Can malls and discount centers take the place of traditional commercial districts? The answer is a resounding "no." It may no longer be the sole option in the community, but the commercial district is much more than a shopping center. Here are some reasons why Main Street is still important:
Commercial districts are prominent employment centers. Even the smallest commercial district employs hundreds of people, and often the district is collectively the community's largest employer.
The commercial district is a reflection of community image, pride, prosperity, and level of investment — critical factors in business retention and recruitment efforts.
Main Street represents a significant portion of the community's tax base. If the district declines, property values drop, placing more of a tax burden on other parts of town.
The traditional commercial district is an ideal location for independent businesses, which in turn: