HomeMy WebLinkAbout10-29-13Lakeville
AGENDA
Economic Development Commission
October 29, 2013 — 4:30 p.m.
City Hall, Marion Conference Room
1. Call to order
2. Approval of September 24, 2013 minutes
3. Recap of 2013 Manufacturers Event
4. Update on Downtown Parking Lot Improvement Projects
5. Update on Strategic Planning Process(Information to be presented at the meeting)
6. Update on Business Marketing Activities
7. Directors Report
8. Adjourn
Attachments
September, 2013 Building Permit Report
September Foreclosure Report from the Dakota County CDA
Open to Business Report 1/1/13 — 9/30/13
"Minnesota Eighth on Forbes List of Best States for Business," Press Release from MN
DEED, 9/26/13
"Why ADM should move home to Minnesota," Minneapolis / St. Paul Business Journal, 10/4/13
Item No. a
CITY OF LAKEVILLE
ECONOMIC DEVELOPMENT COMMISSION
MEETING MINUTES
September 24, 2013
Chair Starfield called the meeting to order at 4:34 p.m. in the Marion Conference Room
at City Hall.
Members Present: Comms. Matasosky, Emond, Starfield, Schubert, Smith, Longie,
Ex- officio member Lakeville Area Chamber of Commerce Executive Director Todd
Bornhauser, Ex- officio member City Administrator Steve Mielke.
Members Absent: Comms. Akason, Vlasak, Tushie.
Others Present: David Olson, Community Economic Development Director; Adam
Kienberger, Economic Development Specialist; Allyn Kuennen, Administrative Services
Manager.
2. Approval of July 23, 2013 meeting minutes .;
Motion Comms. Longie/Matasosky moved to approve the minutes of the
July 23, 2013 meeting as presented. Motion carried
unanimously.
3. Presentation 6,flhe Recommendations of the Envision Lakeville Task Force
Mr. Kuennen gave, an overview of the recently completed Envision Lakeville
process and showed;,a video:; that was produced documenting the process and
h i g h l igb ong : thiq .o u tco iiries
Mr.'-Olson added that the Envision Lakeville process will serve as a basis for the
upcorrung 2014 -2016 Strategic P.lan for Economic Development.
Mr. Kuennen. noted the dedication of the Envision Lakeville Task Force and added
that the findings will be :presented to various advisory commissions, community
partners and ciu16_groups-
4. Update on Businest : Strategy Implementation Activities
Mr. Kienberger provided an update on the Business Marketing Strategy and
summarized some of the recent events staff participated in to promote economic
development in Lakeville. He also noted an event hosted by the Positively
Minnesota Marketing Partners that included site selectors from the national Site
Selectors Guild. Several site selectors mentioned that Minnesota needs to do a
better job of telling its "story" and promote the quality infrastructure and "value"
received for the taxes that are leveraged. Several also mentioned the importance
of having "shovel ready" certified sites for development.
Economic Development Commission Meeting Minutes, September 24 2013 Page 2
5. Director's Report
Mr. Olson reviewed the Director's Report and provided an update on the discussion
between City and County staff on the economic development incentives in Dakota
County.
Comm. Matasosky added that it's important to know what you're getting for your
investment when it comes to incentives.
Chair Starfield concluded that Lakeville has a lot of opportunity and land availability,
so we need to be ready for those opportunities.
6. Adjourn
Meeting adjourned at 6:00 p.m.
Respectfully submitted by:
Adam Kienberger, Recording Secretary
!tem No. �
Lakeville
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City of Lakeville
Community & Economic Development
Memorandum
To:
From:
Economic Development Commission
Adam Kienberger, Economic Development Specialist K
Copy:
Steven Mielke, City Administrator
David L. Olson, Community & Economic Development Director
Date:
October 25, 2013
Subject:
Manufacturers Appreciation Reception
The annual Manufacturers Appreciation Event was held this past Tuesday at the Holiday Inn &
Suites. Each year during Minnesota Manufacturing Week the City of Lakeville coordinates this
event as a way to say thank you to our manufacturing and industrial businesses in the
community.
This year we had over 94 people representing 38 Lakeville businesses attend the event. This
compares to 80 attendees representing 32 companies at last year's event. 12 businesses and
related agencies had a display table to showcase their business or promote their service
supporting the business community. We heard many compliments from the attendees about
how great of an event it was and how they appreciate networking and learning from other
Lakeville businesses.
One takeaway from the event includes possibly rebranding it to be more inclusive of
businesses that support manufacturing (distribution, warehousing, etc.). During follow -up
RSVP calls a few businesses noted that since they weren't a traditional "manufacturer ", they
didn't think the event was intended to include them. Please bring any thoughts and
suggestions you have for improving the event next year.
Thank you to everyone involved in this event as it continues to be a great way for the City to
thank the many manufacturing and industrial businesses in Lakeville.
Item No. LY
City of Lakeville
• • Community & Economic Development
Memorandum
To: Economic Development Commission
From: David L. Olson, Community and Economic Development Director
Cc: Steve Mielke, City Administrator
Adam Kienberger, Economic Development Specialist
Date: October 25, 2013
Subject: Update on Proposed Downtown Parking Lot Improvement Projects
As part of a Joint Powers Agreement (JPA) with the Dakota County CDA, the City has been
working to develop a City -owned parking lot in the Ben Franklin Block of Downtown Lakeville.
