Surveys & Interviews
Qualitative data can assist communities to identify key concerns regarding real estate, finance, workforce, business operations, and property conditions to target initiatives.
Asset Inventory
To better understand the complexity and nuances of the business community and how local institutions and community are interconnected, communities may explore economic, social, natural, and physical assets.
Designated Corridors
With the areas identified from the mapping, surveys and interviews, communities can identify at risk commercial areas and designate special corridors where policies and programs can be implemented.
Zoning Restrictions & Incentives
Once key areas facing commercial displacement have been identified, communities can use zoning to create urban and suburban forms that can assist in maintaining some small businesses.
Owner Occupancy
By controlling the property in which they are located, small businesses do not have to manage increases in rents or lease negotiations.
Property Improvement Grants
As part of a Business Improvement District, Community Improvement District, or identified corridor, localities can administer a matching façade or sign grant or loan program.
Lending Support
Communities can work with local lenders and financial organizations to address capitalization needs to support longer leases or property ownership. Communities can partner with these financial institutions that emphasize investment in these corridors.
Cultural & Legacy Grants
Communities may offer a cultural or legacy business grant to support the long-term stability of those businesses.
Business Relocations (Temporary & Permanent)
As properties are redeveloped, there may be opportunities for businesses to return to the site or to relocate nearby.
Employment Assistance
Small businesses are under pressure more than ever to find and maintain quality employees.
Legal, Financial, Real Estate Professional Resources
Many small businesses lack the detailed and expert knowledge in the field of legal, financial, or real estate.
Housing Displacement
At the crux of commercial gentrification is the changing demographics of a community.
Community Engagement Networks
A strong business community and identity can stave off commercial gentrification through collaborative and cooperative actions. Communities can encourage small businesses to participate in local business associations.
Real Estate Advisory Committee
As available real estate changes rapidly, the community cannot easily keep up with inventory that might accommodate impacted small businesses on a temporary or permanent basis.