HomeMy WebLinkAboutItem 05.b2011 Economic Development
Annual Report
I Total Permit Valuation = $87,670,949
2010 = $54,293,423
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2011 Development Statistics
Residential
223 units
• 2010 = 140 units
Total valuation = $51,751,000
• 2010 = $38,718,000
2011 Development Statistics
Residential construction
2011
• 118 single - family
• 2010 = 129 single - family
• 12 townhome
• 2010 = 11 townhome
• 93 senior apartments
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2011 Residential Development
Fountains at Hosanna!
▪ 93 -unit senior living development adjacent to
Hosanna! Lutheran Church
2011 Residential Development
Lakeville Court Apartments /Townhomes
�. Renovated and improved parking /amenities
▪ $2,800,000 in improvements
•
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2011 Metro Housing Units
Comparison
Blaine
Woodbury
Plymouth
Maple Grove
Bloomington
Lakeville
Chanhassen
Farmington
Burnsville
Shakopee
0 50 100 150 200 250 300
2011 Housing Units
350 400
I irisitr
Metro Housing Units
Comparison (2007 -2011)
Woodbury
Blaine
Maple Grove
Lakeville
Shakopee
Plymouth
Hugo
Brooklyn Park
Farmington
Rosemount
0
500 1,000
2007 -2011 Housing Units
1,500
2,000
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2011 Commercial /Industrial
Permit Valuation = $17,974,000
2010 = $3,742,000
1 `
2011 Commercial /Industrial
New Construction
• Goodwill
• Walmart
1 0
5
ipommumv
2011 Commercial /Industrial
it New Businesses
Computer Sciences Corporation (CSC)
• Dayton Freight
JD Woodcraft
Superior Access Solutions (SAS)
1 1L - f*Iii k
40
• New Businesses
USA Lamp
Viking Performance
Waste Management
r CENTER Mit CF n.0 Al
.. L[I (,1 11 11 14 •
SOMEES CENTER
6
2011 Commercial /Industrial
Expanding and growing
ConAgra Foods ConAgra
• Dick's Sanitation ef Foods
• Genpak
• ImageTrend expansion
• Malt -O -Meal
1 r7mem■rr,
2011 Commercial /Industrial
it- , . New and expanding commercial /retail
• Gander Mountain Academy expansion
• Park Nicollet
• Pizza Ranch
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Other Business News
• Despatch Industries purchased by Illinois
Tool Works
• Delmar Company purchases former
Custom Color building
• QA1 purchases former American Prairie
Homes building
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Economic Indicators
• Lakeville unemployment rates
December 2011 — 4.7%
4th Quarter, 2011 — lowest unemployment
rates since November, 2008
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6
5
4
3
2
1
0
— " 8 61111■1t1. —
Jan Feb March April May June July Aug Sept Oct Nov Dec
2011
16
8
Approximately 350 new
Lakeville jobs
5■1111 am'
Economic Development
Strategy
Downtown Active Living Grants and
wayfinding signage installation
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I
Economic Development
Strategy
a 2011 -2012 Business Marketing Strategy
• Primary goal of 2011 -2013 Strategic Plan for
Economic Development
• Hired Arnett Muldrow & Associates based in
Greenville, SC
Formed a Steering Committee to oversee the
process
Implementation in 2012
t
Economic Development
Strategy
2011 -2012 Business
Marketing Strategy
Brand launch in March, 2012
Lakeville, Minnesota —
Positioned to Thrive
Positioned to Thrive.
www.posItIonadtothrive.com
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20
1 0
2011 Economic Development
Annual Report
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