Jul 20 • 1 min read
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The Philadelphia Association of Community Development Corporations (PACDC) explains that “neighborhood commercial corridors are the economic veins of our City.  They provide jobs and offer residents local access to needed goods and services.  When safe, clean and vibrant, they attract new residents to the surrounding residential area, which can lead to revitalization of the entire neighborhood.  In fact, research shows that commercial corridors that are in “good” or “excellent” condition increase home values by 36% within ¼ mile, but poor condition corridors decrease surrounding home values.”

“These corridors are an essential part of the fabric of Philadelphia…,” Mayor James Kenney said in announcing a community improvement program. “As the neighborhood business corridor goes, so goes the neighborhood…When the neighborhood business corridor is strong, it’s safer, there are more people working, there’s more of a community feel in the neighborhood.”

“Commercial corridors are the modern Main Streets of their communities – they represent growth of both economic and social capital,” said Maura Shenker, director of Temple University’s Small Business Development Center. “Collaboration is key.” In Mount Airy, Power Up graduates become leaders, taking on important roles in local business organizations.