{"id":7542,"date":"2019-09-09T20:56:12","date_gmt":"2019-09-09T19:56:12","guid":{"rendered":"https:\/\/espacestrategies.com\/applications\/sdc\/"},"modified":"2024-06-10T21:01:01","modified_gmt":"2024-06-10T20:01:01","slug":"cdc","status":"publish","type":"page","link":"https:\/\/espacestrategies.com\/en\/expertise\/cdc\/","title":{"rendered":"Commercial Development Corporations"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row css=&#8221;.vc_custom_1473782200425{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}&#8221;][vc_column css=&#8221;.vc_custom_1473782209001{padding-top: 0px !important;}&#8221;][vc_single_image image=&#8221;5642&#8243; img_size=&#8221;2560&#215;800&#8243; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1675784037313{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}&#8221;][vc_text_separator title=&#8221;Commercial Development Corporations&#8221; color=&#8221;orange&#8221; border_width=&#8221;5&#8243; el_class=&#8221;invert dx-h1&#8243;][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1663702384875{background-color: #ffffff !important;}&#8221;][vc_column width=&#8221;1\/12&#8243;][\/vc_column][vc_column width=&#8221;10\/12&#8243;][vc_row_inner css=&#8221;.vc_custom_1555443728371{padding-top: 30px !important;}&#8221;][vc_column_inner][vc_column_text]<\/p>\n<h2 style=\"font-weight: 400;\"><strong>WHAT IS A COMMERCIAL DEVELOPMENT CORPORATION (CDC)?<\/strong><\/h2>\n<p>A Commercial Development Corporation (CDC) is an association of merchants and business individuals located on a street or within a defined geographical area. Its mission consists in:<\/p>\n<ul>\n<li>Livening up the community<\/li>\n<li>Assisting merchants in their activities<\/li>\n<li>Advocating for its members\u2019 interests<\/li>\n<li>Organizing promotional events and enhancing the territory<\/li>\n<li>It is an initiative established by and for the community.<\/li>\n<\/ul>\n<p>This unique model was developed in Quebec and has few equivalents worldwide. It has inspired other countries and was recently imported to France by the Conf\u00e9d\u00e9ration des Commer\u00e7ants de France.<\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"font-weight: 400;\"><strong>HOW DOES A CDC WORK?<\/strong><\/h2>\n<p>CDCs are non-profit organizations with their own boards of directors and governance rules.<\/p>\n<p>When setting up a CDC, businesses in the area commit to contributing financially to support its activities.<\/p>\n<p>CDCs are also supported by the city in which they are located and, in some cases, by the borough. Although they are private, CDCs are legally regulated organizations constituted as independent bodies.<\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"font-weight: 400;\"><strong>WHAT ARE THE CHALLENGES OF A CDC?<\/strong><\/h2>\n<p>Similar to a city or a regional county municipality (RCM), CDCs act within their territory to address issues affecting their members and development.<\/p>\n<p>Externally, CDCs must address problems affecting the viability of their street or commercial district, particularly regarding its activities and image.<\/p>\n<p>Internally, CDCs may face numerous organizational challenges, including governance, recruitment or mobilization.<\/p>\n<p>The challenges are manifold:<\/p>\n<ul>\n<li>The street or area is underdeveloped, evidenced by high vacancy rates or declining foot traffic.<\/li>\n<li>The street is vibrant but has not reached its full development potential.<\/li>\n<li>The street is undergoing major construction work affecting commercial activity. Consequently, consumers are less likely to visit businesses in the area, leading to reduced foot traffic.<\/li>\n<li>The street wants to establish a strong and distinctive commercial position to stand out from other commercial hubs in its environment.<\/li>\n<li>The CDC strives to develop a mobilising vision for its members to <a href=\"https:\/\/espacestrategies.com\/en\/services\/action-plan\/\">prioritize actions<\/a> and make the best choices for its territory.<\/li>\n<li>The CDC faces <a href=\"https:\/\/espacestrategies.com\/en\/growth-themes\/governance\/\">governance<\/a> issues and board of directors mobilization challenges.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2 style=\"font-weight: 400;\"><strong>HOW <\/strong><strong>CAN <\/strong><strong>ESPACE STRAT\u00c9GIES ASSIST YOU?<\/strong><\/h2>\n<p>The commercial sector is often considered a reflection of a neighbourhood\u2019s vitality. Each neighbourhood has its unique identity influenced by its residents, so it is crucial to ensure that commercial offerings align with demand to correspond to the character of its inhabitants.