CAMBRIDGE, Ohio – The Cambridge-Guernsey Community Improvement Corporation (CIC) and Cambridge Main Street (CMS) are excited to announce completion of a downtown market assessment, including a community retail leakage analysis. The document, completed by DiSalvo Development Partners, shares recommendations for vacant downtown storefronts by comparing the current downtown Cambridge retail mix with other similar-sized downtowns in Ohio.
“DiSalvo’s work shows interested investors and entrepreneurs the types of businesses that are typically in downtown areas but are not represented in the local market,” said Bill Arnett, Executive Director, CIC. “We believe the market assessment will speed the process for those considering downtown Cambridge as a business location.”
The CIC funded the development of the downtown market assessment with assistance from the Peoples Bank Foundation. The CIC and Peoples Bank also partnered to fund development of a Downtown Prospectus in 2024.
“Cambridge is a core community for Peoples Bank, not just because we have two locations in downtown Cambridge, but also because many of our associates live, work, and play in the area,” said Peoples Bank Guernsey County Co-Market Team Leaders Mike Yanico and Matt Dolan. “We are excited to share the results of the study and look forward to partnering with businesses looking to grow downtown,” they said.
Cambridge Main Street will be the primary distribution point for those wanting to access the market assessment and the previously created Downtown Prospectus.
“Cambridge Main Street is thrilled to partner with the CIC on the Downtown Market Assessment,” said Karrie Fritz, Director, Cambridge Main Street. “This collaboration underscores our commitment to revitalizing Cambridge’s downtown, fostering economic growth, and creating a vibrant community for everyone,” Fritz Said.