Three Lancaster banks team up with Destination Downtown
June 26, 2012 by James
Three banks in lancaster have earmarked a total of $1.5 million in loans towards Destination Downtown Lancaster and joined in the effort to clean up and renovate the downtown area.
Standing Stone National Bank, fairfield National Bank, and the Community Bank have each set aside $500,000 in loan money to be used by downtown business and property owners seeking funds to improve building structures, signage, and frontage.
Destination Downtown Lancaster is a non-profit organization geared towards the revitalization of Lancaster’s downtown area. The focus of the organization is to attract and retain new businesses and help these businesses bring in more customers by fostering a sense of community and improving the overall appearance and operation of the downtown area.
As programs like Destination Downtown Lancaster help draw in new businesses, existing businesses in the area are also helped in a variety of ways, as their buildings are revitalized and more custom is generated. In addition, local businesses such as Lancaster print companies can probably expect an increase in business as new companies and businesses moving into the area find themselves in need of stationery printers, banner printing, business card printing and a number of other printing services.
President and executive director of Destination Downtown Lancaster, David Uhl, says the program has been somewhat dormant in recent years due in part to the recession. Uhl stated:
“I don’t know if it was the business climate or the businesses and people not knowing about it. But it is a great program and a great opportunity with three local banks that operate in downtown Lancaster and have a concern for the future of downtown Lancaster.”