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HomeMy WebLinkAbout02-18-1415 q p k �R villi rr AGENDA Economic Development Commission February 18, 2014 — 4:30 p.m. City Hall, Marion Conference Room 1. Call to order 2. Approval of January 28, 2014 minutes 3. Presentation of Dakota County Comprehensive Housing Study — Andrea Brennan, Dakota County CDA and Mary Bujold, Maxfield Research Inc. (Copies of the presentation to be provided at the meeting) 4. Discussion of 2014 -16 Strategic Plan for Economic Development Work Program 5. Directors Report 6. Adjourn Attachments January, 2014 Building Permit Report Business Retention & Expansion Reports for 2013 for Dakota County and the Region — Greater MSP and Grow Minnesota Dakota County Open to Business 2013 Final Report "U.S. and Midwest manufacturing grows in January despite lousy weather," StarTribune, February, 2014 "Key to economic development: Preparation," Finance and Commerce, January 24, 2014 Cm Not.� CITY OF LAKEVILLE ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES January 28, 2014 Vice Chair Longie called the meeting to order at 4:30 p.m. in the Marion Conference Room at City Hall. Members Present: Comms. Matasosky, Tushie, Schu4 Long ie, Emond, Akason, Smith, Mayor Matt Little, Ex- officio member Lakevillember of Commerce Executive Director Todd Bornhauser, Ex- officio merx�b`',; ity Administrator Steve Mielke. Members Absent: Others Present: David Olson, Comma ift Kienberger, Economic Development Specia 2. Approval of November 26, 3. 4. Director; Adam approve the minutes of the dented. Motion carried Annual Report. Development Work ate on the next steps for the 2014 -2016 Strategic 4., ,A draft Work Plan was discussed based on key f ' elan Outline document. Members oft 1'� -.ADC inquired if there were any specific priorities noted by the Council when thby, " the report. They further added that the City should continue to streaml:leyelopment processes and promote advantages. Comm. Akason noted 'that some of the proposed Strategic Initiatives would support other Initiatives, specifically focusing on providing clear direction to staff on establishing consensus surrounding incentive policies, assumptions, ROI, and priority locations. The EDC agreed that staff should continue to develop at Work Plan based on the highlighted Strategic Initiatives included in the packet materials. 5. February Meeting Date Economic Development Commission Meeting Minutes, January 28, 2014 Page 2 Because of a conflict on the regular upcoming February EDC meeting date, the next EDC meeting will be on February 18 at 4:30 p.m. 6. Director's Report Mr. Olson reviewed the Director's Report and highlighted the continued increase in new single - family home permits. 7. Adjourn Meeting adjourned at 5:40 p.m. Respectfully submitted by: Adam Kienberger, Recording S F . ems. }�� �•�• �•,M f. 5• t F ' Viz, E `may CS�$T.8 a No. I keville City of Lakeville Community & Economic Development Memorandum To: Economic Development Commission From: Adam Kienberger, Economic Development Specialist Copy: David L. Olson, Community & Economic Development Director Steven Mielke, City Administrator Date: February 14, 2014 Subject: Strategic Plan for Economic Development Work Plan The City Council accepted the EDC's 2014 -2016 Strategic Plan for Economic Development at their January 6, 2014 meeting. This plan provides the EDC and staff with a basis to focus on specific initiatives during this three -year period. The priorities discussed at the EDC's January meeting are the foundation for the attached proposed Work Plan to guide the EDC and staff during 2014. Please review the attached draft Work Plan along which includes specific actions and ways to measure the success of those actions. Bring any comments and /or suggestions to the meeting on Tuesday. 