TITLE: Title
Analysis of the Business Environment for the Carrboro Business Community
PURPOSE: The purpose of this report is to update the Board on the economic vitality of the Carrboro businesses.
body
DEPARTMENT: Economic and Community Development
CONTACT INFORMATION: Annette Stone, AICP Economic and Community Development Director astone@townofcarrboro.org <mailto:astone@townofcarrboro.org> (919) 918-7319
INFORMATION: . In June of 2019, the Carrboro Board of Aldermen requested staff report on the Carrboro business environment in light of several restaurant closings. The business environment is defined as a combination of internal and external factors that influence a company's operating situation. The business environment can include factors such as: clients and suppliers; competition; changes in technology; laws and government activities; and market, social and economic trends. Staff began to collect data on business owners’ attitude toward the local business environment with a survey and several one-on-one conversations with business and property owners. Attached is an analysis of the data collected.
FISCAL & STAFF IMPACT: Only cost incurred has been staff time. The survey was conducted with the assistance of the Moxie and MPA Summer Interns
RECOMMENDATION:r See report for recommendations