This retention program is a proactive approach designed to keeping our current businesses here in the community. A healthy and vibrant local economy depends on the well-being of a community's existing firms. We want to help our businesses thrive in Bloomington-Normal.
Here are some of the reasons why:
- Up to 80% of all new jobs are created by existing firms.
- Businesses that stay competitive are more likely to remain and expand in the community.
- Retaining business is less costly than attracting new ones.
Here's how the program works: