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The city has initiated some widespread and continuing renovation in downtown, particularly to the streetscape ; private owners have similarly renovated many commercial buildings.
There has also been residential development on recovered industrial lands ( brown fields ) in the southeastern part of the borough.
Downingtown is the location of some large regional and national businesses, including DNB ( Downingtown National Bank ), First National Bank of Chester County and Victory Brewing Company.
In 1988, a stall in its farmer's market was the first place where pretzels were sold by the founders of Auntie Anne's, now a global company with 1, 000 stores and $ 375 million in annual sales.

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