Layoff Aversion: Proactive Outreach

PROGRAM GOAL:  Layoff aversion proactive outreach to struggling businesses for early intervention.

 

WDB NEED:  Identify and engage with businesses showing increased risk of failure or a decline in business activity.

 

Using EconoVue’s advanced search capabilities, specialized business health indicators, and time-series data, the WDB was able to standardize a process of producing a quarterly report of businesses with increasing risk of contraction or failure, and then prioritize their engagement activity by business size, industry importance, and economic impact. 

 

Identify those businesses with increased risk over the prior quarter, and prioritize their engagement efforts for the most effective impact. Succeed when businesses get the assistance they need – and grow.