There is perhaps no higher priority to a state or local government than economic development and business attraction. As competition among communities for increasingly footloose businesses heats up, business retention programs have become the most popular economic development efforts of communities nation-wide. While retention programs emerged in response to business defections and the negative impacts those defections have on the local economy, they have increased in importance as communities recognized that real job growth over time comes from local business expansion.
IAG helps clients navigate business retention programs and assists large, medium and small businesses with their retention and relocation strategies. The goal for any business is to establish relationships between community businesses and economic developers to strengthen existing companies, establish early warning systems to flag at-risk businesses that require assistance, and ensure that public programs meet local business needs.