Copy
Hint: think smaller, think local.  
Howdy Friend,
 
Here's an idea that you can pass along to the economic developers in your area. If that's you, hit reply and let me know what you think. 

Many small towns have a modest budget for economic development. Rather than try to save it all for one big deal, break it up. Instead of offering $50,000 in incentives to one big company, offer five $10,000 incentives to local companies to grow. Run a business contest.

That's what got Scott Meyer and his brother into business: a local business contest with a modest cash prize.  Listen to Scott's small town business story. 

Any company you can attract, another town with deeper pockets can attract away. If you want loyalty, start with the people who are loyal now: your local people. Break that small budget up into $5,000 or $10,000 chunks and spend it growing small local firms that won't want to move. 

How would you answer? 
One such local entrepreneur who could use some support is Caleb Mast, Nappanee, Indiana (population 6,700). He left this comment on an older post (about using one shared space to grow multiple businesses): 

"Thanks for your articles! We are working on renovating an old factory building in Downtown Nappanee. We're having a hard time getting businesses to fill all our space. It is growing but our town is pretty small for such a big project. www.coppescommons.com
Let me know if you have specific advice for us."

 
What advice would you give to help a multiple-business space grow? Hit reply and tell me, and I'll pass along the best to Caleb and to everyone here. Be sure to take a look at the Coppes Commons website for some more background. It looks amazing! 

Keep making your small town better,
Becky 

PS - If you like pop-up stores and pop-up art, here are a couple of resources from a recent webinar on the subject: 
Why I love pop-ups for small towns: the short term and smaller scale don't require as much to make them happen, and they are great tests to find out what is possible on a longer term and larger scale. 
Unsubscribe
If you're no longer interested, for whatever reason, go here to unsubscribe:
https://town.us1.list-manage.com/unsubscribe?u=ffa03598c2894cc939218d450&id=738ea0f452&e=09e54574e3&c=17eb119e57  

Need to change your email address? Go here:
https://town.us1.list-manage.com/profile?u=ffa03598c2894cc939218d450&id=738ea0f452&e=09e54574e3

You received this email because you signed up for our email newsletter at one of our websites (smallbizsurvival.com, beckymccray.com, needalittleadvice.com and saveyour.town) You get the regular newsletter and notices when we offer products and services to help you shape the future of your town.

SaveYour.Town
PO Box 8
Hopeton, OK 73746

Add us to your address book
 

Email Marketing Powered by Mailchimp  


If you like this positive view of rural, BOLDLY SHARE: 
Share
Tweet
Share
Forward to Friend
+1
If you use HootSuite, you can click the Tweet button, wait for the tweet to appear, then copy the text and paste directly in HootSuite. Thanks to Tara Mastel of Montana for that tip!