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Agenda - Economic Development Authority - 12/08/2016
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Agenda - Economic Development Authority - 12/08/2016
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3/17/2025 2:31:58 PM
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12/2/2016 4:19:32 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
12/08/2016
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STATE HWY 47 & 167TH 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 Tel: 811.332.3681 <br /> 2651 South Polaris Drive Fax: 811.332.3686 <br /> Fort Worth, TX 16131 Btraon- www.buxtonco.com <br /> 01/21/2011 14 of 14 <br /> Data Sources: Applied Geographic Solutions, Inc., Copyright 2009 <br />
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