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Agenda - Economic Development Authority - 01/25/2018
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Agenda - Economic Development Authority - 01/25/2018
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Meetings
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Economic Development Authority
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01/25/2018
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Iduction <br />outer reaches of the Twin Cities metro, the City of Ramsey has long been a place coveted by busir <br />to expand. Now, as Ramsey finds itself more integrated into the metro area, it aims to establish a b <br />or to cultivate local talent and bring opportunities from the region. This project considers the city's <br />es to propose an incubator that capitalizes on Ramsey's future potential. <br />:ity Limit <br />950 <br />960 <br />970 <br />980 <br />990 <br />000 <br />Iren Water <br />of the Contiguous Edge of Development in the Twin <br />ropolitan Area 1950-2000 <br />• For decades the city of Ramsey has been outside of the contiguous urba <br />boundary. Within 30 minutes of the Twin Cities, Ramsey is a short distance frc <br />amenities the region has to offer. <br />• Paired with inexpensive, undeveloped land, the city has become a rui <br />businesses looking to expand. <br />• As developments along Highway 10 and the Northstar commuter rail con <br />the boundary northward, Ramsey sits on the cusp of being enveloped <br />growth and the opportunities that come with development. <br />Nearby Amenities: Time from <br />Ramsey <br />Manufacturing <br />Hub <br />Anoka -Ramsey <br />Community College <br />and Anoka Technical <br />College <br />5 major companies <br />including Medtronic, <br />Aveda and Pentair <br />17 Fortune 500 <br />Companies <br />10+ of higher education <br />institutions including the <br />University of Minnesota <br />Sources: Forbes, TnpSavvy, Weicome[TwinGties, City of Ramsey <br />Dn opportunity is one thing, making the most of it is another. The city of Ramsey is focused on converting the opportunity of gi <br />change in its latest comprehensive plan. With the introduction of the COR (Center of Ramsey) development district, the cit <br />I the anticipated influx and development into concrete results that can greatly add to what the city has to offer. <br />e COR outlines how future development will occur in the city, it does not indicate what will anchor it in Ramsey. For this a <br />:h is needed, one that grasps on to local talent and tenacity to start building upon this foundation. <br />,ss incubator is a model that can help local entrepreneurs get their start up off the ground by providing various spaces and sul <br />:an provide the necessary catalyst for Ramsey to innovate as it looks towards the future. <br />Incubators can take on many forms in practice to provide the <br />s that startups need to grow. This project aims to analyze the city of <br />in terms of offerings and opportunities. Based on research findings <br />rviews with local business owners, we distill key values the city of <br />should take into account when envisioning an incubator. Using these <br />7s a guide, we develop models for various types of incubators than <br />successful in fostering businesses and attracting development to <br />)n. <br />'n Opportunities The Ramsey <br />to Grow Advantage <br />Business Owner <br />Interviews <br />Incubator <br />Options <br />Resilient <br />Financing <br />Food Service Coworking Ma <br />Incubator Incubator It <br />For a city on the edge of urbanization, business incubators can act as catalysts for business grc <br />
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