Business Retention Programs in North Texas
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Research Purpose: The purpose of this study is to describe the different characteristics of Business Retention and Expansion Visitation programs (BREVS) in North Texas. Using descriptive categories outlined in the conceptual framework table, characteristics of BREVS are conceptualized. The use of BREVS is aimed at capitalizing and expanding on current businesses within a community while sustaining economic growth.
Method: This study uses structured interviews to evaluate the different characteristics of BREVS in North Texas. A phone interview was conducted with six BREV coordinators in the State of Texas. Descriptive statistics were used to analyze the results.
Findings: North Texas Economic Development focuses a large amount of resources on Business and Retention Expansion Visitation programs. While they continue to utilize the survey method to reach a broad range of industries within their community, they no longer utilize an important aspect of BREVS, volunteers. However, BREVS continue to evolve and adapt in order to account for the unique makeup of each community they serve. Given the lack of resources and technological advances, BREVS programs in North Texas continue to be a major form of economic development.