In the fall of 2019, Realize Bradenton together with partners City of Bradenton and the Manatee Chamber of Commerce engaged Kennedy Smith of the Community Land Use + Economics (CLUE) Group to conduct a market analysis for downtown Bradenton and to recommend strategies for strengthening the district’s retail/commercial/culinary composition, with particular attention on cultivating young entrepreneurial talent.
When this initiative began, COVID-19 was unknown. CLUE Group conducted market research just a few months before the pandemic began to unfold. While it is difficult to know what the mid- and long-range impacts of the COVID-19 pandemic will be on downtowns throughout the country and around the world, it is clear that the retail, hospitality, and culinary landscape will be changed.
Rather than producing a comprehensive market analysis report based on downtown Bradenton’s pre-pandemic conditions, CLUE summarized some of the major findings from the market research in the May 7 presentation.
The initial report outlined in the May 7 presentation, will be revisited as COVID-19 moves towards resolution. All eight preliminary recommendations will be examined more closely in the next several months by CLUE and the initiative partners will collaborate with others to develop a more detailed market development strategy for downtown Bradenton.
The May 7 presentation outlines eight recommendations. Here is a sampling of four:
This important study was funded by the Knight Donor Advised Fund at the Manatee Community Foundation.
Interested in learning more? Contact Catherine Ferrer at Realize Bradenton firstname.lastname@example.org or 941-447-9406.