Tennessee Main Street communities generated $95 million in 2014

1,565 net new jobs created, 171 net new businesses started

April 3, 2015

Tennessee Main Street ProgramThe Tennessee Department of Economic and Community Development announced recently that the 2014 Economic Impact and Reinvestment Statistics from 28 Tennessee Main Street communities have been substantial.

These Main Street communities, which includes Winchester, created more than 1,500 new jobs during 2014 and generated more than $95 million of public/private investment while continuing to be a vital part of the state’s economic and cultural identity.

“Tennessee’s main streets are such an important part of our state’s identity and cultural heritage,” Economic and Community Development Commissioner Randy Boyd said. “Flourishing downtowns provide a sense of pride for our communities, spur tourism and promote entrepreneurship, which ultimately creates jobs.”

Tennessee Main Street provides technical assistance and training for communities in developing real-world solutions to make downtowns safe, appealing, vibrant places where folks want to shop, work, live, invest and make memories.

Other reinvestment statistics from the designated Main Street communities reporting include:

  • Net new jobs: 1,565
  • Net new businesses: 171
  • Building rehabilitation projects: 298
  • Public improvement projects: 248
  • Net new housing units: 54
  • Volunteer hours contributed: 114,807
  • Total public/private investment: $95.5 million

“Annual reports from Tennessee’s 28 accredited Main Street programs demonstrate strong reinvestment in 2014 for the historic commercial cores of Tennessee communities that are making an effort to revitalize their downtowns,” Tennessee Main Street Program Director Nancy Williams said. “It shows that taking good care of downtown reaps economic benefits, including jobs, for the whole community.”

Besides Winchester, there are 27 other designated Main Street program communities across Tennessee including: Bristol, Brownsville, Cleveland, Collierville, Columbia, Cookeville, Dandridge, Dayton, Dyersburg, Fayetteville, Franklin, Gallatin, Greeneville, Jackson, Jonesborough, Kingsport, Lawrenceburg, Lebanon, McMinnville, Murfreesboro, Morristown, Rogersville, Tiptonville, Savannah, Sweetwater, Union City and Ripley.

Tennessee Main Street is working with six communities through the af? liated Tennessee Downtowns program: Arlington, Carthage, Ducktown, Etowah, Jamestown and Shelbyville.

An additional 28 communities have participated in the Tennessee Downtowns program.

Tennessee Main Street is a coordinating partner with the National Main Street Center. Designated communities are required to meet national accreditation standards annually, which include illustrating broad-based community support for the program, development of a comprehensive work plan, a sufficient operating budget and professional staff with volunteer support.

For more information about the Tennessee Main Street Program, please visit http://www.tennesseemainstreet.org.