Spotlighting Economic Developers in May
6 May 2019
May 6-11 is International Economic Development Week (EDW). It’s a time to recognize the economic development efforts that contribute to building vital and sustainable communities.
The International Economic Development Council created EDW in 2016 to help raise awareness for the profession. Economic Development Organizations (EDOs) are often misunderstood because our activities happen behind the scenes, outside of the public eye.
EDW is a chance to celebrate economic developers, the local leaders and organizations that work tirelessly to recruit investors, develop businesses, create jobs, enhance the tax base — and ultimately improve the quality of life of their communities.
The Roseville Economic Development Authority (REDA) provides a comprehensive range of critical services geared towards building the local economy and supporting area businesses.
Here are some of the primary ways EDOs like REDA work to better our communities:
Support for entrepreneurs and small businesses
EDOs are a valuable resource for new and developing companies. From advising on basic topics like business planning to helping find a location and identify financing, these services are integral to helping early-stage businesses succeed.
Business attraction, retention and expansion
Economic developers have long been tasked with recruiting investors and companies to our regions in order to expand the tax base and create new jobs.
Promoting the success and growth of existing businesses is also crucial to sustaining an economy. REDA’s Business Visitation Program supports business retention and expansion by ensuring regular communication between staff and area companies to make sure the Roseville business community’s needs are being met.
REDA helps companies problem solve and offers technical assistance. It connects companies with resources and makes sure entrepreneurs are aware of the great opportunities to grow in Roseville.
Marketing and promotion
Economic developers are at the forefront of marketing our cities and regions to attract prospective investors and residents. We are trained to identify community assets and business advantages in order to promote them to the world.
Assistance with workforce development
Companies today face a challenge in finding skilled employees. That’s why economic developers work closely with local partners to help build and maintain a strong local workforce.
The REDA website has a dedicated jobs module to help facilitate connections between businesses and the area’s workforce. Employers can submit job listings for free and job seekers can search for opportunities on the site. Learn more here.
The site also includes details about workforce development programs and resources. View here.
Access to financing
Economic developers are knowledgeable about business financing and incentives. We can help new and existing businesses identify the capital and incentives they need to start up and grow.
Roseville can also assist companies in applying for state/local incentives such as County business loans and cleanup funds.
In Roseville, businesses will find a nurturing environment. Companies of any size can find the right resources and opportunities to grow and prosper.