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Ridgeland hires firm to identify economic development opportunities

ridgeland, sc

Ridgeland hires firm to identify economic development opportunities

Jasper County Sun Times, March 15, 2022

Shellie Murdaugh

Ridgeland loses about $85 million in retail sales each year as consumers leave the area for their shopping, a consulting firm told Town Council last month. Council members have approved a contract for the firm to help keep more of those dollars in town.

“There’s $85 million in retail sales leaving Ridgeland each year,” Lacey Bacchus of the consulting firm Retail Strategies told council. “… Keep the dollars local, add jobs and add to the quality of life by giving your residents and constituents in the community more options.”

Council unanimously approved a three-year contract with Retail Strategies.

Bacchus said the firm helps municipalities identify real estate and economic development opportunities. One similar-sized South Carolina city it has been working with is Manning, she said.

“What we do is start with an in-depth data analysis looking at the market. When we use the term ‘market’ or ‘trade area,’ we are not looking at a city or town’s municipal boundaries. People come in and out of cities and towns to shop, to work, to eat, to play, or they are just passing through on the interstate or highway.”

Lacey Bacchus

Retail Recruitment Success

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My relationship with the Retail Strategies team has been extremely valuable over the last couple of years as I’ve searched for sites in the Southeast. They have been persistent and provided any information they could gather for available properties that fit my criteria. If they received news that a space was coming available they made sure to immediately give me a call and connect with the owners. I would recommend using this service to any of my colleagues looking in their client cities.

Walter Kelly, Broker

Arc Realty

walter kelley arc realty

Retail Strategies has been a tremendous asset to Cypress. They have access to industry and business intelligence in an immensely competitive retail environment. The relationships they develop with commercial/retail property owners delivers results for the city because Retail Strategies excels at marketing their clients.

Peter Grant, City Manager

Cypress, CA

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RETAIL RECRUITMENT INTERVIEW

  1. Why is retail important to a community? 
  2. What is a realistic timeframe? 
  3. … see the interview for more