New and Notable Projects: Seattle Legacy Businesses
In September 2016, the City of Seattle’s Office of Economic Development released Mayor Ed Murray’s Commercial Affordability Advisory Committee Recommendations Report. The report included a recognition that legacy businesses make important economic and cultural contributions and recommended further study around support systems and policies for such businesses. Legacy businesses are established business that are small, accessible, retail or food service sector-oriented, and independently owned. However, the primary defining attribute is that these businesses serve some community function that goes above and beyond the simple sale of goods and services. Legacy businesses serve as community gathering spots, hubs of social capital and cohesion, and valuable “third spaces” apart from home and work that support local culture and stability.