The City of Monroe Adds Retail Growth as Part of its Economic Strategy
Retail Strategies and Monroe Partner to Expand Retail Opportunities
There are many critical components which create the special livability that Union County possesses. As the population has grown exponentially over the past decades, retail locations have followed; however, the level of development in some areas has not kept pace with the levels of disposable income. Although restaurants and shops have materialized, they do not provide the diversity that is being demanded by the residents.
Earlier this year, Monroe consummated a partnership with Retail Strategies, Inc. and ElectriCities of NC to provide a customized Retail Development Initiative focused on marketing current locations and identifying and assembling land to market to the retail developers and brokerage representatives. Retail Strategies will also maintain the most current retail demographics and marketing materials for Monroe. The ultimate goal is to increase the diversity of retail offerings and the quality of products sold within the community and provide a greater reach and awareness to enhance the quality of life of Monroe’s growing population.
“We are truly excited about taking more control of our retail destiny,” stated Monroe Mayor Bobby G. Kilgore. “Our community has continued to prosper and our retail options need to keep pace. This partnership with Retail Strategies will represent our community on the national stage and help provide more restaurants, hotels, and shops for everyone.”
The new retail operations could be more “experience focused” and benefit the residents with closer amenities and entertainment options; moreover, Monroe and Union County will realize an increase in its commercial tax base and sales tax revenue.
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