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2. BUSINESS RETENTION & EXPANSION ACTIVITIES: <br />Retbntion & Expansion - Businesses retention and expansion (BRE) is a core program of any <br />economic development plan. These programs are deslgned to 1) retain or keep exlstlng <br />businesses in the community; and 2) provide assistance for businesses to expand. Retention and <br />expansion programs can be implemented at the local, regional and state levels in a variety of <br />wayo. Some programs might focus on central business districts in downtown areas or on the <br />commercial and industrial areas where many small and medium-sized firms compris€ a large <br />portlon of the employment base. Other mayfocus on allocating resources to support specific <br />industry or channeling resources to support economic diversffication strategies. <br />Porformancg <br />lleasure <br />Targets <br />F,(22 <br />Performanec <br />licacuro <br />Targctr <br />FY23 <br />a Number of outreach interactions initiated with existing businesses <br />such as phone calls, site visits, or surveys <br />-Provlde a target for FY22 and FY23 50 55 <br />a Number of follow-up interactions initiated with exlstlng buslnesses <br />-Provlde a tagetfor FY22 and FY23 <br />50 55 <br />3. BUSINESS ASSISTANCE <br />Buslness Assletance (lncludlng start-ups) Small and emerging businesses generate wealth <br />and provide significant source of employment in today's high technology global economy. They <br />stimulate job creations, develop crucial innovations in both products and services, and diversify the <br />economic base. lt is criticalthat communities' economic development strategies dedicate <br />r€sources to developing and promoting new business start-ups and establishing effective support <br />systems so these new businesses can grow successfully. A community that meets the needs of <br />its entrepreneurs increases its chances of job growth within small businesses, and those gains <br />translate into a more vibrant community. <br />Performance <br />Measure Targcts <br />Flt22 <br />Performance <br />Measure Targete <br />FY23 <br />o Number of businesses requestlng assistance <br />-Provlde a target for FY22 and FY23 30 30 <br />Number of follow-up interactions with businesses <br />-Provlde a tarset for FY22 and P(23 <br />a 5 5