Belmont Business Strategy
The Belmont Business Strategy is an economic development strategy that identifies demographic and economic trends within Belmont and the region so that the Town can set a strategic course to grow its economic base to improve fiscal stability while building on and respecting the existing strengths and character of the community.
Belmont’s Planning Principles
- Belmont is committed to strengthening existing businesses and diversifying its business types.
Planning will take into account a mix of uses, especially affordable housing for millennials, families and our aging population, live/work space, arts and culture destinations and retaining basic service businesses.
- Public infrastructure to support development should be planned at the same time, especially public transit facilities, schools, complete streets and addition of open space.
- Specific design and infrastructure need to activate the street, be designed for the future and environmentally friendly.
Next Steps and Priorities
- Form an economic development committee for the purpose of researching and implementing ideas to bring about economic growth within town and to further support the efforts of the commercial community.
- The Town should create a position to serve as an Economic Development Coordinator between the Belmont EDC, Town departments, and local businesses.
- Review zoning and permitting procedures as well as regulatory laws and identify mechanisms to streamline business regulation and expedite permitting to provide regionally competitive and responsive services in a way that does not compromise quality development.
- Further planning processes, incentives and marketing that could grow the town’s economy and promote the Town’s business friendliness.
- Create information guidelines to assist businesses in locating and expanding in Belmont.
- Create a visually attractive public realm, including wayfinding, beautification efforts, and local art.
- Further promote and expand upon special events and shopping experiences that encourage residents to shop local and develop support for the business community.
- Promote intermodal forms of transportation, especially to each business district.
- Improve the character of each of the commercial districts.
- Update the Town website to provide more detail about economic development.
- Establish a town regular newsletter focusing on recent, current, and future town activities, including economic development.
- Continue to implement the Town Business Survey.