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Olson, Community and Economic Development Director Copy: Steven Mielke, City Administrator Adam Kienberger, Economic Development Specialist Date: February 14, 2014 Subject: February Director's Report The following is the Director's Report for February, 2014. Building Permit Report The City has issued building permits with a total valuation of $12,259,700 through January. This compares to a total valuation of $7,432,458 through January of 2013. The City issued commercial and industrial permits with a total valuation of $632,000 through January compared to a total valuation of $202,750 during the same period in 2013. The City has also issued permits for 32 single family homes through January with a total valuation of $10,858,000. This compares to 22 single family home permits through January of 2013 with a total valuation of $6,914,000. The 32 single family home permits issued in January, 2014 was the highest in the Metropolitan area according to the Builders Association of the Twin Cities. Open To Business Annual Report and Upcoming Event Attached is the 2013 Open To Business Annual Report. This report shows a summary of the activity that occurred in Dakota County through interaction with the Open To Business program. Lakeville remains a contributor and active participant in this program. Dakota County CDA and Open To Business are hosting an informational program on Thursday, March 6th starting at 7:30 a.m. at the Valleywood Golf Course in Apple Valley. You are invited to attend to learn more about the tools that Open To Business can utilize to assist businesses in Dakota County and Lakeville. Fairfield Business Campus Property Owners Annual Meeting Staff coordinated the annual Fairfield Business Campus Property Owners Association meeting on February 4 at ImageTrend. This meeting is held annually in accordance with the bylaws of the property owners association, and also gives staff the opportunity to meet with and build relationships with the businesses in the Fairfield Business Campus. All of the businesses indicated strong anticipated growth over the next several years. Realtors Forum The City will be hosting a residential Realtors Forum on Thursday, March 6th from 9:00 a.m. to Noon at City Hall. This event is being coordinated with the St. Paul Area Association of Realtors and was last held in 2011. The event will include informational presentations by numerous City departments along with Lakeville School District, Lakeville Area Chamber of Commerce, and the Dakota County CDA. The goal of the event is to promote Lakeville to area realtors and provide them with updated information on our community that will allow them to better inform potential real estate buyers about the City. Menasha Expansion Staff was recently informed by Menasha Corporation that they are proposing a major expansion of their existing manufacturing facility in Airlake Industrial Park. The Company has made an application for Tax Increment Financing (TIF) assistance to off -set eligible site improvement costs. 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Minneapolis Saint Paul Regional Economic Development Partnership 110111111111= = Market Information Primary Market 14 Local 14% 12 Midwest (including MN) 18% 7 10 Eastern States 7% g Minnesota 11% 6 United States 25% 4 International -- 18% 2 Not Identified 7% 0 Export Locations Does this company export? 13 13 Yes Africa & Middle East X14 2 Australia & Pacific Oceania 0 Canada Europe & Russia 4 Greater China �� 3 India, Pakistan, Central /South Asia 2 Japan, Korea, Southeast Asia 3 Latin America & Caribbean 4 Mexico 4 Exporter but location not identified S Investment Plan Investment Plans 20 15 10 7 S 0 ■ 3 3 4 - Renovate /Expand Make major Invest in new None current facilities equipment facilities purchases 2 No Not identified 6 15 Not identified Questions? Contact Megan Barnett- Livgard at megan.Iivgard @greatermsp.org, 651.287.5812 or Peter Baum at pbaum @mnchamber.com or 651.292.4674 This report has been compiled by GREATER MSP and Grow Minnesota! to reflect data that has been entered into Salesforce.com from completed BRE surveys. Every effort has been made to ensure that the information clearly reflects data entered by city /county reps and Grow Minnesota! staff. GREATER MSP l Minneapolis Saint Paul Regional Economic Development Partnership 400 Robert Street North, Suite 1600 1 Saint Paul, MN i www.greatermsp.org Business Details Primary Business Sector 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% Accommodation /Food Services i 3% Administration /Support/Waste... 1 1% Agri culture /Forestry/Fishing/Hunting = 2% Arts /Entertainment /Recreation M 2% Automotive 0% Construction � 6% Educational Services 1111111 2% Finance /Insurance � 8% Health Care /Social Assistance � 5% Information ■ 1% Management of Companies & Enterprises ■ 1% Manufacturing 23% Manufacturing - Food /Candy 1 1% Non Profit 1 1% Not identified 0% Other Services � 10% Professional /Scientific/Technical Services 13% Real Estate /Rental and Leasing � 3% Retail Trade 12% Transportation/Warehousing 01% Utilities ■ 1% Wholesale Trade 5% Local Employment and Workforce Status of lobs Over Past Year 300 220 184 200 300 200 100 32 55 100 0 0 Decreased Stayed the Increased Not same identified Is this facility owned or introduced new products? leased? 