Impact Analysis
Michigan main street program impact study
Since 2003, Michigan Main Street has transformed commercial districts and communities across the state through dedicated economic development efforts, leading to economic growth and downtown revitalization. Michigan Main Street empowers local priorities and supports local decision-making and input to guide on-the-ground economic development. This study, conducted by Jon Stover & Associates, assesses three types of impact of Michigan Main Street over the last 20 years: its social value, its fiscal value, and the primary focus of this report, its economic value.
Client
Michigan Main Street
Service
Economic Impact Analysis
Fiscal Impact Analysis
Community Impact Analysis
Location
Michigan
JS&A’s analysis leveraged a comprehensive base of data reporting called “reinvestment statistics” that was collected on a remarkably consistent basis over the history of the program. JS&A used this data along with a 2023 survey of Main Street leadership to assess budget expenditures, customer attraction data, business trends, programmatic expenditures, and programmatic results. An economic modeling software called IMPLAN was used to estimate a range of economic impacts of this programmatic activity, as well as estimate the tax revenues that this economic activity generated at the state level.
Project Scope
Social, Community, and Cultural Impact
Economic Impact
Fiscal Impact
Business Attraction & Retention
Marketing, Branding, & Events
Historic Preservation
Placemaking
