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Executive Summary TARGET INDUSTRY ANALYSIS In order to determine which specific industries drive Anoka County's economy, a 6-digit NAICS code analysis was conducted on a number of industry groups. After analyzing and screening these industries, we came up with the following recommended target industries for Anoka County: Target Industry Subsectors of Focus Comments Medical Device Manufacturing ' The medical device supply chain is well developed in the region. and Related Industries ' Technologic advances in medical devices are creating opportunities for metal and advanced materials fabrication and precision instrument manufacturing. • Plastics manufacturing technologies are well established in the region Plastic Product Manufacturing • Producers are aligned with both advanced devices (e.g. medical devices) and commodity parts (e.g. food machinery, farm equipment, transportation equipment) • Instrumentation and measuring devices are critical to manufacturing precision Instrument Manufacturing products including medical devices. Light Manufacturing • There is growing demand for precision instruments. • The region has a strong tradition for precision machining and the fabrication of metal Metal Working, Machining and and other specialized materials. Specialized Materials • Advanced materials, such as carbon fiber, are growing in importance within the global economy. • Minneapolis/St. Paul region has a long history around innovation and manufacturing Chemical Manufacturing of adhesives and other industrial supply chain specialty chemicals. • Advances in medical devices, pharmaceuticals, coating technologies are present in the region and align with Anoka County skill sets. Heavy Manufacturing Machinery Manufacturing ' This includes machinery related to existing industries in the region including food processing and material handling equipment, and farm machinery. Specialized Distribution and ' The big box -type fulfillment centers are more likely to locate south of the city for better Distribution and Trucking Warehousing access to market; however, Anoka County has seen some small specialty distribution going on in the region and smaller trucking operations. • Data centers are big users of electricity and Anoka County has the infrastructure to Data Centers Smaller data centers support this. However, this industry also requires fiber access, which is only available in some parts of the county. Recruitment should be limited to only those areas. Medical services • Some available buildings for this; however, there will need to be a better inventory of Back Office Call centers these buildings in the future in order for Anoka County to realistically recruit this industry. Voltedge, Inc. dba Ady Advantage 1 301 S. Blount St, Suite 103 1 Madison, WI 53703 1 608.663.9218 1 AdyAdvantage.com