Cutting costs for downtown businesses can help the downtown thrive.
(Boonton, NJ, October 4, 2010) — The ability of restaurants and retail businesses to cut costs and streamline for efficiency is critical to their success, but cutting costs without adversely impacting the customer experience is easier said than done.
One expense that many downtown businesses can reduce without negative side effects is energy. All that\'s needed is some technical expertise and financing, which downtown can help provide.
In a unique four-way partnership, an electric utility, a not-for-profit community development financial institution, a public benefit corporation, and a business improvement district have introduced a Restaurant and Business Support Program for downtown New Rochelle, NY.
Led by the BID, the program is designed to help downtown restaurants and stores lower their operating costs by identifying energy saving measures; get access to conservation incentives; and most importantly, obtain financing, to assist not only in implementing selected energy saving measures, but for business improvements and operating expenses as well.
###
About the Downtown Research & Development Center
For over 50 years, the Downtown Research & Development Center has acted as the information clearinghouse on practical strategies and tactics for revitalizing the hearts of our cities and towns.
The Group\'s main activities include publishing the widely influential Downtown Idea Exchange and Downtown Promotion Reporter newsletters; publishing relevant books and reports; and operating the DowntownDevelopment.com website.
Website: http://www.DowntownDevelopment.com