Economic development organizations (EDOs) are always looking for ways to maximize their impact and support the growth of existing businesses and communities. With the increasing complexity of economic development, the need for effective tools to manage and measure progress has never been more important. And the best way to manage the work and measure progress is through technology.
This is where you need powerful economic development software that is designed by software developers with years of experience. ProTRACKPlus is one-of-a-kind software designed to help organizations streamline their processes, improve their tracking and reporting capabilities, and ultimately drive better results.
Technologically advanced software for economic development can help enhance the efforts of EDO and boost the results of the activities thereby maximizing the economic impact. Apart from these, there are multiple ways that software like ProTRACKPlus can help EDOs.
Why Do EDOs Need to Maximize the Economic Impact?
One of the key reasons why EDOs need to maximize their economic impact is to retain the existing businesses and attract new ones with good potential. With increased competition for businesses, EDOs need to showcase the benefits of their communities to prospective businesses. Software For Economic Development like ProTRACKPlus can help EDOs forecast the costs and benefits of these incentives, making it easier to provide businesses with the information they need to make informed decisions.
Another reason why maximizing economic impact is important is that it leads to job creation and higher wages. By providing businesses with the necessary information and support, EDOs can encourage them to invest in their communities, which can lead to more job opportunities and higher salaries for local residents.
Maximizing economic impact also leads to increased tax revenues for local governments, which can be used to support public services and infrastructure improvements. By leveraging the benefits of economic development software like ProTRACKPlus, EDOs can identify areas of their communities that are in need of investment and work to attract businesses that can fill those gaps. This not only provides local residents with the services they need but also helps to create a positive business environment, which can attract even more investment in the future.
Features of ProTRACKPlus
ProTRACKPlus is an economic development software that has been meticulously designed to cater to the needs of EDOs. The software includes specific modules that are tailored to support them. Here are the features that the software has to offer:
Tool to Manage Business Retention & Expansion
Document Management Library
Automated Dynamic & Static Reports
Safe Room for Storing Documents
Document Management
Metric Dashboard
Customizable administration
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How can ProTRACKPlus Help In Maximizing the Economic Impact?
- Comprehensive EDO Management:
ProTRACKPlus offers a complete EDO management system, which includes modules for managing business retention and expansion, incentives, documents, and customer information. The software is designed to streamline economic development processes, enhance reporting capabilities, and help EDOs make data-driven decisions.
A powerful combination of these features in a single software will help you in maximizing your efforts and boosting the economic impact.
- Business Retention and Expansion:
ProTRACKPlus offers a specialized module for managing Business Retention and Expansion (BRE). The BRE module comes with a survey generator, which enables EDOs to collect valuable feedback from businesses in the community. This feedback can help identify areas where EDOs can improve their services and support business growth. The BRE module also comes with a task manager and a notes section, which helps EDOs keep track of their interactions with businesses.
- ProTRACKPlus Enables Mobility
In order to work efficiently with prospects and leadership, it is essential to have access to the latest data and information at all times. ProTRACKPlus offers cloud-based services that allow users to access information from anywhere and on any device, including smartphones, tablets, or laptops. This feature ensures that you never lose track of important data and can retrieve it quickly and easily.
- Intuitive Functions
ProTRACKPlus has been designed to be clean, intuitive, and easy to use. Once you have entered the available information into the system, only fields with data appear when you call up the information to view. This feature is especially useful when using a small device as it eliminates the need to scroll through endless unnecessary fields. In addition, intuitive search fields help you retrieve the exact data you need in a fraction of the time you might typically spend accessing important content, making it readily available at your fingertips.
- Real-Time Report Generation
In economic development, generating timely and accurate reports is critical for effective communication and informed decision-making. ProTRACKPlus allows you to generate up to 22 real-time reports filtered by Projects, Contacts, and Companies. All reports can be exported to PDF or Excel documents with just a couple of clicks. If you need more complex reports, ProTRACKPlus has a report generator that enables you and your team to customize reports by selecting data from every field used in the CRM module. You can save the format of these customized reports for easy and quick access in the future.
- Highly Customizable
Each EDO has unique needs and requirements for storing data. ProTRACKPlus offers customizable field names and dropdown menu titles, allowing users to tailor the system to their specific needs. One or two team members can access the Administrative Module to make these changes quickly and easily, without having to rely on developers.
- Forecast Complex Taxes and Incentives
Calculating complex property, sales, and income taxes, and allocating available resources to provide high-impact incentives can be challenging. ProTRACKPlus has a unique calculator that mirrors local and state tax structures, making it easy to apply taxes and offsetting incentives to estimate a business’s savings and the estimated revenues for various governments involved. This feature helps with incentive forecasting and estimating both the business’s savings and the government’s estimated revenues.
Revolutionize the Economic Development Process
ProTRACKPlus is a comprehensive, user-friendly, and adaptable economic development software designed specifically for EDOs. It streamlines the management and project reporting, providing a complete CRM platform with additional modules for forecasting, reporting, data storage, document management, and tax analysis. With real-time reporting, you can share information seamlessly with leadership and easily estimate incentives or calculate discounts.
ProTRACKPlus also offers mobility features, allowing you to access data from anywhere, anytime. Simplify your community’s growth and maximize your efforts of wealth-building in your community with ProTRACKPlus. Request a free demonstration today to learn more.
