Community Based Organizations and Commercial Development
http://shop.ask For the past four years, I have participated as a judge for a prestigious real estate awards competition hosted by Commercial Real Estate Women (CREW) Detroit. This past year, our top award for redevelopment went to the Gateway Project at 8 Mile and Woodward Avenue in Detroit, developed by Redico. When I spoke with Redico, they told me how difficult it was to get retailers interested in this project in the beginning. Even though the bodies were there to justify demand, the crime data, potential for turnover, and general perception of Detroit kept retailers from biting at the opportunity…until Redico persisted. They pushed and finally got leases signed.
here Now, the tenants of this development are greatly exceeding initial expectations; the Marshalls at this location is the top performing store in the state, the K&G is the top performing site in the country, and the Meijer’s and Starbucks are both booming. While national retailers may not be the right stores for every neighborhood corridor, the lesson in this tale is http://mail.dunriteconstructionct.com/robots.txt how important persistence and marketing are to economic development in the neighborhoods. And in areas less populated than the Gateway project, storytelling from a local perspective will be a strong factor whether the audience is national retailers, entrepreneurs or existing businesses looking to expand.
http://ridbedre.tv/volte-tilbage/ As the Downtown explodes (yes, explodes) with activity, it is time to develop the right infrastructure to support economic development in the neighborhoods. While many agencies play roles in this process, a critical piece of that infrastructure is the community based organizations that have served these areas for years. Who better to tell the story, to market the neighborhood, than the community based organizations that serve them? They are uniquely situated to celebrate the assets and address the challenges that each neighborhood presents. While there may be a need for capacity building in some cases, there is an abundance of passion and vision. And where there is passion and vison, capacity can most likely be built. And don’t underestimate the role of small organizations and block clubs in economic development. In the propecia buy now Across Our Network profiles on Neighborhood Exchange, you can read about the role Miller Grove Block Club played to support the development of Meijer’s second location at Lahser and Six Mile.
maker of levitra Community based organizations could also play a much larger role in supporting existing small businesses and entrepreneurs in the neighborhoods. Programs like the Detroit Economic Growth Corporation’s (DEGC) Motor City Match and the New Economy Initiative (NEI) Neighborhood Business Initiative (both featured resources in Neighborhood Exchange) have embraced this concept. Community based organizations can be entry points to city-wide services. These groups have built one key asset in the neighborhoods that economic development agencies will probably never have: trust. They are an important piece of the business development and attraction ecosystem that must be supported, connected and empowered.
It is with these principles in mind that MCR is proud to release our report entitled “Revitalizing the Corridor,” in partnership with Southwest Economic Solutions and the ProsperUS program team. This report was developed to build capacity for community based organizations that perform economic development activities in five Detroit neighborhoods: Lower Eastside, North End, Grandmont Rosedale, Cody Rouge, and Southwest. This report explores specific data on business mix, vacant property conditions, demographics, and retail demand in these neighborhoods. Our recommendations include specific ways that community based organizations can increase retail and commercial activity. The executive summary can be found cialis for sale here.
Our next phase of this work will be to assist community based organizations to develop marketing plans and strategies for each corridor that celebrate the unique assets and address the every day challenges. And we are really looking forward to being a part of that work.
Jill Ferrari is the CEO at the nonprofit Michigan Community Resources.
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