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Page 110 <br />More specifically, this data examines the quantitative aspect of the community's retail <br />opportunities. This type of analysis is sometimes called "a gap analysis" or "a supply and <br />demand analysis" and can indicate how well the retail needs of local residents are being met, <br />uncover unmet demand and possible opportunities, describe the strengths and weaknesses of <br />the local retail sector, and measure the difference between actual and potential retail sales. <br />Within the Ramsey Summary document included as Appendix ****, industries are also listed by <br />North American Industry Classification System (NAICS) drawn from the US Bureau of Labor <br />Statistics; NAICS codes can indicate connections between industries and businesses, thus <br />allowing for targeted recruitment of related businesses. <br />The trade area is shown below, as defined by the City of Ramsey: <br />Figure 1, retail market for the City of Ramsey <br />Retail Market Power 1 Map <br />Trade Area: Ramsey, MN <br />jn5 <br />Lon: <br />EFk RFve7t��. <br />7011, 5 t hE <br />For. Fblln, <br />=clfj,lut, <br />179.AveN <br />NLv fFien <br />Daytona <br />Coll <br />Club <br />N ❑ian,�,�d„r, Ac <br />Giarn nd <br />La Vs <br />i € yto <br />s <br />Oak Grove <br />161.A., NW <br />Learel iht1P://Laat <br />And <br />NWR+J. <br />Oda I Powered 4Y FSri OntLoslJW W W: @Sf7.d]rnj I F1535r NOAA <br />een.,anoe 01, <br />I'I <br />167NF f1'Iq. <br />%m Lake <br />