Retail Market Analysis and Industrial Review
The County of Northern Lights, in partnership with the Town of Manning engaged in a Retail Market Analysis for the Town of Manning and Area, and a Light Industrial review for the County of Northern Lights and Town of Manning. On June 18th, the reports were presented to both councils at the Joint Council Meeting.
The objective of the Retail Market Analysis was to explore, document and forecast the Town’s current retail inventory, identify any existing gaps existing within the identified trade area, and propose possible opportunities which the Town and County could pursue. Ultimately, the goal is to ensure that the Town and County are increasing their retail market share of the resident and transient populations.
The purpose of the Industrial Market Profile was to document and identify the County and Town’s current industrial supply in terms of industrial land inventory, building square footage, as well as the estimated number of employees and industrial business composition.
The data collected will be used to form the basis of a Business Attraction and Retention Strategy, as outlined in the current County Economic Development Strategy, and contains actionable items for the County of Northern Lights Economic Development and Community Services Department to assist with current and future development and diversification of the local economy.