Gyeonggi-do, 'Enhancing Competitiveness of Marginalized Alley Merchants'... Community Support

Concurrent Promotion of Alley Commercial District Collaboration Project... Recruiting Participating Commercial Districts Until the 11th of Next Month

File photo (unrelated to the article) Photo by Kang Jin-hyung

[Asia Economy Reporter Ra Young-cheol] Gyeonggi Province is promoting the 'Alley Commercial District Community Support Project' to strengthen the competitiveness of small business owners in alley commercial districts who have been excluded from support due to the absence of merchant associations through organization.

According to the province on the 18th, this year’s public contest will be divided into two categories: new organization and growth support.

'New organization' involves grouping 30 individual small business stores into one community by supporting commercial district analysis and consulting. This year, 25 locations will be selected and approximately 20 million KRW will be supported per commercial district.

'Second-year growth support' targets communities newly organized last year, providing management education, field training, and joint facility improvements. This year, 46 locations will be selected and supported up to 12 million KRW per location.

'Third-year growth support and beyond' assists communities that have completed two years of growth support (commercial districts participating in the 2019?2020 projects) to enhance competitiveness. This year, 184 locations will be selected and supported differentially from 7 million KRW up to a maximum of 12 million KRW depending on the capabilities of each commercial district.

Along with this, a 'Alley Commercial District Community Support (Collaboration Contest)' project will be promoted for merchant associations that have successfully completed the existing organization support project, collaborating with local organizations, universities, and city/county governments to enable growth and development.

This year, the contest will be conducted in four categories: local organization collaboration, win-win agreement signing, university collaboration, and city/county collaboration, supporting a total of 40 alley commercial districts with 15, 10, 10, and 5 locations respectively.

'Local organization collaboration' supports up to 30 million KRW when alley commercial districts collaborate with local organizations such as non-profit private groups to promote facility improvements and resident convenience projects.

'Win-win agreement signing' supports up to 30 million KRW for commercial districts that have signed various win-win agreements, including compliance with the Commercial Building Protection Act, with more than 10 landlords, for space creation, marketing, and experience programs.

'University collaboration' supports up to 30 million KRW in a field where alley commercial districts collaborate with students majoring in art, video, advertising, etc., from local universities to revitalize commercial districts through integrated logos, promotional videos, signboard designs, and various content.

'City/county collaboration' is a newly established category this year, supporting up to 50 million KRW when alley commercial districts and city/county governments collaborate to discover commercial district revitalization projects.

Jo Jang-seok, head of the Small Business Division, said, "We will promote the project to breathe new life into alley commercial districts struggling due to COVID-19 and help them become a strong growth axis of the local economy."

This content was produced with the assistance of AI translation services.