Which businesses in your community are stressed and which may be ready to grow?

Virtually every Chamber or economic development organization’s strategic plan contains a business retention and expansion component.

Strip away all of the professional terminology and there are three basic objectives:

1. Identify firms that are likely to expand and assist them

2. Identify firms that are stressed and, where possible, assist them

3. Establish or maintain contact with current companies to identify which might be vulnerable to being recruited to another community

Given the speed with which the business environment can change, the tools needed by the organization’s staff must keep pace. The tools must be cost effective, timely and produce the required information.

Geneva Analytics, Ltd has developed such a tool. It’s called Drill Down®. The process utilizes trends, ratios, and measurements that are very sensitive to economic fluctuations.

The results indicate the early stages of expansion/growth as well as the early stages of contraction or deterioration. It is important to note that results from Drill Down® are not based on a company’s credit scores or history.

To request information about this product, please contact Fred D. Burkhardt at Geneva Analytics, Ltd. Email: fdburkhardt@genevaanalytics or call: 937-429-9476.