Main Street Pineville making positive economic impact

Published 3:48 pm Monday, March 4, 2019

Main Street Pineville is being recognized for the positive economic impact the organization is having on the community with the continued creation of jobs and the new business ventures being brought in.

According to the Kentucky Heritage Council and the State Historic Preservation Office, more than $91 million was infused into the state’s economy in 2018 by Kentucky Main Street Program participating communities.

Of that $91 million, $2,553,959 was seen in Pineville alone.

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According to Jacob Roan, Main Street Pineville Director, Main Street Pineville reported 84 new jobs and four new businesses.

Pineville was also one of 25 communities to achieve national program accreditation for 2019, as certified by both Kentucky Main Street and the National Main Street Center.

“As an accredited member of the Kentucky Main Street Program, Pineville has benefited tremendously over the past four years,” Roan explained. “Kitty Dougoud, KYMS Coordinator, has coached myself and mayor (Scott) Madon as we have helped local business and property owners thrive in Pineville.”

Totaling $91,191,866, this KYMS cumulative investment in downtown commercial districts was reported by 29 communities and represents $73,720,221 of private investment matched by $17,471,684 in public improvements. Cumulatively, the program also generated 1,215 new jobs in main street districts and the creation of 142 businesses.

“Main Street Pineville has been the catalyst for change in Pineville,” said Roan. “That has only been possible because of our partnership with Dougoud and KYMS.”

Roan noted that private-public investment reported by Pineville and other communities is enhanced by the Kentucky Historic Preservation Tax Credit, available for owners of historic buildings and residences listed in the National Register of Historic Places.

Kentucky Main Street was created by KHC to reverse economic decline in central business districts through historic preservation and redevelopment of commercial buildings. A conference celebrating the programs 40th Anniversary will take place April 23 through 25 in Covington.

Sessions will explore the successes as well as opportunities and challenges that Main Streets of all sizes are facing. Participation requires local commitment and financial support, with a community Main Street director administering the program with a volunteer board.