1 / 12

Kentucky Main Street 2010 Trends Survey Results

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

satya
Download Presentation

Kentucky Main Street 2010 Trends Survey Results

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Kentucky Main Street 2010 Trends Survey Results

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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!

  7. 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

  8. 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.

  9. 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

  10. 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

  11. 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

  12. 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

More Related