Data Analytics and Statistics Hub

Strong and Prosperous Businesses

Increase total business support activity by 20% by 2025

2,226 

FY19 Actual


FY18 Actual
1,769

Objective Description

In order to strengthen the region's economic vitality, Howard County Economic Development Authority will increase its total business support activity which includes specialized service cases and business counseling services. Specialized service cases include strategic outreach, market research assistance, and other technical assistance. Business counseling services include individual consultations and training opportunities from in-house partners including the Small Business Development Center (SBCD), Service Corps of Retired Executives (SCORE), and the Maryland Procurement Technical Assistance Center (MD PTAC).

Trend Analysis

HCEDA business development staff worked diligently to improve the tracking of service case assistance efforts in the latter portion of FY 2015. Since then, service cases have increased significantly through FY 2019 due to strategic and targeted faciliation and outreach efforts to businesses. Ellicott City flood response and recovery efforts also impacted the amount of specialized services cases between FY 2017 and FY 2019. The total number of 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. The baseline year for target completion is FY 2019.

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.

Source: Howard County Economic Development Authority

Detailed Analysis


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