Business Services GroupThe Bureau of Business and Economic Research performs applied research projects for business, non-profit agencies, and government entities. The research may be primary where we gather and analyze new data, or secondary research where we search for existing studies and data. All types of entities come to us for information needed to make important decisions.

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Economic Development Assistance

Successful economic development is, ultimately, dependent upon individuals making investment decisions in a community. Those individuals consider the risks and returns associated with potential investments and then allocate their resources to those projects and locations that meet their criteria. Certain locations offer competitive advantages for such investments relative to other locations. Citizens and public officials need to understand what competitive advantages their area offers and their role in encouraging individuals to make investments that can utilize these advantages. Local citizens and officials can work to mitigate or eliminate different types of risks that would be perceived by potential investors and also create and/or promote their own competitive advantages. For example, public processes that tend to ensure communities will be receptive to certain types of development reduce one of the risks that might concern investors. Eliminating or reducing barriers to development might involve such things as land assemblage, expedited approval and permitting processes, development of key infrastructure related to transportation, communications, education, etc. Business risks might be mitigated through access to targeted capital pools through low interest loans and/or grants that either lower the cost of capital or extend repayment terms to improve early cash flow. BBER works with communities to help them through this “self-assessment” process and in implementing programs to mitigate risks and make their communities more attractive for economic development.