The economic downturn brought about by the pandemic resulted in the closure of numerous businesses, particularly small, family-run enterprises that served as the primary source of livelihood for many. Laurentum Retail Factory core mission revolves around extending support to these resource-constrained businesses. The primary objective is to collaborate with them, leveraging their limited resources to help them discover their brand’s unique identity, optimize product offerings, and strategically harness online channels for effective communication with their target consumers.
Laurentum’s commitments to the community include:
- Hiring single mothers and individuals with disabilities – a chance for marginalized segments of the population to secure meaningful employment.
- Stimulate economic expansion – support of local businesses, small and medium-sized retailers in Tampa and across Florida, will contribute to their growth and sustainability.
- Offer consulting services to non-profit organizations – Collaborative projects aimed at entrepreneurs in underserved areas will have a profound impact on local communities.
- To promote Generation of Wealth – operating in Historically Underutilized Business Zones (HUB Zones), an important net benefit for development of its locations, regions and the country as a whole, as this wealth will mean the multiplication of this entrepreneur’s effort in the American national market, not only by the formation of savings, capable of leveraging new investments and businesses, but by fostering entrepreneurship, which is actually the driving force of the economy of all societies. Some of the benefits include:
- Economic Development: promote economic growth within the zone.
- Job Creation: by hiring local talent, which can have a positive impact for individuals and families residing in the area.
- Increased Local Spending: contributing to an increased economic activity and a stronger local economy.
- Community Investment: benefits the HUB Zone’s residents and help address social or economic challenges faced by the community.
- Revitalization and Redevelopment: lead to improved infrastructure, renovated properties, and a more attractive environment for both businesses and residents.
- Skills and Training: lead to a more skilled and versatile workforce within the HUB Zone, increasing the overall economic potential of the area.
- Investment Stimulation: trigger a positive cycle of growth and development.
- Increased Tax Contributions: for public goods and services, infrastructure development, and other purposes that directly or indirectly benefit the HUB Zone and the overall economy.
- Community Development: can help build local supply chains, strengthen community ties, and contribute to a sense of pride and identity.
In essence, Laurentum Retail Factory mission goes beyond innovating and profiting; it is being introduced to serve, to foster development, and to build a sustainable future for its host community.