Benefits

Who Benefits from a Revitalized Commercial District?

Merchants	Greater opportunity for growth & expansion Expanded customer base Less financial risk

Property Owners	Stable or higher rents Increased occupancy rates Improved marketability of property Higher property values

Financial Institutions	Expanded business customer base Expanded residential customer base Improved public image & goodwill Fulfillment of community reinvestment mandate

Professional & Service Businesses	Ready-made customer base of district employees Location near government, banks, post office, and other institutions Nearby amenities for clients & staff

Chamber of Commerce	Potential new member businesses Healthier overall business climate Potential partnerships on joint projects

Residents	Local accessibility to goods & services Opportunity for volunteerism & leadership development Preservation of community for future generations More employment opportunities Stronger tax base to support other community aspects (schools, parks, etc.)

Local Government	Increased sales & property tax base Protection of property values & infrastructure investment Reduced cost of services, such as police & fire Reduced chance of sprawl

Community Partners	Improved quality of life in the community New membership potential among residents Achievement of common goals Preservation of community history

Schools	Youth involvement in civic projects Use of commercial district as “classroom” for school projects Potential employment & business opportunities More places to go & activities for youths

Businesses Outside the Commercial District	Increased visitor traffic to the community Improved municipal services throughout community Increased business from overall healthier economy Additional amenities for employees & clients

Industry	Improved quality of life makes recruiting & retaining employees easier

Source: National Trust for Historic Preservation