It's not all bad news in 2020
According to the latest data from the US Census Bureau the number of new businesses in America hit an all-time high in the third quarter of 2020. While up to date statistics on new business formation in Canada is not yet available, anecdotal evidence suggests a similar trend.
What does this mean for your community?
By helping entrepreneurs launch and grow their business you can create new opportunities for you community and offset some of the negative economic impacts from COVID-19.
How can you help entrepreneurs?
Entrepreneurs are more likely to succeed if they have access to sound information and step by step advice on how to start a successful business, including how to write a business plan, pick a location and so on.
Having access to local market research that is current, relevant and easy to use increases an entrepreneurs chances of securing financing, and also ensures that they are in a position to make better business decisions going forward.
What are other communities doing?
Adding an online Entrepreneur Resource Center to your existing municipal or chamber website is an ideal way to help local entrepreneurs. Download the case study to see 3 best practice examples of communities who have done this recently.
How to set up an online Entrepreneur Resource Center?
Each of the examples provided in the case study were created efficiently and cost effectively by integrating Localintel’s “Business & Investment Assistant” online tool into their organization’s existing website.
This integration requires less than 2 hours of staff time to set up and can cost as little as $99 per month. Most importantly, the tool is created, maintained and regularly updated by Localintel.