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

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Business and Employment Development Impacts retail rent generating potential of the above leasabler a ea per firm employment and g' supported asa through To estimate the business and 19r employment P jobs that might be estimates, Tables 17, figures to derive the approximate number of businesses and j retail demand. capture of existing and projected future Average Per Firm Employment and Wages Business Patterns, showrrest faros ae i tithe rent data from the 2007 County The larg Based on state employ e from six to as many as 48 employees. followed by food and beverage establishments have, on average, on averag , 1 g and laces (19); automotive and other `erl dealers u Ir ras(gasolhre general merchandise stores sector with la employees Other retail categories stores (21); food service and drinking p building material and garden equipment stores (16). Jo Pei' establishment, with an average stations and miscellaneous store retailers yield many fewer j P of 6. automotive and other vehicle e annual wage basis, Per ear. Other high - paying industries include when comparing retail categories ones average 500); furniture dealers offer the highest average wages at $41,300 p Y arden equipment stores ($28, Some of the building material and g 1 stores ($25,200). non -store retailers ($38,200); and automotive supply laces, averaging only $12,500 and home furnishings stores ($25,900); 400 per year); and food and beverage lowest paying retail industries i book and mi sicrstores ($1r4krng p food per year; sporting goods, bobby, stores ($15,000). jobs that might be supported through Business Development and, ob Creation leakage, based on national average gross leasable area, and state average Table 18 outlines the estimated abased n fines and total) potentially support ures, the two-mile radius Phrrpacts are in the capture of existing titan meet- largest emp Y employment per establishment. Using these fig obs. The lu'g obs created between with a total of roughly 33 new j generating UP to five new retail establishments and category new J largest job g Clothing and Clothing Accessories y 4 000 square feet each. The secon obsreat d in one new three new establishments of roughly 4'liance Stores sector with 12 new j category there is potential is in the Electronics and App establislu lent of around 2,400 square feet. In the Health and Personal Care Stores or jobs. By applying the slightly more than half of the usual floor o seven more j alley store of aroun sufficient demand for slig Y provide up ment generation by 7,000 square feet could be established, this could p average annual wages described in Table 17 to the above estimates of employ retail category, these retail developments could create a total added value of one million dollars annually. Optimistically, estimates of business and job development potential in the five -mile radius s ow 42