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City unveils Central Market economic strategy aimed at reducing vacancies and preserving neighborhood mix
Summary
The Office of Economic and Workforce Development presented the Central Market Economic Strategy, a multi‑agency action plan to stabilize the Central Market district. Goals include preventing displacement, reducing vacancies and building an arts‑oriented creative cluster; staff highlighted tax incentives, loan funds and a proposed infrastructure financing approach.
City staff from the Office of Economic and Workforce Development presented the Central Market Economic Strategy, an action plan assembled with multiple agencies and community partners to stabilize and revitalize the Central Market corridor roughly bounded by Fifth to Tenth streets along Market.
Jordan Klein (OEWD) characterized the strategy as a cross‑departmental approach that leverages incentives—such as the payroll tax exclusion for net…
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