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1. It has been several years since you proposed and implemented your plan to encourage entrepreneurship (question 1) and it has been successful. The small industrial and manufacturing firms in the city have grown and several new entrepreneurial firms have sprung up in the rural areas. There have been rumors, however, that one of the manufacturing firms is considering relocating to a major city. It would mean the loss of 800 jobs. One of the rural firms has also announced that it is moving to the city where your university is located. While the jobs will not leave the region, it will mean that the smaller community will lose about 20 jobs. Small communities losing business to larger communities appears to be a pattern throughout the region. As director of the institute, you have decided that the region needs a comprehensive business retention and expansion (BR&E) plan.
a. Outline the basics of your business retention and expansion plan and explain why each part of the plan is necessary.
b. List some possible resources that you could employ to help you with your plan.
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