Siloam Springs Gets Downtown Jumpin' Again (Main Street Preservation | Winner, Between 5,000-20,000)

by Arkansas Business Staff  on Monday, Dec. 9, 2013 12:00 am  

In 2010, Main Street Siloam Springs came up with a plan to spur business growth downtown and fill up those streetscape vacancies.

“The strategy was twofold — incentivize and encourage downtown restoration, and host events that create customer traffic downtown,” Bergstrom said. “With this clear vision to communicate to investors, the Main Street budget grew from $50,000 in 2010 to $100,000 in 2012 with the help of corporate donations, event sponsorships and project grants.”

The organization created the annual Façade Grant Program that provided up to $1,000 in matching funds to three or more participants to restore or renovate building exteriors. So far, the program has awarded seven businesses with matching funds to help cover the costs of awnings, painting, signage and more.

A volunteer design committee was created to provide some of the façade detail work, and its work resulted in the creation of a design and style handbook for downtown business and property owners to use as a resource for future projects.

In addition, the group’s “Real Estate Hot Sheet” lists vacant properties for potential entrepreneurs and investors.

It boils downs to this: Main Street Siloam Springs and its neighbors decided to roll up their sleeves and help downtown realize its true potential. Their work may not be done, but one thing’s for sure. In downtown Siloam Springs, the joint is jumpin’ again.

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Did the Fed make the right call on interest rates?