The Wyandot County Office of Economic Development has released its annual formal report summarizing findings from the organization’s 2014 Business Retention & Expansion (BR&E) program. Click here to view the 2014 Wyandot County BR&E Final Report, or click on the cover image.
The BR&E program is designed to assist local organizations with the planning and implementing of projects to help their profitable growth. The WCOED uses written and verbal questionnaires to collect data from targeted businesses throughout the year that is then aggregated to assess strengths and weaknesses of the local economy. The BR&E program has remained a primary function of the WCOED as the growth and retention of existing Wyandot County businesses is arguably the most important to sustaining the local economy and heightened quality of life. Locally owned businesses typically have a long-term commitment to Wyandot County and relate to the excellent lifestyle and quality of life this community has to offer. Furthermore, data has shown that local businesses play a vital role in communities as on average 70% of all new jobs created come from existing businesses. In rural areas, it has been shown that as high as 86% of new jobs created come from existing businesses.