Main Street advocates are commonly asked by city governments and businesses, “Why should we invest in downtown?” In response, here are a few reasons why your downtown neighborhood commercial district is an important and worthwhile investment in the economic health and quality of life in your community.
- Main Streets are a symbol of community economic health, local quality of life, pride, and community history. These are all factors in industrial, commercial, and professional recruitment.
- A vital Main Street retains and creates jobs, which also means a stronger tax base. Long-term revitalization establishes capable businesses that use public services and province tax revenues for the community.
- Main Streets are a good incubator for new small businesses – the building blocks of a healthy economy. Strip centers and malls are often too expensive for new entrepreneurs.
- A vital Main Street area battles sprawl by concentrating retail in one area and uses community resources wisely. Tax dollars have already been spent on existing infrastructure; reuse of land in downtown protects precious greenfields.
- A healthy Main Street core protects property values in surrounding residential neighborhoods.
- The traditional commercial district is an ideal location for independent businesses, which:
- Keep profits in town. Chain businesses send profits out of town.
- Support local family businesses owners.
- Support local community projects, such as ball teams and schools.
- Provide an extremely stable economic foundation, as opposed to a few large businesses and chains with no ties to stay in the community.
- A revitalized Main Street increases the community’s options for goods and services whether for basic staples like clothing, food and professional events or housing and entertainment.
- Main Streets provide an important civic forum, where members of the community can congregate. Parades, special events, and celebrations held there reinforce a sense of community. Private developments like malls can and do restrict free speech and access.
- Main Street districts become tourist attractions by virtue of the character of buildings, location, selection of unique businesses, and events held there.