HomeMy WebLinkAbout4.2 ICSC Updates Memo
TO: Economic Development Authority
Jennifer Levitt, Executive Director
FROM: Gretchen Larson, Economic Development Director
DATE: July 7, 2023
RE: Updates from ICSC 2023 Tradeshow
The ICSC (Innovating Commerce, Serving Communities) Tradeshow is a major event
that takes place annually in May. It is a three-day gathering of dealmakers and industry
experts who are driving innovation in the marketplaces industry. Representatives from
Cottage Grove’s economic development team attended the tradeshow at the end of
May and met with retailers, investors and developers who are interested in locating in
the city.
We reconnected with many of the area real estate brokers and received updates on
exciting things that will happen either later this year or in 2024. Among the groups we
met with were Kwik Trip, Freddy’s, Raising Cane’s, Panera, and City BBQ; these groups
are seeking either their ideal location or a franchisee to expand into the Cottage Grove
market.
The city has historically low vacancy rates, so finding the ideal location for many of the
businesses is challenging. However, we hope to change this paradigm soon as the
economic development team continues to meet with investors interested in developing
some of the vacant properties towards the city’s southern border.
Recommendation
Receive report.