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    • Home
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    • FUTURE IDEAS
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  • Education
  • Economic Development
  • Inrastructure
  • FUTURE IDEAS

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Entrepreneurship and Small Business Opportunities Commercial Development

SMALL BUSINESS  ENTREPRENEUR 

We must create an environment that empowers residents to invest in small business. The city's character needs to be enhanced by local resident  entrepreneurs.

We will establish networking forums in person for those to share leads among Methuen businesses and also give businesses an opportunity to explain their product services and publish them on the city website for all residents to use as a resource. I will personally run free seminars to help young entrepreneurs understand the fundamentals of starting and maintaining a small business,

We need to support local entrepreneurs rather than allow national franchise owners with significant financial backing to dominate our landscape. Local small businesses should thrive, enhancing the character and economy of Methuen and its residents. Allow people to financially create a legacy for their families. We need quality over quantity.

COMMERCIAL DEVELOPMENT

Cities typically generate tax revenue on a 75/25 ratio residential/commercial. Methuen is 80/20. We need to expand our commercial base in the industrial park to capture more efficient commercial opportunities. Commercial development is necessary to help the burden of taxes, however efficient planning, implementation and selection of the type of business is essential. 


We need to entice more skilled and career-oriented businesses to make Methuen their home so people can financially achieve a level to afford housing.


The non-development of the Route 93, Route 110 and Route 28 corridor is a lost opportunity. A professional multi-level company or office environment facility would generate four times the tax revenue due to square footage. More due diligence needs to be done to attract the type of industry such as technology. In order to ease the property tax burden we need to select more efficient commercial development.


Strategic partnerships must also be achieved. For instance both Market Basket stores on each side of Methuen has had the same footprint since inception. The majority of west end residents travel to Salem NH for food as the residents on the east end travel to Haverhill.


We must create an environment that interests our children in remaining in Methuen once entering the workforce. As it stands now Methuen is becoming a gateway city and losing its character it was established on.

 

James Sarcione

Copyright © 2025 James Sarcione - All Rights Reserved.

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