I hate to say this but the city's decision makers need to work harder to improve the quality of life for its people. Why is it losing smart individuals to other places? Simply because higher powers are looking for short term let's make rich folks happy type of solution.
Look into the laws, educate business owners small or large, involve thinkers young and old, open a space to listen not just campaigning to keep sucking the blood out of the political career ladder. Support local businesses and allow and support them to expand in order to make more and hire more. this town is filled with smart people, take advantage of that before they are gone to other provs. —WTF