Business Climate Survey (BCS)
Business Climate Survey (BCS) is a tool to measure a territory’s economic development progress and economic governance. In the case of GRAPE, it is applied at the municipality level.
BCS, as a monitoring tool, helps to:
- provide suitable indicators to track the development status of a location or a project; and
- measure development progress by comparing economic indicators over time.
BCS, as a development tool, also:
- enables inter-territorial benchmarking with other areas; and
- fuels competition among locations and, thus, accelerates development progress.
The BCS, as a dialogue tool,
- feeds survey results into policy dialogue and formulation.