SEPTEMBER 2019
 
 
Bijou Nails received Kiva funding
 
 

Sustaining a strong local business climate

 
 

The presence of unique locally owned businesses is one of the key amenities offered by downtown districts. These small businesses support the local sports teams, shop at local businesses and provide goods and services tailored to the local customer base. However, by virtue of being small, these businesses often face greater challenges getting started, getting the word out and capitalizing on growth opportunities. Fortunately, there are several tools available to businesses and the communities that support them, which can provide support and capital to sustain a strong local business climate. 

In this three-part series, we discuss ways to support local busineses to sustain a strong business climate.

 
 
 

Small business support and funding

A limitation for many small businesses is capital for startup, inventory and expansion. Fortunately, there are many tools available today to allow local investors to fund businesses that they support.

 
 
 

Mentors and business partners

Connecting businesses with mentors that can help them understand the local market, capitalize on or prepare for seasonal changes or major events, and effectively market to customers can substantially increase their chances of success.

 
 
 

Encourage shopping small

Shopping small is a strategy that is hard to oppose. Consider the following unique strategies to encourage and recognize customers that make the effort to shop small. 

 
 
 

UPCOMING EVENTS

 
 

Roundtable Discussion Group
October 8
9:30 a.m.-1 p.m.
Osceola
Register

 

Wisconsin Downtown Summit
October 15-16
Green Bay
Register

 

Business Improvement District Webinar
October 22
12-1 p.m.

Register

 
 

Downtown Retails Events Webinar
October 30
12-1 p.m.

Register

 

Empty Storefronts Conference
November 4
Milwaukee
Register

 
 

NDC Historic Real Estate Finance Course
November 11-15
Milwaukee
Scholarships available
Register

 

Shop Small Saturday
November 30
Sign up to be a Neighborhood Champion

 
 

Find more articles and tips in our Places blog.

 
 
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Wisconsin Economic Development Corporation  
201 W. Washington Avenue, Madison, WI 53703