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Agenda - Economic Development Authority - 08/25/2011 - Special Meeting
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Agenda - Economic Development Authority - 08/25/2011 - Special Meeting
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3/19/2025 2:48:40 PM
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8/23/2011 3:30:08 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Title
Special Meeting
Document Date
08/25/2011
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STATE HWY 47 & I67TH AVE NW, RAMSEY, MN 55303 (12 Retail Leakage and Surplus <br />minute drive time) Analysis <br />Sources and Methodology <br />The primary data sources used in the construction of the database include: <br />• Current year AGS (Applied Geographic Solutions) Consumer Expenditure Estimates <br />• Census of Retail Trade, Merchandise Line Sales <br />• Census Bureau Monthly Retail Trade <br />The Census of Retail Trade presents a table known as the Merchandise Line summary, which relates <br />approximately 120 merchandise lines (e.g. hardware) to each of the store types. For each merchandise line, <br />the distribution of sales by store type can be computed, yielding a conversion table which apportions <br />merchandise line sales by store type. <br />The AGS (Applied Geographic Solutions) Consumer Expenditure database was re -computed to these <br />merchandise lines by aggregating both whole and partial categories, yielding, at the block group level, a series <br />of merchandise line estimates which are consistent with the AGS Consumer Expenditure database. <br />These two components were then combined in order to derive estimated potential by store type. The results <br />were then compared to current retail trade statistics to ensure consistency and completeness. <br />Buxton <br />2651 South Polaris Drive <br />Fort Worth, TX 76137 <br />07/21/2011 <br />BuNaorr <br />Tel: 817.332.3681 <br />Fax: 817.332.3686 <br />www.buxtonco.com <br />14 of 14 <br />Data Sources: Applied Geographic Solutions, Inc., Copyright 2009 <br />
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