M. Davis and Company, Inc.
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Economic Development and Housing

INDUSTRY/CATEGORY

OBJECTIVE

OUTCOME/BENEFITS

HOUSING Determine market potential for non-subsidized housing in a relatively depressed area. Decided whether to build homes, how the development should be phased in (# built per year) and the target market.
Determine: 
1. Market potential for condominiums
2. Attitudes and preferences of prospective buyers
3. Intent to purchase.
Make “go” or “no go" decision relative to the overall project. Developed winning strategy to ensure high sell rate for units.
Conducted assessment of elderly housing and the impact of having non-elderly residents in buildings formerly designated for the elderly. Develop a strategy and mode of operation that will safeguard the rights of both the elderly and non-elderly. Developed an action plan to decrease the waiting list and increase occupancy for elderly housing.
 

 

ECONOMIC
DEVELOPMENT

 

 

 
Determine the level of retail spending by city residents in the suburbs and develop an action plan to redirect those expenditures back into the city. Developed strategy and action plan to regain dollars spent in suburbs. Developed methodology to track resident expenditures.
Determine awareness and perceptions of the Atlantic City Inlet area. In addition, determine opportunities for development and business creation. Determined needs of residents and identified types of developments/businesses that would be supported in the area. 
Develop a 5 year economic plan based on the Main Street Concept and implement economic development plan. Developed cooperative organization focused on rebuilding the community. Long Term Benefits were economic revitalization of depressed areas, restructuring of businesses in commercial corridor and creation of new jobs.
Create a comprehensive 10 year strategic plan which addressed economic, health, housing, transportation and infrastructure/ municipal service development. City of Chester used the plan, in part, to initiate specific developments.


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