PHILIPSBURG REVITALIZATION CORPORATION

THE PRIMARY EXEMPT PURPOSE OF THE PHILIPSBURG REVITALIZATION CORPORATION (PRC) IS TO ADMINISTER THE PHILIPSBURG MAIN STREET PROGRAM, WHICH IS A DOWNTOWN REVITALIZATION PROGRAM UNDER GUIDELINES OF THE NATIONAL TRUST FOR HISTORIC PRESERVATION. THE ENTIRE PHILIPSBURG AREA SERVICED IS A HISTORIC DISTRICT. THERE ARE FOUR COMPONENTS OF THE PROGRAM, AND ALL ARE TREATED AS EQUALLY IMPORTANT. TIME IS DIVIDED EQUALLY AMONG THE FOUR COMPONENTS.