The City Council approved this JPA which included this proposed project at its April 2, 2012
Meeting. This specific project was identified as a goal of the Downtown Development Design
Guidelines adopted by the Council in December of 2006. Portions of this existing lot were
owned by the CDA, City, and a private property owner and the condition of the lot has
considerably deteriorated in recent years.
During the past year, the City has engaged WSB to prepare plans for the parking lot
improvements. In December of 2012, the City closed on the purchase of a portion of the
parking lot that was owned by the new owners of the Hewitt Investment building and
parking lot. The CDA owned parcels in the existing parking lot have also been conveyed to
the City.
Attached is a copy of the current concept for the parking lot reconstruction as prepared by
WSB. The current estimated construction cost for the parking lot is $287,185. The estimated
cost of the sidewalk improvements along Howland Ave is an additional $31,870 and will be
bid as a bid alternate. The parking lot project is being funded entirely with CDA TIF proceeds.
The City hosted an Open House Downtown on Wednesday, June 12th. A number of adjacent
property owners and building tenants attended the Open House. Several questions were
asked regarding specific design details, however there was general support for the project.
Staff reviewed an earlier version of this design concept at the EDC Meeting on June 18th. The
EDC expressed continued support for the project.
Possible Improvements to the Holyoke Avenue Parking Lot
It has recently been suggested that improvements should be considered for the streetscape
adjacent to the City -owned parking lot on Holyoke Avenue. This public parking lot provides
parking for Art Center events, the ISD #194 Alternative Learning Center, the DLBA Saturday
Farmers Market, Pan -O -Prog events and general Downtown public parking. As the attached
picture illustrates, this lot currently has a chain link fence across the front with sliding gates
that are rarely if ever used. Art Center staff have received comments that patrons did not
realize that this lot is a public parking lot because of the fencing.
The attached concept from WSB shows what the streetscape for this lot could look like if the
fence were removed and a landscape boulevard was constructed along with new sidewalk.
Un -like the other proposed Downtown parking lot, this project would only involve
reconstruction of the sidewalk and boulevard area. The remainder of the parking lot is in
fairly good shape and was seal- coated this past summer and is not proposed to be altered.
WSB estimates the cost for the new sidewalk and boulevard improvements for this lot to be
$100,000. CDA staff has indicated support of also funding this project with CDA TIF funds.
Formal approval would require CDA Board approval.
Action Requested: Staff is looking for approval of the design concept by the EDC and
concurrence to proceed with preparation of the plans and specifications to solicit bids for the
construction of the project. A formal request to advertise for bids will be brought to a future
regular Council Meeting. Subject to receiving acceptable bids, construction is expected to
begin in the spring and be completed in time for Pan -O -Prog.
Staff requests that the EDC indicate whether they are in support of the proposed streetscape
improvements to the Holyoke Avenue parking lot. If so, staff would have WSB prepare plans
for these improvements and the City would likely bid this project with the Downtown Parking
Lot project. The City Council will be reviewing both of these projects at their October 28,
2013 Work Session.
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Entrance Nonuments & Fence
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Brick monuments with ornamental fence in
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between are located along each entrance drive
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_ Howland Walkway:
New 6'wide sidewalk placed along
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Howland Ave. up to 207th
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Northern Parking Area:
Existing Wells Fargo and other
public /private stalls remain unaltered
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Central Parking Area:
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Improvements to include new
pavement with 51 standard stalls &
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2 HC + 2 private stalls with center
landscaped
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median and new or
relocated ornamental light poles
Entrance Monument
— — — —
Enclosures/Screens:
Potential locations for
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consolidated refuse enclosures
and screens for utilities
® •
Aesthetic Improvements:
Parking lot improvements
allow space between walkway
and buildings for businesses to
-
—_ z '"� incorporate landscape or screening
Pedestrian Walkway
Concrete walkway with colored/
stamped concrete to match Market
Plaza paver style delineate the
pedestrian walkway from the
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parking lot
Improved Ped Walkway:
ntrance Monument
New banded concrete crosswalk
- -- - -
in existing location remains
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mainly level with parking lot
Southern Parking Area:
Island provides separation between
r� parking and crosswalk
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Howland Walkway:
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New 6'wide sidewalk placed along
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Howland Ave. down to 208th
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Item Flo. �
I E V evi l le
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City of Lakeville
Community & Economic Development
Memorandum
To:
Economic Development Commission
From:
Adam Kienberger, Economic Development Specialist
Copy:
Steven Mielke, City Administrator
David L. Olson, Community & Economic Development Director
Date:
October 25, 2013
Subject:
Business Marketing Strategy Update
Below is an update on key targets and marketing initiatives underway as part of the Business
Marketing Strategy. These marketing activities are a result of the study completed by Arnett
Muldrow & Associates which continues to serve as a guide to staff for pursuing new and
ongoing marketing initiatives.
