The BusinessFlare® Approach is a trademarked, proven approach to economic development planning and successful implementation, providing positive economic growth that then will extend to surrounding areas and help lift the regional economy, improving the quality of life for the region’s stakeholders.
The approach is based on the evaluation of, and the adoption of strategies to improve, six areas of economic development influence.
An assessment of the five drivers of investment is necessary to identify current conditions, as well as realisitic opportunities for the public and private sector to improve those conditions. The BusinessFlare Approach is unique because it expands on the traditional drivers of land, labor and capital by also considering the market conditions and the regulatory environment as equally important factors that combine for economic development.
Business Climate Themes
These are the common themes that keep rising to the top when communicating with elected officials, businesses and residents? These may be positive or negative factors, and implementation should improve the negative ones and capitalize on and grow the positive themes.
What connects people to their community? What keeps them there, or brings them back?
The adoption of economic development values in management processes is critical.
The most successful revitalization and economic recovery stories all included five key elements.
Economic development success depends on the appropriate balance of three success factors. The most successful communities and brands have mastered this balance.
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