Source: University of Minnesota Extension
Contact: Yiwen Li, Master of Geographic Information Systems Student
and Ryan Pesch, Extension Educator
E-mail: pesch@umn.edu
Phone: 218-770-4398
A tool for analyzing market opportunities in downtown business districts.
What businesses should you recruit for your vacant downtown storefronts? Which types of retail and service businesses make economic sense downtown for the size of your community? One way to begin to answer these questions is to compare a community’s downtown business mix to the mix in other communities with similar populations. This report gives community members valuable information for conducting this comparison –this analysis – including the average number of establishments and sales for a range of business categories for Minnesota downtowns from 1,000 to 100,000 in population. The authors have organized information by business type and community size and provided a worksheet for users’ convenience. Thus, this report and appendices provide a valuable tool for users.
