HomeMy WebLinkAboutItem 05.aMarch 21, 2011
Overview
The Spotlight on Business program is designed to recognize new and existing commercial and
industrial businesses in the Lakeville community. Upcoming Spotlights this year will be
featuring a variety of businesses located in Downtown Lakeville. The program is also designed
to emphasize, for residents, the important tax and employment benefits that business and
industry provide to the community.
Ace Hardware & Paint will be featured at the March 21 City Council meeting. Economic
Development Commissioner Jim Emond Sr. will present the information on Ace Hardware &
Paint and owner, Dean Simon will be present to accept the award.
Ace Hardware & Paint is a hardware supply and service store with two locations in Lakeville.
Their uptown store is located on Juniper Path just off of Kenwood Trail, and their Downtown
store is located in Downtown Lakeville adjacent to Market Plaza.
In Lakeville since 1994, Mr. Simon added a new location in 2006 with the Uptown store and
recently built a new store to replace the old Ace Hardware building in Downtown just over a
year ago. It should also be noted that both locations have been awarded a Platinum level by
Ace Corporate for the quality experience these two locations represent.
As they gear up for spring, both locations offer Benjamin Moore paint, lawn & garden
equipment, and grills including a large selection of Weber grill products. With a knowledgeable
and helpful staff, Ace Hardware & Paint offers quality and convenient service to both Lakeville
residents and businesses including several partnerships within the Airlake Industrial Park.
Ace Hardware & Paint provides a substantial job and tax benefit to the community. The Dakota
County Assessor has assigned an estimated market value of nearly $2.5 million to the both
properties. Based on current tax capacity rates, this market value will result in an estimated
contribution of over $80,000 in local property taxes going to support the City, Dakota County,
and Independent School District 194 in 2011. In addition to the tax base, Ace Hardware & Paint
currently employs nearly 30 people in Lakeville and approximately 120 at all 5 stores Mr. Simon
operates.
Adam Kienberger
Economic Development Specialist
Spotlight on Business
Ace Hardware & Paint
Item No.
Financial Impact: $ 0 Budgeted: Y/N Source:
Related Documents (CIP, ERP, etc.):
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