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Definitions for your reference

Start up – a new business entity or a first-time business owner in need of assistance while launching their venture.

Expansion– any project or investment that creates additional capacity or added employment to the business.

Attraction – an effort to secure a commitment to develop a new business in the area from an entity that does not currently do business in the area.

Retention – efforts to prevent removal of businesses from within the community. This could be due current challenges that may be forcing the business to consider closing, helping someone to

Impacted – the number of jobs affected though LSCP actions and engagement with business clients. Actions may include administering business services to clients, navigation of challenges and opportunities throughout the business life cycle, and project-based service application. sell the business at retirement, or the relocation of a business to another community.

Economic Development Program– initiatives that add value to the community and create enhanced quality of life factors.

 

 

 

 

 

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