Marketing Partners Group
The Marketing Partners group consists of representatives from the City, Lakeville Area
Chamber of Commerce, Lakeville Convention & Visitors Bureau, Downtown Lakeville Business
Association, and ISD 194. The Partners meet regularly to discuss strategic initiatives that can
be done jointly to benefit the community as a whole while promoting a single, focused
message about Lakeville. The group met on October 23rd and discussed ways to utilize the
Envision Lakeville results and jointly market key pieces as part of a continuous information
stream.
The group will be utilizing the results of the Envision Lakeville study to further guide their
efforts and partnerships.
MNCAR
The annual MNCAR Expo (Minnesota Commercial Association of Real Estate) was held in
Minneapolis on October 24th. Over 500 MNCAR professionals were in attendance. This event
allowed staff the opportunity to build new and strengthen existing relationships with the
commercial broker community. Lakeville participated in this event for the first time in 2012.
MREJ
The Minnesota Real Estate Journal (MREJ) Industrial Real Estate & Economic Development
Conference is scheduled for November 15t Lakeville has secured a sponsorship and will be
attending this event in Golden Valley.
MAEDC
The Mid - America Economic Development Council ( MAEDC) summer conference was held in
Sioux Falls, South Dakota in May. The summer conference will be held in the Twin Cities in
2014. Staff attended this event for the first time to explore economic development marketing
opportunities and establish new regional relationships. The 2014 marketing budget currently
includes a line item to attend their annual winter site selector conference in Chicago in
December of 2014.
Website /Social Media
Staff is continuing to analyze and refine content on the City's Community and Economic
Development Department website. Comments and takeaways from meetings with site
selectors and other decision makers will continue to impact the types of information
displayed there.
Staff will also continue to promote business happenings and development related news via
the monthly Business Bullets newsletter and Facebook.
In addition to these efforts, staff will continue to explore additional partnerships and
relationships that will promote Lakeville's Business Marketing Strategy.
item No.
Lakeville
City of Lakeville
Community & Economic Development
Memorandum
To: Economic Development Commission
From: David L. Olson, Community and Economic Development Director
Copy: Steven Mielke, City Administrator
Adam Kienberger, Economic Development Specialist
Date: October 25, 2013
Subject: October Director's Report
The following is the Director's Report for October, 2013.
Building Permit Report
The City has issued building permits with a total valuation of $111,319,332 through September. This
compares to a total valuation of $81,909,213 through September of 2012.
The City issued commercial and industrial permits with a total valuation of $9,986,250 through
September compared to a total valuation of $9,086,500 during the same period in 2012. The City has
also issued permits for 273 single family homes through September with a total valuation of
$85,988,000. This compares to 183 single family home permits through September of 2012 with a
total valuation of $53,549,000.
OPEN TO BUSINESS Update
A program report on OPEN TO BUSINESS in Dakota County for the first three quarters of the year is
attached. Year to date the program has served 124 new entrepreneurs and existing businesses. OPEN
TO BUSINESS staff have provided over 1760 hours of direct service in Dakota County and provided
service to 10 clients in Lakeville. Other pertinent information is included in the attached Program
Report.
Foreclosure Update
There were a total of six Sheriff Sales in September in the City of Lakeville and there have been a total
of 88 at the end of the third quarter. This compares to a total of 220 for the year in 2012.
November Meeting and Event Schedule
The second EDC Strategic Planning work session has been scheduled for Tuesday, November 12"'
from 3:00 - 5:00 p.m. followed by a joint meeting with City Council from 5:00 to 6:00 p.m. at City Hall.
The regular November EDC meeting will be held on Tuesday, November 26 t at 4:30 p.m.
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mbi Dakota County
Community Development
Agency
CD
To: Dakota County Cities
From: Lisa Henning
Date: October 15, 2013
Re: Foreclosure Update
Dakota County Stats — September 2013
HOME
OWNERS �HIP
0 # of Sheriff Sales in September — 60 (compared to 123 in September 2012)
• Total Sheriff Sales for 2013 — 769 (compared to 1,188 Jan.- September 2012)
• # of Notices of Pendency Filed in September — 90
• # of Notices of Pendency Filed in 2013 — 1,194
A Notice of Pendency is filed by a mortgage company's attorney as official notification that the
foreclosure process has begun. Not all of these result in Sheriff Sales.
Mapping Using Dakota County GIS
http://gis.co.dakota.mn.us/website/dakotanetgis/
The Dakota County Office of GIS is updating the 2013 Foreclosures and Notice of Pendency
layers on a monthly basis. If you need assistance using this Web page, please call Randy Knippel
or Mary Hagerman with the Office of GIS at (952) 891 -7081.
