Loading...
HomeMy WebLinkAboutItem 05.c2013 Economic Development Annual Report l cbruan 3, 21)14 LakavIII., Mlnnaofa —P Wdem d to ThrM Lakcsi 2013 Development Statistics • Total Building Permit Valuation = $149,511,301 • 2012 = $129,304,446 Lakeville, Minnesota — Positioned to Thrive 1/31/2014 1 ,�, 2013 Development Statistics Lakevrlley. • Commercial /Industrial Permit Valuation • 2013 - $11,125,750 • 2012 - $10,121,500 • 2011 - $17,974,000 • 2010 - $3,742,000 Lakeville, Minnesota— Positioned to Thrive • 398 residential units • 2012 = 393 units • 370 single family units • 2012 - 279 units i sl.r�iLk Mmnes_x, - -Fos dicard !c rML.= 1/31/2014 2 , 2013 Development Statistics Twin Cities Lakeville Woodbury Blaine Plymouth - Maple Grove Lakeville, Minnesota — Positioned to Thrive Residential Permits 0 100 200 300 400 500 212 3 361 39 BATC Dec 2ot3/City of Lakeville 2013 Development Statistics Twin Cities Maple Grove Plymouth Lakeville Woodbury Blaine Lakeville, Minnesota — Positioned to Thrive Residential Units 0 200 400 600 800 39 83 77 465 608 BATC Dec. 2oi3 /City of Lakeville (excluding Minneapolis- 3053 units) 1/31/2014 3 2013 Development Statistics uik • Housing Permits by School District • ISD 192 — 9 permits • ISD 194 — 219 permits • ISD 196 — 170 permits Lakeville, Minnesota — Positioned to Thrive or, Leynul - Ho•sa g Ptmuo school 0■0ld. 192 (9 Permits) 191(219 Permits) 1% (170 Pemuts) City of Lakeville Housing Permits Issued 2013 1/31/2014 4 , 2013 Development Statistics Litl Lakeville, MInn•sote-- Posboned b Thv, • Number of single family platted lots • 2013 = 397 • 2012 = 348 • 2011 = 171 • 2010 = 80 Senior Housing • Kingsley Shores completed • 101 -unit .senior living development Lakeville, Minnesota — Positioned to Thrive 1/31/2014 5 Business Growth • QA1 • Completed a 17,000 sf expansion of their recently acquired second building in Airlake Industrial Park • BTD • Leased 190,000 sf of additional warehouse and manufacturing space and added 100 new jobs Lakeville, Mimesota — Positioned to Thrive Business Growth • Midwest Veterinary Supply • Acquired former DHY building and relocated to Lakeville bringing 60 jobs • Platinum Code /IPC • Acquired an available building and relocated to Lakeville from North Dakota bringing 20 jobs Lakeville, Minnesota — Positioned to Thrive midwest ptotinudn veterinary supply cow. strength in service 1/31/2014 6 urkevrlk Business Growth • MOM Brands • Renovation of second building and relocation of corporate headquarters to Lakeville • National Polymers • Office expansion in 2013 combined with warehouse expansion in 2012 • Boise Cascade Building Materials Distribution • Acquired former CH Carpenter facility Lakeville, Minnesota — Positioned to Thrive Business Growth i I/ • New retail tenants • Threads and Inks expansion • Dressing Room Dojo • Nutri Shop • HealthSource Chiropracti;: • 210 Barbers Lakeville, Minnesota— Positioned to Thrive 1/31/2014 7 • New retail buildings /growth • Poquet Auto • Advance Auto Parts • Cosmopolitan Orthodontics • McDonald's Lakeville, Minnesota—Positioned to Thrive • Unemployment Rates in Lakeville • December 2013 - 4.0% • December 2012 - 4.5% 8% • December 2011 - 4.9% 6% • December 2010 - 6.2% 4% • December 2009 - 6.5% Lakeville, Minnesota — Positioned to Thrive 2% • o% Unemployment Rate 2009 2010 2011 2012 2013 1/31/2014 8 Redevelopment • Kenwood Trail /Ipava property acquisition and demo Lakeville, Mimesota— Positioned to Drive Staring of Expand.ng a 8.vness PIA OIx Em=/15 on Your S is • Open to Business • Manufacturers Appreciation • DEED Job Fair • MNCAR Expo • MN Real Estate Journal • Conference sponsorships • Marketing Partners Lakeville, Minnesota — Positioned to Thrive 1/31/2014 9 • 2014 -2016 Strategic Plan for Economic Development • Strategic Priorities • High Skill, High Wage Jobs • Infrastructure to Leverage Opportunities • Business Retention and Expansion • Incentives and Tools to Achieve Success • Enhancing a Pro - Business Climate • High Density Housing Lakeville, Minnesota—Positioned to Thrive Lakeville, Minnesota — Positioned to Thrive 1/31/2014 10