Economic Development Committee

Mission:

The Economic Revitalization Committee works to develop and implement an economic strategy to distinguish Barracks Row Main Street as a successful commercial corridor, to provide sustainable business opportunities for the merchants, and to create job opportunities, especially for local residents.

DSCN0544Jim Wright, Chair

Activities & Achievements to Date:

  • Created a partnership with University of Maryland Graduate School of Business and worked with the Masters Class for Community Public Relations to create a complete public relations plan for Barracks Row Main Street
  • Hired Bolan Smart Associates to revise the retail market analysis with a focus on current status and future potential of the Barrack Row Main Street
  • Developing a revised retail marketing brochure summarizing the report findings
  • Completed an in depth, detailed, study of the commercial spaces on Barrack Row including complete owner and business operator lists and floor plans for major buildings
  • Created a database of all properties and contact information for each owner and business operator resulting in Barracks Row Main Street Office becoming a clearinghouse for commercial activity on Barracks Row.
  • Established regular communications program for the businesses and owners
  • Created below market financing programs for facade improvements and business expansion on Barracks Row
  • Established relationships with important commercial real estate brokers resulting in DC Builders Industry Association Retail Tour and GWCAR RealTour focus on Barracks Row
  • Recruited 43 net new businesses to Barracks Row and acted as a catalyst for several existing business expansions