Keytesville, MO — The Chariton County Economic Development Corporation has completed an in-depth look into the retail needs in the county. That deep dive into the data shows potential for the community.
"We want to better understand our community's needs from a retail service point of view," said Stephany Clark, President of the Chariton County EDC Board of Directors. "This analysis helps us see how we can work to improve options for the residents of Chariton County."
The study conducted by Goldstone Consulting Group, the contract provider of economic development services to Chariton County EDC looked at the capacity for additional retail business in the county. The study includes information gathered from a survey of residents in Chariton County.
"The report provides us with good background information about the potential of expanding our existing retail businesses in the community," said Clark.
The retail analysis comes on the heels of the construction of a new Orscheln Farm & Home store in Salisbury. "We are fortunate the Orscheln team sees the opportunity in Chariton County and made a new investment," said Clark.
"We have seen the potential in Chariton County for some time and so do others," said David Gaines, Managing Director at Goldstone Consulting Group. "This study will help both those currently in business in Chariton County and those that are considering new investment in the community."
According to the analysis, Chariton County has a positive retail gap of $35 million. This is an indicator that residents of Chariton County are traveling outside of the community to make purchases. This is an opportunity for businesses in the community to capture additional spending.
Those interested in viewing the completed study can contact Goldstone Consulting Group at 1-636-290-6393 to obtain a digital copy.