Services
Economic Development
Business retention, expansion, and recruitment: they’re critical to ensure the sustained well-being of any community. Nevertheless, the market is competitive, and factors influencing business decisions are regional and even global, as well as local. This is a setting where RSG excels.
We use a unique “business plan” approach to economic development. Before putting pen to paper, however, we assess current economic conditions, identify and prioritize economic development opportunities, and review financial and other resources available to underwrite implementation costs. Then, working with the client, we develop the strategic business plan. Developing a vision and mission statement puts the client’s priorities in focus and creates concise, understood, and agreed-upon targets. Economic development goals and policies, and a five-year action plan--with delegated implementation initiatives--make it possible for the vision and mission to become reality.
Once a plan is in place, RSG’s economic development team can help implement it, meeting with members of your community, negotiating with developers, managing and negotiating real estate acquisition, obtaining financing, and providing staffing for special projects and administrative needs.
Market Analysis
RSG’s real estate brokerage background provides our clients with sophisticated tools and insight on real estate trends and opportunities. We do not simply rely on theoretical models that overlook local influences.
Financial and Other Resource Reviews
RSG helps clients identify and procure financial, capital, and organizational resources to implement economic development projects. We also prepare resource utilization schedules that complement implementation priorities.
Strategic Planning
Where do you start an economic development initiative? What obstacles need to be overcome? How can we measure success? RSG can help answer these questions.
Business Development and Business Retention
Starting from a community’s core competencies, RSG is able to identify expansion and diversification opportunities that create sustainable sources of jobs and municipal revenues.
Program Implementation
Many of our clients retain RSG as contract staff to manage the day-to-day activities of economic development and redevelopment programs, including rehabilitation projects, business improvement projects, business recruitment, site selection and acquisition, and financing.