The Economic Development Corporation of Kansas City Missouri (EDCKC) has released a promotional video to showcase how unification has progressed revitalization along Troost Corridor.
Stretching from Downtown to South Kansas City, Troost encompasses historic neighborhoods, businesses, universities and a host of important community non-profit organizations.
As the former “red line” dividing Kansas City, Missouri between white and black residents, the area has now become one of the best examples of how the EDCKC, the City of Kansas City, Missouri, residents and developers have united and invested together to revitalize the corridor.
The video (https://edckc.com/troost-projects/), released by the EDCKC in August, highlights how various economic organizations, development tools, and incentives can be layered together to spur growth and create economic progress.
In the past few years, more than 20 projects have taken advantage of the benefits of these programs including LCRA (Land Clearance Redevelopment Authority), who has enabled homeowners to do renovations without the fear of rising property taxes; PIEA (Planned Industrial Expansion Authority), who has enabled developers to afford to make investments in developments that, on the surface, appeared to have high investment risk; LoanUP, EDCKC’s Loan Corporation, who has provided loans to businesses to enable expansion and growth; and Chapter 353, a tool to remedy blight, has helped to attract the first national-branded hotel to the corridor.
“LCRA, PIEA, TIF -- sometimes our programs can feel like an alphabet soup,” said T’Risa McCord, interim president and CEO of EDCKC. “We wanted to release this video to help the public understand that these tools of economic development can make a difference in the lives of people in our city.”
Troost neighborhoods, including Marlborough, Scholar’s Row, Wonder Lofts and Beacon Hill, are just a few of the areas that have benefited from the revitalization incentives and efforts.
Justin and Rashaun Clark, owners of Urban Cafe, utilized EDCKC's LoanUp program to help open their restaurant on Scholar’s Row on 55th and Troost.
“I see this as a great opportunity for me as a chef to have a full restaurant of my own and get the equipment I need to grow the brand,” said Justin Clark.
To view the video and learn more about how EDCKC programs can help your business and community grow, visit: www.edckc.com.
About the Economic Development Corporation of Kansas City, Missouri: The Economic Development Corporation of Kansas City, Missouri, is a 501c4 agency that works to retain and grow its resident businesses, attract high opportunity companies to locate in the city, and attract and retain a skilled and diverse workforce all to ensure a vibrant community and growing, self-sustaining economy.