Business View Civil & Municipal l November 2022
135 CIVIL AND MUNICIPAL VOLUME 3, ISSUE 9 LEX INGTON, NC trends where occupancy of brick-and-mortar establishments have been dwindling, and local stores cannot compete with national brands. We were pleased to see so many main street developments, which Lexington City has been developing for several years. It is clear that this ongoing development is paying dividends for Lexington residents and visitors to the region. The main street is steeped in historical details, many of which are a few feet away from the retail hub. As you’d imagine, this has meant that the area has become a tax revenue hotspot for Lexington City’s coffers. The rejuvenation of the main street has also meant that a vibrant mix of people of all ages can be seen walking along it. Business View Magazine felt safe walking the sidewalks around the center of town and enjoyed taking in the local spots along the way. Other attributes we noticed were the use of outdoor spaces, tailored areas for events, and generally a pivot towards a younger audience. Appealing to a younger demographic has also meant the inclusion of WiFi spots, live music events, and green walking trails. Other metros are seeing many young adults leaving, but the city has tried to appeal to the younger demographic. And from what we can see, this move has worked, and Lexington has retained its younger population. The latest United States Census found that persons under 18 made up 23.2% of the population of Lexington City, indicating that younger residents are staying. Economically, the city’s largest employers during the twentieth century were textiles and furniture manufacturing. While local outlets, like Edgar Wood, still produce these products, the majority of manufacturing has been outsourced to Asia THINKING AHEAD FOR OUR CLIENTS. WORKING WITH US OFFERS MANY OPPORTUNITIES: Strategic Positioning for Sustainable Growth Minimize Risks for Our Clients Land / Development / Sales + Lease / Planning / Construction Customer Focus Drives Our Competitive Advantage SametCorp.com GREENSBORO / RALE I GH / CHARLOT TE / WI LMI NGTON / CHARLESTON / SAVANNAH
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