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City of Ramsey 2030 Comprehensive Plan <br />Chapter 12: Economic Development <br />concentration of middle class residents, exceeding the metro average in every <br />income category between $50,000 and $99,999. <br />Table 12-8: Household Income, 2000 <br />Incorre <br />Hammy <br />MS° Metro Area <br />I-buseholds <br />Fercentage <br />I-buseholds <br />Rsfcentage <br />Less than $10,000 <br />70 <br />1.2% <br />53,201 <br />5.2% <br />$10,000 to $14,999 <br />83 <br />1.4% <br />42,019 <br />4.1% <br />$15,000 to $24,999 <br />130 <br />2.2% <br />94,467 <br />9.2% <br />$25,000 to $34,999 <br />320 <br />5.4% <br />112,968 <br />11.1% <br />$35,000 to $49,999 <br />770 <br />13.0% <br />159,422 <br />15.6% <br />$50,000 to $74,999 <br />2,022 <br />34.1% <br />233,671 <br />22.9% <br />$75,000 to $99,999 <br />1,361 <br />23.0% <br />148,158 <br />14.5% <br />$100,000 to $149,999 <br />778 <br />13.1% <br />114,712 <br />11.2% <br />$150,000 to $199,999 <br />196 <br />3.3% <br />31,043 <br />3.0% <br />$200,000 or more <br />196 <br />3.3% <br />32,350 <br />3.2% <br />Total <br />5,926 <br />100.0% <br />1,022,011 <br />100.0% <br />Source: U.S Census <br />C. The Plan for Economic Development <br />Future economic development should be a coordinated effort between the City <br />Council, the Ramsey Economic Development Authority and the business community. <br />Decisions should be guided and based upon a set of goals and policies that are <br />community driven. <br />1. Economic Development Goals <br />The following are Economic Development goals and strategies developed <br />as part of the Comprehensive Plan Update process: <br />a) A diverse economic environment where a variety of businesses <br />can grow and thrive <br />STRATEGIES: <br />1. Foster communication between the City and the business <br />community - <br />2. Explore programs and activities to attract larger employers and <br />employers that provide high -paying jobs <br />3. Continue to monitor options for a community -wide technology <br />plan to meet business technology needs (fiber-optic and/or wi-fi) <br />4. Promote redevelopment of underutilized parcels within industrial <br />areas and along major transportation corridors^ <br />5. Explore opportunities for additional city -sponsored business <br />events <br />6. Enhance communication between City and business community <br />7. Continue business retention and subsidy programs <br />8. Continue partnerships with neighboring cities and local <br />chambers of commerce <br />City of Ramsey 2030 Comprehensive Plan Page 12-10 <br />