Monday mornings are a time for Clint Seibel to meet and talk about the world of economic development. Monday this week was different. We walked up to the ribbon cutting for Bill and Olivia Good's new business—Good Health Chiropractic and Diagnostic Center. The nice part of visiting was measuring the heartbeat of Hillsboro business. When you see a new business opening in town you realize the risk folks take to pursue their passion. There are a number of other things to see as well. Such as:
- There is a store front that is now occupied
- That storefront has been reconditioned to an exquisite new facility with modern equipment.
- There is another young family in town (adding to the future school population is a good thing)
In earlier reading in economic development literature, multiple businesses of similar type are good for each other. The book I am remembering quoted the presence of antique stores. One is a struggle but having three helps survival. The lesson for Hillsboro points to our multiples in business. We have multiples in the following: hardware, Chiropractic, auto sales, auto repair, gas stations, and grocery. I am sure I have left something out but you get the point. When you have a multiple of a business folks will look at both. Purchasing opportunities go up and all the businesses do better because of the competition.
So, here is the first look at the business heartbeat. The next few months will have similar ribbon cuttings. That is good—very good.
