Springfield Business Development Corporation

Economic Development projects - in 2023, economic Development team managed several new Business investment opportunities/leads, resulting in 20 competitive projects. The team hosted 3 project specific site visits in the Springfield region and announced 4 project wins, resulting in at least $2.5m in new payroll and $21.5m in new capital investment.

Business Development initiatives - in 2023, our aggressive approach to assisting existing companies with growth options, continued along with our outreach to bring new primary industry sector employers to the area. Staff held numerous face-to-face meetings with local Business leaders to identify barriers to growth and investments they may need to make to ensure their presence in the region. See schedule o for additional information.

Workforce Development - in order to meet the most pressing need of existing businesses, newly attracted businesses and start-up companies, the sbdc has significantly increased its focus on workforce Development. Staff administers significant programs focused on developing talent within the existing education system, attracting talent to the region from outside the area and retaining talent already in the region or attending school in the region. All of these efforts will give Springfield a competitive advantage now and into the foreseeable future.