400 270 200 200 ■ 179 . 42 0 Yes Owned Leased Not identified identified Has this company introduced new products? 300 234 212 200 , 100 45 0 Yes No Not Increase identified Status of Company Sales Over Past Year 400 289 200 35 101 62 0 M 4 Decreased Been Increased Fluctuated No relatively widely response stable Expectations for Change in Number of Jobs 217 179 5 so 27 63 _ Decrease Be Increase Unsure Not relatively identified stable GREATER MSPTM GROW MINNESOTA. i Minneapolis Saint Paul Regional Economic Development Partnership == Market Information Primary Market 0% 10% 20% 30% 40% Local 29% Midwest (including MN) 15% Minnesota 19% United States 24% International 10% Not Identified 0 3% Export Locations 0 5 10 15 20 25 30 35 40 45 Africa & Middle East 15 Australia & Pacific Oceania 15 Canada 41 Europe & Russia 30 Greater China 22 India, Pakistan, Central /South Asia 12 Japan, Korea, Southeast Asia 24 Latin America & Caribbean 23 Mexico 21 Investment Plan Investment Plans 200 184 150 103 99 91 100 80 50 0 Renovate /Expand Make major Invest in new None Not identified current facilities equipment facilities purchases Questions? Contact Megan Barnett- Livgard at megan.Iivgard @greatermsp.org, 651.287.5812 or Peter Baum at pbaum @mnchamber.com or 651.292.4674 This report has been compiled by GREATER MSP and Grow Minnesota! to reflect data that has been entered into Salesforce.com from completed BRE surveys. Every effort has been made to ensure that the information clearly reflects data entered by city /county reps and Grow Minnesota! staff. GREATER MSP I Minneapolis Saint Paul Regional Economic Development Partnership 400 Robert Street North, Suite 1600 1 Saint Paul, MN I www.greatermsp.org Does this company export? 400 359 350 300 250 200 150 103 100 so 29 0 kwl wsik Yes No Not identified Export Locations 0 5 10 15 20 25 30 35 40 45 Africa & Middle East 15 Australia & Pacific Oceania 15 Canada 41 Europe & Russia 30 Greater China 22 India, Pakistan, Central /South Asia 12 Japan, Korea, Southeast Asia 24 Latin America & Caribbean 23 Mexico 21 Investment Plan Investment Plans 200 184 150 103 99 91 100 80 50 0 Renovate /Expand Make major Invest in new None Not identified current facilities equipment facilities purchases Questions? Contact Megan Barnett- Livgard at megan.Iivgard @greatermsp.org, 651.287.5812 or Peter Baum at pbaum @mnchamber.com or 651.292.4674 This report has been compiled by GREATER MSP and Grow Minnesota! to reflect data that has been entered into Salesforce.com from completed BRE surveys. Every effort has been made to ensure that the information clearly reflects data entered by city /county reps and Grow Minnesota! staff. GREATER MSP I Minneapolis Saint Paul Regional Economic Development Partnership 400 Robert Street North, Suite 1600 1 Saint Paul, MN I www.greatermsp.org I' TO BUSINESS Dakota County 2013 Final Report Clients Served: Hours of Direct Service: New /Existing Entrepreneurs 136 1 Quarter- 263 Existing Business 36 2" Quarter- 426 (Of those clients served) 3 Quarter- 384 4 Quarter- 251 Inquiries: 322 Total Direct Service: 1,324 ( *Requests for information /referral, not a formal client) Office Hours /Events /Marketing: 1 Quarter- 567 Financing: 2nd Quarter- 219 Provided: (Dakota County Businesses) 3rd Quarter- 258 Number 4 4th Quarter- 236 Amount $195,000 Total Office /Marketing: 1,280 Provided: (Dakota County Residents) Number 8 Total Hours: 2,604 Amount $79,374 Microgrants: Industry Segment: Number 3 Retail 28 Amount $3,000 Service 83 Credit Builder Loans Food 33 Number 4 Manufacturing 1 Amount $1,055 Technology 1 Real Estate /Related Trades 3 Total: Number: 19 Amount $278,429 Client City: Apple Valley 8 Requests /In Process: Burnsville 15 Number 1 Eagan 16 Total Request $30,000 Farmington 10 Facilitated Loans: Hastings 10 Number 2 Inver Grove Hts 5 Amount $50,000- 100,000 Lakeville 11 Mendota Heights 0 Referral Source: Rosemount 10 CDA 9 S. St. Paul 5 City 107 W. St. Paul 2 Internet 4 Townships 2 Chamber 5 Undecided Location 42 Other (Banks, Schools, etc.) 65 � .tA F7 o P ejft!V%q SOON - 1 , New Tools for Lenders, Entrepreneurs and Small Business Please join us for Open To Business Dakota County: New Tools