2013-2014 ANNUAL REPORT

25 years ago, Albemarle City Council had the wisdom and vision to establish Albemarle Downtown Development Corporation (ADDC). The purpose of this organization was to prevent the further decline and deterioration of Downtown Albemarle. This would be a multi-faceted undertaking, with anticipated assistance from the NC Main Street Center in Raleigh. Council further agreed to fund ADDC for a minimum of three years with an additional match of funds from downtown business and property owners to meet the established budget. Board members were appointed, by-laws were written and ADDC became incorporated.

NC Main Street and Downtown

The performance of each of the state’s local Main Street programs is annually evaluated by the Office of Urban Development at the N.C. Main Street Center, which works in partnership with the National Main Street Center to identify those local programs that meet ten performance standards. These standards set the benchmarks for measuring an individual Main Street program’s application of the Main Street Four Point Approach® to commercial district revitalization. Evaluation criteria determine the communities that are building comprehensive and sustainable revitalization efforts and include standards such as developing a mission, fostering strong public-private partnerships, securing an operating budget, tracking economic progress and preserving historic buildings.

Downtown Accomplishments

Worked with the Albemarle Downtown Business Association on First Saturdays Worked with the Albemarle Police Department on National Night Out Hosted a successful Stanly County Winter Wine Festival and Outdoorsman’s

Bonanza Upgraded technology to a stand alone network Created a new website for the organization Created a Progress Plan for the upcoming year Celebrated 25 years as an organization Created an Invest in Downtown program Design Committee created a Downtown Business Award

Our Goals for 2014-2015 Develop a local perception package based off the new

City of Albemarle Brand Work with property owners to create community

beautification projects Work with local banks to develop small business funding

opportunities Create a master spreadsheet of downtown businesses

that will help to identify economic and design projects

Committee Goals 2014-2015

Organization – Create a volunteer recruitment package Design – Expand beautification projects throughout downtown Economic Restructuring – Educate public on the importance of investing in

Downtown Promotion – Educate public on the importance of shopping Downtown and create a

tourism marketing campaign

Annual Statistics for FYE 2014

Facades Redone 4

Building Renovations 3

New Jobs13

Jobs Lost14

Net Job Gain -1

Business Expansions 0

New Businesses 10

Businesses Lost 10

Net Businesses Gained 0

Private Investment $8,798,777.39

Public Investment $306,500.00

Total Investment $9.105.277.39

 Albemarle Pilates and Yoga - Sign

Façade Grant Program - $2,031.96

The following businesses were awarded grants

Donut Dinette – Façade and Sign

Luna Salon and Spa - Sign

Stanly County Farmer’s Market Craft Show – Oct 25 Fall Festival – Oct 30 First Saturday – Live Music and Holy Chili Cook Off – Nov 1st A Charles Dickens Christmas – Dec 6th

Tour of Homes – Dec 7th Downtown Christmas Parade – Dec 8th Stanly County Wine Festival – Feb 28th Outdoorsman Bonanza – Mar 28th The Stanly County Brew Fest – April 18th

Why investment is important Keeps profits in town with local owners Supports other local businesses and services Supports local families with family-owned

businesses Supports local community projects Provides a stable economic foundation with direct

ties to the community

Questions

For detailed information on Annual Statistics, please contact the ADDC office