<\/p>\n<p>Espace Strat\u00e9gies can help you with a range of needs to invigorate your area\u2019s commercial offerings, including:<\/p>\n<ul>\n<li>(Re)defining the street\u2019s commercial positioning to identify what makes your area unique.<\/li>\n<li>Developing the CDC\u2019s <a href=\"https:\/\/espacestrategies.com\/en\/services\/strategic-plan\/\">strategic plan<\/a>, involving all stakeholders (CDC staff, administrators, members, institutional partners, citizens, etc.).<\/li>\n<li>Implementing a commercial recruitment strategy to attract new businesses to occupy vacant premises or influence the commercial mix composition.<\/li>\n<li>Establishing a profile of the commercial offerings, including establishment inventory by type, composition of the commercial mix, vacancy rates, etc.<\/li>\n<li>Establishing a profile of commercial demand, for example, by studying foot traffic, consumer origin and all sociodemographic data. Some streets may have a local focus, while others attract customers from other neighbourhoods or cities.<\/li>\n<li>Conducting a walk-through diagnosis, walking the street to identify its assets and paint a dynamic picture of its situation and challenges.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div>\n<h2><strong>THE ESPACE STRAT\u00c9GIES&nbsp;<\/strong><strong>APPROACH<\/strong><\/h2>\n<\/div>\n<div>&nbsp;<\/div>\n<div>\n<p>Espace Strat\u00e9gies has built unique expertise in commercial development over the years. We are among the few firms in Quebec to offer this type of strategic support to CDCs and merchant associations. We have earned recognition in the market due to our experience and the quality of our work.<\/p>\n<p>Espace Strat\u00e9gies has strong experience in <a href=\"https:\/\/espacestrategies.com\/en\/growth-themes\/economic-development\/\">economic development<\/a> and municipal structures, as well as knowledge of actors and their needs. Our team is multidisciplinary and has expertise in various fields, such as urban planning; land use planning and sustainable, <a href=\"https:\/\/espacestrategies.com\/en\/growth-themes\/economic-development\/\">economic<\/a>, <a href=\"https:\/\/espacestrategies.com\/en\/growth-themes\/commercial-development\/\">commercial<\/a> and industrial development.<\/p>\n<p>We leverage this ecosystem knowledge to gain direct access to a range of contacts and experts in all fields, nationwide. We use this knowledge, combined with our adaptability and agility, to respond to very specific needs and access the necessary and appropriate expertise for your projects.<\/p>\n<\/div>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column width=&#8221;1\/12&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_text_separator title=&#8221;portfolio&#8221; color=&#8221;orange&#8221; border_width=&#8221;5&#8243; el_class=&#8221;invert&#8221; css=&#8221;.vc_custom_1707228961702{padding-top: 10px !important;padding-bottom: 10px !important;}&#8221;][\/vc_column][\/vc_row][vc_row el_class=&#8221;container&#8221; css=&#8221;.vc_custom_1555442164075{margin-top: 25px !important;margin-bottom: 50px !important;}&#8221;][vc_column][vc_row_inner gap=&#8221;20&#8243;][vc_column_inner width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;Avenue du Mont-Royal CDC&#8221; font_container=&#8221;tag:h3|font_size:20px|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]The Avenue du Mont-Royal Commercial Development Corporation (CDC) enlisted Espace Strat\u00e9gies to help it draft a commercial positioning plan. The goal was to help the artery\u2019s merchants better understand their current and potential customers and enable the CDC to establish a unique brand image to stand out from other commercial hubs.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;Wellington CDC&#8221; font_container=&#8221;tag:h3|font_size:20px|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]The Wellington Commercial Development Corporation (CDC) chose Espace Strat\u00e9gies to help develop its commercial strategy and action plan to attract new businesses to Wellington Street. As part of this mandate, ES conducted a market analysis, interviewed key industry players to gauge their opinions on the future of the commercial street and conducted a commercial supply-demand assessment. Since this study and the resulting work, Wellington Street has been voted \u201cthe coolest street in the world\u201d by TimeOut magazine.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;Monk CDC&#8221; font_container=&#8221;tag:h3|font_size:20px|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]Founded in 1981, the Monk Commercial Development Corporation (CDC) is one of the oldest in Montreal. The CDC enlisted Espace Strat\u00e9gies to help develop its action plan addressing the following three objectives: assessing the alignment between commercial supply and demand to influence the commercial mix, encouraging businesses to reinforce the CDC\u2019s positioning and allow its development vision to be implemented and enhancing the neighbourhood\u2019s image through culture.