Governor Shapiro's Budget: Revitalizing Pennsylvania's Downtowns and Small Businesses

Governor Josh Shapiro's bipartisan budget for Pennsylvania places a strong emphasis on invigorating local economies and supporting the growth of small businesses, particularly those located in downtown areas.

• The budget allocates $20 million to the new Main Street Matters program, specifically designed to assist small businesses and revitalize main streets and downtown business districts.
• This initiative aims to create vibrant and thriving downtown areas that attract residents, businesses, and visitors, fostering economic growth and a sense of community.

The Importance of Downtown Revitalization

The COVID-19 pandemic highlighted the crucial role that small businesses play in local economies, especially in downtown areas. These businesses provide essential services, contribute to community vibrancy, and serve as gathering places for residents.

• Governor Shapiro recognizes this importance and understands that investing in downtowns is an investment in the overall well-being of Pennsylvania communities.
• By strengthening downtowns, the state aims to enhance the quality of life for residents, attract new businesses and residents, and create a more dynamic and thriving environment for all.

Governor Shapiro's Main Street Matters Program: A Catalyst for Growth

The Main Street Matters program serves as a vital resource for Pennsylvania's small businesses and downtowns. The program is intended to provide the financial support and resources needed to:

• Boost economic activity in downtown areas
• Promote community engagement and create a sense of place
• Enhance the quality of life for residents and visitors

Governor Shapiro's Commitment to Minority-Owned Businesses

Governor Shapiro's budget demonstrates a commitment to fostering economic equity and opportunity. The budget includes an allocation of $20 million to support small minority-owned businesses in Pennsylvania.

• This funding is intended to help these businesses access the resources and opportunities needed to thrive and contribute to the overall success of the state's economy.
• This initiative is a testament to Governor Shapiro's understanding of the importance of creating an inclusive and equitable business environment.

Leveraging State and Local Resources: A Collaborative Approach

Governor Shapiro's budget emphasizes a collaborative approach, encouraging partnerships between state and local governments, as well as private sector organizations.

• The Keystone Communities program is a prime example of this collaborative model, providing grant funding to support local initiatives that promote economic development and community revitalization.
• The program encourages partnerships between local communities, businesses, and state agencies to develop innovative solutions to address local challenges and create lasting positive impact.

Pennsylvania's Small Business Development Centers: Essential Support

Pennsylvania's Small Business Development Centers (SBDCs) play a critical role in supporting the state's small businesses. These centers provide a wide range of services, including:

• Business consulting
• Business plan development assistance
• Access to resources and financing
• Educational programs and workshops

The SBDCs focus on assisting small business owners with navigating the challenges of starting, growing, and sustaining their businesses, ensuring they have the support needed to succeed.

Investing in Pennsylvania's Future: A Vibrant and Inclusive Economy

Governor Shapiro's budget represents a significant investment in Pennsylvania's future. By prioritizing the revitalization of downtowns, the growth of small businesses, and the promotion of economic opportunity, the budget aims to create a more vibrant, inclusive, and prosperous state for all.

• The budget's focus on economic development, community revitalization, and small business support will have a lasting positive impact on Pennsylvania's economy and its communities.
• Governor Shapiro's commitment to creating a thriving business environment and empowering communities through investment and collaboration is a crucial step in ensuring Pennsylvania's continued success.