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.
Thank you!
Carie Fuhrman
New to SmallBizSurvival.com? Take the Guided Tour. Like what you see? Subscribe.
- Metaverse business idea: virtual world tour guide - April 15, 2022
- Make extra money from extra workspace: co-working and 3rd workplaces in small towns - March 28, 2022
- Trade show booth design trend: hand drawn visuals - March 21, 2022
- New business sign design? Don’t use cursive script - February 14, 2022
- Way more people prefer rural than urban, new Pew Research study finds - February 1, 2022
- Top 5 Rural and small town trends 2022 - January 3, 2022
- How to start a real small small business - December 17, 2021
- Tip for better pop-ups and shed businesses - December 5, 2021
- Small town business idea: cat grooming - November 15, 2021
- Community engagement planning: old way vs. Idea Friendly way - October 3, 2021
This is good collaborative effort that has indeed a great probability of succeeding which will definitely benefit the people of Princeton.
I agree, a great endeavor that should be pursued as well by other aspiring under-developed areas.
Great idea!