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• <br /> STEP 1. WHO Is DOING BUSINESS DOWNTOWN Now? <br /> BUSINESS INVENTORY <br /> ) <br /> The business development team needs an inventory of all businesses in the downtown or <br /> business district.For maximum practicality the list should be kept on computer so that mailing <br /> lists and business directories can be easily put together when needed. <br /> To Do: <br /> 1. Complete an inventory of businesses in the downtown or business district. <br /> 2. Organize the business list into categories for inclusion in a business directory and in the <br /> recruitment packet. <br /> Things to include in a business inventory: <br /> • Date completed <br /> • Business <br /> 1 Name <br /> o Address <br /> • o Phone <br /> ib Owner <br /> • Local Contact(if different than owner) <br /> Name <br /> 0 Title • <br /> • Business type <br /> « For this category,smaller communities may want to use a simple categorization such as <br /> traditional retail,government,service retail,housing,restaurant/bar,cultural,office, and <br /> vacant. <br /> Larger communities may want to categorize all businesses on a computer database,using <br /> the Census system of Standard Industrial Classification(SIC)codes(See Sources).This <br /> will allow easier analysis of trends and facilitate sorting the information into a business <br /> 4 directory format later on. <br /> • Size of space in square feet <br /> This measurement allows the team to total up square footage of retail,or square footage <br /> by type of business, and to calculate a vacancy rate. <br /> 4 <br /> PROPERTY INVENTORY <br /> 4 STEP BY STEP MARKET ANALYSIS-1 <br /> 4 <br />