09/02/2008 Council Packet - Laserfiche WebLink

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• Projected Employment Growth Chart 5 -4 shows projected employment for Lino Lakes and its rapidly developing neighbors of Blaine, Hugo, and Forest Lake through 2030. The data comes from the Met Council and shows employment in the four cities collectively growing from about 27,000 jobs in 2000 to 40,400 jobs by 2030 with majority of the growth occurring in Blaine and Forest Lake. These four communities currently account for roughly 1.7 percent of all jobs in the 7- County Twin Cities Metro Area. Their share of projected job growth over the next 30 years is expected to be 2.3 percent of all jobs. Chart 5 -4: Job Growth 25,000 20,000 0 G 15,000 To o 10,000 H 5,000 Job Growth Lino Lakes and Neighbors 2000 -2030 Source: Met Council Forest Lake Lino Lakes (Revised) Hugo 2000 2010 2020 2030 Potential Demand for Office and Industrial Development in Lino Lakes Previously, Chart 5 -4 presented the projected growth in the number of jobs in Lino Lakes and its growing neighbors through 2030. According to the original Met Council forecast, Lino Lakes was projected to remain mostly a bedroom community with only nominal job growth of 500 jobs in the 2000s, 350 jobs in the 2010s, and 250 jobs in the 2020s. After studying the employment growth in the city, the forecast was revised dramatically upwards and as can be seen in the Chart above, Lino Lakes' growth rate is anticipated to increase substantially. The Met Council is now projecting job growth of 1,656 jobs in the 2000s, 2,100 jobs in the 2010s, and 1,800 jobs in the 2020s. This forecasted employment growth appears reasonable given Lino Lakes' access to both Interstates 35W and 35E. Not all of the forecasted job growth will result in development of new office and industrial space. Examining the projected market sector employment growth in Chart 5 -2, some industry sectors 5 -7