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From:   Deborah Slayton <deborah@altconsulting.org>
Subject:   Taking Care of Existing Businesses
Reply:   deborah@altconsulting.org


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Taking Care of Existing Businesses
Taking Care of Existing Businesses
alt.Consulting Announces
BR&E Manual developed by Ines Polonius, Executive Director of alt.Consulting added as a requirement for ACE Communities

Feb 10, 2005 Existing businesses are the bread and butter of our economy. 80% of jobs created in rural communities are created by existing businesses.

Understanding the value of exisiting businesses is important to alt.Consulting, Entergy's Teamwork Arkansas and Arkansas Department of Economic Development.

Teamwork Arkansas asked Ines Polonius, the Executive Director of alt.Consulting to develop a manual to help economic development and community leaders in Arkansas implement a Business Retention and Expansion program in their towns and counties. When the draft program was completed Teamwork Arkansas piloted the program in 3 Arkansas communities and solicited comments from leaders throughout the state. Ms. Polonius took that information and produced a final manual. On February 9, 2005 Teamwork Arkansas officially introduced the program and the Arkansas Department of Economic Development announced that the Business Retention and Expansion program is now included in the ACE Certification Program.

A Business Retention and Expansion Program is a long- term, systematic approach to:

  1. Identify problems that could cause employers to leave a community,
  2. Identify opportunities to help companies expand in the community,
  3. Build relationships with individual company executives to promote a sense of loyalty, and
  4. Create new opportunites for business development.

Learn more about BR&E

About alt.Consulting

The mission of alt.Consulting is to serve as a catalyst in growing, sustaining, and educating entrepreneurial ventures resulting in wealth creation in minority and rural communities. alt.Consulting achieves its mission by providing customized technical and managerial assistance to existing businesses, start-up businesses, municipalities and non-profits.

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alt.Consulting
Deborah Slayton
phone: 870-267-1725

alt.Consulting

phone: 901-312-9796

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alt.Consulting | 516 Tennessee | Suite 234 | Memphis | TN | 38103