In 2009, downtown Camas was like many many small town epicenters across the country — dotted with vacant storefronts, suffering from a lack of customers and struggling to find its way in the midst of a major economic recession.
Today, that same downtown is a shining example of what can happen when people decide to reinvest in their own Main Street. In less than a decade, Camas’ historic downtown has gone from having a 42-percent vacancy rate in its commercial buildings to having a waitlist of entrepreneurs hoping to move into the active downtown core. Private investors have spent more than $7 million to renovate downtown Camas buildings over the past seven years, and the 2015 construction of a building at Everett Street and Fifth Avenue was the first new build in downtown Camas in nearly 30 years.
The Downtown Camas Association presented these statistics and more to the Camas City Council this week, and credited the state’s Main Street B&O Tax Incentive Program for kickstarting and maintaining downtown Camas’ upward trajectory.
The tax incentive program allows business owners to reinvest in their communities’ Main Streets, giving a Business and Occupation tax credit worth 75 percent of their contribution to local downtown revitalization efforts. The Downtown Camas Association became part of the program in 2010 and has been reaping the benefits of the local reinvestment dollars ever since.
“Our Main Street revitalization efforts, many with B&O dollars, have changed the face and feel of our downtown,” the association stated in literature provided to the Camas City Council. “We stay true to our mill town roots, but are providing more amenities, bringing more people to town and in turn, growing our downtown economy.”