To support its mission the Palace will:

• Offer a wide variety of professional level stage performances that embrace the talents of local amateur performers who compete for roles through open auditions.
• Provide training to the youth and the community in the performing arts to grow and develop their skills and self-confidence.
• Enhance the historic preservation of Georgetown by properly maintaining the historic Palace Theatre building.
• Honor community involvement and external financial support by operating on a sound financial basis.
• Contribute to the economic viability of downtown Georgetown by drawing tourists and the local community to the downtown area.
• When available, provide a venue to the community for meetings, lectures and performances.