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Economic Development

Sussex Combines Economic Gardening, SizeUp, and Loans for Small Business Growth

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The Article “Focus on Western Sussex as County aims to help business” in Costal Point explains that “SizeUp lets people create customized reports for their specific industry. Tools include benchmarking to see how a business compares to competitors in the industry, as well as mapping of competition, customers and supplies. It also shows advertising and demographics, such as labor force and consumer spending in that area.” The information is available to local businesses on the Sussex County website.

“This is the same information — tools that large businesses use to make decisions,” but now it’s free for smaller businesses in Sussex, said Economic Development Director William Pfaff.

Decline in Business Attraction for Economic Development

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Low unemployment and a tight labor market for skilled workers has diminished the value of the economic development strategy of business attraction. What works now is 1. Recruit quality labor, 2. Focus on entrepreneurs and small business, 3. Retain local businesses, 4. Workforce development, and 5. Improve quality of place.  A discussion of the value of SizeUp LBI for local communities is included in the article. Read the whole article “Business Attraction Used to Be Great for Economic Development. Now It’s Not. Here’s What You Can Do.”

5 Online Trends Economic Developers Can’t Ignore

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The white paper from the Financial Times’ fDi Intelligence, 5 Online Trends Economic Developers Can’t Ignore, includes the trend “Small is the New Big”. The article points out that there is greater value from economic development organizations focusing on small businesses that already exist in their communities instead of an exclusive focus on business attraction from outside of the area. According to the article, “today innovative economic development organizations are implementing online Business Retention and Expansion using the same ingenuity to bring mass service to their local businesses on their websites. The breakthrough online innovation which is making this happen is SizeUp LBI (Local Business Intelligence) which enables EDOs to empower their small business community with industry-accurate and geographically specific market research and data insights to help entrepreneurs make smarter decisions based on data.”

Read the full article on Linkedin or download the white paper.

Nerd Wallet Discusses Where Small Businesses Have an Ally that SizeUp Ranked #1

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SizeUp recognized the City of Fremont, California as the top city for tech startups per capita and Nerd Wallet has covered that ranking and the way that the city is focusing its attention on small business success through an official governmental ally. In the article, Where Small-Business Owners Have an Official Ally, Benjamin Pimentel discusses the value of a single point-of-contact, tech companies, and the qualities that make Fremont attractive to live and run a business.

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SizeUp powers new tool for economic development organizations

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Noted blogger Frank J. Kenny, a social media and technology consultant for economic development organizations, conducted a video interview with SizeUp’s cofounder for Frank’s blog “Grow Your Chamber”. In the interview, they discuss the Bowling Green Chamber of Commerce’s adoption of an innovative new service, SizeUp for Local Business Intelligence (SizeUp LBI). SizeUp LBI helps economic development organizations deliver value to their local businesses by showing them how they can grow locally and stay competitive. SizeUp LBI is powered by SizeUp’s groundbreaking and award winning technology, is customized to the local service area of an organization,  and includes advanced demographic capabilities not available on SizeUp.com.

Read the full article and watch the video interview here.

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