Increase total business support activity by 20% by 2025
Objective Description
Trend Analysis
FY19 nearly doubled previous years’ total service cases as a result of the Ellicott City Flood. As a result of HCEDA administering the HoCo RISE COVID-19 Business Assistance grants, the total number of service cases again expanded significantly. The number of traditional business support activities is projected to continue to show growth as the HCEDA staff remains focused on strategic outreach and additional business exposure to specialized assistance services. However, the number of grants administered is expected to decline, resulting in a net decrease in total cases in FY22.
Strategies
- Provide regular informational outreach to portfolio of County businesses.
- Conduct event and marketing activities to promote awareness of available business support services.
- Continue to expand the catalog of business support services available.
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Source: Howard County Economic Development Authority