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File #: 19-300    Version: 1 Name:
Type: Agendas Status: Agenda Ready
File created: 9/18/2019 In control: Board of Aldermen
On agenda: 10/1/2019 Final action:
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.
Attachments: 1. Attachment 1 - Analysis of the Carrboro Business Environment 2019, 2. Attachment 2 - Business Survey Data
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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.  

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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:  See report for recommendations