If you have any concerns, please call me at (6S 1) 675 -4467 or send me an email at
Ihenning(&-dakotacda.state.mn.us
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Dakota County
Program Report - 1.1.13 to 9.30.13
Clients Served:
Industry Segment:
Burnsville
New /Existing Entrepreneurs 124
Retail
33
Existing Business 30
Service
86
(of those clients served)
Food
35
Lakeville
Manufacturing
1
Inquiries: 232
Technology
1
(Inquiries are contacts by entrepreneurs requesting information
who have not yet scheduled an appointment)
Real Estate /Related Trades
3
Financing:
Provided: Requests /In Process:
Number 3 Number 1
Amount $165,000 Total Request $553,800
Microgrants: MCCD Portion $30,000
Number 2 Facilitated Loans:
Amount $2,000 Number 2
Amount $50,000- 100,000
Hours of Direct Service:
1 St Quarter- 790.25
2 nd Quarter- 587
3 rd Quarter- 384.25
Office Hours /Events /Marketing:
1 St Quarter- 567
2 nd Quarter- 219
3 rd Quarter- 258
Total Contract- 1761.50
Client City:
Apple Valley
6
Burnsville
14
Eagan
15
Farmington
8
Hastings
9
Inver Grove Hts
3
Lakeville
10
Total Contract- 1044.00
Referral Source:
CDA Staff
9
City Staff
101
Internet
3
Chamber
5
Other (Banks, Schools, Etc.)
62
Rosemount 8
S. St. Paul 5
W. St. Paul 2
Other Municipalities 2
Other Dakota County 42
(Residents from other Counties who want to open a business in Dakota County)
Financing Provided:
Direct Loans:
To date in 2013, MCCD has made direct loans totaling $165,000 to three businesses
located in Dakota County. In addition, all three business owners live in Dakota County
communities. Altogether these three businesses will create and /or retain 35 jobs.
JR. Wood Quality Finishing. INC.
Business Type: Woodworking
Location: Burnsville
Referred by: Municipality
MCCD Financing: $35,000
Other Financing: N/A
JR. Wood Quality Finishing, INC. was established in 2005. The business provides spray
painting, polishing, and other wood finishing services to construction contractors, home
remodelers, residential developers, and the occasional home owner. With sales growing
and space tightening, the business had the opportunity to lease additional space in an
adjacent bay at thier location in Burnsville. MCCD's loan of $35,000 will allow JR Wood
to fix up the new space and purchase additional equipment to meet growing customer
demand.
Hilltop Familv Chiropractic Clinic. P.A.
Business Type: Chiropractic
Location: Eagan
Referred by: Bank
MCCD Financing: $25,000
Other Financing: $49,240
Hilltop Family Chiropractic Clinic in Eagan was established in 1989. As opportunity was
presented to move the clinic to larger and more attractive space in Eagan that also
offered cheaper rent than what they had been paying previously. While an Eagan Bank
provided a portion of the financing that was needed to relocate the clinic, MCCD's
$25,000 loan completed the financing for leasehold improvements and new equipment.
Skyhawk Companies LLC
Business Type: Residential Contractor
Location: Burnsville
Referred by: Municipality
MCCD Financing: $105,000
Other Financing: N/A
A licensed residential building and plumbing contractor, Skyhawk Companies LLC
provides residential property management and general contracting repair and restoration
services to banks and government agencies holding real estate owned (REO) and
foreclosed properties. Skyhawk's comprehensive service, 24 hour response times, and
consistent quality has made it the fastest growing property preservation and
management companies for REO and foreclosed properties in Minnesota. MCCD's loan
of $105,000 will allow this Burnsville company to purchase and staff three additional
vehicles to meet its growing demand.
In addition to these three loans, MCCD made a direct to KMR Design Group, LLC, a
landscaping business based in Minneapolis and owned by a resident of Lakeville.
KMR Design Group, LLC
Business Type: Landscape Design
Location: Minneapolis (Lakeville Resident)
Referred by: Municipality
MCCD Financing: $5,966
Other Financing: N/A
This landscape design and construction business was established in 2010, after a
decade of free -lance landscaping. KMR Design Group recently received a contract with
Global Specialty Contractors Inc. to complete a short-term landscaping project at the
Avenue of the Arts Bridge over Interstate 94 just south of the Minneapolis Convention
Center. To facilitate that work, MCCD provided a transactional loan of $5,966 to KMR
Design Group. The loan allows the company to pay for upfront costs related to its
contract with Global Specialty.
Credit Builder Loans:
In 2013 to date, MCCD has provided credit builder loans to two residents of Dakota County.
MCCD works in partnership with several nonprofit organizations to offer the credit building
program. Our partners provide financial counseling in conjunction with small personal loans
from MCCD. This combination of counseling with loans is helping program participants improve
their credit scores, thus allowing for better interest rates for various types of lending.
Other Loans:
In addition to the four direct loans and two credit builder loans described above, MCCD made
loans totaling $73,407.50 within the Central Corridor to six businesses located in Minneapolis
and Saint Paul that were owned by residents of Dakota County. The Central Corridor Loans
helped businesses that were negatively impacted by the construction of the light rail along
University Avenue and Stadium Village.
2013 Central Corridor Loans to Businesses Owned by Dakota County Residents
Borrower
Residence of
Owners
Loan
Amount
- Hong Kong Noodle Restaurant, Inc.
