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STUDY: IT PAYS TO HAVE A BUSINESS DISTRICT

New report explores economic return on improvement areas

Tanya Mannes, SAN DIEGO U-T

Monday, April 23, 2012

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How important are they? From 2008 to 2010, these districts generated $47.4 million in economic impact, the report found. Their spending sustains 233 jobs a year. The report, authored by Vince Vasquez, was funded by the San Diego County Community Enhancement Funding Program.
“If you see a dynamic, exciting and attractive commercial area in San Diego, there’s probably a business improvement district behind it,” Vasquez said. “They do the nuts-and-bolts work and they are the ones that can breathe new life into some of these commercial areas — which is a good thing for San Diego.”