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ACG <br />Conclusion <br />As the City of Ramsey knows, the cost of developing a business park can be significant and <br />there are never any guarantees of a return on the investment. There are many factors to con- <br />sider before investing in land and infrastructure to attract industrial and commercial develop- <br />ment. However, there is an old saying in economic development: "You must have a site that is <br />ready for development to be in the game". <br />Having a site that is ready to go or is "shovel ready" separates communities into winners and <br />losers at the start of the site location process. When the community is prepared with a site that <br />is ready to accept development, the odds improve significantly that the community will receive <br />a visit from a potential prospect. In todays world, the competition is keen for economic devel- <br />opment due to its impact on tax base, job creation and related income. Communities with <br />sites that are prepared are the ones who will achieve success. <br />Ramsey Business Park Phase 1 Research Report 7 <br />