Eagan
$20,000.00
Max Computers LLC
Burnsville
$12,433.00
Jasmine Orchid Restaurant
Apple Valley
$21,435.50
Hosannah, Inc. dba Shin Hair Salon
Ea an
$16,668.00
Rosvold Enterprises, Inc. dba Campus Pizza
West St. Paul
$1,435.50
Take One Enterprises, Inc. dba Big Ten Restaurant
Apple Valley
$1,435.50
Total
$73,407.50
Other Significant Non -Loan Achievements:
Company: Percoa (Dakota County)
Achievement: Finalist at the 2013 Minnesota Cup
Entrepreneurs, inventors and small business professionals either working on an innovative new
business concept, or have already started on their journey but are generally less than $1 million
per year in revenue. Many prizes are given including as much as $65,000 in seed capital,
attention in the media and the opportunity to pitch an idea to leaders in the business and
investor communities. The Minnesota Cup has divisions in LifeScience & Health IT, Energy &
Clean Tech, General, High Tech, Social Entrepreneurship and Student Entries. Percoa is
currently working on a partnership within the South Metro.
Company: ACME Chicken /BBQ (Apple Valley — Eagan — Metro)
Achievement: Two new start-up companies partnering together to achieve one goal
Two amazingly motivated individuals with no connection, both with a dream. One, a food truck
and one restaurant, neither with the ability to realize their individual dream but together they are
creating a cohesive plan. These clients have been building their skills with classes on catering,
restaurant and business management. They have successfully started catering and are building
their clientele with each passing month. They currently rent kitchen space to prepare their food
and have scheduled multiple events over the next several months. The next step /goal is to
purchase a food truck and possibly at some point look at brick and mortar options.
Company: Indian Grocery Store (Dakota County)
Achievement: (Soon to be) New Start-Up for an Indian Grocery Store
This Entrepreneur has been consulting with Open to Business from the beginning. We have
assisted with everything from business formation, business plan, insurance, accounting and
loan facilitation. They have acquired the necessary funding and on their last leg of seeing their
dream become a reality, location, location, location — his is currently looking in the Apple Valley
or Burnsville area.
Company: Tree Trimming Business (Dakota County)
Achievement: (Soon to be) New Start-Up for a Tree Trimming Business
This entrepreneur has already done a lot of the legwork for his business, from writing his
business plan, to purchasing the necessary equipment. His problem? Marketing. As there are
hundreds of tree trimming services throughout the Twin Cities he needed to find a niche. The
solution? Planting a tree for each tree removed. This entrepreneur is now in talks with some
local tree farms who will partner with him to plant a tree on behalf of each customer who has to
take a tree down. This not only helps him stand out but it also helps to bring business and
awareness to the tree farm and the environmental effects of planting trees. A win -win for
everyone!
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Olson, David
From: DEED Communications <MNDEED @public.govdelivery.com>
Sent: Thursday, September 26, 2013 10:46 AM
To: Olson, David
Subject: Minnesota Eighth on Forbes List of Best States for Business
For Immediate Release
September 26, 2013
Contact: Madeline Koch, 651- 259 -7236
madeline.koch0state.mn.us
Minnesota Eighth on Forbes
List of Best States for Business
—State jumps 12 spots from a year ago, making the biggest
improvement of any state—
ST. PAUL — Minnesota ranked eighth in the "Forbes 2013 List of the Best States for
Business," jumping 12 spots from a year earlier on the strength of an improving economy,
according to the publication.
Minnesota's overall 2013 ranking was the biggest improvement of any state in the eighth -
annual study, which looks at six key metrics: costs, labor supply, regulatory environment,
current economic climate, growth prospects and quality of life.
Virginia ranked No. 1 in the study, followed by North Dakota, Utah, North Carolina, Colorado,
Nebraska and Texas.
"The Forbes magazine study is fantastic recognition of our state's strong economic climate
and thriving business community," said Katie Clark Sieben, commissioner of the Minnesota
Department of Employment and Economic Development (DEED). "The word is out that
Minnesota is a great place to live, work and do business."
Forbes cited the Twin Cities as Minnesota's economic hub, with 62 percent of the state's
population and a strong mix of corporate headquarters, including Target, U.S. Bancorp,
General Mills, 3M and Medtronic.
The magazine also noted the high percentage of Minnesotans with a high school degree (92.5
1
percent, ranking second nationally) and pointed to the state's strong quality of life measures
such as good schools, low poverty rate and healthy population.
In the six key metrics, Minnesota ranked fifth in quality of life, ninth in economic climate, 13
in growth prospects, 18 in labor supply, 22 in regulatory environment and 34 in business
costs.
Among other Midwestern states, South Dakota was 11 Iowa was 12 Indiana was 16
Kansas was 17 Illinois was 38 Wisconsin was 41S and Michigan was 47
To see the full story, click here.
DEED is the state's principal economic development agency, promoting business recruitment,
expansion and retention, workforce development, international trade and community
development. For more details about the agency and our services, visit us at
www.PositivelyMinnesota.com Follow us on Twitter at www.twitter.com /PositivelyMN
Upon request, the information in this news release can be made available in alternative
formats for people with disabilities by contacting the DEED Communications Office at 651 -259 -7161.
Minnesota Department of Employment and Economic Development
Communications Office
Phone 651- 398 -9459 or1- 800 - 657- 3858•TTY 1- 800 - 657 -3973
www.PositivelyMinnesota.com
An equal opportunity employer and service provider.
