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1 Submitted by: Ned Staebler, Vice President Economic Development ___Businessbased Economic Development Goldman Sachs 10,000 Small Businesses Program WSU is preparing for the 6th cohort of the Goldman
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How to fill out business-based economic development
How to fill out business-based economic development
01
Identify the target industries for the economic development
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Develop a clear strategy and plan for boosting business growth
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Provide resources and support services for businesses such as financing options, training programs, and networking opportunities
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Partner with local governments, educational institutions, and other stakeholders to create a supportive business environment
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Measure the impact of the economic development efforts and adjust strategies as needed
Who needs business-based economic development?
01
Local governments looking to attract new businesses and create job opportunities
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Small and medium-sized enterprises seeking resources and support to grow their businesses
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Economic development agencies focused on promoting business growth and competitiveness
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Entrepreneurs and startups looking for a conducive environment to launch and expand their businesses
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What is business-based economic development?
Business-based economic development refers to strategies and initiatives aimed at promoting economic growth by supporting existing businesses and attracting new ones to a region. This includes enhancing the business climate, providing resources, and creating incentives for businesses to thrive.
Who is required to file business-based economic development?
Typically, businesses that receive certain types of economic incentives or support from government programs, such as tax credits, grants, or other financial assistance, are required to file documentation related to business-based economic development.
How to fill out business-based economic development?
Filling out business-based economic development forms usually involves providing detailed information about the business, including its economic impact, number of jobs created or retained, and other relevant metrics. This may also include financial data and compliance with any local or state requirements.
What is the purpose of business-based economic development?
The purpose of business-based economic development is to foster a favorable economic environment that encourages business growth, job creation, and overall economic vitality. It aims to increase local investments and enhance the quality of life in communities.
What information must be reported on business-based economic development?
Required information typically includes business identification details, project description, financial statements, job creation/retention numbers, and adherence to the agreed terms of any incentives provided.
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