— Excerpt from Press Release by the Downtown Frederick Partnership —-
In January 2019, Downtown Frederick Partnership’s Business Development Committee launched the seventh annual Business Performance Survey to learn more about doing business in Downtown Frederick and the effectiveness of the Partnership.
The survey received a strong response from all sectors of the downtown retail economy, collecting data on retail demographics, business revenue, retail hours of operation, retail rental rates, overall satisfaction, economic outlook and Partnership performance. The survey was distributed via email to more than 200 retailers, with a total of 95 responding.
With the opportunity to compare as many as seven years of data, this report provides additional analysis of trends in the downtown retail environment. The survey results and the trends analysis inform the action planning process for the Partnership each year. The information gained in this report helps to identify new projects and focus existing work program activities on identified opportunities.
The full results of this year’s report can be found below.
For more information on the Downtown Frederick Partnership, click here.
