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Employment <br />Table 5 -7 illustrates the historic and projected employment figures for Lino Lakes produced by <br />the Metropolitan Council. During the three decades leading up to the year 2000, Lino Lakes <br />experienced a very consistent residential and commercial growth rate with approximately one <br />local job for every two households (Chart 5 -5). This rate is significantly lower than the average <br />for the metro area and is consistent with a suburban community that does not have a large or <br />diversified economy, commonly referred to as a "bedroom community". In the years following <br />the year 2000, Lino Lakes' economy has grown and diversified particularly in the I -35W and <br />Highway 23 interchange area. By 2006, the Metropolitan Council projected 2/3 of a job for each <br />household, however, this projection may be understating the City's growth as the Total Certified <br />Employment by DEED projects that in 2006, the City had employment of 4,035. By 2030, the <br />Metropolitan Council is projecting 3/4 of a job for each household which would provide more <br />opportunity for residents to work within the community and provide residents with a greater <br />diversity of goods and services. <br />Table 5 -7: Regional Forecasts <br />Source: Metropolitan Council, Bonestroo <br />Chart 5 -5: Employment Growth Rate <br />1.80 <br />1.60 <br />1.40 <br />1.20 <br />c 1.00 <br />0.80 <br />a <br />E <br />w <br />0.60 <br />0.40 <br />0.20 <br />0.00 <br />1970 1980 1990 2000 2006 2010 2020 2030 <br />— Lino Lakes <br />— Metro Area <br />5 -10 <br />• <br />• <br />• <br />1970 <br />1980 <br />1990 <br />2000 <br />2006 <br />2010 <br />2020 <br />2030 <br />Employment <br />430 <br />771 <br />1,229 <br />2,671 <br />3,920 <br />4,100 <br />6,200 <br />8,000 <br />Households <br />812 <br />1,388 <br />2,603 <br />4,857 <br />5,868 <br />6,500 <br />10,250 <br />12,600 <br />Emp /HH <br />0.53 <br />0.56 <br />0.47 <br />0.55 <br />0.67 <br />0.63 <br />0.60 <br />0.63 <br />Source: Metropolitan Council, Bonestroo <br />Chart 5 -5: Employment Growth Rate <br />1.80 <br />1.60 <br />1.40 <br />1.20 <br />c 1.00 <br />0.80 <br />a <br />E <br />w <br />0.60 <br />0.40 <br />0.20 <br />0.00 <br />1970 1980 1990 2000 2006 2010 2020 2030 <br />— Lino Lakes <br />— Metro Area <br />5 -10 <br />• <br />• <br />• <br />