Economic Restructuring

Main Street communities identify economic goals and create a step-by-step method to strengthen the economic base of the downtown. Market analysis finds new directions and opportunities for existing companies and startup businesses.

The job of the Economic Restructuring Committee is to identify new market opportunities for the traditional commercial district, find new uses for historic commercial buildings, and stimulate investment in property.

The Committee's responsibilities are:

*Learning about the district's current economic condition and identifying opportunities for market growth
*Strengthening existing businesses and recruiting new ones
*Finding new economic uses for traditional Main Street buildings
*Developing financial incentives and capital for building rehabilitations and business development
*Monitoring the economic performance of the downtown

For many towns, business recruitment is a first priority. "Main Street" experience shows that a greater importance be placed on strengthening existing enterprises. A bustling downtown is the best magnet for new business growth. There is no finish line in this race. Economic restructuring (E.R.) is an on-going process. The journey to discover the best mix of retail, wholesale, service and light manufacturing businesses for your downtown is a great ride.

E.R. services include committee training; individual, confidential business consulting; local workshops - on customer service, asset management, business planning, market development and more; pro forma analysis training and step-by-step market analysis guides.