Loading...
HomeMy WebLinkAboutEDA Packet 51117Tl IF CITY OF LAKE ELMO Our Mission is to Provide Quality Public Services in a Fiscally Responsible Manner While Preserving the City's Open Space Character NOTICE OF MEETIN City of Lake Elmo Economic Development Authority Meeting 3800 Laverne Avenue North Thursday, May 11th, 2017 6:30 PM Ar.FIVnA A. Call to Order/Roll Call 6:30 p.m. B. Election of Officers 6:30 p.m. 1. President 2. Vice President 3. Secretary 4. Treasurer 5. Assistant Treasurer C. New Business 1. Washington County Economic 6:45 p.m. Development Plan Update 2. Development Updates 7:30 p.m. 3. 2017 Meeting Schedule 7:45 p.m. F. Adjourn 8:00 P.M. TI IE CITY OF LAKE ELMO STAFF REPORT DATE: May 11, 2017 REGULAR ITEM #: MOTION AGENDA ITEM: Election of Officers SUBMITTED BY: Kristin Handt, City Administrator BACKGROUND: Per the bylaws of the EDA, some officers of the Authority, such as the President, Vice -President and Treasurer, shall be members of the board and elected annually. The Secretary and Assistant Treasurer need not be members of the Board. The officers last elected in July 2013 were: President: Mike Pearson Vice President: Dan Raleigh Secretary: John Schiltz Treasurer: Steve Nelson Assistant Treasurer: John Thompson Who should be elected to each officer position? PROPOSAL DETAILS/ANALYSIS: Any members of the EDA may be appointed to any of the officer positions. In addition, it is possible to appoint a non -board member (i.e. staff) to be Secretary and/or Assistant Treasurer. ATTACHMENT: • Bylaws of the Economic Development Authority of the City of Lake Elmo, Minnesota BYLAWS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LAKE ELMO, MINNESOTA ARTICLE I — THE AUTHORITY Section 1. Name of Authoritv. The name of the Authority shall be the "Economic Development Authority of the City of Lake Elmo, Minnesota" (which may sometimes be referred to as the "EDA" or the "Authority", and its governing body shall be called the Board of Commissioners (the 'Board"). The Board shall be the body of responsible for the general governance of the Authority and shall conduct its official business at meetings thereof. Section 2. Seal of Authority. As required by Minnesota Statutes, Section 469.096, Subdivision 1, the Authority shall have an official seal, which shall be in the form depicted on Exhibit A. Hall, Section 3. Office of Authority. The offices of the Authority shall be the Lake Elmo City ARTICLE 11— OFFICERS Section 1. Officers. The officers of the Authority shall be a President, a Vice - President, a Treasurer, an Assistant Treasurer, and a Secretary. The President, Vice -President, and the Treasurer shall be members of the Board and shall be elected annually, and no Commissioner may be both President and Vice -President simultaneously. The Assistant Treasurer and Secretary need not be members of the Board. Section 2. President. The President shall preside at all meetings of the Board. Except as otherwise authorized by resolution of the Board, the President and Secretary (the Vice -President, in the Secretary's absence or incapacity) shall sign all contracts, deeds and other instruments made or executed by the Authority, except that all checks of the Authority shall be signed by the Treasurer and Assistant Treasurer. At each meeting the President shall submit such recommendations and information as he or she may consider proper concerning the business, affairs, and policies of the Authority. Section 3. Vice -President. The Vice -President shall perform the duties of the President in the absence or incapacity of the President; and in case of the resignation or death of the President, the Vice -President shall perform such duties as are imposed on the President until such time as the Board shall select a new President. Section 4. Secretary. The Secretary shall keep minutes of all meetings of the Board and shall maintain all records of the Authority. The Secretary shall also have such additional duties and responsibilities as the Board may from time to time and by resolution prescribe. Section 5. Treasurer. The Treasurer shall have the care and custody of all funds of the Authority and shall deposit the same in the name of the Authority in such bank or banks as the Board may select. The Treasurer and Assistant Treasurer shall sign all orders and checks for the payment of money and shall pay out and disburse such moneys under the direction of the Board. The Treasurer shall keep regular books of accounts showing receipts and expenditures and shall render to the Board, at least annually (or more often when requested), an account of such transactions and also of the financial condition of the Authority. The Treasurer shall post a bond as required by Minnesota Statutes, Section 469.096, Subdivision 6. The Assistant Treasurer shall act as the Treasurer's agent and assistant to perform the above -described duties, subject to the Treasurer's approval thereof. Section 6. Additional Duties. The officers of the Authority shall perform such other duties and functions as may from time to time be required by the Board or the bylaws or rules and regulations of the Authority. Section 7. Vacancies. Should the office of President, Vice -President, Treasurer, Assistant Treasurer or Secretary become vacant, the Board shall elect a successor at the next regular meeting, or at a special