Res-2019-014 EDBA - Laserfiche WebLink

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Reflecting on the criteria listed in the previous section above, and using data collected about regional competitor munlcipalltles, the Ellensburg Business Development Authority has conducted an analysis of this community's business position, vis-a-vis recruitment of new opportunities and sustaining the local business economy. Business retention and expansion Businesses In Ellensburg have strong community ties, which reduce the risk of leaving the area. A healthy community relies on having strong, committed businesses. Real job growth, over time, comes from local business retention and expansion. As of year-end 2017, the Washington State Department of Revenue indicates there are 1,400 registered businesses in Ellensburg. Of these registered businesses, about 200 are located In the downtown core leaving 1,200 outside the downtown core. Registered businesses may include various types such as retail or industrial as well as home businesses. Of key concern to EBDA is to ensure those businesses who are in Ellensburg can continue to prosper and grow. Business assistance is a tool EBDA can employ to retain and expand businesses .. · Business Assistance EBDA's Competitive Position . . Advance EBDA's Position By Ellensburg's Business Incubator, Seek out and maintain a .list of mentors for offering graduated rental structure local buslnesses. and light industrial space for start- up/expanding businesses. . ~. . . A Miaoloan Program for Identify and promote public and private businesses who have been resources available for businesses to sustain unsuccessful in the traditional over time. marketplace in securing funds to grow their business. Sponsoring trainings, workshops Ask and listen to what area businesses say and events such as NxLevel they need to continue growth and prosperity, Entrepreneur Course and the and offer confidential assistance. recent SBA/EBDA Small Business Fair. .. A key factor in determining whether or not a business will stay and possibly grow in Ellensburg is a welcoming business climate, and capacity and interest in partnering with others to ensure a more indusive and Inviting place for businesses.