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Hastings County Main Street Investment Opportunities

Ontario East

An Article by Andrew Redden

Across Hastings County, there are eight urban centres having completed a downtown market analysis identifying opportunities for investment. In simple terms, we have identified gaps in our retail offerings and service, meaning those currently in business on main street might like to expand or modify their offerings to satisfy such gaps, or a new entrepreneur might like to invest.

What are these opportunities you ask? Well, the communities of Bancroft, Coe Hill and Maynooth are currently implementing the recommendations from their downtown market analysis and community consultations. Research uncovered the following new business opportunities:

Bancroft

* Another optician

* Legal services

* Home centre (linens, home products etc.)

* Fish and seafood market

* Security and commodity brokers

* Clothing stores – shoes, men’s clothing, children’s clothing

* Pubs/drinking establishments

* Sports equipment retail businesses

* Movie theatre

Maynooth

* Hardware store

* Bakery

* Full service restaurant

* Auto Mechanic

Coe Hill

* Satellite Pharmacy

* Seasonal equipment rental businessSee full size image

If you want to learn more, you should contact Revitalization Coordinator Christine Drost at 613.332.6246 or chrisdrost@xplornet.com

Further to the south in Deseronto, the key business opportunities are:

* marina development, and complementary waterfront development operations (watercraft manufacturing/sales, marine equipment manufacturing/sales, watercraft service/repair, marine activity/tourism operations)

* Specialty retail is another key business category that’s been identified, to complement the existing business mix. Key products include: gifts/books/novelties, artisan gallery featuring local & regional artists, home furnishings/decor, garden centre/florist, fashion, jewellery/accessories, and special interest.

* Specialty food & beverage stores or combination stores & restaurants/cafes e.g. deli, butcher, produce, dairy, bakery, confectionary is other opportunities that have been identified.

* Service businesses e.g. gym/fitness centre, personal care services e.g. spa, beauty products/treatments, various health practitioners e.g. chiropractor, massage.

For more information on Deseronto, contact Dana Valentyne at 613.396.2440 or dvalentyne@deseronto.ca

In the communities of Madoc, Marmora, Stirling and Tweed, based on the same type of market research completed in North Hastings and Deseronto, we have found that the following business types are some that entrepreneurs may want to consider:

Professional Services

* Accounting, bookkeeping, tax preparation

* Financial investment services

* Architects and engineers

* Legal services

* Specialized design services

* Advertising and related services

Restaurants

* Casual dining

* Tea rooms / specialty coffee shops

* Pubs – nice place to have a pint

Retail

* Clothing stores

* Sports and recreation stores

* Book and music stores

* Gift stores

* Specialty food stores

Accommodations

* Bed and Breakfasts

Want to learn more, you should download a copy of the Commercial Recruitment Strategy by clicking here: MainStreetCommercialRecruitmentStrategyFINAL.

If you want to pursue any of the above, and you would like access to some free and confidential business management coaching, you should consider inviting our Enterprise Facilitator Darcelle Runciman to meet with you. Plenty of investment information on our County is also available at investinhastings.ca

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