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Economic Development

Mt. Pleasant is in a strategic location. It is a major retail corridor and transportation hub to and from Shaker Heights and other suburban communities. Various studies show that Mt. Pleasant has potential for high end retail businesses because of its high population density and the large number of homeowners provides a more stable base than other communities with larger numbers of rental properties. Mt. Pleasant also has a real capacity for legitimate entrepreneurship because of the existence of long-standing social, fraternal and religious organizations.

The retail corridor between Luke Easter Park and the Shaker Heights border is undergoing a revitilization. Plans are underway to improve the business district where Union and Kinsman meet so that it will bustle with activity from people going to and from restaurants and one of a kind shops.


Facts:

The cash economy of Mt. Pleasant is stong based on
Neighborhood Market Drill Down study conducted by Key Bank. The study considers a wide range of economic indicators, other than census data, to determine the real spending power of urban communities.

The retail purchasing power for Mt. Pleasant is above
average, according to the Key Bank study.

Heritage Corridor is a unique economic development concept being discussed that envisions Mt. Pleasant as a destination area for shopping, dining and learning about historically and traditionally significant arts and cultural activities.