Downtown Idea Exchange

Each month downtown leaders turn to Downtown Idea Exchange for practical news reports, how-to information, and hundreds of real-world examples of how downtowns are growing and prospering.

 


In tough times, pay attention to cost cutting, fundraising

July 1, 2020
The coronavirus pandemic has hit many downtown organizations squarely in the pocketbook. By emptying business districts for two months, the health crisis has deprived organizations of revenues from special events and parking, as well as throwing property assessments and government contributions into question. The harsh financial reality is forcing downtown leaders to take a hard…To read more — login/subscribe

 

Downtown offers loans to struggling merchants

July 1, 2020
As the coronavirus shut down its city center, Memphis, TN (est. pop. 650,632), faced a mass extinction of small merchants. The Downtown Memphis Commission responded quickly, handing out short-term loans totaling $260,000 to 46 businesses. The program was designed to provide emergency funding for small businesses that might not have been able to receive larger…To read more — login/subscribe