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ITEM ~ 5. <br />ver <br />MEMORANDUM <br />TO: Economic Development Authority <br />,~ <br />FROM: Annie Deckert, Economic Development Assist~nf! 1 _' <br />DATE: December 8, 2008 <br />SUBJECT: UPDATE: Retail Trade Analysis Presentation <br />BACKGROUND <br />At the May 12, 2008 EDA meeting, EDA authorized staff to enter into a contract with the U <br />of M Extension service to conduct a Retail Trade Analysis and Workshop. At the August I I, <br />2008 meeting, EDA authorized Staff to partner with the Chamber of Commerce to set up <br />the RTA Community Workshop. <br />An RTA report and workshop help a community evaluate the health of their retail sectors. <br />It provides local sales data, comparing your community to others, which in turn helps assess <br />strengths and opportunities for our local businesses. This data specifies the actual retail <br />potential, identifying retail opportunities, as well as the types businesses that draw shoppers <br />away from our community. <br />The workshop will be held on Thursday, January 22"d, 2009 from 9:OOam- 10:30 am at <br />City Hall. (invite attached). Please RSVP to the Chamber at 763-44 I -3 I I 0 no later than <br />January 15`h, 2009. Refreshments will be served. <br />Invites have been distributed through the Chamber Member Business list, as well as Metro <br />area developers who specialize in retail developments. <br />