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ortu n ities for Growth <br />i of Ramsey has successfully leveraged its proximity to the Twin Cities and created a highly speciali2 <br />icturing sector. The city is now in a position to capatilize on this growth and bolster the growth of slo <br />Ding sectors. <br />Industry Employment per 1000 Residents Annual Household Income Distribution <br />opponunrty <br />ntertai nment & Food services <br />1 <br />Sdvantage <br />1 <br />Manufacturing Retail trade <br />■Ramsey ■Anoka County ■ Twin Cities Metro Area <br />above, the City of Ramsey has successfully facilitated the <br />f a highly specialized manufacturing sector. Ramsey has an <br />]I 30 manufacturing jobs per 1000 residents relative to the <br />win Cities metro area. The city of Ramsey has a manufacturing <br />quotient of 1.35, providing a substantial tax base and external <br />revenue (U.S. Census Bureau). <br />]Iso has a favorable local income distribution (top right). Over <br />Jrters of households have an annual income of over $60,000 <br />S of all households have an annual income of over $100,000 <br />sus Bureau) . <br />3ination of favorable income distribution and specialized <br />turing sector provide a foundation capable of supporting non- <br />ustries, such as local restaurants and entertainment venues. <br />Projected Employment Demand <br />Art, Entertainment & Food Services <br />Current Employment <br />i <br />County Ratio <br />+200 <br />2030 <br />r <br />County Ratio <br />+200 <br />City Ratio <br />2040 <br />40% <br />35% <br />30% <br />25% <br />20% <br />15% <br />10% <br />5% <br />0% <br />.11 ill II II in <br /><$20,000 $20,000 - $39,999 $40,000 - $59,999 $60,000 - $99,999 $100,000- $150,000 - <br />$149,999 $199,999 <br />■Ramsey ■Anoka County ■Twin Cities Metro Area <br />• In addition to the specialized manufacturing sector, Ramsey h <br />levels of employment in the Entertainment & Food services sec <br />relative to both Anoka County and the greater metro area (to <br />& bottom left). This under -employment in the food services prc <br />an opportunity for business incubation. If food & service industi <br />employment remains constant, relative to population growth, <br />can expect an additional 200 food & services industry jobs by <br />However, a successful incubator could result in double the job <br />(400 total additional jobs) by achieving employment similar to <br />Anoka County. <br />• As shown below, Ramsey has a local labor force capable of s' <br />additional creative and support industries. This is evidenced by <br />outward flow of service sector jobs experienced by the city. Le <br />this local talent will be crucial for the success of creative indusi <br />incubation. <br />U.S. Census Burec- <br />4,987 <br />Entering <br />Net Daily Labor Flows <br />12,108 <br />Leaving <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 />The combination of connections, resources and opportunities in Ramsey are prime for growth <br />r�s ii i._ _. ll_ _ ._ _ _ _ _ _ _.._ _._ _. _ _ _. ._ .I _. .._ ._ _ ._l _ _ _ _ _ 1 _ _ _1 _.._l ._ _ 11_ _ _'l. _. ._ 1 _. _'I'1 _.l _ 11 <br />