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Recommendations Overall, our findings suggest that the Ramsey CDA is currently underserved in terms of full -service restaurants. However, we also found that it is difficult to make profit for a food incubator. We think it is very likely that a restaurant incubator in Ramsey will not make profit in operation. However, we also recommend the city to consider the societal impact of the restaurant incubator, for example, empowering small -businesses owned by women, minority or low-income groups as well as serving the needs of local residents. Additionally, high median income is a huge asset for Ramsey that shows the economic stability of the current residents. It should also be viewed as a great attraction for potential tenants at the restaurant incubator and other related developments. Finally, a huge amount of available land is also an asset for Ramsey. The government should couple this with appropriate policies that smoothen the business development initiatives on these tracts of land. The city should also leverage the current attraction points around the COR to attract new tenants. During our research, we found several caterers and home -based food businesses located in Ramsey. We think if the city can consolidate these businesses into one incubator space and provide training and supportive services listed in Local restaurant incubators section, it will likely to help this business to save on cost and expand beyond their current capacity. Pricing of the incubator should be in -line with local competitions. This will ensure a steady revenue for the incubator, whether it is non-profit or for -profit. A detailed "price - benefit map" analysis can be very helpful for determining a sustainable price model for the incubator. It is also very important to factor in the services that are being offered in the incubator to cater the needs of the tenants. Finally, decision -makers need also consider the funding source of the incubator. We think it is unlikely that a private for -profit company will be very interested in operating such incubator, due to low -profit margin. From our survey of nationwide incubators, it appears several incubators located in rural regions are supported by state or federal grants. Additional efforts are needed to identify additional funding sources. Long-term recommendations The population and number of households in Ramsey are going to increase in short and long-term and so will the opportunity/gap in retail and food and dining services. Careful strategic planning is needed to meet the demand of the residents to retain food -related spending within the city. A way to that would be to complement the services offered at the other nearby retail nodes by providing a novel development in the city such as a food incubator. In the long-term, when the COR is fully built and when more retail spaces become available, the city should provide additional support, such as licensing process and business classes, to the incubator tenant to encourage 19