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Lino Lakes Comprehensive Plan Update Chapter 5: Economic Development 5-3 <br />Key Indicators <br />This section presents data about employment trends and forecasts, and about commuting and travel patterns, both of <br />which reflect and influence the city’s economic development. Information on some of the other factors affecting the <br />local economy is also found in other plan chapters: for example age, education and income (Chapter 2, Community <br />Background); land use and development (Chapter 3, Land Use); and housing affordability (Chapter 4, Housing)� <br />Employment Trends and Forecasts <br />Table 5-1 and Figure 5-1 illustrate the historic and projected employment numbers since 1970 and through the <br />Table 5-1� Lino Lakes Employment Trends and Forecasts <br />Employment Households Jobs Per Household <br />1970 430 812 0�53 <br />1980 771 1,388 0�56 <br />1990 1,229 2,603 0�47 <br />2000 2,671 4,857 0�55 <br />2010 3,313 6,174 0�54 <br />2020 4,700 7,000 0�67 <br />2030 5,300 8,600 0�62 <br />2040 6,000 10,600 0�57 <br />Source: Metropolitan Council <br />2040 planning period� Lino Lakes has experienced a very consistent residential and commercial growth rate with <br />approximately one local job for every two households This ratio is consistent with a suburban community that does <br />not have a large or diversified economy, commonly referred to as a “bedroom community”. As the community grows, <br />the trendline shows a slight improvement, which would provide more opportunity for residents to work within the <br />community and provide residents with a greater diversity of goods and services� <br />0.00 <br />0.10 <br />0.20 <br />0.30 <br />0.40 <br />0.50 <br />0.60 <br />0.70 <br />0.80 <br /> - <br /> 1,000 <br /> 2,000 <br /> 3,000 <br /> 4,000 <br /> 5,000 <br /> 6,000 <br /> 7,000 <br />1970 1980 1990 2000 2010 2020 2030 2040 <br />Figure 5-1. Lino Lakes Employment Trends and Forecasts <br />Employment Jobs Per Household <br />Figure 5�1 Lino Lakes Employment Trends and Forecasts