In some ways, North Baltimore's small business community has managed to weather the down economy remarkably well.
From Belvedere Square to Hampden and Mount Washington, new businesses have opened despite a tight credit market and more people out of work with less disposable income.
But the economy has taken its toll and caused some businesses to go under.
So we want to know what you think needs to be done locally to help more entrepreneurs open shop in Charm City's northern neighborhoods.
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As for Sylvan - Hampden has had several dollars stores in the past decade. It also had several general type stores (GC Murphy and Gallo Clothing) on the Avenue. These businesses closed because they were not supported by the community. Interestingly, the 2 businesses for rent in the photos showed are old-school businesses that the community also failed to support.
The arrival of Dollar Stores in a neighborhood like this would be a classic sign of urban decay. Honestly, the dollar store would probably do way more business here than I ever could, but watch how quickly the surrounding areas deteriorate. Do you think a dollar store would keep the tourists coming to Hampden? Do you think your houses would maintain its value because you're "in walking distance to the dollar store!" as compared to unique boutiques, dining and many other services?
And yes in fact I would rather live closer to groceries and affordable amenities available from a diverse array of small retailers serving a varied income population than to chocolate, shoes, and lamps made out of antlers.
And one does not support bad business, bad service, bad price but why assume that that is all that is offered from small business? Why presume that the chain store is offering you this?
Ecomomic success would have 3 dimensions; the owners need for growth and profit, the community need for stable and consistent employment as well as advancement, and finally, the town's need for a stable and consistent tax payer-as defined by the owners profits, and the communities employment. Budget and nationally owned stores provide very little of the first two, and perform marginally on the third point. There may be a need for cheap socks, but the owner of a cheap stock store does not employ 3-10 people where at least 1 of them can work for 20 years and support a family. There to many competitors for a lower price to use this as a business model, sustainability should be the driving consideration when the city and state dole out tax abatements and deferments. More small communities like Hampden and Charles Village will thrive with long lasting privately owned businesses that employ people within 5-10 miles then those who solely provide goods or services to the same. Unique retail experiences are difficult to predict or plan, but they do rest on several simple ideals-Good service, fair price (not the lowest) and consistent good customer interaction. If all of those items are equal, then the goods or services offered must be of superior quality, or perceived scarcity that those in the know will travel from far away to get them
As for whether a dollar store is something the community wants, why are we asking the guy who can't work a caps lock?