Economic & Community Development
The Mayfair CDC, in partnership with the BID, must further business development in order to create jobs and promote wealth. We can do so by helping existing businesses, as well as start-ups and entrepreneurs, find the tools and resources they need to flourish. This can be reached as follows:
MAYFAIR BUSINESS ASSOCIATION
The CDC, through the Mayfair Business Association, will hear concerns, discuss plans for growth, obtain leads for business outreach, and provide advocacy for these economic entities to the relevant Federal, State and local agencies. All Mayfair businesses can join, including businesses contained within the BID. However, non-BID members will pay an annual fee of $125.00, while BID memberships are free. Please note that besides the services listed above, the CDC must use these dues/fees to provide agreed-upon services to businesses not within the BID. These services can include, for example, provided sidewalk/street sweeping/cleaning services at the non-BID business locations on a weekly basis.
MAYFAIR TAVERN ASSOCIATION
The CDC, in partnership with the BID, will form a “Mayfair Tavern Association” for all bars/taverns in Mayfair to provide advocacy, guidance, assistance and collaboration between these entities. The Association will work to promote these establishments and strengthen the “nightlife” in Mayfair. This Association will meet every sixty (60) days and membership will be free.
The Mayfair CDC will partner with the BID to become a funding source to provide bridge loans to business (i.e. storefront improvement), as well as to first-time home buyers. This will be accomplished through a collaboration with the Commerce Department and/or financial institution (i.e. Finanta), to route lending funds through the CDC for the designated applicants.
In order to further the goals listed above, the CDC will maintain an inventory of all vacant properties and retail spaces. The CDC will also meet with existing, or prospective, business owners to provide guidance and assistance in funding necessary funding.
The CDC recognizes the importance of community input and engagement to guide future development. Accordingly, the CDC will foster a relationship of open communication with Mayfair residents and property owners by way of social media, newsletters, website inquiries (the CDC will establish a page on www.mayfairphilly.com/ ), and, most important, community meetings on a quarterly basis.
The CDC will seek to create a quarterly newsletter for community residents to read updates related to our initiatives and to see their impacts. The newsletter will strengthen the bond between residents and their community. Contact information for our director will give them a valuable resource for both addressing quality of life concerns and for voicing new ideas. The CDC can use this newsletter as a source of revenue, selling advertising space to local businesses.
The CDC’s plan for a workforce development program will offer employment skills training to neighborhood young adults. Examples of employment skills include how to prepare and ace a job interview, how to write a professional resume and how to communicate effectively. Connecting neighborhood residents with local employers will also be a key objective of the workforce development initiative.
The CDC recognizes the need to promote the Mayfair community, and will do so with a series of events to highlight the assets of Mayfair, and to market the community. These activities will include, but are not limited to, the Mayfair Night Markets, the Mayfair May Fair and Fallen Heroes Run, the Mayfair Christmas Village, and the Mayfair-Holmesburg Thanksgiving Parade.