Business Expansion and Retention (BEAR) Program
Existing firms within any community are the engines of economic growth and set the stage for the local business climate, create new jobs and improve the community’s overall prosperity and quality of life. As such, Summit County and its partner organizations have identified the need for a formal Business Expansion and Retention (BEAR) program in Summit County.
Central to the County’s BEAR program is a business outreach and visitation program. The data gleaned from this initiative will be used to highlight common systemic issues, improve or design program resources, and economic development strategies in the County.
The County’s BEAR program is a county-wide effort to investigate opportunities that improve the profitability of local businesses, acknowledge their inherent value to the region, and develop relevant business resources and to assist local companies:
- Identify issues that impede business growth and economic diversification
- Build relationships and express an appreciation to community businesses for their contribution to the local, regional and state economy
- Facilitate businesses access to local, state and federal programs designed to improve their competitiveness
If you are a business in Summit County and would like to schedule a Business Expansion & Retention visit, please call 435-336-3221 or email Jeffrey B. Jones, AICP to set up an appointment.
Personal income decreased 0.7 percent while consumer spending increased 0.5 percent in October as federal economic recovery payments and pandemic-related assistance programs continued to wind down.
Gross Domestic Product, 3rd Quarter 2020 (Second Estimate); Corporate Profits, 3rd Quarter 2020 (Preliminary Estimate)
Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. The increase is the same as...
In 2019, personal income increased in 2,964 counties, decreased in 139, and was unchanged in 10. Personal income increased 4.0 percent in the metropolitan portion of the United States and increased 3.5 percent in the nonmetropolitan portion. ...