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HomeMy WebLinkAboutItem 05City of Lakeville Community & Economic Development Memorandum To: Economic Development Commission From: Kati Bachmayer, Economic Development Specialist Copy: Justin Miller, City Administrator David Olson, Community and Economic Development Director Date: September 25, 2018 Subject: 2018 Progress Report on 2017-19 Economic Development Strategic Plan The EDC and City Council approved the 2017-19 Economic Development Strategic Plan in January 2017. The Strategic Plan identified the following Strategic Priorities for Economic Development for 2017-19: • Business Retention and Expansion • Maintain a Competitive Edge • Housing to Support Economic Goals • Workforce The attached summary page of the 2017-19 Plan also lists Desired Outcomes, Key Outcome Indicators (KOI), and Strategic Initiatives. Staff has prepared the attached 2018 Progress Report (through September) on the Strategic Plan that lists the specific projects or initiatives that were completed or begun in 2018 that are consistent with the Plan. Significant progress has been made for most or all the Strategic Priorities and conclusive data on Targets and Key Outcome Indicators can be determined at the end of the three-year plan (2019). For your reference, we have also included the 2017 report. This report is provided as an update to the EDC members on the Strategic Plan progress. Staff welcomes any feedback or recommendations for 2018-2019. Lakeville EDC- Strategic Plan Summary 2017-2019 Strategic Priority Desired Outcome Key Outcome Indicator (KOI) Target Strategic Initiatives Business Retention and Expansion Limit loss of existing business -Lakeville business inventory -Bldg. permits No net loss over three years -Update and monitor current business database with info on expansions and job growth -Communicate to existing businesses the benefits of expanding in Lakeville -Implement a system to follow-up with businesses that choose to expand in Lakeville or elsewhere to determine factors that impacted location decisions --Periodically report to EDC and City Council on information received Lakeville is the first choice for expansion -Business expansion & relocation lists >75% of current businesses expand rather than relocate Have a clear understanding of relocation and expansion decisions -Interview results -Expansion & relocation reports > 60% of all businesses report on relocation and expansion decisions -EDC and City Council understand relocation and expansion requirements Maintain a Competitive Edge Be the community of choice Competitive data on development decisions Track wins/conversion rate by year and improve % of wins each year ___ -Review 2012 City Business Marketing Plan and improve and expand as necessary - Continue review of regulatory processes and development fees -Review incentives guidelines-for measurable ROI’s -Communicate and publicize major commercial and industrial expansions and new construction projects Be the community of choice -Industry evaluations - Survey results Improve C/I Real Estate industry recognition, awareness and opinion of Lakeville Housing to Support Economic Goals Balanced housing options to support market demands Housing inventory 250 additional higher density units that address needs -Work with developers to identify scattered sites that are potential sites for higher density development -Work with developers to obtain the necessary approvals to allow construction to commence -Work with Planning staff and consultant to identify future sites and zoning districts to be guided for higher density development Housing developed in areas that stimulate/enhance commercial development Sites that leverage commercial development 2 sites developed Policy guidance in place to achieve a variety of housing in the city -Policies -Comprehensive plan New comp plan update w/ new provisions & zoning ordinance changes-by end of 2019 Workforce More quality jobs -DEED reports -Incentives reports 200 new jobs paying over $60k/yr. -Review current TIF and Tax Abatement policies to better correlate assistance levels to proposed wage levels -Initiate discussions with existing higher education providers -Pursue possible partnerships or collaborations with Chamber of Commerce, School Districts, and Higher Education Providers Improved access to specialized training & education -List of available providers A commitment for a higher education presence and/or availability for local