meeting called for such purpose, and such election shall be for the unexpired term of said officer. Section 8. Additional Personnel. The Board may from time to time employ such personnel as it deems necessary to exercise its powers, duties, and functions. The selection and compensation of such personnel shall be determined by the Board. ARTICLE Ill — MEETINGS Section 1. Regular Meetings. The regular meetings of the Board shall occur according to a meeting schedule, if any, adopted or revised from time to time by resolution of the Board. Section 2. Soecial Meetings. Special meetings of the Board may be called by the President or any two members of the Board for the purpose of transacting any business designated in the call. The call for a special meeting may be delivered at any time prior to the time of the proposed meeting to each member of the Board or may be mailed to the business or home address of each member of the Board at least two (2) days prior to the date of such special meeting. At such special meeting no business shall be considered other than as designated in the call, but if at least four members of the Board are present at a special meeting, any and all business may be transacted at such special meeting. Notice of any special meeting shall be posted and/or published as may be required by law. Section 3. Quorum. The powers of the Authority shall be vested in the Board. Three Commissioners shall constitute a quorum for the purpose of conducting the business and exercising the powers of the Authority and for all other purposes, but a smaller number may adjourn from time to time until a quorum is obtained. When a quorum is in attendance, action may be taken by the Board upon a vote of a majority of the Commissioners present. Section 4. Order of Business. At the regular meetings of the Board the following shall be the order of business: 1. Roll Call. 2. Approval of the minutes of the previous meeting. 3. Bills and communications. 4. Reports. 5. Unfinished business. 6. New business. 7. Adjournment. All resolutions shall be written or transcribed and shall be retained in the journal of the proceedings maintained by the Secretary. Section 5. Adoption of Resolutions. Resolutions of the Board shall be deemed adopted if approved by not less than a simple majority of all Commissioners present, unless a different requirement for adoption is prescribed by law. Resolutions may but need not be read aloud prior to vote taken thereon and may but not need be executed after passage. Section 6. Rules of Order. The meetings of the Board shall be governed by the most recent edition of Robert's Rules of Order. ARTICLE IV — MISCELLANEOUS Section 1. Amendments to Bylaws. The bylaws of the Authority shall be amended only by resolution approved by at least three of the members of the Board. Section 2. Fiscal Year. The fiscal year of the Authority shall coincide with the fiscal year of the City of Lake Elmo, Minnesota. Adopted on 2013. 2017=2019 Economic Development Plan WASHINGTON COUNTY Community Development Agency Washington County Community Development Agency Draft May 2017 Table of Contents VisionStatement...................................................................................2 Mission Statement.................................................................................2 Goals..................................................................................................2 Planning Process...................................................................................2 Values................................................................................................ 3 Policy and Guiding Principles...................................................................3 Opportunities and Challenges.. ...................................... ..................... 3 Action Steps/Deliverables........................................................................5 Acknowledgments................................................................................. 8 Appendices............................................................................................9 Definitions...........................................................................................9 EconomicProfile. ........ — ................................................... .................. 11 1 Vision: To ensure that programs and services support and complement economic development programs initiated by cities, townships and the county. Mission: To provide financial and technical assistance to businesses and communities as requested to enhance economic development, expand the tax base and promote job creation opportunities in Washington County. Goals: 1. Promote and market the quality of life, rich diversity and assets of the county. 2. Provide resources to help entrepreneurs get started and existing businesses grow. 3. Be a value-added partner to other public and private entities. 4. Find ways to help our businesses attract and retain talent and find ways to keep our working residents here in the county. 