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City of Ramsey 2030 Comprehensive Plan <br />Chapter 12: Economic Development <br />concentration of middle class residents, exceeding the metro average in every <br />income category between $50,000 and $99,999. <br /> <br />Table 12-8: Household Income, 2000 <br />RamseyMSP Metro Area <br />IncomeHouseholdsPercentageHouseholdsPercentage <br />Less than $10,000701.2%53,2015.2% <br />$10,000 to $14,999831.4%42,0194.1% <br />$15,000 to $24,9991302.2%94,4679.2% <br />$25,000 to $34,9993205.4%112,96811.1% <br />$35,000 to $49,99977013.0%159,42215.6% <br />$50,000 to $74,9992,02234.1%233,67122.9% <br />$75,000 to $99,9991,36123.0%148,15814.5% <br />$100,000 to $149,99977813.1%114,71211.2% <br />$150,000 to $199,9991963.3%31,0433.0% <br />$200,000 or more1963.3%32,3503.2% <br />Total5,926100.0%1,022,011100.0% <br />Source: U.S. Census <br /> <br /> <br />C. The Plan for Economic Development <br /> <br />Future economic development should be a coordinated effort between the City <br />Council, the Ramsey Economic Development Authority and the business community. <br />Decisions should be guided and based upon a set of goals and policies that are <br />community driven. <br /> <br />1. Economic Development Goals <br />The following are Economic Development goals and strategies developed <br />as part of the Comprehensive Plan Update process: <br /> <br />a) A diverse economic environment where a variety of businesses <br />can grow and thrive <br /> <br />STRATEGIES: <br /> <br />1. Foster communication between the City and the business <br />community~ <br />2. Explore programs and activities to attract larger employers and <br />employers that provide high-paying jobs <br />3. Continue to monitor options for a community-wide technology <br />plan to meet business technology needs (fiber-optic and/or wi-fi) <br />4. Promote redevelopment of underutilized parcels within industrial <br />areas and along major transportation corridors^ <br />5. Explore opportunities for additional city-sponsored business <br />events <br />6. Enhance communication between City and business community <br />7. Continue business retention and subsidy programs <br />8. Continue partnerships with neighboring cities and local <br /> <br />chambers of commerce <br /> <br /> <br />City of Ramsey 2030 Comprehensive Plan Page 12-10 <br /> <br /> <br />