Dept. of Commerce: Main Street Program Reports Downtown Investment of $61.5 Million in 2002-03
Tony Hozeny, 608/267-9661
MADISON- Businesses, communities and individuals interested in learning about the Wisconsin Main Street Program can now receive The Wisconsin Main Street Annual Report 2003, a free publication detailing its activities for the past year. The report also lists the program's 2002-03 reinvestment statistics. The Main Street Program promotes the historic and economic redevelopment of traditional business districts in Wisconsin.
"This program is playing a vital role in the economic success of our state through the growth of our downtowns," said Commerce Secretary Cory L. Nettles. "The report highlights the work being done by Wisconsin's Main Street communities and gives a glimpse into the benefits that can come from participation in its initiatives."
Communities participating in the Department of Commerce's Main Street Program reported total downtown public and private investment of $61.5 million. There were 212 new businesses started that helped to create 839 new jobs. Since the program began in Wisconsin in 1987, $518.8 million has been reinvested in participating communities. For each state dollar invested in the program, Main Street communities have seen a return of $41.46.
The Wisconsin Main Street Annual Report 2003 provides background information on the Main Street Program and highlights several successful downtown projects in the areas of design, organization, economic restructuring and promotion. The report includes a Main Street directory.
Each year, the Department of Commerce selects communities to join the Main Street program. The Wisconsin Main Street Program provides technical assistance to local, central business district redevelopment projects.
For copies of The Wisconsin Main Street Annual Report 2003, contact the Bureau of Downtown Development, Commerce, 608/266-7531. For more information on the state's Main Street Program, contact Jim Engle, Department of Commerce, at 608/267-0766.