Retail Recruiting Project Update
As we reported back in April, the Davie County Economic Development Commission is directing some of its attention to growing the retail base in Davie County.
“Our goal is to recruit more retail, restaurants, and entertainment to Davie County to offer our residents more opportunities to buy clothing, electronics, or whatever they need locally; to retain the businesses and restaurants already here; and to keep our current shopping centers and districts vibrant while developing new centers,” said Terry Bralley, President of the Davie County Economic Development Commission.
“We realized as a small community, but with a terrific location connected to a major interstate, we needed the help of an outside professional to assist us with attracting those larger retailers that will help minimize sales leakage, fill vacant storefronts and lots, and expand our retail options,” he added. “We hired the Retail Coach to help us develop and implement a retail sales plan for the entire county. The EDC has invited the towns of Bermuda Run, Cooleemee, and Mocksville, and the Chamber of Commerce to actively engage in the process. We believe this retail plan is another way to add value to the county and will help us grow our future.”
Progress Update and Project Dashboards
We are pleased to report that the retail recruiting project has achieved some milestones. The Retail Coach has helped identify the true market size, the dollar amount of retail sales, and the amount of retail sales that are lost (retail leakage) for Davie County as well as each town in the County (Bermuda Run, Cooleemee and Mocksville).
Links to the retail dashboards for Davie County and the communities of Bermuda Run, Cooleemee and Mocksville are below. Each dashboard has a set of links to PDF documents which provide detailed demographic profiles, retail market profiles, and workplace population profiles.
The Retail Coach and your Economic Development Commission are in the process of preparing a preliminary list of potential retailers for recruiting efforts.