DC retailers could increase profits with new toolkits
The economy brings many challenges to small business owners, especially those that are launching new operations. While some metros might offer limited assistance to local residents who manage these start-ups, the DC government is offering people a toolkit they can use to get their businesses off the ground. This could help attract more buyers to the homes for sale in Washington, DC, while enhancing the retail experience for current residents.
In March 2012, DC Mayor Vincent Gray released the Vibrant Retail Streets Toolkit, which includes customizable strategies business owners can use to improve their viability in the city. This toolkit was designed as a follow-up to the DC Office of Planning's (OP) Retail Action Strategy and Retail Action Roadmap developed in 2010, and gives retailers information about best business practices.
"Our Retail Action Strategy helped put retail opportunities squarely out there as an invitation for retailers to come to DC to serve our residents," OP Director Harriet Tregoning said, according to a press release. "Our vision of livable, walkable neighborhoods relies on having vibrant retail streets in lots of neighborhoods throughout the city."
Victor Hoskins, Deputy Mayor for Planning and Economic Development, noted that the district has all of the necessary components to make this vision a reality. With continuous efforts from the local community, DC has the potential to become a vibrant, enjoyable district.