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Executive Director, Beverly Main Streets

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1 Executive Director, Beverly Main Streets
Gin Wallace Executive Director, Beverly Main Streets

2 About Beverly… Pop: 40,000 Median income: $74K Avg home price: $385K
Job growth up 18% Top 4: health care, ed, adv mfg & tech / creative Higher %age of non-family households than Essex County and state; attracting millennials and empty nesters Median income higher than county and state; Nearly 40% earn $100K + 65% over age 25 have bachelor’s; 20% have masters + Job growth up 18% since 2000 with higher paying jobs outpacing all other categories – beats county and state Top 4 industries are health care, education, advanced manufacturing and tech/creative – epicenter of the NS Life Sciences Cluster with 60 clean tech and biotech companies 24 miles north of Boston with 8 miles of coastline 5 commuter rail stations, 5 exits off Rt 128, airport & marina 2 colleges, 3 historic theaters, 4 historic districts Beverly Arts District (BAD) designated in 2015 391 downtown businesses with room for more!

3 The Main Streets Model ECON DEV DESIGN PROMOTION ORGANIZATION
Leverage your unique assets Do 100 little things at once… but what things? City Events Private

4 2010

5 Downtown 2020 We needed a shared vision
Hired an outside expert; created D2020 4 goals: retail, arts, development, stability Used the plan to engage private donors Hired staff to ramp up events Strong board, 2 staff, 125+ volunteers Received an NEA grant to create a master plan for the cultural district Received MCC designation in 2015 Building a sustainable financial model and a physical identity for BAD City Events Private

6 Public – Private Partnerships
Mayor + City Council Services agreement with City Help design & fund projects Collaborated on zoning for live / work spaces, brew pubs, waterfront development, parking Weigh in on downtown design Leverage MDI and MCC

7 Public

8 Private

9 Events

10 Outcomes 20+ new retailers, thriving restaurants
2 historic theaters saved Vacancy rates are low 700 new housing units downtown Infrastructure projects are funded We’re being BAD Our 6 major events attract thousands We’ve stayed focused on 4 goals “It’s clear that Main Streets has had an extraordinary impact on the vibrancy of downtown.”

11

12 We hope to see you downtown!


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