for Lenders, Entrepreneurs and Small Business on Thursday, March 6, 2014 at the Valleywood Golf Course in Apple Valley. This free breakfast program will cover new financial tools, workforce training and resources available for small businesses and entrepreneurs, and highlight Open To Business partnerships with private commercial lenders. Open To Business (OTB) provides business advisory assistance and access to capital. OTB works with traditional lenders to shore up gaps in entrepreneur and small business capital needs. For every $i OTB lends, $4 of private financing is leveraged. Specifically, OTB can help entrepreneurs and small businesses: • Develop and refine a business plan • Develop sound financial and tax compliance procedures • Prepare loan applications • Meet capital needs by providing direct loans along side or in participation with a banking partner to close funding gaps and reduce bank risk ............................................................ ............................... Dakota County Cort R/�ta -Scott merillY D•vbprtrr+t Aprtey � N'orkForcr Invnement board CDA ..M..r�r, ?8 MUSINUSS Attendees have a chance to win a free round of golf! Open To Business Dakota County New Tools for Lenders, Entrepreneurs and Small Business Thursday, March 6 Valleywood Golf Course 4 McAndrews Road, Apple Valley 7 :3o -8 a.m. REGISTRATION FULL BREAKFAST 8 -9:3o a.m. PROGRAM • Presentations by OTB advisors and lenders • Presentations by WorkForce Center experts • Testimonials from Open to Business & WorkForce Center participants Register by noon on Monday, March 3 forthis FREE program online at http://opentobusineSS2014 .eventbrite.com or call 651- 675-4432 U.S. and Midwest manufacturing grows in January despite lousy weather Dee DePass, Star Tribune U.S. manufacturing grew at the slowest pace in eight months as bitter cold weather and snowstorms across the country weakened demand for new orders. The tepid report Monday from the Institute for Supply Management sent stocks sharply lower, with the Dow Jones industrial average tumbling more than 325 points. Muted growth in manufacturing is often seen as a sign of economic weakness, and makes some question the stock market's , momentum. The national index for manufacturers fell to 51.3 in January from 56.5 in December. Any index above 50 signals growth; any number below 50 suggests decline. The report "mirrors other recent [reports] which have shown weaknesses with weather and the holidays dampening demand and output," said Chad Moutray, chief economist for the National Association of Manufacturers. Meanwhile, growth improved among Midwest factories. Creighton University reported that its business conditions index increased for a third consecutive month. Regional results were propelled by inventory improvements and strong sales of metal products, machines and other durable goods that last more than three yea rs. The Creighton index grew to 57.7 in January from 53.2 in December for the nine - state Mid - America region that includes Minnesota, Iowa, Missouri, Nebraska, North Dakota, South Dakota, Kansas, Oklahoma, and Arkansas. Midwest employment also sprung back during the month after hiring declines in December. Hiring was so strong that the region has now regained all the jobs lost during the recession, the report said. In addition, plant managers surveyed by Creighton said they expect to raise workers' pay in 2014 by an average 2.5 percent, up from an estimate of 2 percent a month ago. Ernie Goss, director of Creighton University's Economic Forecasting Group, said his January report found "very strong growth" for the region as business services and durable goods makers performed well. Their gains offset setbacks seen by some makers of processed foods, paper — products and other goods. In Minnesota, the manufacturing sector grew for a 14th month as makers of medical equipment, computers, home - related products and other long- lasting goods saw sales rise. Still the overall index for the state slipped slightly to 57.7 from 58.9 in December. Goss said he was not discouraged by the dip. "Healthy improvements among durable and nondurable goods producers are spilling over in the broader Minnesota economy. While construction activity is not back to prerecession levels, it continues - -to advance," Goss said. In recent weeks and months, several Minnesota companies, including Graco, Valspar, 3M, Toro and Polaris, said they are being bolstered by renewed strength