1 / 18

Empowering Upscale Retail in Prince George's County: Sustainable Strategies for Economic Growth

Explore the potential of upscale retail in Prince George's County, Maryland, with a focus on sustainable growth strategies. Analyze the economic landscape, consumer behavior, and opportunities for upscale businesses in the area. Discover insights on effective buying income, disposable income, and shopping trends to support upscale retail development. Consider key factors such as location, transportation, and tax incentives for successful implementation. Join the conversation on boosting minority-owned businesses and fostering economic inclusion. Presented by students of the Academy of Law & Public Policy at Potomac High School, Oxon Hill.

ksturgeon
Download Presentation

Empowering Upscale Retail in Prince George's County: Sustainable Strategies for Economic Growth

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Bringing Upscale Retail to Prince George's County CB 79-1999 Academy of Law & Public Policy Academy of Finance Potomac High School Oxon Hill, MD June 8, 1999

  2. Where Do Prince George's Teens Shop?

  3. Where Potomac's business goes Source: Shannel Cooper, Academy of Law and Public Policy, conducted 5/99

  4. Upscale Retail Attracts $$$$

  5. Is Upscale Retail Sustainable? U.S. Effective Buying Income (EBI) $43,579 Prince George’s County EBI $50,988 45% of County households Disposable Income $50,000 or higher Source: Prince George’s Economic Development Corp. http://princegeorges.com/edc.htm

  6. Income in Prince George's County Median income in county: $53,312 Average income in county: $61,938 We can support upscale retail.

  7. African-American Shoppers: • shop at department and specialty stores once a month or more (41% of those surveyed) • say a store’s location near work or home is “very important” in their shopping decision (56% of those surveyed) • say that they are willing to spend more to get “the best”(70% of those surveyed) Source: American Demographics, September 1996

  8. Source: M-NCPPC

  9. Needs CRIME PREVENTION SCHOOLS ROADS

  10. Mall = Pollution and Trash More cars = air pollution More people = more trash

  11. Source: M-NCPPC

  12. No need for tax break U.S. Effective Buying Income (EBI) $43,579 Prince George’s County EBI $50,988 45% of County households Disposable Income $50,000 or higher Source: Prince George’s Economic Development Corp. http://princegeorges.com/edc.htm

  13. Where to put the mall? • In a commercial area • near Beltway • near Metro station/bus line Why? • If in residential area: • could attract loiterers and vandals • mall would deteriorate • hard to access

  14. Alternate Transportation PARKING LOT SHUTTLE BUS CUSTOMERS

  15. Comply with "Smart Growth"

  16. Reduced tax credit My proposal: 75% 60% 40% 20% 10% 0%

  17. Affirmative Action Amendment Initiatives must be taken to counterbalance the systemic barriers to women- and minority-owned businesses. Goal: 50% of construction contracts

  18. Thank you for your time! Students presenters: Rodney Bunn Shannel Cooper Michael Farrar Rachel Davis Darmika FrostMia Garrett Ravyn Hall Carla Lee Joy Lett Merci McKinley Star Johnson Tamara Jones Catreise Jones Christopher Robinson Trynita Romeo

More Related