Study: New Mexico MainStreet Achieves Dramatic Success
The New Mexico MainStreet program coordinates the economic development actions of the New Mexico Economic Development Department with the National Main Street Center, Inc. by implementing the National Trust's well-established Four-Points Approach.
Now, a new study by Place Economics provides a full account of the impact of the New Mexico MainStreet program on historic city centers.
From the article by KRWG reporting the study's findings:
"Since the beginning of the program in 1986, for every $1 the State of New Mexico invested in the MainStreet program, MainStreet districts saw private sector investment of $21.89 in building rehabilitation and $22.55 in new construction."
"Nationwide between 2007 and 2011, for every 100 businesses that opened, 103 closed. Over that same period in New Mexico MainStreet districts, for every 100 businesses that opened, only 37 closed."