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Gary Renaissance Organization:
Mission & Vision
Mission
The Gary Renaissance Organization is dedicated to transforming Gary, Indiana, from a city with high vacancy rates and economic struggles into a thriving, vibrant community. Our mission is to:
1
Rehabilitate and Repurpose Vacant Properties
2
Foster Economic Development
3
Engage and Empower the Community
4
Enhance Quality of Life
5
Promote Sustainable Growth
Vision
Our vision is to see Gary, Indiana, become a beacon of urban renewal and community resilience, characterized by:
1
Vibrant Neighborhoods
2
Economic Prosperity
3
Strong Community Spirit
4
Innovative Solutions
5
Sustainable Development
Strategic Goals
To achieve our mission and vision, the Gary Renaissance Organization has outlined the following strategic goals:
1
Reduce Vacancy Rates
2
Attract Investment
3
Support Local Entrepreneurs
4
Enhance Public Spaces
5
Improve Infrastructure
6
Foster Collaboration
Core Values
Our work is guided by a set of core values that underpin everything we do:
1
Community-Centered
2
Innovation
3
Sustainability
4
Collaboration
5
Integrity
By adhering to these values and striving towards our mission and vision, the Gary Renaissance Organization is committed to transforming Gary into a vibrant, prosperous, and resilient city. ary, Indiana, faces a significant challenge with vacant properties, especially in ZIP code 46402. This area has an estimated 709 vacant homes, resulting in a staggering vacancy rate of 34.1%, the highest of any ZIP code in the United States, according to ATTOM Data Solutions, a real estate information company. In comparison, the national vacancy rate is only 1.26%.
Other ZIP codes in Gary also suffer from high vacancy rates, which contributes to the city’s appearance of abandonment and uninviting atmosphere. These numerous vacant homes negatively impact property values, with the median home value in ZIP 46402 standing at just $64,200, according to five-year estimates from the U.S. Census Bureau’s 2020 American Community Survey. For context, the typical home nationwide is worth $229,800.
The high vacancy rate in certain neighborhoods is a symptom of Gary’s broader economic struggles. The city has a poverty rate of 32%, based on Census estimates from July 2022, and an unemployment rate of 4.9% as of February 2023, according to preliminary estimates from the Bureau of Labor Statistics. In comparison, the national poverty rate is 11.6%, and the national unemployment rate is 3.6%.
The Path Forward:
Revitalization Strategies
To address these challenges, the Gary Renaissance Organization aims to transform these vacant properties and bring vibrancy back to the city. Here are some key strategies:
Property Rehabilitation Programs
Community Engagement
Economic Development
Partnerships with Nonprofits and Government Agencies
Focus on Infrastructure Improvements
Marketing and Promotion
By implementing these strategies, the Gary Renaissance Organization aims to not only reduce the vacancy rate but also revitalize the city’s economy, enhance property values, and improve the quality of life for its residents. This comprehensive approach is essential for turning Gary from a city plagued by vacancies to one that is vibrant and thriving.
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