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_text_separator title=&#8221;GROWTH THEMES&#8221; color=&#8221;orange&#8221; border_width=&#8221;5&#8243; el_class=&#8221;invert&#8221;][\/vc_column][\/vc_row][vc_row el_class=&#8221;container&#8221; css=&#8221;.vc_custom_1473776092747{margin-top: 25px !important;margin-bottom: 50px !important;}&#8221;][vc_column][vc_row_inner content_placement=&#8221;top&#8221;][vc_column_inner width=&#8221;1\/4&#8243;][vc_single_image image=&#8221;4425&#8243; img_size=&#8221;300X200&#8243; alignment=&#8221;center&#8221; onclick=&#8221;custom_link&#8221; link=&#8221;https:\/\/espacestrategies.com\/en\/growth-themes\/growth-management\/&#8221;][vc_custom_heading text=&#8221;Growth Management&#8221; font_container=&#8221;tag:h4|font_size:18px|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221; link=&#8221;url:https%3A%2F%2Fespacestrategies.com%2Fen%2Fgrowth-themes%2Fgrowth-management%2F|title:Growth%20Management&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/4&#8243;][vc_single_image image=&#8221;4442&#8243; img_size=&#8221;300X200&#8243; alignment=&#8221;center&#8221; onclick=&#8221;custom_link&#8221; link=&#8221;https:\/\/espacestrategies.com\/en\/growth-themes\/organisational-development\/&#8221;][vc_custom_heading text=&#8221;Organizational Development&#8221; font_container=&#8221;tag:h4|font_size:18px|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221; link=&#8221;url:https%3A%2F%2Fespacestrategies.com%2Fen%2Fgrowth-themes%2Forganisational-development%2F|title:Organisational%20Development&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/4&#8243;][vc_single_image image=&#8221;4443&#8243; img_size=&#8221;300X200&#8243; alignment=&#8221;center&#8221; onclick=&#8221;custom_link&#8221; link=&#8221;https:\/\/espacestrategies.com\/en\/growth-themes\/strategic-planning\/&#8221;][vc_custom_heading text=&#8221;Strategic Planning&#8221; font_container=&#8221;tag:h4|font_size:18px|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221; link=&#8221;url:https%3A%2F%2Fespacestrategies.com%2Fen%2Fgrowth-themes%2Fstrategic-planning%2F|title:Strategic%20Planning&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/4&#8243;][vc_single_image image=&#8221;4444&#8243; img_size=&#8221;300X200&#8243; alignment=&#8221;center&#8221; onclick=&#8221;custom_link&#8221; link=&#8221;https:\/\/espacestrategies.com\/en\/growth-themes\/vision-and-long-term-framework\/&#8221;][vc_custom_heading text=&#8221;Vision and Long-Term Framework&#8221; font_container=&#8221;tag:h4|font_size:18px|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221; link=&#8221;url:https%3A%2F%2Fespacestrategies.com%2Fen%2Fgrowth-themes%2Fvision-and-long-term-framework%2F|title:Vision%20and%20Long-Term%20Framework&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row css=&#8221;.vc_custom_1473782200425{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}&#8221;][vc_column css=&#8221;.vc_custom_1473782209001{padding-top: 0px !important;}&#8221;][vc_single_image image=&#8221;5642&#8243; img_size=&#8221;2560&#215;800&#8243; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1675784037313{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}&#8221;][vc_text_separator title=&#8221;Commercial Development Corporations&#8221; color=&#8221;orange&#8221; border_width=&#8221;5&#8243; el_class=&#8221;invert dx-h1&#8243;][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1663702384875{background-color: #ffffff !important;}&#8221;][vc_column width=&#8221;1\/12&#8243;][\/vc_column][vc_column width=&#8221;10\/12&#8243;][vc_row_inner css=&#8221;.vc_custom_1555443728371{padding-top: 30px !important;}&#8221;][vc_column_inner][vc_column_text] WHAT IS A COMMERCIAL DEVELOPMENT CORPORATION (CDC)? A Commercial Development Corporation (CDC) is an association of merchants and business&hellip;<\/p>\n","protected":false},"author":2,"featured_media":6750,"parent":7522,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"class_list":["post-7542","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Commercial Development Corporations | Espace Strat\u00e9gies<\/title>\n<meta name=\"description\" content=\"A Commercial Development Corporation (CDC) is an association of merchants and business individuals located on a street or within a defined geographical area.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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