kentucky main street 2010 trends survey results. ky #1 state responding to national main street 2010...
DESCRIPTION
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, % has budget $30,000 - $59, % 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 oldTRANSCRIPT
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
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 budget44.1% has budget less than $30,00020.6% has budget $30,000 - $59,00011.8% 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 old11.8% are programs 15 years old 8.8% are programs 12 years old8.8% 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 volunteers40.7% KY Main Street cities noted increase # of participating businesses44.4% KY Main Street cities noted increase in # of partners33.3% KY Main Street cities noted increase in # of members
Old is the New GreenHere 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 improvementLimited # of projects and expectations We do a lot more to help retain businessesChamber, 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