MSCC Community Development Strategies
Main Street Community Capital (MSCC) utilizes a “best practices” philosophy allowing our management team to accomplish greatness by collaborating with “best in class” partners in their respective fields. MSCC has assembled their team of partners, leveraging the founders’ project experiences and relationships built over the past 30 years. Main Street Community Capital and its partners are driven to combine true place-making strategies, high potential communities, and exceptional design to deliver superior social and economic returns to the communities we serve.
Our investment and development strategies share a number of common traits:
- All MSCC projects seek to enhance the quality of life of our community partners through improved social, economic, and cultural opportunities, created by the responsible development of community resources.
- Federal, state, and local incentives provide important community and financial support, thereby mitigating risk to all MSCC project stakeholders
- MSCC developments are typically located outside of major metropolitan areas but within driving distance of necessary population centers. Many of these locations are eligible for USDA loan guarantees, further reducing risk to MSCC partners
- MSCC development properties typically reside within designated Opportunity Zones and are thus subject to favorable federal and state income tax treatment.
Hotels & Conference Centers
MSCC often works with communities seeking to expand event and meeting facilities. These are typically smaller cities requiring venues to host everything from wedding receptions to state and regional conferences. MSCC partners with state and local entities to develop appropriate projects backed by third-party needs assessments and feasibility studies
Repositioning of Local Malls & Shopping Centers
Retail evolution from local shopping centers to regional malls to online shopping has left rural and small cities littered with decrepit malls and vacant retail districts. MSCC’s local partners are capable, forward-looking, and anxious to turn these deteriorating areas into attractive assets, supporting the growth of their communities.
Where feasible, MSCC seeks to reposition these former malls and shopping centers into true gathering places with a right-sized retail component. Tenants include restaurants and bars, movie theaters, family entertainment centers, performance venues, and a mix of regional and local retailers.
Multifamily Housing
A complementary strategy includes the development of much-needed multifamily housing within or adjacent to other community assets created by MSCC partnerships. Many of our local partners express a desire to incorporate additional market-rate and/or workforce multifamily housing which can be sited on MSCC developments.
