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.