Key findings for communities
- Taxable sales in Cambridge increased 31 percent from 2009 to 2016, while the number of firms fell 18.3 percent. Statewide, taxable sales increased 11.3 percent over the same time period and the number of firms fell 9.0 percent.
- Per capita sales and pull factor data are based on taxable sales, the more verified sales measure. Sales data is in constant 2016 dollars and adjusted for inflation to reflect their value in 2016.
About this report
The University of Minnesota Extension developed its retail trade analysis program to assist in the economic development of Minnesota towns and cities. These reports are available for all Minnesota counties, for most cities with a population above 5,000 and for a few cities with less than 5,000 residents.
The retail sector of each jurisdiction can be evaluated by comparing its trends to those of similar jurisdictions. Business professionals and economic development officials can use measures such as pull factors and leakages to determine the need and feasibility of new retail businesses.
Reviewed in 2020