Rules for Successful Tourism Marketing

Tourism is an important economic activity because it brings in dollars from outside the community. It continues to be a fast growing sector and is typically included among the top three industries in the country. In addition, tourism provides a “front-door” to non-tourism economic development efforts such as business recruitment. Roger Brooks, a nationally recognized expert in tourism development spoke about rules for success at the 2004 Wisconsin Governor’s Conference on Tourism in Green Bay. Many of his rules apply to the tourism marketing efforts of small city downtowns and business districts. Presented in this article is a summary of his keynote address titled 15 Immutable Rules of Successful Tourism.

Read More...

Downtown Housing Opportunities

The housing industry will have to cater to an increasing range of needs and preferences as demographic changes occur at both the national and community level. Listed below are the needs and preferences of specific market segments as they relate to downtown housing.

Read More...

Ten Steps to a Living Downtown

Housing is a critical component of a vibrant downtown economy. While strong market demand is necessary for a residential downtown to thrive, city governments can facilitate, rather than impede, the working of these forces. This article summarizes a paper prepared for the Brookings Institution that describes steps city officials and others can take to foster a living, 24-hour downtown.

Read More...

Making Downtown a Place to Live, Work and Play

A key strategy in downtown revitalization efforts is the creation of a mixed-use, 24-hour per day/7-day per week (24/7) environment for living, working, shopping and entertainment. Recently, the Wisconsin Governor’s Conference on Downtown Revitalization focused on creating such an environment. The conference featured Betsy Jackson, a nationally respected urban development consultant who spoke on the management and leadership needed in communities to make a vibrant 24/7 business district. Ms. Jackson’s key points are summarized in this article.
~Thumbnail by Jeff Miller of UW Wisconsin

Read More...

Consumer Spending by Age Group

American households spend $4 trillion a year according to the latest figures from the 2000 Consumer Expenditure Survey. This equals approximately $38,000 per household. However, the demographic composition of each household helps determine exactly how much is spent and for what products and services. Often the age of the person who rents or owns the home (the householder) can indicate how that household spends its money. Summarized below are descriptions of six age categories of householders as reported in a recent consumer spending special report published in American Demographics.

Read More...

Downtown and Business District Market Analysis

Downtowns typically lack the market research support to form a reponse to economic leakage. The University of Wisconsin-Extension and the Wisconsin Department of Commerce -Main Street Program have developed a comprehensive market analysis toolbox in order to offer assistance. This guidebook’s sections are divided into three major parts: understanding Market Conditions, Identifying Market Opportunities by Sector and Developing Market-Driven Srategies.

Read More...

Capturing Commuter Expenditures

Small communities with large employers often have a significant day-time population made up of commuters. These in-commuters offer the retail and service businesses in a community an additional market opportunity
to generate sales. Research by Steve Deller and Martin Shields suggests that sales can be high in regions with high levels of incommuting. Further, research by Gary Green points to significant dollars spent by commuters in their daily travels to and from work. This issue discribes some of the spending characteristics of commuters to help business leaders better understand the potential of this market segment.

Read More...

Analyzing County Retail Sales: Calculations of Surplus/Leakage

An analysis of the strengths and weaknesses of the existing retail market can enable local leaders and development practitioners to foster a more conducive environment for retail business development. “Trade Area Analysis” tools allow the analyst to estimate surpluses and leakages of retail dollars to/from counties.

Read More...

Tourist Prospecting Using GIS

Analyzing tourism customers can be a complicated process. As these visitors may be traveling great distances, it can be more difficult to acquire customer information than with a traditional analysis of local residents. Nonetheless, understanding these customers requires obtaining information about their places of origin, as well as data about their demographics
and lifestyles. This article discusses how a technology called geographic information systems (GIS) can be used to solve these problems.

Read More...

Retail Expenditure Potential by Store Type

Data on retail expenditure potential can be used to provide valuable information for identifying retail expansion and recruitment opportunities in your community.  This article provides an overview of a consumer expenditure potential database purchased by the Center for Community Economic Development and presents data to describe buying behavior in Wisconsin.  

Read More...