GOAL
In the groundwork phase, the effort will Identify baseline metrics, inventory resources, develop an actionable Business Retention & Expansion (BRE) plan by June 30, 2022. In the follow-on BRE Implementation Phase, emphasis will shift to conducting a targeted number of business visits using BRE survey tools. Targeted business visits and survey goals will complete by December 31, 2023 and specifics will be determined from the tools identified and resources allocated in the groundwork phase.
PRIORITY AREA
Create a Resilient Economy
Goal Status (as of end of Q4 2022)
STATUS
Baseline metrics were identified, resources inventoried, and an actionable Business Retention & Expansion (BRE) plan was developed by end of 2022.
Current Status - Lead Measures (as of end of Q4 2022)
MEASURE
By June 2022, the Groundwork Phase will successfully develop core BRE performance metrics necessary to baseline performance, select a BRE Assessment Tool, develop a BRE resource database and toolkit for participating businesses, and complete an actionable BRE Implementation Framework required for the BRE Implementation Phase
As of the end of Q3 2022, the groundwork phase is complete. With feedback from businesses, partners, ECG leaders and the commissioners, we have outlined a plan for the remaining six quarters. Our focus has shifted from BRE surveys to more targeted workforce pipeline support. This is still in alignment with Business Retention & Expansion (BRE), and in recognition that the number one obstacle to retention and expansion is the limited workforce. Communication tools, resources and business toolkits will launch with the new ECG website.
In Q1 2022, a survey tool was secured and the team is working with business partners and data experts to identify our target businesses
Business toolkits and website information has also been created to make accessing resources easier for the business community by the end of Q2 2022
MEASURE
Number of unique businesses completing BRE survey during this quarter period
Survey tool has been secured and team is on track to begin BRE site surveys in the second half of 2022
MEASURE
Total number of business training and consulting hours provided
Consulting and training are actively occurring through partner organizations (SBDC, VVP, Basalt Chamber, Northwest Area Workforce Center, etc.) and specific site visits are on track for second half of 2022.
Additional Resources