O’FALLON-SHILOH BUSINESS RETENTION AND EXPANSION (BRE) PROGRAM
The O’Fallon-Shiloh Chamber of Commerce, the City of O’Fallon, and the Village of Shiloh recognize that helping existing businesses survive and grow is a vital economic development strategy. The O’Fallon-Shiloh Business Retention and Expansion (BRE) Program was modeled after the University of Minnesota’s Business Retention & Expansion (BR&E) Program, and designed to assist local businesses in thriving and expanding in the O’Fallon-Shiloh Area (OSA). While attracting businesses from outside the community or encouraging new business start-ups are important components of any economic development strategy, research has shown that up to 86 percent of new jobs are created by businesses already in the community. University of Minnesota data from 2012 showed that there are four times as many new jobs created by existing businesses in a community than from either business attraction or entrepreneurship.
The O’Fallon-Shiloh BRE Program is a comprehensive and coordinated community approach to assist existing businesses. Visiting local businesses and learning their concerns is only one component of the process. The BRE Program builds awareness in the community of issues that face businesses and builds capacity for the community to address these issues. The program also assists local leaders and community members in working together to provide solutions to business concerns. While data is compiled into a detailed report, business names and information are kept confidential.
What are the goals of the BRE?
The O’Fallon-Shiloh BRE Program was designed to get a read of the “pulse” of the business community through four objectives:
- Assist local businesses in thriving and expanding in the OSA.
- Create a partnership between the O’Fallon-Shiloh Chamber of Commerce, the City of O’Fallon, The Village of Shiloh, and the local business community.
- Help solve immediate business concerns
- Build community capacity to sustain growth and development.
Who can take part in a BRE?
Any business, chamber member or not, located in O’Fallon and Shiloh IL
How much of time will it take?
The BRE consists of a 30-45 minute interview at your business or the location of your choice.
How do I sign up?
Please contact the Chamber at email@example.com or by calling 618-632-3377.