Business Retention and Expansion
Business Retention and Expansion has no subcategories
|The structure of the services index and definitions of the terms contained herein were originally published in A Taxonomy of Human Services: A Conceptual Framework with Standardized Terminology and Definitions for the Field by the Information and Referral Federation of Los Angeles County, Inc., 3035 Tyler Ave., El Monte, CA 91731; Copyright (c) 1983, 1987, 1991. No part of this listing of human services terms and definitions may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electrical, mechanical, photocopying, recording or otherwise without the prior written permission of the Information and Referral Federation of Los Angeles County, Inc.|
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Programs that encourage capital investment and employment in communities and increase overall economic vitality by focusing on the retention and growth of existing businesses. Business retention and expansion programs monitor the health and expectations of existing businesses, take steps to understand the problems that adversely impact their growth and provide the support that is required to enable these businesses to expand and prosper. Specific strategies may include low-interest loans for land purchase, building refurbishment or new equipment acquisition; bond programs to help lower the cost of borrowing for businesses; use of zoning to encourage desirable business expansion and retention; workforce development programs; tax credits; one-stop permitting centers which allow businesses to begin or expand operations quickly; and a wide variety of other incentives relating to finances, taxes, real estate, workforce issues, regulations and technology.
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