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This email was sent to dolson@lakevillemn.gov using GovDelivery, on behalf of Minnesota Department of Employment and nz r,�d r: OR Economic Development 332 Minnesota Street Suite E -200 Saint Paul, MN 55101 � (800) 657 -3858 � c
kn' t.-»r 31t
Virginia Tops 2013 List Of The Best States For Business - Forbes Page 1 of 3
Kurt Badenhausen Forbes Staff
I cover sports business with rare dip in education & local economies
BUSINESS 1 9 %2512013 @ 10 48AM 123,196 views
Virginia Tops 2013 List Of The
Best States For
Business
Best States for Business 201
The U.S. economy continues to sputter along with a cloudy outlook. The
Federal Reserve indicated as much last week when it decided to maintain its
monthly $85 billion bond buying program to prop up economic growth.
"Conditions in the job market today are still far from what all of us would like
to see," said Fed Chairman Ben Bernanke at a press conference announcing
the continuation of the easy -money plan.
But pockets of the U.S. are primed for growth thanks to pro- business
regulatory environments, educated workforces and reasonable business costs.
Leading the way is Virginia which tops Forbes' eighth annual list of the Best
States for Business. Virginia has ranked second the past three years, but
returns to the head of the pack for the first time since 2009.
Our study looks at six important factors for businesses: costs, labor supply,
regulatory environment, current economic climate, growth prospects and
quality of life. Virginia is the only state to rank in the top five in four areas —
only missing on costs and growth prospects.
Virginia ranks first among the states in the regulatory category because of
its business - friendly government policies and strong incentive offerings. The
tort system is one of the best in the country for businesses, according to the
Mercatus Center's report " Freedom in the _5o States Virginia is also one of
24 right -to -work states, which explains why only 4.4% of its workers are in
unions — fifth lowest in the U.S.
The Old Dominion State ranks second in an annual study by Park Ridge, III. -
based Polling Corporate Real Estate that measures states' economic
development programs and departments. "Virginia's flexible incentive
programs can be adapted to meet the needs of businesses across different
industries," says the study's author Brent Pollina.
"We don't lead with incentives, but we do recognize that we can use them to
level the playing field," says Virginia Economic Development Partnership
CEO Martin Briley. He says that only 15% of corporate expansion or
relocation deals over the last io years in Virginia have included tax incentive
programs, but they skew toward larger companies as these deals created 40%
of the new jobs.
http:// www. forbes.com /siteslkurtbadenhausen /2013 /09/25 /Virginia- tops- 2013- list -of- the -be... 9/26/2013
Virginia Tops 2013 List Of The Best States For Business - Forbes Page 2 of 3
Technology companies have been busy expanding in Virginia to take
advantage of the largest concentration of high -tech workers in the U.S. (9.8%
of the state's private sector workforce is in tech, according to TechAmerica
Foundation's annual Cvberstates report Amazon.com has added roughly
2,000 jobs in the area over the past two years for two distribution centers and
its cloud computing business, Amazon Web Services. Microsoft has invested
$1 billion to build and expand a data center in southern Virginia.
Virginia's $446 billion economy held up better than most states during the
Great Recession thanks in part to spending by the federal government. But
the state has a diverse economy with strengths in bioscience, logistics,
manufacturing and technology. There are 31 companies (public and private)
with more $3 billion in sales headquartered in Virginia, the seventh largest
concentration of big companies of any state in the Union. The corporate
giants based in Virginia include Altria Group, Capital One Financial and
General Dynamics.
However, it is hardly all clear sailing for Virginia. It faces potentially the
biggest fallout of any state from sequestration and cuts in federal spending.
Roughly 30% of Virginia's economy is tied to the federal government,
according to Briley, and the state is the leader in Department of Defense
contracts. But Briley expects the private sector to "fill in the gaps" on any
government cutbacks. "The diversity of the economy is quite huge, so we will
be able to absorb anything that comes down the line," he says.
VEDP launched a $2 million "Going Global" program last month to help
defense contractors in Virginia pitch their expertise to customers overseas.
Virginia -based defense firms like General Dynamics and Northrop Grumman
don't need VEDP's help with foreign governments. They already have large
international operations and expertise, but the program can help smaller
defense players that are heavily reliant on the U.S. government.
In Pictures: The Best States For Business
Complete Coverage: The Best States For Business
Our Best States ranking looks at 35 data points across six main areas.
Business costs, which include labor, energy and taxes, are weighted the most
heavily. We relied on io data sources; research firm Moody's Analvtics was
the most - utilized resource (click here for a detailed methodology).
North Dakota finished a close second behind Virginia. North Dakota has
boasted the country's most robust economy over the past five years. It is tops
for job growth (3.7% annually), income growth (3.8 %), gross state product
growth (7.9 %) and employment (3.6% average jobless rate). To provide
context to North Dakota's boom, consider the second fastest growing
economy over the past five years was Oregon's at 2.8% a year, versus nearly
8% for North Dakota's $66 billion economy.
