Fabulous Ferndale: It’s Booming!
Ferndale is growing! While much of the country — and the state — is struggling with home foreclosures, massive layoffs, and a tight credit market, Royal Oak’s neighbor to the south added several new businesses and generated over 200 new jobs last year, according to the Ferndale Downtown Development Authority.
As city after city announces news of impending financial doom, Ferndale released a ray of light recently in announcing its better-than-expected growth rate. Last year, 15 businesses closed their doors, but 26 opened which is a net gain of 233 percent according to the Ferndale Downtown District Authority. Sixty-five jobs were lost, and 290 were created. —Lana Mini for Hometownlife.com
Lana Mini’s article in Hometownlife.com cites new projects such as the Lofts on 9 (condominiums), the Foley Mansfield Law Firm rehabilitation of the historical library, The Loving Touch billiards hall, Blumz flower shop, and Go Comedy! The DDA’s Executive Director Cristina Sheppard-Decius reports that several projects are in the works for 2009. (One of these includes a complete rehab of an apartment building by our owner, Urbane Apartments — article here.)
More on Ferndale and it’s strategy for success, after the jump . . .
So, what’s the secret to Ferndale’s success?
I am asked that question all the time. If I had the exact formula I could write a book. But, a key factor is that this is a very open-minded community. It’s inclusive. People here are very active, they don’t just move here and sit back and do nothing. –City Manager Bob Bruner
Ferndale’s large gay and lesbian population can’t hurt either (not to brag, but we’re renowned for improving the neighborhood)! Notably, Ferndale was the first city in Michigan to elect an openly-gay mayor when Craig Covey was elected to that post in November 2007.
What’s your favorite spot in Ferndale? Let us know below . . .