Main St Biz Training Economic Restructuring
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How to implement the Economic Restructuring Point of Main Street according to JD
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Main St Biz Training Economic Restructuring
- 1. Economic Restructuring Main Street Volunteer Training
- 2. The Bureau of Downtown Development administers an economic development program targeting Wisconsin’s historic commercial districts. Bureau staff provides technical support and training to Wisconsin communities that have expressed a grass roots commitment to revitalizing their traditional business districts using a comprehensive strategy based on historic preservation. Rationale.
- 5. Market Demand & ER Demand for Goods & Services Sales Rents Value Source: Hyett-Palma, Inc. & The Real Estate Services Group
- 34. Case Study Lake Mills Business Survey Strengthen Existing Businesses
- 36. Identify opportunities for market growth
- 38. Weigh supply against demand Retail Supply (Square Feet) Retail Demand (Square Feet) Retail Mix Analysis Survey and Focus Group Research Trade Area Demographic and Lifestyle Analysis Competitiveness of Existing Trade Area Stores Assessment of Retail Opportunities Analysis of Non-Local Market Segments (Tourists, Workers) Consumer Behavior in Store Category Competitiveness of Existing Regional Stores
- 43. What do you do with the information? Opportunities for market growth MARKET ANALYSIS PROMOTION BUSINESS RETENTION & RECRUITMENT PROPERTY DEVELOPMENT
- 44. Case Study Market Report College Towns Identify Opportunities for growth
- 57. Develop recruitment marketing materials for district & property owners Recruit complementary businesses
- 58. Case Study Lake Mills Business Owner Survey Recruit Complementary Business
- 60. Find new economic uses for traditional Main Street buildings
- 70. Case Study Adaptive Reuse Feasibility Find new economic uses for traditional Main Street Buildings
- 72. Develop financial incentives and capital for building rehabilitations and business development
- 73. Financial Incentives Develop Financial Incentives
- 76. Case Study Lake Mills Business Survey Develop Financial Incentives
- 80. Returns from MARSHFIELD’S program Cumulative for 10 years $14,562,854 106 485 10 $13,586,554 98 455 9 $13,071,954 88 411 8 $8,513,324 75 330 7 $7,991,524 69 306 6 $3,694,562 61 284 5 $2,933,205 49 246 4 $2,343,583 42 147 3 $1,377,977 27 53 2 $371,800 16 32 1 Physical Improvements Businesses Jobs Year
- 83. The Economic Restructuring (ER) Committee
- 84. Who Serves on the ER Committee - The Team Attorney Realtor Manager Banker Insurance Agent Local Executives City Official Downtown Retailer Accountant Downtown/ Historic Commercial District
- 87. Work Planning putting it all together The ER Committee
Notas del editor
- Steps in ER: I Real Estate Development 2 Business improvement and expansion 3 Recruiting new uses such as retail, government, services 4 Share information with consent of board and in cooperation with the organization committee
- From a publication entitled “Real Estate and Retailing” which is available in our library.
- Steps in ER: I Real Estate Development 2 Business improvement and expansion 3 Recruiting new uses such as retail, government, services 4 Share information with consent of board and in cooperation with the organization committee
- Steps in ER: I Real Estate Development 2 Business improvement and expansion 3 Recruiting new uses such as retail, government, services 4 Share information with consent of board and in cooperation with the organization committee
- Steps in ER: I Real Estate Development 2 Business improvement and expansion 3 Recruiting new uses such as retail, government, services 4 Share information with consent of board and in cooperation with the organization committee
- Specific store categories NAICS 5 digit Not product type Quantitative demand supply Qualitative
- Small Scale Industry: publishing, telecommunications, assembly operations Small Scale: Matching fund grant pool Low interest revolving loan fund
- Small Scale Industry: publishing, telecommunications, assembly operations Small Scale: Matching fund grant pool Low interest revolving loan fund
- Small Scale Industry: publishing, telecommunications, assembly operations Small Scale: Matching fund grant pool Low interest revolving loan fund
- Small Scale Industry: publishing, telecommunications, assembly operations Small Scale: Matching fund grant pool Low interest revolving loan fund
- Small Scale Industry: publishing, telecommunications, assembly operations Small Scale: Matching fund grant pool Low interest revolving loan fund
- Small Scale Industry: publishing, telecommunications, assembly operations Small Scale: Matching fund grant pool Low interest revolving loan fund
- Small Scale Industry: publishing, telecommunications, assembly operations Small Scale: Matching fund grant pool Low interest revolving loan fund
- Small Scale Industry: publishing, telecommunications, assembly operations Small Scale: Matching fund grant pool Low interest revolving loan fund
- Small Scale Industry: publishing, telecommunications, assembly operations Small Scale: Matching fund grant pool Low interest revolving loan fund