Wednesday, March 18, 2009
Investing during a recession: signs of spring?
It's always a good sign when small businesses - certainly the backbone of our economy here in Bakersfield - choose to expend scarce capital during a deepening recession. So I was heartened to read in the Downtown Business Assn. newsletter about the number of businesses honored for major renovations or new construction. Among the honorees were The Dream Center and Coffee Shop, Elaine's Cafe and Market, Goose Loonies, Larry McAbee Construction, American Sound Recording Studio and the Marriott Hotel. Alexander and Associates, Memorial Hospital and Little White Dress (owner Jennifer Cantelmi shown in picture) were cited for new construction. The DBA also talked about the possibility of 20th Street becoming a "great street," providing an east-west walkable connection from the new Mill Creek Linear Park (Central Park) to the historic Fox Theater.
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Well, the upside of the down economy is that doing such renovations is cheaper than it's ever been. So kudos to them for thinking of the future and good for them getting a good deal!
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