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Boosting Small Business: How Local Governments Support Growth In Small Cities

Posted Jul 19, 2024


Boosting Small Business: How Local Governments Support Growth In Small Cities


Starting a new business in a small city can be both exciting and challenging. As a new business owner, you might wonder how local governments can support your journey and help your business grow. Here are some practical ways local governments can create, maintain, and accelerate small city business growth.

1. Simplifying the Startup Process

One of the first hurdles for new business owners is navigating the regulations and permits required to get started. Local governments can make this easier by offering one-stop business permit centers. These centers streamline the application process, reducing the time and effort needed to comply with local regulations.

“When we simplified our permit process, it allowed new businesses to open their doors faster,” says Michael Turner, City Planner of Grand Island, Nebraska.

2. Offering Economic Incentives

Many local governments provide financial incentives to attract and support new businesses. These can include tax abatements, grants, and low-interest loans. For example, Marion, Ohio, offers tax breaks to new companies, easing the financial burden during the critical early stages.

These incentives can significantly affect your startup’s cash flow and long-term viability. Check with your local government to see what economic incentives might be available.

3. Investing in Infrastructure

Reliable infrastructure is crucial for any business. Local governments often invest in improving roads, utilities, and high-speed internet access to create a better environment for businesses to operate. St. Joseph, Missouri, invested in broadband infrastructure, leading to a surge in new companies thanks to improved internet connectivity.

4. Providing Workforce Development Programs

A skilled workforce is essential for business growth. Local governments can partner with community colleges and vocational schools to offer training programs that meet the needs of local industries. These programs help ensure you have access to qualified employees who can help your business succeed.

For instance, Muncie, Indiana, collaborates with educational institutions to provide training programs tailored to local business needs, boosting job placements and supporting business growth.

5. Supporting Business Incubators and Accelerators

Business incubators and accelerators offer resources and support to new businesses. These programs provide mentorship, networking opportunities, and sometimes even office space at reduced rates. For example, the Cultivate Small Business Incubator in Grove City, Ohio, helps startups navigate the early stages of business development with valuable guidance and resources.

6. Engaging the Community

Community support can be a game-changer for new businesses. Local governments can foster a supportive environment by organizing business forums, networking events, and town hall meetings. These events allow you to connect with other business owners, share experiences, and collaborate on community initiatives.

Holland, Michigan, is an excellent example of a city that engages its business community through regular forums and meetings, helping to create a supportive and collaborative business environment.

7. Providing Access to Resources and Information

Local governments can also help by providing access to valuable resources and information. This can include business counseling services, market research access, and funding opportunity information.

Conclusion

Starting and growing a business in a small city comes with its own set of challenges and opportunities. By taking advantage of the support and resources provided by local governments, you can give your business a strong foundation and set it on the path to success. From simplifying regulations to providing financial incentives and workforce training, local governments play a vital role in helping new businesses thrive.

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