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BUSINESS RETENTION AND <br />DEVELOPMENT COMMITTEE <br />SUBJECT: RETAIL BROKER ROUNDTABLE <br />DATE:MARCH 3, 2014 <br />PRESENTED BY: AARON DEJONG, ECONOMIC DEVELOPMENT <br />SUMMARY: <br />The City Manager asked staff to begin formulating a strategy to activate vacant retail <br />spaces within the community. The conditions relating to each vacancy can vary greatly, <br />but enticing retailers, either national chains or local shop owners, to analyze Louisville’s <br />viability for their business. A Retail Broker Roundtable has been scheduled for March <br />th <br />13 at 11:30 am to hear from brokers how Louisville can help in retaining and attracting <br />retailers to town. <br />DISCUSSION: <br />The input from the brokers will help formulate a retail strategy that best supports the <br />broker community to land retail tenants. <br />It is important to have a list of questions we would like answered either before or during <br />the meeting. The following is a list of questions already developed. I would like further <br />input from the group to add, delete, or modify these questions. <br />1) Would a community brochure be helpful in recruiting retail tenants in Louisville? <br />a. What demographic or market information is most helpful to provide in such <br />a brochure? <br />2) What negatives to you hear from prospective retailers when they are considering <br />Louisville? <br />3) Are you aware of the Business Assistance Program offered by the City to recruit <br />new retail tenants in town? <br />a. What assistance have you found most beneficial in affecting the location <br />decisions of a retailer? <br />4) Are there barriers you see in Louisville that limits retail opportunity in town? <br />5) If you had a magic wand to change one thing to better attract retail tenants in <br />Louisville, what would it be? <br />th <br />The City Council at the February 25 Study Session posed the following questions; <br />1) Will the Superior Town Center development help or hurt Louisville retail? <br />a. How do you think Louisville could work to make it a benefit? <br />2) What recruitment activities should the City undertake? <br />3) Are community sustainability measures important to retailers? <br />4) Should we ask questions about commercial space recruitment? <br />RECOMMENDATION: <br />5 <br /> <br />