With the nation's third -best economic growth forecast over the next five
years, North Dakota's outlook looks strong, too. Credit the development of the
Bakken oil shale fields in the western part of the state for much of that
growth, as well as thriving technology and service sectors.
Last year's No. 1 state, Utah, falls from the top spot for the first time since
2oo9 and ranks No. 3 overall. The state still has a very pro- business climate
and companies benefit from energy costs that are 29% below the national
average. Utah's economy has expanded at 2% a year over the past five years—
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Virginia Tops 2013 List Of The Best States For Business - Forbes Page 3 of 3
fourth best in the U.S., but job and income growth has slowed relative to the
rest of the country, which knocks Utah down two notches.
The biggest gainer this year is Minnesota, which jumped 12 spots to No. 8 on
the strength of an improved economic outlook. The Minneapolis -St. Paul
metro area serves as the state's economic hub, with companies such as Target
U.S. Bancorp General Mills, 3M and Medtronic headquartered there.
Minnesota has the second highest percentage of adults with a high school
degree at 92.5 %. With its good schools, low poverty rate and healthy
population, the state also scores well on quality of life measurements.
Wyoming had the biggest fall, down eight places to No. 23. The nation's least
populous state ranks sixth best for business costs, but the economy has
slowed and is expected to expand at just a 1.5% annual clip through 2017,
worst in the U.S.
Maine ranks last for the fourth straight year. Not much has changed. It is still
burdened with an aging population and a weak economic forecast. Job growth
projections are the worst in the U.S and only Vermont is expected to have
slower household income growth over the next five years, according to
Moody's Analytics.
In Pictures: The Best States For Business
Complete Coverage: The Best States For Business
You can follow me on Twitter or subscribe to my Facebook profile Read my
Forbes blog here.
This article is available online at:
httn: / /NNww.forbes.com /sites /k a rt badenhausen/ 201.3 /09 /25 /vireinia -tons- 2013- list- of -the-
best- states- for - business/
http: / /www.forbes. com/siteslkurtbadenhausen /2013 /09 /251virginia- tops- 2013- list -of- the -be... 9/26/2013
Why .ADM should move home to Minnesota - Minneapolis / St. Paul... http: / /www.bizjoumals.com/twincities /print- edition/2013 /10/04 /why...
From the Minneapolis / St. Paul Business Journal
:http:/ /www.bizjournals.com /twincities /print- edition /2013/ 10 /04 /why-
adm- should- move -home. html
SUBSCRIBER CONTENT: Oct 4 2013, 5:00am CDT Updated: Oct 4, 2013, 6:00am CDT
Why ADM should move home to
Minnesota
Sam Black and Nick Halter, Staff writers
If Michael Langley had 10 minutes with Archer Daniels Midland CEO Patricia Woertz to make
the case for the Twin Cities as ADM decides where to move its headquarters he said he'd
emphasize its leadership in the food industry. Cargill Inc., CHS Inc., General Mills Inc., and
Land O'Lakes Inc. are all based here. Austin, Minn. -based Hormel Foods Corp. isn't far
away. Eden Prairie -based logistics company C.H. Robinson Worldwide Inc. does a lot of
work with food companies.
The presence of those corporations and others means the Twin Cities has workers with the
skills ADM might seek, ranging from the marketing of fertilizer to the distribution of food on a
global scale. said Langley, CEO of Greater MSP, a regional economic - development
organization.
Carl Casale CEO of CHS, an Inver Grove Heights -based cooperative that supplies energy crop
nutrients, grain marketing services, animal feed and food ingredients, says the Twin Cities is
ideal for large agribusinesses.
"You have the whole food chain, from farm to fork, located here in the Twin Cities," Casale
said.
Langley doubtless has a well- rehearsed sales pitch for the Twin Cities — and it doesn't hurt
that he's got plenty of material to work with. But we've prepared a letter for ADM, so
Minnesota boosters can focus on schmoozing:
Patricia Woertz
Chairman, CEO and President
Archer Daniels Midland Co.
4666 Fanes Parkway
Decatur, IL 62526
Oct. 4, 2013
Dear Ms. Woertz,
We heard you're moving the Archer Daniels Midland world headquarters out of Decatur.
1 of 4 10/7/2013 2:28 PM
Why ADM should move home to Minnesota - Minneapolis / St. Paul... http: / /www.bizjoumals.com/twincities /print- edition/2013 /10/04 /why...
You've got a lot of options We know that We also know Chicago is high on your list and
you've been talking to them.
But you should think about coming back home to Minnesota, where the company was born in
1902. Here s why.
We have the talented employees you need. Minnesota is a fertile ground for other growing
food companies — Cargill, CHS, Land O'Lakes, Mosaic, Syngenta North America and General
Mills — that are all based here.
The Twin Cities also offers plenty of services for headquarters of Fortune 500 firms; we have
19 of them, including UnitedHealth Group., U.S. Bancorp and Target. Such services include a
robust supply of large law, accounting and business consulting firms.
The leaders of those companies know that a huge attribute of the Twin Cities is the
world -class Minneapolis -St. Paul International Airport, which will more than adequately suit
ADM executives, customers and suppliers.
