STRATEGIC FRAMEWORK
There are three core pillars that guide our day to day work. For us to be successful, it is important that our daily work is guided by the following strategic cornerstones.
BUSINESS RETENTION & EXPANSION
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We retain and expand existing businesses by building intentional relationships, offering meaningful programs, and providing technical and informational support.
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Support existing businesses (connect with tools & resources provide technical assistance)
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Execute customized BRE strategy to leverage growth opportunities with existing businesses
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Actively support and provide technical assistance to businesses in pandemic recovery
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Maintain comprehensive available commercial and industrial database for properties in Service Area
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Proactively pursue and advance redevelopment of vacant former big box sites
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Continue working to remove barriers and streamline process to advance development in service area
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Leverage workforce development programs and resources and strengthen workforce pipeline between educational institutions and businesses
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Maintain business education and training efforts
BUSINESS ATTRACTION & ENTREPRENEURSHIP
We attract and recruit businesses and entrepreneurs by strengthening partnerships, expanding access to resources, and fostering opportunity for all.
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Support start-ups by connecting them with tools and resources, including technical assistance and business coaching programming
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Maintain comprehensive available commercial and industrial database for properties in our Service Area
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Conduct routine prospecting through intentional outreach and responsiveness to inquiries
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Operate a coworking and entrepreneur center to expand access to business resources, foster a stronger entrepreneurial ecosystem, and to bolster economic activity
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Host routine and as-needed educational training to increase business readiness and sustainability
ECONOMIC
COMPETIVENESS
We engage stakeholders by boosting our community's economic advantage and improving our local economy by staying clear, yet adaptable.
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Encourage long range plan for future business development with supporting infrastructure to service existing businesses and attract new by partnering with private and public stakeholders
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Strengthen relationships with stakeholders in communities in service area - strengthening our region is key to long term success
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Partner with private and public property owners to increase shovel ready site inventory in service area
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Strengthen relationships with local, regional, state and national individuals and organizations that support and enhance GFF mission
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Proactively market available properties in Service Area through Site Selection Assistance
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Maintain a comprehensive Marketing Strategy to promote Fergus Falls, our businesses, and GFF services.
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Execute a comprehensive fundraising approach and identify alternative funding