Retail recruitment firm to give presentation
The retail recruitment firm Retail Strategies will give a presentation to City Commissioners, local business leaders and the general public at 7 p.m. Wednesday, Jan. 18 at the Meridian Center.
Birmingham, Alabama-based Retail Strategies is one of a number of companies that specialize in market research and analysis, strategic planning and retail recruitment.
The company’s model is to analyze the community’s retail market and provide a comprehensive report on its unique data, underutilized real estate assets, and retailers that fit our market. The firm would then use its established national relationships to market the community’s real estate assets to targeted businesses.
Analysis would include both new construction and redevelopment of existing sites, and would include business districts throughout the city. Retail Strategies’ proposal is for a $125,000 contract over three years.
Next week's presentation is a chance for the community to hear more about the proposal and consider whether this service would be a worthwhile investment for Newton.
In the past the City has invested in retail market studies as well as industrial recruitment efforts, but strategic retail recruitment has not been done in Newton.