The Albemarle Downtown Development Corporation was established 25 years ago to prevent further decline of downtown Albemarle. It has worked to revitalize the downtown area through beautification projects, hosting community events, supporting local businesses, and leveraging public and private investment. In the past year it has celebrated its 25th anniversary, created programs to recognize businesses and encourage investment, and seen over $9 million in total investment downtown despite a net loss of one job. Its goals for the upcoming year include further beautification, developing funding for small businesses, and creating a tourism marketing campaign.

1. 2013-2014 ANNUAL REPORT

2. 25 years ago, Albemarle City Council had the wisdom and vision to establish Albemarle Downtown Development
Corporation (ADDC). The purpose of this organization was to prevent the further decline and deterioration of
Downtown Albemarle. This would be a multi-faceted undertaking, with anticipated assistance from the NC Main Street
Center in Raleigh. Council further agreed to fund ADDC for a minimum of three years with an additional match of funds
from downtown business and property owners to meet the established budget. Board members were appointed, by-
laws were written and ADDC became incorporated.

3. NC Main Street and
Downtown
The performance of each of the state’s local Main Street programs is annually evaluated by the Office of
Urban Development at the N.C. Main Street Center, which works in partnership with the National Main
Street Center to identify those local programs that meet ten performance standards. These standards
set the benchmarks for measuring an individual Main Street program’s application of the Main Street
Four Point Approach® to commercial district revitalization. Evaluation criteria determine the
communities that are building comprehensive and sustainable revitalization efforts and include
standards such as developing a mission, fostering strong public-private partnerships, securing an
operating budget, tracking economic progress and preserving historic buildings.

4. Downtown Accomplishments
 Worked with the Albemarle Downtown Business Association on First
Saturdays
 Worked with the Albemarle Police Department on National Night Out
 Hosted a successful Stanly County Winter Wine Festival and
Outdoorsman’s Bonanza
 Upgraded technology to a stand alone network
 Created a new website for the organization
 Created a Progress Plan for the upcoming year
 Celebrated 25 years as an organization
 Created an Invest in Downtown program
 Design Committee created a Downtown Business Award

5. Our Goals for 2014-2015
 Develop a local perception package based off the new
City of Albemarle Brand
 Work with property owners to create community
beautification projects
 Work with local banks to develop small business funding
opportunities
 Create a master spreadsheet of downtown businesses that
will help to identify economic and design projects
Committee Goals 2014-2015
 Organization – Create a volunteer recruitment package
 Design – Expand beautification projects throughout downtown
 Economic Restructuring – Educate public on the importance of investing in Downtown
 Promotion – Educate public on the importance of shopping Downtown and create a
tourism marketing campaign

6. Annual Statistics for FYE 2014
 Facades Redone 4
 Building Renovations 3
 New Jobs 13
 Jobs Lost 14
 Net Job Gain -1
 Business Expansions 0
 New Businesses 10
 Businesses Lost 10
 Net Businesses Gained 0
 Private Investment $8,798,777.39
 Public Investment $306,500.00
 Total Investment $9.105.277.39

7.  Albemarle Pilates and Yoga - Sign
Façade Grant Program - $2,031.96
The following businesses were awarded grants
 Donut Dinette – Façade and Sign
 Luna Salon and Spa - Sign

11.  Stanly County Farmer’s Market Craft Show – Oct 25
 Fall Festival – Oct 30
 First Saturday – Live Music and Holy Chili Cook Off – Nov 1st
 A Charles Dickens Christmas – Dec 6th
 Tour of Homes – Dec 7th
 Downtown Christmas Parade – Dec 8th
 Stanly County Wine Festival – Feb 28th
 Outdoorsman Bonanza – Mar 28th
 The Stanly County Brew Fest – April 18th

12. Why investment is important
 Keeps profits in town with local owners
 Supports other local businesses and services
 Supports local families with family-owned businesses
 Supports local community projects
 Provides a stable economic foundation with direct
ties to the community

13. Questions
For detailed information on Annual Statistics, please contact the ADDC office