It’s human nature to want to grow, whether financially, intellectually, or even in our towns. For an area to develop, it must offer a conducive environment to attract investors or new businesses. For investors or new businesses to be interested in setting up shop in your town, your town must stand out.
Table of Contents
1- Improved Infrastructure
For your town to be marketable or appear appealing, its infrastructure must be top-notch. Most businesses are attracted to areas where they are sure they won’t face any difficulties while conducting their businesses. If the roads, social amenities, and other support infrastructure needed to ensure a business runs smoothly are present and well maintained, this will attract more businesses to your town.
2- Make Business Licenses and Tax Filings Available Online
the most frustrating thing about starting or running a business is the process of acquiring a business license and tax filing. Despite all the technological advancement, most tows still require people to avail themselves at the local authorities and tax offices for licenses and tax filling. Why not take this opportunity and modernize your town by having these business services online? Upgrading the town service delivery methods will make things easier for the business and the authorities in charge.
3- Offer Incentives to New Businesses
Your town can decide to offer business incentives to any new business that chooses to set up in your town. These incentives may include tax breaks, discounted fees, permits, and microloans. You can ask the local business also to offer some incentives to the newcomers.
4- Positively Market Your Town
You have to get your town to be the talk of everyone. Make sure that people are envious of your town’s success and development. Marketing your town can be achieved by hosting trade expos, offering low-interest business loans, or starting a chamber of commerce. You can also sell your town by creating media stories that focus on the town’s restoration, resident achievements, and the benefits of what the town has to offer to businesses.
5- Focus on Leadership
Behind every prosperous town, there is a great leader or group of leaders. Form a core group of leaders that will keep the planning effort going. Leaders tend to reveal by inclination and how other community members respond to them. These will be men and women who understand the community and local business challenges and can be trusted to be faithful to the community’s wishes. Remember that when electing leaders, only elect leaders on the merit of their ideas, vision, policies, and the common good, not based on selfish agendas.
6-Set Up A Business Facilitation Office.
At business facilitation, an expert will assist the locals in navigating through the challenges of creating a legal and potentially profitable enterprise. The expert teaches people the basics of doing a business plan, setting up the books, and getting proper permits.
Making a town attractive for a new business cannot be done by you alone you have to let other people help. Before you decide to enroll people to join you, make sure that you have an excellent detailed plan and an end goal you aim to achieve.