1 / 12

Economic Development Update

Economic Development Update . March 2009. Retail Development. Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading grocer and other small to mid-size retailers.

chace
Download Presentation

Economic Development Update

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. Economic Development Update March 2009

  2. Retail Development • Cumberland Crossing • Property owners are actively seeking financial partners and replacement anchors to compliment a leading grocer and other small to mid-size retailers. • ED offering support in marketing efforts to harvest national relationships.

  3. Retail Development • Willowbrook Marketplace • Remaining property owners are willing to reassemble the parcels to proceed with retail development • Continuing to keep updated information in front of other potential developers.

  4. Downtown • Business Resource Center (BRC) space is being “gifted” back to SCORE and SBDC to expand and increase services to the community. • ED will relocate and share office space with DBED at 138 Baltimore Street. • Mark’s Daily Grind is now Mark’s Cafe. • Maryland Treasures is open next to Kauffman’s Music . • Calico Corners is welcoming new clients through local representatives and is beautifully featured in the store windows of Peskins.

  5. Downtown Movement • BC/BS expansion and relocation into the McMullen Building • Chessie Credit Union expanding into Elizabeth Ann’s space • Elizabeth Ann’s is moving to a new space on Mechanic Street near Carmichael’s

  6. Potential Projects • A special needs educational service • A new restaurant concept similar to Boston Market set-up • A recycling facility • A discount retailer • Eighteen business licenses issued since October 2008 to the present

  7. Virginia Avenue Revitalization • HRDC and Regional Eye Center construction underway. • Rite Aid construction to begin late June/early July. • Maple Street count to DHCD • 85 residential • 22 apartment • 105 commercial • 3 exempt commercial

  8. VA Avenue Code Compliance • 10-year forgivable loan funded by the State of Maryland Community Legacy Program • Three residential @ $10,000 • Two rental @ $8,500 • One commercial @ $25,000 • Applications reviewed and candidates selected • Recommendations being considered by the Historical Trust Review • Construction must be completed by the end of June

  9. Arts & Entertainment District • Arts Flash • 2009 Mountain Maryland Artists Studio Tour being planned • New Mountain Maryland Plein Air Event • Scheduled to be held May 26 through May 30 • Exhibition and art competition that will showcase the talents of 30 “plein air” painters from around the country.

  10. Meetings, meetings and more meetings! • Developing strong external relationships is key to the success of ED – we all need to work together! • Actively partner on the following committees: • County Tourism Selection • Canal Place Heritage Area Grants • CACIF Retail Development • Mountain Maryland Trails • Chamber of Commerce Economic Development • TGCC – Partners in Progress • Wellness Coalition

  11. Reminder • Economic Development projects are extremely confidential in nature and success in many instances is largely based on trust. • Thank you for your cooperation.

More Related