October 2018 – Business retention and expansion defined

~~~Business retention and expansion defined We stumbled on the problem (lack of a definition of BR|E) while writing For the Team. There are many process descriptions, but no definition. That problem has now been eliminated through a joint effort with Business Retention Expansion International (BREI). In economic development, business retention and expansion is a program designed to strengthen the connection between companies and the community while encouraging each business to continue to growin the community. Through direct interactions, events, and research, the program seeks to gain insight into business practices, planned future actions, as well as the challenges of targeted companies. Then, to turn this “business intelligence” into value added services, programs, and/or products that address individual and shared company opportunities and problems.