The Town of Red River Office of Economic Development and Tourism launched a Business Retention and Expansion program in August. The program is designed to provide tailored support to existing businesses within the community and foster overall economic growth, creating a supportive ecosystem that enables businesses to flourish and expand.
Red River currently has 205 registered businesses in town.
“This program is a testament to our commitment to nurturing the growth and success of our local businesses,” said Director of Economic Development and Tourism Max Khudiakov. “By focusing on retention and expansion strategies, we aim to create a thriving business environment that will benefit both our local economy and the community as a whole.”
The Business Retention and Expansion program aims to support businesses within the Town of Red River by fostering connections with a network of partners, providing valuable resources and information on various small business assistance programs, as well as offering guidance on strategies for sustainable growth. Khudiakov remarked, “Our goal is to empower our existing businesses with the resources and tools they need to thrive, while also paving the way for future expansion and success.”
The personalized assistance for local businesses could include helping them to expand their operations, enter new markets, or enhance their overall competitiveness. By leveraging partnerships with industry experts and government agencies, the Town aims to provide businesses with the necessary support and guidance to navigate through various challenges and capitalize on growth opportunities.
In the coming months, the Business Retention and Expansion program will roll out a series of workshops, seminars, and one-on-one consultations designed to equip local businesses with the knowledge and skills needed to succeed in an ever evolving economic landscape.
For more information about the Town of Red River Office of Economic Development and Tourism’s Business Retention and Expansion program, you can contact Max Khudiakov, Director of Economic Development & Tourism for the Town of Red River at mkhudiakov@redriver.org or (575) 754-1708.
