Data Analytics and Statistics Hub

Strong and Prosperous Businesses

Increase total business development support and outreach activity.

1,165 

FY23 Actual


FY22 Actual
1,112

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, providing business resources, market research assistance, and other specialized business services.

Trend Analysis

The core effort in assisting businesses is by conducting direct business outreach to establish relationships with the business community and to see how HCEDA can support business growth in the county. Direct business outreach efforts have nearly doubled over last fiscal year. Howard County’s business community continues to need HCEDA’s services, including business assistance, financing, permitting, and making introductions.

Strategies

  • Provide regular informational outreach to portfolio of County businesses.
  • Expand international efforts by assisting Howard County businesses with exporting abroad and conducting. business development efforts to attract international businesses to Howard County.
  • Expand Howard County’s concentration of tech-related businesses, including cyber, biotech, and AI.

Source: Economic Development Agency

References

Target = 1,000

Detailed Analysis


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