Washington, Electricities partner with economic development firm
Written by Matt Debnam
Published 1:30 am Friday, October 16, 2020
A new partnership between the City of Washington, Electricities of North Carolina and Retail Strategies, LLC could help the city attract new retailers, hotels and restaurants to the area.
According to Washington City Manager Jonathan Russell, the city council will meet with representatives from Retail Strategies to provide direction on where the consultant should focus its efforts, be it adaptive reuse of existing buildings or new construction. That includes which areas of the city to focus on, and public input on what types of businesses would work well in Washington.
Lacy Beasley, President of Retail Strategies, explained the process further during the council’s Monday meeting.
“We start with a survey that we provide to the city, and we suggest that you share that with key stakeholders in the community,” Beasley said. “We use a very deep dive of research and analysis to help you determine the strategy for moving forward, including the categories of goods and service where you have retail leakage. We look at you compared to other peer communities of similar size and makeup and develop a retail prospect list based on that.”
“This is a great opportunity to show our citizens that we are listening to them and that we’re going to make every effort to bring retail stores and restaurants to our area.”
Washington Mayor Donald Sadler
About Retail Strategies
Retail Strategies is a leading national advisory firm focused on retail market analysis, strategic planning, retail recruitment and development. Our mission is to provide the real estate expertise, tools and human effort that position deserving towns as alluring locations for national businesses. With confidence, we pursue this mission by delivering unparalleled customer service as a unified team with unmatched real estate expertise. Our activities pay a return in sales taxes, added jobs, and businesses that enhance and add to the unique qualities of your community.
