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Kentucky Main Street 2010 Trends Survey Results. KY #1 state responding to National Main Street 2010 Survey. 34 KY Main Street Cities participated in this national trends survey. 70.6% of the KY cities participating had populations under 2,500
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KY #1 state responding to National Main Street 2010 Survey • 34 KY Main Street Cities participated in this national trends survey. • 70.6% of the KY cities participating had populations under 2,500 • Majority of KY cities had 0-99 buildings and less than 50 businesses in their downtown
Who Participated in the Survey? • KY Cities that responded 79.4% work for a Main Street non-profit and 20.6% are local government employees • Current budget • 44.1% has budget less than $30,000 • 20.6% has budget $30,000 - $59,000 • 11.8% has budget $60,000 - $89,999 • How old is your revitalization organization • 14.7% are programs 10 years old • 11.8% are programs 20 years old • 11.8% are programs 15 years old • 8.8% are programs 12 years old • 8.8% are programs 25 years old • 8.8% are programs 4 years old
Is your Main Street Organization establishing a niche’ ? 33.3% KY Main Street cities are currently working to define a downtown niche 33.3% KY Main Street cities have plans to define a downtown niche 20% KY Main Street cities have an established downtown niche Are you targeting a defined/focused segment of potential customers or products/services
KY Main Street efforts and successes in helping businesses in your downtown grow during 2010 65.5% KY Main Street cities increased their assistance in helping businesses improve, reposition, expand 34.5% KY Main Street cities maintained their same level of services helping downtown businesses 58.6% Ky Main Street cities increased their efforts to recruit new businesses downtown during 2010
2010 trends emerging among the entrepreneurs in your downtown • 43.3% KY Main Streets have experienced increase in the # of Boomer entrepreneurs • Only 26.7% KYMS cities have increased younger entrepreneurs (under 30) • A whooping 53.3% of KY MS cities have increased female entrepreneurs • Most impressive figure is 60% of entrepreneurs in KYMS cities are persons new to the community!
How has your community support for revitalization efforts changed in 2010 ? • 33.3% KY Main Street cities noted increase in # of volunteers • 40.7% KY Main Street cities noted increase # of participating businesses • 44.4% KY Main Street cities noted increase in # of partners • 33.3% KY Main Street cities noted increase in # of members
Old is the New Green Here is a growing market opportunity Entrepreneurs selling “green” products and services Only 20% of KYMS cities noted an increase during 2010. Entrepreneurs “greening” their products/services Only 30% of KYMS cities noted an increase during 2010.
Housing Development Remains the Same in 2010 • In KYMS cities noted the demand for downtown living 70% stayed the same 23.3% increased demand 3.3% decreased demand • In KYMS cities noted developer interest • 73.3% stayed the same 16.7% increased demand 6.7% decreased demand • In KYMS cities code/ordinance barriers • 86.7% stayed the same 10% barriers increased 3.3% barriers decreased
Downtown Real Estate Changes during 2010 • What about KYMS cities commercial space rents • 63.3% stayed the same • 30% increased rents • 0% decreased rents • What about business openings and closings • 66.7% KYMS cities reported 1-4 business openings during 2010 • 60 % KYMS cities reported 1-4 business closing during 2010
How has the recession altered your scope of Main Street work • Scope has not changed, but implementation has been drastically altered • Expanding our area of improvement • Limited # of projects and expectations • We do a lot more to help retain businesses • Chamber, MS, Industrial Foundation, Tourism is handled under the City
Please share an “out of the “ordinary” thing or your biggest successes relating to the 4 points • Organization • We take every opportunity to capture customer info and we conver • A newly formed partnership with Tourism • Strategic Planning and Five strategies that were established for 2011-2015 • Bring more members to our program with new ideas, talents and hope for our future • Seeking more and larger businesses • Our membership has grown so much this year – 30 new members • Historical walk thru downtown • Membership has grown • Seeking larger and more