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Business Retention & Expansion

Updated December 18, 2018
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Paul Thares

SDSU Extension Community Vitality Field Specialist

This economic development strategy targets specific industries in your community. The Community Vitality team can analyze a county, community, or economic development organization’s situation and determine what training might be appropriate to meet their specific development needs.

vehicles parked along a main street
A busy Main Street with Businesses

Key components of the program include:

  • Determining if BR&E is right for your community
  • How to research, prioritize, and implement successful BR&E projects
  • How to put together a BR&E leadership team
  • How to train BR&E volunteers
  • How to target specific industries such as tourism or agriculture

The Business Retention & Expansion Program starts with a survey of area businesses. In addition to finding those businesses’ strengths, the survey can identify potential “red flag” issues.

two men talking to each other
Paul Thares, SDSU Extension Community Vitality Field Specialist talking with a community member.

Once there is a good understanding of the current situation, program participants can start to look forward. BR&E can be used to help with:

  • Workforce development decision making
  • Making regional transportation decisions to assist manufacturers
  • Coordination of entrepreneurial growth
  • Succession planning for rural businesses

If you have questions about this article contact Paul Thares, SDSU Extension Community Vitality Field Specialist at the Lemmon Regional Center at 605.374.4177.