In an effort to bolster its economy and support local enterprises, the City of Tempe has unveiled Tempe360, an initiative crafted to assist established businesses within the city. The new program, launched by Tempe's Economic Development team, offers resources aimed at fostering business success and economic resilience.
Driven to provide a full-circle approach to economic development, the program makes available personalized visits, strategic connections, and guidance through city bureaucratic processes for businesses. This initiative is particularly significant, as approximately 80% of job growth and capital investment in Tempe originate from businesses already established within the community.
According to a recent announcement made by the City of Tempe, Tempe360 is about more than just immediate aid; it's intended to support the long-term growth and stability of the local economy. By tailoring its services to meet the specific needs of businesses, the program aims to create a nurturing environment where they can not only sustain themselves but also expand and reinvest in the local community.
The significance of initiatives such as Tempe360 is underlined by the understanding that when businesses do well, the benefits ripple through the community. They are more inclined to retain and create jobs, reinvest locally, and by doing so, they contribute significantly to the city's economic fortitude. Businesses interested in the program can begin the engagement process by filling out a brief form on the city's website.
