Main Street Oakland County marks $540M in investment

Main Street
Oakland County recently celebrated its 10th anniversary with some
impressive numbers in its 11 downtowns.

  • $540 million of investment
  • More than 4,000 jobs created
  • 407 new business established
  • Over 2.7 million square feet of floor space
    (primarily retail)  constructed
  • $6 million-plus in cash sponsorships for events and programs
  • More than 129,000 volunteer hours


And those downtowns don’t include two of
the county’s most vibrant — Birmingham and Royal Oak. Main Street
Oakland County includes downtowns in Farmington, Ferndale, Franklin,
Highland, Holly, Lake Orion, Ortonville, Oxford, Pontiac, Rochester and
Walled Lake.

It’s all part of Oakland County Executive L Brooks
Patterson’s vision of diversifying the economy so it can become more
resistant to economic downturns.

Bob Donohue, program director for Main Street Oakland
County
, says
that developing
and redeveloping property and businesses in the
county’s urban centers is a “key part” of its overall economic policy.
Accomplishing this includes creating a sustainable environment that
emphasizes making the most of a downtown’s assets through practices like
historic preservation.

For instance, Main Street Oakland County
communities generated $19 million in new investment and attracted 19
businesses that created more than 300 jobs last year. Although the
construction of 11 new buildings played a part, the renovation of 237
others proved to be the main driver of that economic opportunity.

Source:

Bob Donohue, program director for Main Street Oakland County
Writer:

Jon Zemke