Economic Focus

Respondents were asked to respond to a question about the Wayzata’s Economy Focus. The question was:

The economy of Wayzata is driven by being a destination city, retail, retirement and associated industries. This is strongly driven by the Wayzata’s position and reputation as a regional destination and a great place to retire. In terms of economic focus, how would you like Wayzata to be in 2040? Please select your preference on the following continuum; from ‘1= Maintain existing focus on being a destination, on its visitors, and on retirees’ to ’10= Diversify the economy to help attracted young professionals and ‘start up’ companies’.

Key things to note:

67% of respondents believe that Wayzata ought to Diversify the economy to help attracted young professionals and ‘start up’ companies. 33% of respondents believe that Wayzata should maintain existing focus on being a destination, on its visitors, and on retirees.
An overall majority of respondents were in the middle of the continuum indicating that a balanced approach with slightly higher focus on economic diversification and young professionals / startup companies would work best for Wayzata.
From the written responses to this question, the highest levels of interest was on attracting young professionals and new companies to Wayzata

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