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Economic development report finds citywide retail strength, highlights neighborhood gaps and eight strategies
Summary
Consultants from Hickey Global and Santa Fe’s Economic Development Director told the Quality of Life Committee that a retail leakage analysis finds overall citywide retail strength but identifies neighborhood gaps and opportunities.
Barry Matherly of Hickey Global and Economic Development Director Johanna Nelson presented a retail leakage study to the Quality of Life Committee that shows Santa Fe has a citywide surplus of retail sales in most categories but local pockets with unmet demand.
Matherly said the city is “in a position of strength” and urged proactive steps to retain retail advantages, noting that retail now often combines entertainment and experiences rather than only traditional sales. He recommended eight core actions including campaigns to…
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