Roswell Commerce Group Boosts Roswell’s Economic Development
With award-winning quality of life, easy access to Georgia 400, and proximity to the world’s busiest airport, Roswell is a prime location for a business relocation or expansion. With its charming southern charm, boutique storefronts, and craft beverage destinations, the Historic District of Roswell attracts more than 500,000 visitors and 500,000 customers annually. Additionally, the area is home to the state’s largest hospital, a 202-bed Level II Trauma Center. The region is the epicenter of a burgeoning health care industry.
A vibrant business community can make an entire city better. In Roswell, Georgia, a thriving business community is creating jobs, generating tax revenue, and attracting new businesses. Located in northern Fulton County, the historic city is 30 minutes north of Atlanta. Nearby towns include Marietta, Alpharetta, and Woodstock. This article outlines the business community’s many advantages. Read on to learn more.
A region’s economic development will be better served by industry clusters. Roswell is home to one of the nation’s largest cheese-producing companies, Leprino Foods. In fact, for every dollar the company spends in the region, $5.80 of that money will be returned to the community. This is because the cluster is made up of complementary businesses, including alfalfa farms that feed the cheese-making company’s cows. In addition, the company plans to use cow manure as biomass fuel. This type of cluster benefits the entire community, while standalone companies return only $1.38 to a community’s economy.
The city’s growth has resulted in the Roswell Commerce Group creation of industry clusters. This is a strategic approach to attracting more businesses and supporting economic development. By focusing on existing industries in the region, a region can focus its efforts on improving the quality of these industries. Creating new clusters requires addressing shared sector-specific challenges. In Roswell, these challenges are particularly pressing, as growth has slowed throughout the area.
The Roswell Commerce Group Chamber of Business is made up of businesses that provide services and goods in the area. In June, the group’s executive director, Marcos Nava, presented an annual report to city councilors. His report said that the group had $29,262 in assets as of April 30 and $25,164 in net income from January to December 2020. “Our total income was $66,825” according to the report, with $41,661 in expenses, including salaries.
As a member of the Hispano Chamber, the city is implementing a three-year agreement with the organization. The agreement provides funding for business training and social events for members and ties to local organizations. The city plans to approach the Chaves County Board of Commissioners for additional city funding for the Hispano Chamber later this year. However, the chamber will work with city staff to monitor its agreements. To avoid conflicts of interest, city staff should continue to review the agreement.