Growth Dimensions is Economic Development for Boone County
1 Feb 2023
Economic growth is the core of a community’s vitality. The ability of businesses to operate and flourish offers jobs for residents, increases financial opportunities and improves the overall quality of life in an area. But starting and running a business is a challenging endeavor. From the established company to the entrepreneur looking to start, every business needs assistance to achieve success.
Economic Development Organization’s (EDO) exist to assist current and future business development in a number of manners. Since 1979, Growth Dimensions Economic Development has been the EDO serving Belvidere and Boone County. They help business and community leaders with current economic development strategies and support existing businesses with an eye on what can be done to bring new businesses to the area. EDO’s are an excellent resource for entrepreneurs with a dream but looking for the right direction to start. They also provide or facilitate workforce development and training options. Finally, EDO’s are adept at marketing and promoting their business area, through means such as social media marketing awareness and hosting events.
Growth Dimensions helps forge the close links between community and business leaders to help bring the economic, workforce, and community development of an area into the future. Here are the primary ways Growth Dimensions can be a valuable resource to help businesses improve their operations and make the Boone County community a wonderful place to work and live.
Business Retention and Expansion
Growth Dimensions enthusiastically supports existing businesses because we recognize they are crucial to our local economy. We offer problem-solving services to help them succeed and grow. This might be as simple as offering advice and technical assistance. But we also help companies access public and private financial assistance, such as low-interest loans or bonds not available to the general public, to enable renovations, equipment upgrades or infrastructure improvements. We also make it easy to understand and apply for the tax credits and other incentives that help businesses grow. Finally, we recognize the workforce is a business’ lifeblood, so we facilitate training opportunities to help your employees grow with you.
Attract New Businesses
Equally as important to supporting existing businesses is the ability to attract new businesses to the area. Growth Dimensions promotes site selection so that sufficient unique sites and assets are available for commercial real estate, while also ensuring there is sufficient housing to support workforce needs. Our staff actively works with land developers, brokers and agents to determine what business locations the community can establish, while promoting properties and buildings they are listing or looking to acquire. And our reach extends beyond local interest, as we actively attempt to attract foreign direct investment.
Support for entrepreneurs and small businesses
Growth Dimensions is also a valuable resource for entrepreneurs and small business owners, providing advice, guidance and resources for those starting new businesses. We offer integral services for early-stage businesses, such as business planning, site selection and locating financing. From learning to manage the uncertainty of cash flow to making the community connections necessary to get up and running, Growth Dimensions has the knowledge to help those getting into the local economic community.
Assistance with workforce development
Finding skilled workers is one of the primary challenges for businesses today. Continued development of that workforce is critical as well. Growth Dimensions works closely with local partners to help find and maintain a strong local workforce. We have the recruitment opportunities and strategies to help businesses locate the workers they need. We also work with local educational institutions to develop the specialized training required for your company. The result is a robust, resilient talent pool for businesses throughout Boone County.
Marketing and promotion
Economic development organizations are at the forefront of marketing the community to attract prospective investors and residents. Growth Dimensions promotes our community’s assets and business advantages in order to create awareness and opportunities. In addition, we have access to a network of community leaders and experienced business owners to facilitate the strategic planning of local stakeholders to develop long-range community plans.
You Can Depend on Growth Dimensions
The targeted result of EDO activities is the dedication to improve a community’s quality of life. Economic development goes hand-in-hand with community development projects such as adequate housing, parks and recreation and downtown initiatives. These projects are part of the continuous circle of improvement for residents and businesses ensuring continued growth in Boone County.
Growth Dimensions can help businesses make the connections to address current stress points standing in the way of your current success. Growth Dimensions has served the Boone County community for over 40 years and cares about promoting the quality of life growth in the area. Please contact us today to access our wealth of information and resources to help your business grow.