By Ryan Kelly –
During a BREI board meeting today, there was an interesting conversation that began regarding the use of the term “BRE.” There is a trend with many economic development organizations and chambers that use business retention and expansion models, but they are increasingly moving away from the term “BRE.”
So we must ask the question that begins the foundation of what we do, “What is BRE?” Lorraine Boyd of the Province of Nova Scotia put it well.
BRE is one tool in the economic development tool box. It along with other activities are used to engage with business communities in identifying and addressing situations in their area. (Lorraine Boyd, BREP)
BRE is a tool in the toolbox of economic development organizations. This tool helps to grow local businesses and reinforce communities. It leverages relationships and local resources for maximum impact.
So, does changing the name of a program change what it is? As William Shakespeare wrote in Romeo and Juliet, “a rose by any other name would smell as sweet.”
Boyd commented that new names are given to BRE activities such as BusinessNow and SmartBusiness.
No matter what name is given to a BRE program, it is essential that it follows the core components of BRE training and that it brings partners to the table to share in the burdens and successes of economic development.
BRE is a proven strategy for growing and retaining local businesses. Let’s capitalize on the efforts and brand it how we need to market the program to the community.