and local industry