in the home and - construction sectors. And Bradley Holcomb, who issues the Institute for Supply Management's monthly survey, noted that all was not bad with U.S. manufacturing. Export orders grew for a 14th month and 11 of the country's 18 manufacturing sectors grew during January. In addition, many surveyed plant managers still "reflect optimism and [see] increasing volumes in the early stages of 2014," Holcomb said. , Sectors that did particularly well included plastics, textiles, wood, printing, metal, — electrical equipment and transportation. Jefferies LLC Money Market Economist Thomas Simons said that while the weather is affecting factories nationwide, he views the situation as only a temporary setback. "We are optimistic that things will improve when the weather warms up and the snow stops falling," he said. Finance & Commerce > Print > Key to economic development: Preparation Finance & Commerce Key to economic development: Preparation by Art Hughes Published: January 24th, 2014 In the competitive and sometimes shadowy world of economic development, it takes more than just financial incentives and flexible zoning regulations to land a job -rich company. That was the key message from experts on both sides of the equation who appeared Friday at the Economic Development Association of Minnesota winter conference in Brooklyn Park. It takes months and even years of preparation to achieve success. At least one expert warned that preparation comes down to the moment when city officials meet company representatives for the first time. Page 1 of 1 http://finance-commerce.com "You need to explain why you're different than Westwood Professional Services in speaking to the the other guy in about 15 seconds," said Steve winter conference of the Economic Development Schwanke, senior land development consultant Association of Minnesota. (Staff photo: Bill Klotz) with Eden Prairie -based Westwood Professional Se rvice . "We only get one bite at the apple. If there's anybody (from the city) in that meeting that's considering hitting the no button, get them out of that meeting." Schwanke's company works with developers to find suitable locations for commercial, industrial and residential projects. He's devised a checklist to help cities meet corporations' basic requirements long before that first face -to -face meeting. It includes: • Developing and articulating a realistic vision for economic development. • Figuring out what community's main assets are. • Making strong public - private partnerships well ahead of time. "They don't like surprises," Schwanke said. Making such decisions ahead of time paid off for Osseo when it came time to infill the downtown site where the 71 -unit 5 Central apartment complex is under construction. The project between Central Avenue and First Avenue NW broke ground last summer. The $12 million, 69 -unit second phase is up for approval by the city council next week. "Some others at the city were wanting to put retail on the first floor and I just said no," said Osseo Mayor Duane Poppe. "Let's not have the developer build a project that's going to fail." He said marketing studies the city had done helped him make the case that the site couldn't support retail. In addition, not requiring the developer to find a retail tenant for a large swath of the building's square footage lowered the per -foot development cost. "When Osseo first started the discussion with us, their needs, wants and desires were based on a deliverable reality," said Bill Beard, head of Hopkins -based Beard Group that's developing the 5 Central project. In addition, the city's economic development authority had already purchased and prepared the land. "We didn't want to get into a situation where we couldn't assemble some of the parcels" and drag the process out, Beard said. The second phase of the development also depended on the city acquiring the land and clearing three structures. Beard said the 100,000- square -foot second phase could break ground in May if all goes well. Officials are still negotiating how much Tax Increment Financing to apply to the project. Complete URL: http: // finance- commerce.com / 2014 /01/ key -to- economic - development - preparation/ http: / /finance- conimerce.com /wp- content /piugins /tdc- sociable- toolbariwp- print.php ?p =70656 1/27/2014 Osseo Mayor Duane Poppe, left, recommends city officials come up with realistic visions for development. He joined Steve Schwanke of