What is Economic Development, and How Does it Serve Mead, Colorado?

Here at Built for Mead, we’re focused on economic development to enhance the economy in Mead, Colorado, but what exactly does this mean?

At the most basic level, economic development is engaging in activities, programs, and more that are meant to improve the economy of a specific area or location. In Mead, we use economic development as a way of encouraging more businesses to look at Mead as a great place to start, locate, or expand their business. We also want economic development to be a tool for existing businesses to offer them resources and connections to make it easier for our already existing businesses to thrive.

Why is economic development important?

Economic development is a tool a lot of communities use to benefit the economy. Economic development can benefit a community by bringing new jobs to the area, which can increase wages for residents and allow more people to work closer to home. It can also increase tax basis for the community, allow local municipalities to provide additional services, and improve services that already exist.

Without economic development, it would be harder for businesses to learn about Mead and the benefits of having a business here. We also aim to bolster our current businesses, providing a contact to reach out to at the Town when they need assistance, and spreading the word about all they do for our community.

How can economic development bring a new business to Mead?

At Built for Mead, we market Mead as a great place to live, work, and start or locate a business. We attempt to reach new businesses and entrepreneurs, providing them with resources and information on how to get started, sharing information about available land and buildings, and sharing what makes Mead a great place to live and work.

We encourage any business owner or entrepreneur who is interested in bringing or starting a business in Mead to contact our offices. We can get them started with information on processes in the Town, including the building and permitting process. We can also supply them with information on other organizations to reach out to and local, regional, and state resources that can help them thrive.

What types of programs are available in Mead?

For local businesses, our Built for Mead Success Stories feature local businesses and developers who help make Mead the great place it is. This free program creates a video featuring a business owner talking about their product or service and why they chose Mead. We provide the business with royalty-free videos and photos to use in their own marketing materials, and the videos can be used as a great recruitment tool for future employees.

The Town of Mead has two incentive programs Urban Renewal and an Enterprise Zone. Both incentives are based on where a business is located geographically in Mead.

Consultations and business assistance are also available for businesses looking to start, expand, or locate in Mead. We’ll help you navigate what you need to get started quickly and work through Town processes.

Want to learn more about economic development in Mead? Visit BuiltforMead.com to find information and resources!