Build Economic Engine
In the study of macroeconomics, two of the most consistent findings are that innovation drives economic growth, and small businesses create the vast majority of new jobs. Technically speaking small businesses create all jobs since large businesses start small too. The future of Greater Springfield, and all American cities, rests largely on how we adapt to and take advantage of technology, as well as how we nurture our own entrepreneurs with economic gardening tactics and strategies.
Retain and Expand Existing Businesses
90% of all economic growth comes from existing businesses. Intensifying the work of the HITS (Hiring-Investing-Training-Space) Team will increase insights and problem solving and lead to enhanced business success.
Aggressively Pursue New Business Growth
Future prosperity must come, in part, from new business investment. Exposure and targeted marketing of Springfield-Clark County to carefully researched decision-makers in growing economic sectors is necessary to build the community’s economic base.
Enhanced Small Business Engagement
The vast majority of businesses in Clark County classify as “small business.” Increased collaborative education programming and outreach to support Clark County’s small business community is imperative.
Support Entrepreneurial Ecosystem Development
Places serving as incubators for creativity, innovation, and entrepreneurship have a greater chance of entrepreneurial success. EXPAND 2024 will seek to forge more intentional collaborations to ensure Clark County Entrepreneurs have the ecosystem for success. By helping businesses improve their organizations and the skillsets of their workforce, we are also helping business grow jobs and retain top talent. Additional Funding will provide resources to develop and implement our community’s version of Pensacola, Florida’s Entrecon.
