Proactive Business Retention: Identifying At-Risk Companies Before It’s Too Late
April 30, 2025
Economic developers often focus on new business recruitment, but the companies currently operating in your area are just as valuable. These businesses provide stability to the workforce and improve residents' quality of life if they offer customer-facing products or services.
You can’t always tell when a business is struggling or preparing to relocate, but there are valuable indicators to track within your organization. Based on decades of experience, the team at Golden Shovel Agency has identified five signs a company is preparing to move or is at risk of closing in your area. Here’s what you can do about it.