businesses and residents 2018 PROGRESS REPORT ON 2017-2019 ECONOMIC DEVELOPMENT STRATEGIC PLAN (through Sept) Business Retention & Expansion Maintain a Competitive Advantage Housing to Support Economic Goals Workforce HOBO, Inc. (expansion), Buddy’s Kitchen (expansion), Schneiderman’s Distribution Center (new) Compeer Financial Services, Bank of America, Genisys Credit Union, Wings Financial Credit Union Avonlea 4th Addition - 60 attached townhome units Under construction – street and utility work Workforce Manufacturing Week panel discussion Hy-Vee Convenience Store, Lakeville Liquor sale/leaseback (addition of 2 retail spaces) Aldi, Chipotle, Freddy’s Frozen Custard & Steakburgers, Dunn Brothers, Caribou Coffee & Einstein Bros Lakeside Flats apartments (market rate) – 120 units Under construction LakevilleWorks! partnership with the Chamber Northland Collision Center (expansion), Motoprimo (expansion) YMCA Early Childhood Center (1st standalone in MN) KingsPath senior apartments (market rate) – 55 units Under construction 40 FT jobs to be added thanks to business subsidies Bethlehem Lutheran Church (new facility) Board & Brush, Reina’s Boutique, The Bonus Room Beehive Homes (senior memory care) – 20 units Final plat approved MNTRN workforce seminar White Funeral Home (addition), McDonald Eye Care (new building), Lakeville Dental Advanced Oral Surgery, Pilot Knob Dental, River’s Edge Dental, Exuberance Chiropractic, Minnesota Orthodontics, Club Pilates Edison at Avonlea apartments (market rate) – 146 units Complete & partially occupied Dakota-Scott County Workforce Summit Cosmopolitan Orthodontics (2nd location) Hampton Inn & Suites Edison at SBF apartments (market rate) – 146 units Scheduled Council approval 10/1 Board & Batten (expansion) Bethlehem Baptist Church Downtown Development Guide overlay district Spotlight on Business videos (Interstate PowerSystems, FedEx Freight) Sherwin Williams, Valvoline Instant Oil Change, O’Reilly Auto Parts Support senior housing through coordination and launch of Lakeville LOOP senior circulator bus Minnesota Marketing Partnership, Open to Business bankers meeting (scheduled for Nov. 7) Thrive! Newsletters DEED magazine ad (7,500 copies distributed to site selectors) Scannell 150,000 SF spec building in ISLP MN Real Estate Journal summit (sponsor & speaker) 2017 PROGRESS REPORT ON 2017-2019 ECONOMIC DEVELOPMENT STRATEGIC PLAN Business Retention & Expansion Maintain a Competitive Advantage Housing to Support Economic Goals Workforce Launch Park I (Menasha expansion) Agape Mechanical, Buddy’s Kitchen, Consulting Engineers Group (CEG), Globus Transport Argonne Hills apartments (senior affordable) – 62 units Completed & occupied Workforce snapshot video Bass Flexible Packaging (addition) Christian Brothers Automotive Lakeville Pointe apartments (affordable workforce) – 49 units Completed & occupied Workforce Development Panel Discussion (Manufacturers Week) McDonald Eye Care Associates (new building) MedExpress Urgent Care The Moments (senior memory care) – 32 units Completed & partially occupied Lakeville Works! Initiative partner Super Target (refresh) Freddy’s Frozen Custard & Steakburgers, Caribou Coffee & Einstein Bros Bagels, Chipotle Avonlea Village Green apartments (market rate) – 146 units Under construction Business Subsidy Policy updated to provide preference to companies offering higher paying jobs Total Hockey (relocation) Rainbow Child Care, Hypointe Childcare Lakeside Flats apartments (market rate) – 120 units Under construction Employment numbers up to 17,173 (DEED) Lakeview Bank (addition) MN Real Estate Journal summit (sponsor & speaker) Bethlehem Lutheran apartments (market rate senior) – 70 units Construction not started Gander Outdoors MNCAR Expo sponsor Proposing new high and medium-density housing areas in 2018 Comp Plan Emagine Lakeville Theater Magazines (DEED publication and Focus on Business) Identifying additional high- density and medium/high- density areas through Downtown Development Guide update Schneiderman’s Furniture Thrive! Newsletters & Economic Development Snapshot videos Support senior housing through coordination and launch of Lakeville LOOP senior circulator bus service Christian Heritage Academy Minnesota Marketing Partner Hy-Vee C-Store Open to Business program Record year for building permit valuation ($270M) 22 acre commercial site near I-35/CSAH 70 purchased on spec by developer Data Center Certification process (Deloitte/Great River Energy)