Main Street Program Reports $4.08 Billion Since Inception
The Transylvania Times
August 25, 2021
Capital is pouring into revitalizing small-town central business districts like downtown Brevard. The NC Commerce Department reports nearly $454 million in public and private investment arrived at communities participating in the state’s Main Street and Small Town Main Street programs in 2020-2021. “Throughout the pandemic, we have seen communities rolling up their sleeves and working harder than ever to spur investment, retain businesses and jobs, and work one-on-one with new entrepreneurs,” says Liz Parham, Director of the NC Main Street and Rural Planning Center, a program of NC Commerce. Business growth and job creation are up sharply over last year, which is evidence of Main Street’s resiliency, Parham says. Since the creation of the Main Street Center in 1980, more than 7,000 buildings have been rehabbed in participating communities and job growth has exceeded 30,000. “These investment numbers represent a local commitment to small and medium-sized communities, the tremendous development that is occurring across our state, and the impact that the Main Street program has on economic development,” says NC Commerce Secretary Machelle Baker Sanders.
Read more here.