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CD1605(Revised)Business Retention and Expansion Visitation Fundamentals Kathleen TweetenAlan Airfield, Extension Professors Extension ServiceSpecialist Emeritus Mississippi State University Extension
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How to fill out business retension and expansion

01
Evaluate current business operations and identify areas for growth.
02
Research target markets and potential expansion opportunities.
03
Develop a strategic plan outlining expansion goals and objectives.
04
Secure necessary funding and resources for expansion.
05
Implement marketing strategies to attract new customers and retain existing ones.
06
Monitor progress and make adjustments as needed to ensure successful expansion.

Who needs business retension and expansion?

01
Businesses looking to grow and increase market share.
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Entrepreneurs seeking to enter new markets and expand their customer base.
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Economic development agencies aiming to attract and retain businesses in their communities.
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Investors interested in supporting the growth and expansion of promising businesses.
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Business retention and expansion involves strategies and efforts to keep existing businesses in a community and help them grow.
Companies or organizations operating within a specific jurisdiction may be required to file business retention and expansion reports.
Business retention and expansion forms can typically be filled out online or submitted through a designated government agency.
The purpose of business retention and expansion is to support local economic development by retaining existing businesses and helping them expand.
Typical information reported on business retention and expansion forms includes current workforce numbers, future growth plans, and any challenges or opportunities the business is facing.
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