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Main Street Arkansas Releases 2018 Economic Development Numbers

Arkansas Historic Preservation Program - Wednesday, April 10, 2019

Main Street Arkansas proudly releases its 2018 Economic Development Numbers. These numbers reflect the growth of the Main Street communities around the state taking part in the nationally recognized Main Street America program that bases success on the four points of Economic Vitality, Design, Promotion, and Organization.


“Main Street Arkansas was founded in 1984, as part of the Arkansas Historic Preservation Program,” says Stacy Hurst, director and state historic preservation officer for the Department of Arkansas Heritage. “I recently met with our Main Street Directors and enjoyed hearing the success stories from each of their communities. We are looking forward to continued growth in these historic downtowns in 2019. But for now, the 2018 economic development numbers are outstanding and worth celebrating.”

INVESTMENT

Facade Renovations, Building Rehabilitations and New Construction Projects…..…………..181

Total Investment in Renovations, Rehabilitations and New Construction…………..$136,478,039

Public Improvement Projects………………………………………………………………….....51

Total Investment in Public Improvement Projects……………………………………...$1,977,432

BUSINESS DEVELOPMENT

Net Gain in Businesses…………………………………………………………………………..62

Business Expansions and Relocations into Downtown……………………………………….....37

JOB GROWTH

Net Gain in Jobs………………………………………………………………………………..306

VOLUNTEER PARTICIPATION

Volunteer hours spent on downtown revitalization projects………………….……………..24,390

Under the Department of Arkansas Heritage, Main Street Arkansas provides support for the businesses and organizations within the Main Street communities such as advising on façade renovations or interior remodels, grants, and small business consulting. Currently there are 20 Main Street Communities and 17 Downtown Community Networks. The Main Street Communities include:

  • Argenta (NLR)
  • Batesville
  • Blytheville
  • Conway
  • Dumas
  • El Dorado
  • Eureka Springs
  • Helena
  • Jonesboro
  • Little Rock (Downtown Little Rock Partnership & SoMa)
  • Osceola
  • Ozark
  • Paragould
  • Pine Bluff
  • Russellville
  • Searcy
  • Siloam Springs
  • Texarkana
  • West Memphis

While it is exciting to see the numbers for 2018, Main Street Arkansas Director Greg Phillips says looking at the lifetime investment is even more eye opening, “Take a statistic such as net gain in businesses in Main Street communities since 1984, we’re at 1,429; that’s 7,391 jobs. Those are real numbers that show the effectiveness of this program to individuals.” Another staggering figure since 1984, 658,332 volunteer hours spent working on Main Street events and revitalization in these communities across the state.

You can learn more about Main Street Arkansas at www.mainstreetarkansas.com.

 



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