Business & Tech

Springfield BID Releases Assessment of Retail Establishments and Market Analysis

The Business Improvement District of Springfield has released a report of the township that includes assessments of commercial properties and businesses and more.

 

The following information was provided by the Township of Springfield.

The Springfield Business Improvement District has released a market study and retail assessment of Springfield Township.

The study includes visual assessments of commercial properties and businesses within the  Business district, meetings with local stakeholders and merchants, and a consumer survey of  residents and visitors via paper mailers and online.

Over 900 completed the survey  responses—well beyond our goal of 400. Analysis of that data revealed current supply and demand for more than 140  categories of retail.

This report provides an in-depth evaluation of those  economic factors, as well as recommended strategies for revitalization of local commerce. 

To view the report on the Township's website, click here

 

Find out what's happening in Springfieldfor free with the latest updates from Patch.


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.