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'uIJII LOIJ`.JV11V1111y III RIJIIlJCy W 111911 IJ.IVCI I LI IC l.ILy J IJIUVVII IIJ. FJVIJUIQLIVI I, UI3fJU3CI JIC <br />le, and space for new shops and restaurants. Global retail is changing rapidly with <br />echnology and ways for people to shop and enjoy their time. Ramsey can becomE <br />er destination by taking advantage of its resources, creating a place for the talent <br />)mmunity members to grow, and becoming a model for the future of retail. <br />tory of Retail Today <br />Retail is Changing <br />)ally big box retailers have been <br />nsizing and closing stores for decades. <br />e shopping malls are no longer being <br />across suburban cities, and many <br />people are shopping online. <br />vaI Strategies <br />Branding a Unique Identity <br />a Reason to Shop in Ramsey: <br />need a reason to spend hard . <br />noney. Ramsey has unique assets <br />)p an identity lacking in nearby <br />)ordinate residents and developers <br />a cohesive vision of retail going <br />:hat all development will build <br />s: <br />unique assets <br />nate residents and developers <br />retail vision <br />cohesive retail story built around <br />y identity <br />rN t n I <br />Regional <br />Competition <br />• <br />Competition is High <br />Ramsey is surrounded by large retail <br />nodes hunting for eager shoppers. Cities <br />like Maple Grove, Coon Rapids, Otsego, <br />and Anoka all have established markets <br />easily accessible in less than a 23 minute <br />drive. <br />Utilizing Exisiting Assets <br />Retooling the Retail Economy: It is important <br />for Ramsey to utilize not only the physical <br />space but also the intellectual resources <br />of the community. The city can foster the <br />talents of the community through innovative <br />strategies to spur the retail development that <br />the commnity desires. <br />Strategies: <br />• Simplify new business start-up process <br />• Incentivize redevelopment, encourage <br />reinvestment <br />• Create low -risk opportunities for <br />entrepreneurers <br />rDern—ogr—aph7cs <br />• • <br />• • <br />Ramsey Inventory and Assets <br />Vacant space Is designated for <br />commercial development. There <br />more than 50 shops and restaurant <br />are located across the city but onl <br />located in the center of Ramsey. <br />_-- <br />Experience the Character of Rai <br />Leveraging Recreation: Ramsey has <br />advantage over its neighbors from it <br />nearby rivers, established and upcoi <br />bike trails and vacant space for neon <br />retail formats. Retail in Ramsey shout <br />create a fun and novel experience] <br />community to spend their time. <br />Strategies: <br />• Create retail identity through outd <br />expos and events <br />• Encourage development of destin <br />for outdoor enthusiasts <br />• Turn vacant space into places for <br />neighbors to stay a while <br />