Incheon City Supports Alleyway Commercial Area Revitalization with 240 Million Won... 12 Locations Selected

[Asia Economy Reporter Park Hyesook] Incheon City is promoting the 'Alleyway Commercial District Community Revitalization Support Project' with a total budget of 240 million KRW to revitalize the stagnant alleyway commercial districts.

The maximum support amount per commercial district is 20 million KRW, and benefits are expected to be provided to around 12 commercial districts.

The support targets are commercial districts designated as 'Alleyway Commercial District Communities,' composed of more than 20 small business owners based in the alleyway commercial district, with an elected representative to lead the project. Any such organization can apply.

Merchant associations can choose necessary projects among three areas: joint marketing for commercial district revitalization, improvement of commercial district facility environments, and purchase of quarantine supplies.

Merchant associations wishing to receive support must submit application documents to the Incheon City Small Business and Low-Income Financial Welfare Support Center by the 25th. The city plans to conduct evaluations of applicants and select support recipients by the end of this month.

An official from Incheon City stated, "Until now, government policies and budgets have been concentrated on traditional markets and shopping districts, but have been insufficient for the majority of local alleyway commercial districts. We will implement systematic support policies so that alleyway commercial districts can grow into the main pillars of the local economy with competitiveness and branding."

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