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Main Street communities generate $59.8M

Posted on Monday, March 31, 2014 at 2:59 pm

Main Street Art Statistics --The Tennessee Department of Economic and Community Development announced last week the 2013 Economic Impact and Reinvestment Statistics from 23 Tennessee Main Street communities for activities occurring between Jan. 1, 2013 and Dec. 31, 2013.

These Main Street communities generated more than $59 million of public/private investment in 2013 and continue to be a vital part of the state’s economic and cultural identity.

“Tennessee’s Main Street communities are some of the state’s most valuable and treasured resources,” Economic and Community Development Commissioner Bill Hagerty said. “These job growth and investment numbers reinforce the importance of our Main Street program in bolstering economic growth while allowing communities to develop productive initiatives that support job creation, downtown revitalization and the long-term success of our state.”

Tennessee Main Street provides technical assistance and training for communities in developing real-world solutions to make downtowns safe, appealing, vibrant places where folks want to shop, work, live, invest and make memories.

Other reinvestment statistics from the designated Main Street communities reporting include: Net new jobs: 646; Net new businesses: 182; Building rehabilitation projects: 273; Public improvement projects: 126; Net new housing units: 173; Volunteer hours contributed: 88,036; Total public/private investment: $59,807,753.

“The annual reinvestment statistics make a strong statement about the economic activity occurring within our Tennessee Main Street program districts,” Tennessee Main Street Program Director Todd Morgan said. “New jobs, businesses and investment, along with an impressive number of volunteer work hours, prove this community-based approach to downtown revitalization is hard at work.”

There are currently 26 designated Main Street program communities across Tennessee. The following 23 were included in these reinvestment statistics: Bristol, Cleveland, Collierville, Columbia, Cookeville, Dandridge, Dayton, Dyersburg, Fayetteville, Franklin, Gallatin, Greeneville, Jackson, Kingsport, Lawrenceburg, McMinnville, Morristown, Murfreesboro, Ripley, Rogersville, Savannah, Tiptonville and Union City. The remaining three communities — Jonesborough, Lebanon and Sweetwater — were not included, because newly designated programs are recommended to receive accreditation from the National Main Street Center after successfully completing one full year of participation and statistics are only reported from accredited communities.

Tennessee Main Street is currently working with six communities through the affiliated Tennessee Downtowns program: Clifton, Greenfield, Portland, Tracy City, Waynesboro and White Bluff. Applications for Tennessee Downtowns Round 4, which will begin in July 2014, are due by April 30.

Tennessee Main Street is a coordinating partner with the National Main Street Center. Designated communities are required to meet national accreditation standards annually, which include illustrating broad-based community support for the program, development of a comprehensive work plan, a sufficient operating budget and professional staff with volunteer support.

For more information about the Tennessee Main Street Program, please visit www.tennesseemainstreet.org. For more on the National Main Street Center, visit www.mainstreet.org.