02-25-2026 Workshop Packet - Laserfiche WebLink

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26 | P a g e Understanding Little Canada’s Local Economy Overall Report - Key Findings 1. Little Canada functions as a regional employment center. The city supports 6,995 primary jobs and has added 1,713 jobs since 2002, while resident labor force growth has increased by only 282 individuals. 2. The city operates within a regional labor market. Only 3.9 percent of residents both live and work in Little Canada, with 6,807 workers commuting into the city and 4,609 residents commuting out in 2023. 3. Development intensity is directly tied to fiscal productivity. Commercial, industrial, and higher-density residential districts generate between two and three times more tax revenue per acre than R-1 single-family zoning. 4. Land allocation and tax production are not proportionally aligned. R-1 zoning comprises 45.5 percent of buildable land but generates 37.3 percent of total property tax revenue. 5. Lot size has a measurable fiscal impact within single-family zoning. Within the R-1 district, tax revenue per acre declines by approximately 65 percent from the smallest quintile of lots (under 0.25 acres) to the largest quintile (over 0.6 acres). 6. Multifamily tax classification materially affects fiscal outcomes. Class 4A (market- rate) apartments generate approximately 2.4 times more tax revenue per acre and just over four times more per unit than Class 4D (income-restricted) apartments. 7. The city’s largest individual tax contributors are concentrated in higher-intensity development forms. While R-1 zoning is the single largest contributor in aggregate, the highest individual tax-producing parcels are high-density multifamily, industrial office park, and corridor-based commercial properties. 8. Little Canada captures more retail sales than projected for a community of its size. The city’s pull factor of 1.07 indicates retail strength, though spending leakage remains in grocery and dining categories.