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g Existing Assets - Simplify the Process <br />it economic growth and encourage retail developmment Ramsey needs to identif, <br />uild on its existing assets, entrepreneurial potential and availability of space. By <br />ying the assets that offer the best opportunities for growth, it will be easier to develc <br />nplement strategies to support them. <br />can Ramsey help future development? <br />Create a Collective Vision <br />To successfully develop the retail enconomy, Ramsey must engage <br />residents, business owners, and other stakeholders to collectively develop <br />a vision for the future. Stakeholder engagement helps ensure that plans <br />reflect the community's desires, needs, and goals and generates public <br />>support that can maintain momentum for sustainabily implementing <br />changes and remain resilient for the future. Community -designed <br />goals with supported plans encourage local action and help build in <br />accountability in the process of accomplishing projects that align with <br />long-term plans. <br />Simplify the Process <br />Make it easier for interested businesses and developers to invest in the <br />community in ways that support the community's long-term priorities. <br />Tactics to facilitate private -sector investment include streamlining <br />the development process, providing technical assistance, and <br />creating informational guides. Ramsey can create a COR/commercial <br />development resource program that provides developers with an <br />inventory of all the buildings in the retail nodes with information that helps <br />encourage investment, including physical characteristics of buildings, <br />rental rates, ownership, and design requirements. <br />Facilitate Adaptive Reuse of Vacant Land and Buildings <br />The City of Ramsey has an opportunity to redefine retail for the <br />community. By developing land or repurposing vacant space themselves, <br />L the City of Ramsey can create lower -risk, and lower -cost opportunities for <br />tentrepreneurs to utilize physical and social assets unique to Ramsey while <br />promoting retail growth in the community. A successful model of this is the <br />Midtown Global Market in Minneapolis. A variety of vendors are all present <br />in a centralized location, promoting a family -friendly and walkable <br />opportunity for residents to shop for many needs at once, creating a retail <br />destination. <br />Use Small Business Development Centers <br />Minnesota is home to nine Small Business Development Centers (SBDC), <br />with Ramsey located between centers in St. Cloud and downtown <br />Minneapolis. A SBDC can help new businesses at every step of the way, <br />particularly those looking to turn a concept into a reality. Ramsey needs <br />to encourage entrepreneurs to use existing centers for strategic planning, <br />access to capital, and professional guidance and resources they can <br />offer. The City of Ramsey could also invest in a staff position of Small <br />Business Navigator to provide site specific resources and consultations with <br />those looking to start a business. <br />1 <br />LAND FOR SALE ,,d0 FOR SALE <br />COR C44, <br />R . <br />..,. .... <br />CBRE svF•-CBRE <br />Pooft. equipment stall be screen. <br />frorr the line of site of pedestrians a. <br />. i. I <br />-� <br />integrated design and massing <br />n, eroof form <br />� <br />' <br />Mag,WmmeRa Minting <br />L <br />L i i I <br />,.. <br />_ _. , <br />.u, --9 <br />, .. ,,„,„, ..: <br />r 1 .. . _, <br />r L <br />� 1 <br />AMERIC <br />/0 <br />O <br />41 <br />A <br />II <br />MINNESOT <br />Successful cities complement retail recruitment by emphasizing their existing assets and <br />