5. Promote strong infrastructure, multi -modal transportation and highspeed broadband. Planning Process: On May 6, 2014, the Washington County Board of Commissioners approved the Washington County Economic Development Strategic Plan. Within the Economic Development Strategic Plan, a number of goals were identified. Many of these goals have since been completed, including: Analyzed various organizational structures to implement economic development initiatives on behalf of the county. In June of 2016, the Washington County Board of Commissioners approved the creation of the Washington County Community Development Agency (CDA) as recently authorized by the Minnesota State Legislature. Designated a county staff member to be the point of contact for economic development and implementation of the strategic plan. In June of 2016, the Washington County CDA hired a full time Economic Development Director to serve as the point of contact and coordinate the economic development efforts within the county including updating and implementing the 2014 Strategic Plan. Updated existing financial incentive policies including tax increment financing and tax abatement. The purpose of this document is to serve as an update to the 2014 Economic Development Strategic Plan with a planning horizon through 2019. A working group of township officials, city administrators, school district representatives, and economic development professionals was convened by the CDA in August 2016 and has been meeting monthly to assist in preparing the elements of this update, with a goal of producing a draft for public review, which will ultimately be adopted by the Washington County CDA Board and the County Board. Values: The foundation of the Washington County Economic Development Plan is the policy and guiding principles that drive the economic development goals, strategies and actions of the County. The following policy statement and guiding principles define the County's economic development efforts. These guiding principles are relevant for the present economic environment and are subject to review and change on a periodic basis. Economic Development Policy Statement: It is the policy of the Washington County Board of Commissioners to increase the County's role and support of economic development within the County. The County will invest staff time and financial resources in a planned, coordinated and strategic manner and will engage in a collaborative and holistic approach to economic development. The County's policies and actions will be guided by the following principles. Economic Development Guiding Principles: The following principles are not in rank order of importance The private sector is the lead that drives the economy o The County will work in partnership with the private sector • The County will not duplicate or replace the work of cities and other public agencies o The County will work in collaboration with cities and public agencies and will provide leadership where the County can make the most difference when asked • The County supports a strong collaborative approach to economic development o No matter the location, economic development is a benefit to the entire county o Support efforts to ensure a highly skilled workforce and adequate workforce housing • Business attraction and business retention are essential policy objectives o A balanced approach to pursue each of the two policy areas is required • The diversity of the County requires an adaptable and open-minded approach o The distinctive qualities of the County require flexibility 3 Opportunities and Challenges: In order to achieve the goals previously identified, several opportunities and challenges were identified in order to inform future action steps. Opportunities: The top three growth industries in Washington County between 2013 and 2015 are: 1) Health Care Services, 2) Wood Products Manufacturing and 3) Professional and Technical Services. An opportunity exists to research and seek to attract complementary businesses like suppliers, vendors or large customers of the existing growing industry sectors in Washington County. Small businesses are vital to Washington County's economy. 86% of the Washington County businesses have less than 20 employees. Washington County is home to 17,847 self-employed businesses or "non -employers" in 2014 (defined as businesses without employees that are subject to federal income tax). An opportunity exists to support and grow the existing businesses and business owners. Washington County has a significant number of major transportation corridors including: 1-35, 1-94, 1-694, 1-494, US Highway 8, 10 & 61, MN Highway 5, 36, 95, 96, 97, 120 and 244. Additionally, Washington County has transit corridors including the Rush Line Corridor, the Gateway Corridor and the Red Rock Corridor. An opportunity exists to participate in transit and transportation corridor planning efforts and to advocate for state and federal transportation and transit investments in Washington County. Washington County has a highly -valued quality of life, rich diverse communities and many assets and amenities. An opportunity exists to market and promote these amenities to site selectors and businesses looking to expand or relocate. Washington County has a growing population and a growing labor force. An opportunity exists to leverage the quality of this growing labor force to attract new business development. Challenges: In order to leverage the opportunities cited above into new tax base and jobs, an array of technical and financial services should be developed. Currently, businesses who are searching for sites may