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(Figure 2) However, households led by Generation X (age 35-55), on average spend more dollars on food away from home than the other age groups. Considering the median age of Ramsey is around 34.9, it is likely most households are led by people of the Generation X age group. This suggests that the city's demographics, in addition to the higher median household income level, are a positive characteristic of in terms of food expenditures at restaurants. It is worth noting that Ramsey is the major population center of the CDA. Although Anoka and Coon Rapids also have large populations, there is also a large and established restaurant node in that region. It is likely that the Ramsey restaurant CDA will only capture a fraction of the population living in Anoka and Coon Rapids. Market size Based on the demographics of Ramsey and the expenditure data shown in Figure 2, we estimate Ramsey CDA to spend approximately 1.5 times more than the national average, or approximately: $3,864.39 X 1.5 = $5,798 per household. The total annual expenditure for food outside of home for the Ramsey CDA is estimated to be: $5,798 X 22,698 = $131,603,004. The 2018 Zagat dining trend survey suggest average cost of a restaurant meal is $36.4 per person and an average respondent dine out 5.9 times a week, of which 4.9 times are lunch and dinner. If we assume similar numbers for Ramsey, we estimate the Ramsey CDA spend approximately: $131,603,004 X 4.9/5.9 = $109,297,410 on lunch and dinners. Based on the 2017 Restaurant Industry Pocket Factbook published by the National Restaurant Association14, the average unit sales of a full -service restaurant in 2014 was $992,000 and a quick service restaurant was $861,000. This suggests the Ramsey CDA can support: Full service restaurants: $109,297,410/$992,000 = 110 Quick service restaurants: $109,297,410/$861,000 = 127 Based on the Claritas data collected previously15, similar calculations yield that the trade area can support as many as 152 food services and drinking places. Considering the variety of restaurants, we conclude that the Ramsey CDA has a market size that can support between 110 to 152 restaurants. U.S. Kitchen Incubators Industry Overview There are two reports from 2013 and 2016 published by American Communities Trust, Econsult Solutions, and Urbane development that highlight the food incubator 14 http://www.mnrestaurant.org/uploads/2/8/9/5/28957157/nra_pocket_factbook_feb_2017-final.pdf 15 Claritas. Claritas - Consumer Buying Power 2017. s.l. : Claritas with environics analytics, 2017. 5