Economic development policy is measured by job opportunities, workforce development and business retention and expansion. Business Intelligence Systems are used to enhance economic development, workforce development and business retention and expansion.
Business Intelligence Systems for the purpose of Business Retention and Expansion (BRE) are designed to store and report on data used for multi-dimensional, holistic economic development strategies. They help the decision processes by using communication technologies, data, documents, knowledge, and analytical models to identify and solve issues.An example of a Business Intelligence System that can be customized for individual economic development companys needs is Executive Pulse. This system has been widely implemented in the United States and Canada. The company website also features a free newsletter with excellent current articles on business retention.
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