Even before the economic downturn, downtown Vancouver was struggling — valiantly, mind you, but still struggling. For members of Vancouver’s Downtown Association, the Great Recession could not have come at a worse time. Merchants are still struggling in the historic heart of Clark County, but as the first green shoots of national economic recovery appear, there is modest evidence that the struggle is paying off.
Credit for this goes to the merchants themselves, at least the ones who are still in the game, the ones who refused to surrender to the recession and rolled up their sleeves for meaningful action.
Here’s a great example of that aggressive approach: The state’s Main Street Tax Credit Incentive Program helps economically depressed downtown areas that are willing to help themselves. Businesses that donate to the program receive a 75 percent refund of contributions, which can be applied to state Business & Occupation tax obligations. Thanks to donations to this state fund from 11 businesses, the VDA recently received approximately $130,000 from the state Department of Revenue. That brings the local total since to 2005 to $750,000, which VDA officials say is among the state leaders, if not at the top.
Clearly, downtown merchants are positioning themselves for a fast pace if and when the recovery kicks in. For some, that recovery will come too late. Even while other downtown businesses make recovery plans, several others have closed or are nearing closure. As Cami Joner reported in Wednesday’s Columbian, Kazoodles will close its West Eighth Street toy store in mid-February.