Using Economic Development Agencies to Find A Business Location

Economy Development Agencies – What are they and how they help business startups.

One of the best sources of information and assistance for business startup as well as expanding the business is the state, regional and local government agencies. There are nearly 20,000 economy development groups worldwide who have the single objective of promoting economic growth and development in the areas that they operate in. They encourage new businesses to locate in the area and help them by giving them all the gathered statistics and information that business needs in order to make a decision.

These economic development agencies will help a business regardless of its size in 4 primary ways:

Market demographics. Real estate costs and availability; zoning and regulatory issues. Workforce demographics. Referral to similar businesses and other resources.

You can start with your local state agency who can then guide you to regional and local groups for more detailed information.

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