Vote Your Main Street!

Danville’s Main Street program – the River District Association – is a FINALIST for the 2018 Partners in Preservation: Main Street campaign! You are invited to #VoteYourMainStreet from NOW until Oct. 26 to decide which historic sites along 20 of America’s favorite Main Streets should receive $2 million in preservation funding from American Express.

Partners in Preservation is an initiative created by the National Trust for Historic Preservation and American Express to engage the public in preserving and increasing awareness of America’s historic places and their role in sustaining local communities. Since its inception in 2006, Partners in Preservation has committed over $22 million in support of more than 200 sites.

From the early 1900s through the civil rights movement and beyond, Union Street was first a thriving tobacco warehouse district, and then a mecca for black businesses and entrepreneurship. This project will restore two storefronts to foster continued entrepreneurship and create space for celebrating the area’s civil rights history.

 

 

 

The River District and the city of Danville have made North Union Street an area of particular focus for investment in 2018 and 2019. The city is matching funds received through a Virginia Main Street Downtown Investment Grant to provide grant funding for facade improvements along this corridor. In addition, the organization and the city have also partnered on a Community Business Launch grant through DHCD that will target business recruitment efforts in this area. The Partners in Preservation: Main Street would provide additional resources to not only preserve, but to revitalize this district!

Help Danville to win – Vote Early, Vote Often!

 

Accelerators: Taking Businesses to the Next Level

There is much confusion about the difference between incubators and accelerators, as the prevalence of both types of spaces has dramatically increased over the past 10 years. While both may provide entrepreneurs with similar services such as office space, capital, mentorship and other resources, there are several differences between the two.

Incubators generally do not have a competitive process to select the businesses that they serve, while accelerators do have a competitive process to develop “cohorts” of businesses, and they are typically selected on a cyclical basis. Also, the length of time that a company is located in an accelerator is less than an incubator, as most accelerators want the businesses to graduate within three to six months. Therefore, the assistance provided is very intensive and allows entrepreneurs to learn at a rapid or accelerated pace.

Accelerators also frequently work with angel investors that will take an equity stake in a company once it graduates from the program. This provides the business with capital to take their product to market quickly. Investors are also more interested in businesses that are involved in an accelerator program as they have had a more stringent vetting process as part of the cohort selection.

The benefit of an accelerator program for the business owner is the vast amount of resources that are provided by the accelerator. Accelerators are run by professionals who have helped new businesses overcome many of the stumbling blocks that startups face, as well as the presence of peers that are in the same phase of development. A potential drawback for some businesses is that they generally will need to exchange equity in their company for participation in an accelerator program.

There are several accelerators located in Virginia, including Lighthouse Labs in Richmond, RAMP in Roanoke and Ignition in Williamsburg.

Recognizing the Hard Work on Main Street: The Friendly City Fortune

At the recent 2018 Downtown Intersections in Harrisonburg, we continued our tradition of acknowledging outstanding achievements in comprehensive downtown revitalization efforts through Merit Awards. They recognize the hard work, dedication and success of Virginia’s Main Street communities and their achievements across the four points of the Main Street Approach®.  This is the second in a blog series to highlight each of the seven awards. 

A strong organizational foundation is key for a sustainable revitalization effort.  The focus is on ensuring that all organizational resources – partners, funding and volunteers – are mobilized effectively.  Accordingly, the Outstanding Fundraising Effort award goes to the Main Street organization that has displayed the most creativity and success in securing funds for its downtown projects.  From an effort well-played, Harrisonburg Downtown Renaissance (HDR) Director of Resources Lauren Huber and Executive Director Andrea Dono accepted the award for the Friendly City Fortune mega-raffle.

In 2017, HDR launched the new fundraiser where they sold $100 tickets and awarded $250,000 in prizes, which included cash, vacation packages, outdoor recreation vehicles, and several cars and SUVs.  Prizes were given away during Valley Fourth, Harrisonburg’s Fourth of July celebration hosted by HDR.  The Friendly City Fortune was their riskiest and most successful fundraiser to date. The goals were to earn unrestricted income, to find a new way to raise money from outside of the typical donor base and start being able to fund new and bigger Main Street projects.

Harrisonburg Downtown Renaissance achieved all of these goals and raised nearly $200,000 on top of their other traditional revenue streams.  The success of the inaugural raffle allowed HDR to fund more grants, beautify downtown, support more businesses and build a more sustainable organization.  Through the process, HDR sharpened their marketing skills and learned new ways to reach new audiences. As a result, brand awareness for Harrisonburg Downtown Renaissance and the Friendly City Fortune has hit an all-time high.

Congratulations Harrisonburg Downtown Renaissance (and all the prize winners)!

To learn more>>>

Webinar – Heart and Soul Field Guide: Fostering a Participatory Community

Do your residents and stakeholders feel engaged in their community?  Do they feel heard and included? And how does their engagement translate into stronger organizations and programming?

On Oct. 1, from noon-1 p.m., Virginia Main Street is offering a free webinar focused on a researched and field tested civic engagement method to build, stronger, healthier, and more economically vibrant small cities and towns – Community Heart & Soul.

The best way to build leaders and strengthen economies is to listen to and work closely with the people who live in the community.  The Orton Family Foundation has developed a step-by-step process that proactively includes your community in making decisions and taking action to improve the place where you all live, work, learn and play. This process focuses on getting everyone involved in finding ways to protect, restore, or enhance their community identity – its heart and soul – over the long term.

Speakers:

Caitlyn Davison, Senior Associate of Programs and Marketing, Orton Family Foundation

Leanne Tingay, Senior Associate of Programs, Orton Family Foundation

Autumn Vogel, Community Development Coordinator, My Meadville (Heart & Soul Program)

Register now for this event >>

Can’t join the live event? Register to receive the webinar recording.

“Through Heart & Soul we are finding common ground. Instead of being concerned about our differences, we are moving toward the things we meet on… The growth is going to be beautiful!”

~Annie Cooper, Community Volunteer, Essex, VT

 

Recognizing the Hard Work on Main Street: CenterFuse Co-working

At the recent 2018 Downtown Intersections in Harrisonburg, we continued our tradition of acknowledging outstanding achievements in comprehensive downtown revitalization efforts through Merit Awards. They recognize the hard work, dedication and success of Virginia’s Main Street communities and their achievements across the four points of the Main Street Approach®.  This is the first of a blog series to highlight each of the seven award winners. 

Historic Manassas Inc. Executive Director Debbie Haight accepted the Outstanding Business award for CenterFuse Coworking.  Years in the making and the first in historic downtown Manassas, CenterFuse is both an incubator and co-working space that provides new and emerging businesses with an environment that will support their start-up phase and increase the likelihood of success.  It functions as a for-profit business, but was created by and is under the auspice of Historic Manassas Inc., a 501(c)3 nonprofit corporation and pioneer of the local Main Street program.

CenterFuse focuses on science and technology while cultivating other compatible businesses in the district.  The facility offers flexible leases, shared-use, and common office equipment, direct business assistance, mentoring, networking and access to capital.  The 3,800 square foot space includes a mix of offices, dedicated workstations, and open space for networking.  It also provides a roster of entrepreneurship education and mentorship programs, among others.

Since opening in May 2017, the incubator is seeing steady growth in the participating startup’s business development who will soon be ready to expand or move into vacancies downtown. While rising businesses are in the space, they contribute to an entrepreneurial culture in downtown and to the economic vitality of other local businesses and residential properties.

Congratulations Historic Manassas Inc. and CenterFuse Coworking!

To learn more >>>