Reader Carie Fuhrman, with the City of Princeton, Minnesota, shared this story on our contact form. Great stuff! –Becky
By Carie Fuhrman
|Downtown Princeton, MN
Photo courtesy of City of Princeton staff.
I’d like to tell you about what the Princeton, MN (pop. 4,698) community is doing to revitalize their downtown and help small business owners and entrepreneurs.
The Princeton community is offering an incentive package worth up to $20,000 for up to three winning businesses that will open in downtown Princeton by September 1, 2013. The package includes a $10,000 forgivable loan through the City, $6,500 worth of in-kind services from local businesses, and two landlords that are offering reduced rents for a period of time.
Details can be found at www.experienceprinceton.org under the It Starts Here Challenge.
This has been a collaborative effort between the existing businesses, Chamber of Commerce, City of Princeton, and interested residents working together to save our downtown, and we are really looking forward to the unique business possibilities that will come from this project to enhance downtown Princeton.
We modeled the challenge after a similar effort in Biddeford, Maine. I have spoken with their staff person, and they are very happy with the results from their project.
- Making evening hours profitable for small town retail stores - September 26, 2016
- Getting past the quote stage - September 19, 2016
- How to attract location-independent workers to small towns - September 12, 2016
- Catching the tourists before they head out for the day - September 6, 2016
- The small towns that survive will be the ones that are open to new ideas - August 29, 2016
- The secret to rural jobs creation: connections - August 22, 2016
- The beliefs I start with - August 15, 2016
- Warning: Are you breaking the law by gathering email addresses? - August 8, 2016
- How do you get merchants to work together? - August 1, 2016
- No, really, my business needs a new sign - July 25, 2016