Connecticut Main Street Center (CMSC) Designated Main Street members reached a significant milestone recently when they surpassed the $1 billion investment mark. This impressive figure represents the cumulative investment in CMSC Designated Programs since the program began in 1995. The number becomes even more remarkable when considering the strong growth maintained during the height of the Great Recession. Since 2007, the number of net new businesses in these communities increased by 21%, while the number of net new jobs increased by 29%. There are currently five Designated Main Street Programs: New London Main Street, Simsbury Main Street Partnership, Westville Renaissance Village Association (New Haven), Waterbury Main Street and Upper Albany Main Street (Hartford).
“Even in this challenging economic climate our Main Street programs are continuing to experience significant investment in their respective districts. It is encouraging to see major institutions investing in facilities and private developers creating more housing in these main street districts,” said CMSC President & CEO John Simone.
Read the full press release here.