We also have the University of Minnesota, with a highly respected business school and one of
the largest food colleges in the country that will be able to partner with you in numerous
ways.
Our economy is healthy. Minnesota s August unemployment rate declined to 5.1 percent, the
10th -best among states and well below the national average of 7.3 percent.
The ongoing economic recovery has translated into a healthier state budget, which as you
know can have a big impact on a corporate headquarters and its employees. It is trending in
the right direction and faces just a $627 million shortfall, a pittance compared to the $6.1
billion Illinois deficit.
The Twin Cities economy is big and diverse, so spouses of ADM employees can have great
careers in just about any occupation. On the other hand, its small enough that your commute
to and from the airport and the office won't waste your whole afternoon.
Finally, we have a quality of life that rivals anywhere on your short list, with terrific arts and
culture, professional and college sports and plenty of lakes, parks and rivers for recreation.
Come and visit Minneapolis. We'll take you to dinner at one of our four -star restaurants and
share why we think ADM would be right at home in our community.
Sincerely,
The Twin Cities
The talent
Minnesota's strong food industry can be traced back to the 1800s, when Minneapolis was a
railroad city and milling hub, said Michael Boland director of the Food Industry Center at the
University of Minnesota. A strong work ethic and good education enabled the area to retain
that identity after the 1914 completion of the Panama Canal, which re- routed a lot of shipping.
Today, the Twin Cities boasts many ancillary businesses that serve food companies, such as
food - engineering consultants, attorneys specializing in food law and many marketing
businesses.
2 of 4 10/7/2013 2:28 PM
Why ADM should move home to Minnesota - Minneapolis / St. Paul... http: / /www.bizjoumals.com /twincities /print- edition/2013 /10/04 /why...
Then there's the university's College of Food, Agricultural and Natural Sciences, which offers
multiple services to business, Boland said. "We have more than 20 centers at the U of M with
the word food in the name," he said. "I don't think anywhere else has that many."
Thriving, convenient airport
Langley also touts the Minneapolis -St. Paul International Airport as a reason why ADM should
move here. Travel Leaders ranked MSP fourth in business travel for 2013. Chicago was
second.
"When you look at the Minneapolis -St. Paul International we have a very, very competitive set
of domestic and international arrivals," Langley said.
Chicago's two airports have more flights than Minneapolis, but they also come with a lot of
congestion, he pointed out.
Casale, who used to be the chief financial officer of Monsanto Co., based in St. Louis, also
emphasized the quality of the airport. "When I can drive 10 or 15 minutes to the MSP Airport
from my office and get on a plane and land in Tokyo in 12 hours, that is a benefit to us,"
Casale said.
Great place to do business
Other companies have been expanding and adding jobs in Minnesota recently and
corporations and site selectors are taking notice of the state's business climate, said Katie
Clark Sieben commissioner of the Minnesota Department of Employment and Economic
Development.
New factories planned by Shutterfly Inc., Emerson Process Management and Baxter
International are recent wins for the region, with those companies investing tens of millions of
dollars and adding thousands of jobs. Since January 2011, the state has created 122,200 new
jobs, a 5 percent increase, according to DEED figures.
Minnesota's August unemployment rate declined to 5.1 percent, the 10th -best among states
and well below the national average of 7.3 percent.
Minnesota remains one of the most educated states in the nation, ranking second in percent of
population with a high school diploma and 11th in individuals with a bachelor's degree or
higher.
Clark Sieben pointed out that in September, Minnesota jumped 12 spots up Forbes' list of the
best states for business, landing at No. 8. Minnesota was the most improved state on the list,
thanks to the recovering economy.
Illinois and Missouri, the two states supposedly competing with Minnesota for ADM's
headquarters, ranked 38th and 30th.
3 of 4 10/7/2013 2:28 PM
Why ADM should move home to Minnesota - Minneapolis / St. Paul... http: / /www.bizjoumals.com/twincities /print- edition/2013 /10/04 /why...
"Minnesota has the nation's fifth- fastest GDP growth rate and the third - highest - productive
workforce. We will be selling all of those pieces [to ADM]," Clark Sieben said.
What is ADM?
Archer Daniels Midland is a global food - processing and commodities - trading corporation. It
operates 270 plants and 420 facilities that procure crops.
Its largest business segments are in oilseed processing, corn processing and agricultural
services: Buying, storing, cleaning and transporting commodities.
In 2012, ADM reported $89 billion in revenue and $4 billion in profits. The company has
30,000 employees.
The company was born in Minneapolis. In 1902 John W. Daniels founded the Linseed Co. near
today's Hiawatha light rail tracks in South Minneapolis. A year later, George A. Archer joined
the company and the name changed to Archer Daniels Linseed Co. In 1969 ADM moved its
corporate offices and research laboratory to Decatur, III.
The company is led by CEO, President and Board Chair Patricia A. Woertz. She's a former
accountant for Ernst & Young and later was an executive for Chevron.
ADM General Counsel Cam Findlay is probably the largest Minnesota connection at ADM today
Before he became the company's top lawyer, he was general counsel for Fridley -based
Medtronic Inc. He left Medtronic for ADM in July.
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