Belleville, KS – On Monday August 30th from 6:30 – 7:30 pm a free event will be hosted at the Blair Theater in Belleville. Republic County Economic Development with the Network Kansas E-Community Partnership (www.networkkansas.com), will present a summary of the Republic County Market Opportunity Profile which features data specifically on our retail markets. All are welcome, it will be most beneficial to existing retail businesses, investors, property owners, bankers, business resource providers, local government, and community leaders. This is a free event open to the public. The MOP report was developed for Republic County by Don Macke by e2 Entrepreneurial Ecosystems thanks to Network Kansas.
The report notes the total estimated market potential of three markets is $144 million:
– Permanent Residents $122 million: based on county household budgets.
– Ventures $15.3 million: based on businesses, nonprofit, and government spending.
– Visitors $6.4 million: based on travelers, tourists, and commuters.
*View full report here – https://bit.ly/3z7g6gv
A conservative estimate is that there is a Spending Capture Opportunity totaling over $51 million or 35% of our Gross Spending Potential of $144 million in the county. Also included is demographic information on our local market and spending data per household in retail markets. Provided is a breakdown of markets and our leakage or surplus of sales. For example, the county draws a surplus of sales for Furniture Stores, Gasoline Stations, and Florists but sees a leakage in Lawn and Garden, Clothing Stores, Restaurants/Other Eating Places.
After the presentation, we ask that community members, business owners, investors, and other stakeholders join us for questions and discussion on future opportunities in the county. This report is a launching point for conversations for businesses to look at where leakages are in our retail markets and where opportunities may be. More data can be provided later for specific markets through working with RCED, Network Kansas, and Don Macke.
If you have questions or want a copy of the report, contact Luke Mahin, RCED Director, 785-374-3047 or firstname.lastname@example.org.