Economic Development Organizations
SizeUp LBI for Economic Development Organizations
If Your Community Wants Job Creation, You Must Focus on Small Businesses
Many American communities are facing challenging times with unemployment, slow job creation, and the loss of jobs due to automation. However, research shows that if job creation is important to your community, your best path to growth lies with small businesses. Small businesses account for 64% of net job creation in the private sector. In difficult economic times, small businesses contribute even more. After the last recession, the share of net new jobs attributable to small businesses grew to 67%.
Can One Economic Development Organization Serve Hundreds of Businesses?
Serving local businesses through economic development organizations has always been a big challenge. There may be hundreds or thousands of small and medium-sized businesses in your community but just a few economic development staff to serve all of them. This ratio makes it impossible for overworked and understaffed economic development organizations to personally help all of these local businesses with customized assistance for each company. No matter how amazing the economic development professionals are, they are still humans that can’t work 24 hours a day and serve hundreds of businesses at once.
The good news is that there is help for economic developers because SizeUp can serve as many businesses as your community has and can take work pressure off of economic developers.
How Economic Development Organizations Are Empowering Their Local Businesses
Smart communities are empowering their local businesses to succeed with information. This levels the playing field so that their small businesses can access the same types of intelligence that big companies use. This enables local businesses to make smarter decisions through data, upgrading the ability of small businesses to be more successful and grow as modern companies.
Organizations like the Greater Oklahoma City Chamber of Commerce, City of Scottsdale in Arizona, Lee County Economic Development in Florida, and the Small Business Development Center at Navarro College in Texas are just a few examples of those who recognize the importance of fostering an online strategy to support local businesses. This approach makes their community a better place, with more successful businesses that foster job growth and taxes that create quality amenities, including parks, libraries, schools, public safety, and more.
These places are actively enabling their small businesses to make data-driven decisions for success using an online service called SizeUp LBI (Local Business Intelligence). By implementing the service on government, chamber of commerce, Small Business Development Center, and library websites, communities are able to help their local businesses make better decisions. They help these companies know things about themselves they would never otherwise know without access to this powerful business intelligence.
Access to this kind of online market data changes the playing field for small business owners. SizeUp LBI addresses these critical changes with four market intelligence tools: Business and Industry Analysis, Competitive Intelligence, Advertising Analysis, and Demographic Analysis.
Give businesses the data they need to succeed
SizeUp for Local Business Intelligence shows businesses how they can grow within your area and stay competitive.
Business Intelligence for All Your Small Businesses
Economic developers can help local businesses like never before.
SizeUp for Local Business Intelligence
SizeUp for Local Business Intelligence (SizeUp LBI) shows businesses how they can grow within your area and stay competitive, powered by SizeUp’s groundbreaking and award winning technology. All information is customized to your service area, and SizeUp LBI includes advanced demographics.
See how you size up by comparing your performance to all other competitors in your industry. SizeUp LBI super-crunches millions of data points to answer this question so businesses know where they stand.
Map where your competitors, customers, and suppliers are located. Determine how you can best serve existing customers, and new customers, and pick suppliers.
Find Best Places to Advertise
Determine the best areas to target your next advertising campaign.
Interactively map demographic, labor force, and consumer expenditure data for your area. Tailor your analysis to the area around an address, or to a custom boundary.
Help your local businesses by empowering them with information.
Small businesses are the backbone of the U.S. economy, and entrepreneurs work long hours to keep their businesses up and running, providing jobs and benefiting the local economy.
What can you do to help local businesses succeed?
Market research from CEB shows that the number one challenge small businesses face is competition from big businesses, partly because large enterprises can afford the technologies and intelligence to make better decisions about sales, advertising and managing competition. SMBs lack the benchmark data and metrics that they need. Thanks to SizeUp Local Business Intelligence (LBI), your organization can empower local businesses with access to the critical information they need for smart decision-making.
Why SizeUp LBI?
SizeUp LBI quickly and easily offers the data mining and processing intelligence that would otherwise take weeks of time, patience, and expertise. Embed this user-friendly, intuitive, and highly visual small business accelerator on your website, and invite local business owners and managers to quickly get information they need to make intelligent decisions based on high-quality data.
Care about Business Retention
Business counselors and economic development organizations work incredibly hard to serve the needs of the existing businesses in their communities. SizeUp LBI is a toolset that will help you scale your services to address every member of your business community. Keep your businesses happy by helping them succeed.
Empower Local Businesses
Facts about helping your local businesses