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.
- Community engagement planning: old way vs. Idea Friendly way - October 3, 2021
- Boost your maker economy with a “Made in” day - September 17, 2021
- How a ghost town made something from nothing with a folk festival - September 3, 2021
- Rural business idea: sell foraged fruits and more - August 3, 2021
- Best practices for rural housing - July 19, 2021
- How to be more open to new ideas #IdeaFriendly - July 3, 2021
- Market your small town as a movie filming location, attract movie and game fan tourists - June 28, 2021
- Survey of Rural Challenges 2021 results, analysis of themes from 2015 through today - June 7, 2021
- What makes a small town a micropolitan or nanopolitan? - May 22, 2021
- Improving Rural Housing: turning blighted dilapidated houses into new homes - May 7, 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!