Agenda - 05-18-2010 - 8b - Laserfiche WebLink

Browse Search

potential job cOpportunities Hillsborough, could Provides tnultiplle Durham career and c sciltheir Health Technologies e created. which has a p than $26,000, career cluster that may provide potential avenues for employment with existing and future loco average animal wages higher retail and many other service health service providers. These career tracks all pay which is an attractive wage when compared to those prodded by sectorjobs. Retail Leakage/Injection Analysis Economsts define "leakage" as the amount of money local area residents spend outside of their Econo it By contrast, "injection" is the amount of money residents from outside the area are i spending in file local early $t17 million dollars. aThe largest areas of leakage are Automob' le and iOther total leakage e and largest areas Stations with three million dollar and Vehicle Dealers, with $6.7 million in leakage, leakage. Other areas of significant loss are Clothing and Clothing Accessories, personal Care Stores, and Electronics and App liance Stores. The five -mile radius exhibits a total leakage of roughly $100 million. Important categories with leakage include General Merchandise e and Drinking Places with almost $14 Stores with nearly $19 raillion leakage, and Foodservic million in leakage, among Additional Supportable Retail Development supportable retail development, the square foot data collected by the Urban Land Btstitute To translate retail sales figures into estimates of at d ata supp percent adjustment for non-retail through a national survey of retail est ablishments- project team utilized average sales per sq er services) and a ten percent adjustment to reflect healthy ablis Including a 1 p square feet establishments (i.e. business and p retail vacancy levels, the two -mile radius could potentially absorb an estimated 23,00 sq square feet in the food of retail space at current tlin the, two- diu'le nadir s exists fox an additional Of 47,000 sglysis identified that sufficient demand store. The Potential of over 150,000 square feet. and beverage stores category, sufficient to accommodate a traditionally -size five mile radius, by comparison, exhibits all absorption p Projected Future Retail Demand h 2029 within Based on projected population growth, the estimated increase in retail demand through the rivo -mile radius projected retail development ca aoit$ million. ithin the t Translating e radius is between 226,000 feet, the total qua capacity and 333,000 square feet. The retail categories projected to experience the largest growth include arden equipment stores category shows an general merchandise stores and food and beverage stoles, each with between $12 million and I million in retail sales. The building materials and category g early feet oftdevelopmemtLlion to over $14 million in retail sales, and between estimated increase in dernand of 23,000 and 34,000 square vi