Goal II: Diversify Economic Growth

Objective 2: Expand business retention and expansion efforts.

While Greater Montgomery has experienced many big relocation wins from outside businesses in recent years, growth in the region remains concentrated in existing businesses that need support and resources to continue their trajectory of prosperity
and expansion. A well-organized business retention and expansion program with increased efforts geared toward existing businesses in target sectors will be key to developing a diverse and resilient local economy.

Actions:

• Fully develop and formalize a strategic business retention and expansion program.
• Develop a strategic plan aligned with the U.S. Department of Defense’s (DoD) planning in order to assure the growth and sustainability of missions on Maxwell-Gunter and the Montgomery military complex.
• Provide local firms, municipalities, and higher education institutions with market data and other critical research gathered by the Chamber.