Progress To Date
Focus Area 2.0: Business Formation and Early-Stage Growth
2. Business Formation and Early-Stage Growth
2.1 Ensure that Pearland’s business climate and support services are optimized for enterprise formation and growth
In June 2021, the City, in partnership with PEDC, launched OpenCounter, an online portal to serve as a “virtual front door” for starting or expanding a business in Pearland. The new platform leverages technology to improve the customer experience and assist businesses with a better understanding of the development rules in Pearland. As of April 2022, there have been over 13,000 projects scoped in OpenCounter.
PEDC funded a study to assist in determining if the City’s fire ISO rating could be improved from a Class rating of 2 to a 1, which would help lower business insurance costs in the City. The City was notified in February 2022 that it met all the qualifications and an ISO rating of 1 has been issued .
2.2 Establish a hub for entrepreneurship to concentrate local services and connect to the regional ecosystem
In 2020, PEDC, along with the Pearland Prosperity Implementation Committee, launched a collaborative process with community partners to evaluate the feasibility of providing some type of hub for entrepreneurship and small business assistance in Pearland. In April 2021, the PEDC Board, after reviewing the proposed Hub’s business model and consulting with steering committee established to advise the feasibility study, along with the Pearland Prosperity Implementation Committee and Chamber Board of Directors, voted to move forward with the creation of the Entrepreneurship Hub. After an RFQ and negotiations process, The Cannon Workspace, LLC (The Cannon) was selected as the recommended vendor to implement the Hub in November 2021. In May 2022, the Pearland Innovation Hub was officially launched.
2.3 Establish a revolving loan fund (RLF) to incentivize primary business formation and growth