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Enhancing small-scale businesses
Overview
Mankato city’s population has tremendously increased over the years. The increase in number represents market expansion and other trading sectors. However, it is astonishing because the presence of small-scale businesses has decreased. The large-scale businesses are dominating the city, and the invention of small businesses is limited. Therefore, new changes need to be initiated to enable small-scale businesses to flourish and thrive.
Background
The presence of small business in the city of Mankato has deteriorated while the population keeps on increasing. With small businesses deterred from entering the market, large enterprises have dominated the city, generating revenue that is unfortunately used elsewhere. Therefore, it is imperative to maneuver ways of aiding small businesses to thrive in the city. The city council has set aside 1 million dollars for the next five years to promote and encourage small businesses within the communities. The city council should also provide means of regulating business operations within the city to reduce large-businesses dominance.
Problem statement
With the number of Mankato city population increasing, the number of small businesses keeps on decreasing. The lack of small businesses in the city to provide for the communities, the number of chain restaurants and grocery stores has significantly increased. However, it is essential to note that a good portion of the residents is not wealthy enough to meet the asking price of the chain stores. Therefore, the city council is putting measures and directives that will support the growth of small businesses.
Another serious challenge faced by small businesses is hesitant by the city council to provide permits for businesses to operate smoothly and efficiently. The city council is scared that the revenue collected can be used in other towns or cities. The city council needs to reconsider their processes of giving permits to businesses to ensure small businesses are not pushed to the wall. Small businesses offer a lot to the community starting with ready food as well as full consumption of the available resources. Moreover, having small businesses will ensure that the revenue gets circulated back into the community, thus creating additional growth for jobs.
The city of Mankato is seeking proposals and approvals in order to encourage small businesses to succeed in the market. The city council has set aside 1 million dollars to support the struggling small businesses in the city of Mankato. The money is also set to be used in finding solutions and guidelines that will control the operation of all businesses in the city. Additionally, the city council is focused on bringing new investors and business owners from outside the community to boost the growth of small businesses. Furthermore, a clear solution with a specific budget should be drafted to protect and enhance the growth of small businesses in the city. The city council should be in the forefront to cushion small-scale businesses from large-scale businesses.
Need
Despite the presence of new small-scale businesses, the city of Mankato has heavily relied on large-scale businesses for revenue collection. Some of these businesses include; chain restaurants and big-box stores. However, the idea of increasing the number of small scale businesses will help in growing total revenue collection within the city. Moreover, the revenue collected will easily circulate within communities, thus creating more employment opportunities. To enhance the growth of small businesses, the city council of Mankato is supposed to create spacious and enticing streets to enable movement of people and traders. Besides, the city council should consider constructing ample parking lots behind buildings or on top of ground-level shops. It is crucial to implement this on every street to attract walking pedestrians. To achieve the plan appropriately, the city council is required to hire experienced contractors who have expansive knowledge and experience with discreet parking structures to erect attractive parking designs.
Design streets with the public in mind
Members of the society and business entrepreneurs are attracted to work in a vibrant and walkable environment. The construction of the streets should affirm security to pedestrians. Currently, most of the streets are constructed by traffic engineers who tend to ignore the real needs of pedestrians, such as sidewalks. Therefore, the city council must consider streetscapes and designs that are attractive that will offer safety to pedestrians. The council should do this by hiring competent engineers with expansive knowledge and experience in street design structures. Besides, the parking lot should be spacious enough to accommodate vehicles in the marketplace.
Conclusion
The city of Monkata has a great history and naturally beautiful roots, but it is appalling how small-scale businesses find it hard to thrive. The city is highly dominated by large-scale businesses that give the highest total revenue collection. One of the significant challenges that deter small businesses from flourishing is the hesitant of the city council in providing permits to these businesses. However, the city council has come up with a plan of protecting as well as enhancing the growth of small businesses in the city through the construction of well-designed streets to attract both local and foreign investors. Further, the council is focused on constructing a spacious parking lot to accommodate all traders.