Economic Restructuring

Strengthening 'the existing economic assets of' the business district while diversifying its economic base. The process begins with two critical steps, undertaken concurrently (1) compiling a -thorough inventory of the district's existing building and businesses-, and (2) conducting a market analysis to provide a profile of the area through an examination of demographic statistics, current economic trends and future projections. 

Armed with the necessary district and market data, activities then include:  retaining, improving and expanding existing business; recruiting new businesses to provide a balanced mix; converting disused space into productive property, and sharpening the competitiveness of the district's traditional merchants.   

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Economic Restructuring Slide Show

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