The job of the Economic Restructuring Committee is to identify new market opportunities for the traditional commercial district, find new uses for historic commercial buildings, and stimulate investment in property. The Economic Restructuring component of the four-point approach involves identifying new downtown business opportunities, helping existing businesses expand, finding new uses for vacant buildings, converting upper stories to housing, office or commercial space, and improving downtown business management techniques.
The Economic Restructuring Committee must develop a thorough understanding of the district’s economic condition and its best opportunities, focusing on incremental changes that gradually improve the area’s economic foundation and eventually make large-scale investment possible. Some Economic Restructuring Committee’s goals are:
Learning about the district’s current economic conditions and identifying opportunities for market growth
Strengthening existing businesses and recruiting new ones
Finding new economic uses for traditional Main Street buildings
Developing financial incentives and capital for building regulations and business development
Monitoring the economic performance of the district
For more information or to join this important committee please call Main Street Hanford’s office at 559-582- 9457.