5.0 EDSR 12-08-2008ITEM ~ 5.
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MEMORANDUM
TO: Economic Development Authority
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FROM: Annie Deckert, Economic Development Assist~nf! 1 _'
DATE: December 8, 2008
SUBJECT: UPDATE: Retail Trade Analysis Presentation
BACKGROUND
At the May 12, 2008 EDA meeting, EDA authorized staff to enter into a contract with the U
of M Extension service to conduct a Retail Trade Analysis and Workshop. At the August I I,
2008 meeting, EDA authorized Staff to partner with the Chamber of Commerce to set up
the RTA Community Workshop.
An RTA report and workshop help a community evaluate the health of their retail sectors.
It provides local sales data, comparing your community to others, which in turn helps assess
strengths and opportunities for our local businesses. This data specifies the actual retail
potential, identifying retail opportunities, as well as the types businesses that draw shoppers
away from our community.
The workshop will be held on Thursday, January 22"d, 2009 from 9:OOam- 10:30 am at
City Hall. (invite attached). Please RSVP to the Chamber at 763-44 I -3 I I 0 no later than
January 15`h, 2009. Refreshments will be served.
Invites have been distributed through the Chamber Member Business list, as well as Metro
area developers who specialize in retail developments.
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CAN I BUY IT
IN ELK RIVER?
Please loin us on Thursday,
January 22nd at Elk River City Hall
from 9:OOam-10:30am. Claudia Cody,
University of Minnesota Extension
Service will leading the Retail Trade &
Analysis Workshop.
This workshop will provide the local sales data which:
• Assesses retail strengths and opportunities
• Benefits existing businesses and may attract new businesses
• Identifies retail opportunities
• specifies retail potential
A documented report that will be made available to future developers
which will help support the need for specific businesses. Refreshments
are provided.
Please RSVP to the Elk River Chamber of Commerce at
763-441-3110 by Thursday,January 15th.
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