Business Retention and Expansion Is Economic Development

Chamber Staff - Meredith SopkoMeredith Sopko
Director of Marketing and Communications
Sheridan County Chamber of Commerce

 This article originally appeared as a “Community Perspective” article in The Sheridan Press, June 28, 2014.

Earlier this week I was fortunate enough to participate in an Economic Development Task Force meeting, along with members of our stakeholder group and civic and industry leaders. Joining us were Janet Ady, from Ady Voltedge, an economic development marketing and site relocation and selection firm, and Loyd Drain from the Wyoming Infrastructure Authority.

The overall theme of the meeting was economic development for the state and region. However, as the meeting progressed, a different, but critically important, theme seemed to emerge: that economic development is next to impossible without a strong and thriving existing local business base.

Business retention and expansion is important not just for economic development in our area but for our community to remain the vital place that it is today. We all want our existing local businesses to be successful. After all, these are the people that are our friends, neighbors and biggest supporters. But how do we affect or provide focus to this subject?

The Sheridan County Chamber has just recently created a Business Retention and Expansion Committee. This committee is a group of business people who share the common goal of developing new tools and programs to help area businesses grow and prosper.

Through this committee the Chamber hopes to first and foremost understand and address any barriers our local businesses may be experiencing that could hinder their growth and overall success. Next, we would like to tap into our “local experts”; one business may be experiencing something right now that another business has experienced in the past and could share some insight on solutions. Finally, there are all sorts of resources available for businesses but sometimes knowing where to find them can be difficult. The Business Retention and Expansion Committee will help the Chamber connect businesses with these resources.

The vision of the Chamber is to be the #1 resource for business in Sheridan County. And with this in mind, supporting and helping our area businesses is our #1 priority.

For more information on how to get involved with the Business Retention and Expansion Committee, please contact the Chamber at 672-2485.

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