Who benefits

The downtown commercial district is the most visible indicator of a community’s economic and social health. Often the first place that people think of or want to see in a community, downtown can either be an asset or a liability in efforts to recruit new residents, new businesses, industry, and tourism to your community.

A sampling of who benefits from MainStreet revitalization includes:

MERCHANTS

  • Greater opportunity for growth and expansion
  • Expanded customer base
  • Healthier business climate and less financial risk

PROPERTY OWNERS

  • Stronger property values
  • Stable, more dependable rental environment
  • Increased occupancy rates
  • Improved marketability of property

RESIDENTS

  • Local access to goods and services
  • Better quality of life
  • Opportunities for volunteerism and leadership development
  • Renewed pride in the community
  • More local employment opportunities
  • Stronger tax base to support community amenities (schools, parks, etc.)

CHAMBERS OF COMMERCE

  • Potential new member businesses
  • Healthier overall business climate
  • Potential partnerships on joint projects

SCHOOLS

  • Youth involvement in civic projects
  • Use of MainStreet district as “classroom” for school projects
  • Potential employment and business opportunities
  • More places to go and activities for youth

PROFESSIONAL & SERVICE BUSINESSES

  • Ready-made customer base of downtown employees
  • Convenient location near government, banks, post office, etc.
  • Nearby amenities for clients and staff

FINANCIAL INSTITUTIONS

  • Expanded commercial customer base
  • Improved public image and goodwill
  • Opportunity to fulfill community reinvestment mandate

INDUSTRY

  • Improved quality of life makes recruiting employees easier

LOCAL GOVERNMENT

  • Increased sales tax and property tax base
  • Protection of property values and infrastructure investment
  • Reduced cost of services, such as police and fire protection
  • Reduced pressure for sprawl development

ECONOMIC DEVELOPMENT ORGANIZATIONS

  • Stronger economic climate
  • Enhanced base of businesses and jobs
  • Dedicated effort to address small business/retail sector
  • Opportunity for collaborative economic development activities

COMMUNITY PARTNER ORGANIZATIONS

  • Improved quality of life in the community
  • New membership potential among new residents
  • Achievement of common goals
  • Preservation of community history and heritage

BUSINESSES OUTSIDE THE MAINSTREET DISTRICT

  • Increased visitor traffic to the community
  • Improved municipal services throughout community
  • Increased business from a healthier overall economy
  • Additional amenities for employees and clients