June 2009

Spotlight on Economic Recovery

With the passing of the American Recovery and Reinvestment Act of 2009 (ARRA) in February, city leaders have diligently been assessing local opportunities by funding category. While planning for federal funds, a major factor to keep in mind in both the planning process, and the reporting process after funds have been awarded, is accountability.

Under the umbrella of the ARRA are neighborhood stabilization programs, brownfields initiatives and HUD projects. Cities must perform due diligence to prove investments are fully vetted and are appropriate use of taxpayer money. For instance, if your city leaders decide to apply for neighborhood stabilization funding, there must be an overall assessment of the neighborhood in need of funding. This assessment should include, but is not limited to:

  • Overriding potential of neighborhood
  • Examples of how the area is underserved
  • Gaps in basic public services & how they can be filled
  • Need for basic retail services such as grocery
  • Identify the potential for job creation
  • Access to healthcare services & how this can be addressed

Read more on Economic Recovery

Retail Marketing Brochure Tips

Public sector clients of Buxton were able to display one-page retail promotion brochures in a special rack in the Buxton booth at ICSC RECon in May.  We reviewed the brochures submitted by 60 cities and selected features that  made the brochures effective marketing pieces.

We did not focus on graphic design. There were obvious design differences in pieces that appeared to be professionally developed versus those that were produced in-house. Also the use of color made individual pieces more attractive, but color was not considered in this critique.

Our objective was to look at content with particular emphasis on features that conveyed the benefits of a community to a retailer or developer.  Features that we found effective communication tools were those that showed potential sales volume and growth. 

Here are examples:

Using Leakage to Gain Attention:  Richmond, Indiana uses retail sales leakage by store types to draw attention to possible sales volume.

Population and Location.  Yorba Linda, California positioned the city in proximity to major urban areas in Southern California and its significant population growth through 2020 as factors attractive for retail development.


View more Retail Marketing Brochure Samples

Resources

Periodically Buxton will partner with a municipal league to host seminars, conferences or webcasts. On June 24 we are partnering with the Texas Municipal League to host a webcast titled “Positioning Your City For Retail: Recruiting The Retail Development Partner.”
To register, click here.

Texas Municipal League Webinar: Positioning Your City for Retail
June 24, 2009
10:30 am CT
Register for this Event

ICSC Rocky Mountain Idea Exchange
July 15, 2009
Come to our panel session at 10:30 am:
Public/Private Retail Retention and Recruitment Strategies: Cooperating to Reduce Retail Vacancies

Florida League of Cities 83rd Annual Conference
August 13-15, 2009
Come by Booth 59
Make an apointment to meet at FLC Conference

 
 

Public Sector experiences success this year, according to Buxton

Moorpark contracts with firm to devise retail development plan

The stimulus next door (See page 18)

Salinas City Council approves economic plan

Local officials hope that what happened in Vegas won’t stay there

Retail Economic Development Blog

View Recorded Webcasts

Past Enewsletters

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