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Main Street Arkansas investments top $15 million

Arkansas Historic Preservation Program - Friday, January 27, 2017

LITTLE ROCK—Main Street Arkansas cities recorded $15,398,746 in investments in downtown projects in 2016, Main Street Arkansas Director Greg Phillips announced today. Main Street Arkansas is a program area of the Arkansas Historic Preservation Program, an agency of the Department of Arkansas Heritage.

“Investments in the historic commercial cores of our Main Street Arkansas towns show a renewed commitment to historic preservation around the state,” Department of Arkansas Heritage Director Stacy Hurst noted. “Not only do these projects restore some of our finest historic buildings, they also help create jobs in small towns all over Arkansas.”

Main Street Arkansas cities in 2016 noted 126 façade renovations, building rehabilitations and new downtown construction projects, reflecting investments of $15,398,746. The cities documented a net gain of 34 businesses and 40 business expansions and relocations into downtown areas, creating a net gain of 195 jobs. In addition, there were 33 public improvement projects generated in Main Street Arkansas cities, reflecting $17,737,601 invested in the historic commercial areas. Main Street cities also recorded 13,346 volunteer hours invested in downtown.

Since its inception in 1984, Main Street Arkansas cities have yielded a net gain of 6,413 jobs, a net gain of 1,291 new businesses and 1,194 business expansions and relocations into downtown. A total of $172,156,514 in investment has financed 2,311 façade renovations, rehabilitations and new construction projects. The Main Street cities have seen 958 public improvement projects valued at $42,697,918 and 605,655 volunteer hours on Main Street matters.

Cities currently involved in Main Street Arkansas are Batesville, Blytheville, Conway, Dumas, El Dorado, Eureka Springs, Helena-West Helena, Jonesboro, Downtown Little Rock Partnership, Little Rock’s South Main Street (SoMa), Osceola, Ozark, Paragould, Rogers, Russellville, Searcy, Siloam Springs, Texarkana and West Memphis. Members of Main Street’s Arkansas Downtown Network are Hardy, Pine Bluff, Heber Springs, Fort Smith, Morrilton, Rector, Monticello, Arkadelphia, Clarksville, Warren, Wynne, Fayetteville, Forrest City, Malvern, Pocahontas, Newport and Paris. Other sponsors of the Main Street Arkansas program are Preserve Arkansas and the Arkansas Economic Development Commission. To learn more about Main Street Arkansas, visit http://www.arkansaspreservation.com/main-street/.

The Arkansas Historic Preservation Program is the agency of the Department of Arkansas Heritage responsible for the identification, evaluation, registration and preservation of the state’s cultural resources. Other agencies in the department are the Arkansas Arts Council, the Delta Cultural Center in Helena, the Mosaic Templars Cultural Center, the Old State House Museum, the Arkansas Natural Heritage Commission, the Historic Arkansas Museum and the Arkansas State Archives.



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