not know about the assets and advantages of locating in Washington County. A county wide "business brand" that is cohesive, strong, and unique will help Washington County stand out to businesses, in addition to a robust spectrum of promotion tools. The CDA Economic Development Director can serve as a critical point of contact for referral to opportunities in communities. Technical and financial resources for small businesses is limited compared to services in other counties. The "Open to Business" program is operating communities in 6 counties. n Over 100,000 working residents commute outside of the county to work every day (76.9%). A focus should be to work with the private sector and communities within Washington County to increase the opportunities for people to both live and work in the county. Several communities have identified that broadband networks are not available. This is equally important as other typical utilities for growing businesses. Actions: Marketing and Promotion: Action Step: Market and promote Washington County, enhancing the efforts currently being implemented by our public and private partners. Deliverables: With the aid of our city and township partners, the Washington County CDA will create a business brand for Washington County emphasizes the county's many assets. The business brand must be crafted to appeal to businesses that are looking for locational or expansion opportunities. This will be completed by the second quarter of 2017. Washington County CDA will continue to attend, advertise, co-sponsor and market at various promotional events including, Minnesota Commercial Real Estate Association (MNCAR) Expo, MN Real Estate Journal Land Development Conference and MN Real Estate Journal Industrial Development Summit. This will be ongoing. Washington County CDA will build partnerships with and become members of local area chambers of commerce including: Forest Lake Area Chamber, White Bear Lake Area Chamber, Stillwater Area Chamber, Oakdale Area Chamber, Woodbury Area Chamber, Cottage Grove Area Chamber of Commerce. Washington County CDA will work with our local chambers to identify business creation and expansion opportunities and promote tourism. This will begin in the first quarter of 2017 and be ongoing. Washington County CDA will build partnerships with talent attraction, retention and training organizations, local area commercial realtors, developers and site selectors through partnerships with Minnesota Department of Employment and Economic Development (DEED), Xcel Energy, MNCAR, Xceligent and Greater MSP. The CDA will receive and distribute new business inquiries to our local community partners and pass new listings on to the community where the listing is located. The CDA will work with communities when requested to respond to business inquiries. This will begin in the first quarter of 2017 and be ongoing. Action Step: Promote the quality of life and assets of the county, including the rich diversity of communities with unique micro -markets. Deliverables: Each city/township will be asked by the Washington County CDA to tell us what types of specific business developments are a "good fit" for their community (understanding this is subject to change). The Washington County Economic Development Plan should not be "one size fits all". Each city and township will be asked to prepare a listing of their preferred business types. This information will be used in 5 various situations including individual business meetings, marketing events and other settings to highlight the opportunities that exist within each community in Washington County. Each city/township can have their own paragraph, page or section of the Economic Development Plan and all marketing materials. Washington County CDA staff will assist with drafting/creation of this information and marketing materials upon request of the individual cities and townships. This will be an ongoing activity beginning in the first quarter of 2017 and may be revised and/or updated at any time at the discretion of the cities and townships. Economic Development Partnerships and Financial Incentives: Action Step: Help small businesses grow. Deliverables: Washington County can support existing small businesses and encourage new entrepreneurism by joining the Metropolitan Consortium of Community Developers' (MCCD) Open to Business program. The purpose of the Open to Business program is twofold: 1) to provide small businesses within Washington County direct access to subordinated financing (business loans), and 2) to provide one-on-one professional business consulting services to small businesses within the county at no cost to the business. The professional business consulting services include business plan development and financial proforma development including cash flow management analysis for entrepreneurs. The direct business loans offered through the Open to Business program are intended to spur commercial and industrial business development opportunities in Washington County. Business loans are available to both start-up and existing businesses and are available for a variety of uses including; building improvements, acquisition of property, equipment, inventory and working capital. The Washington County CDA will coordinate the Open to Business program on behalf of the communities and will seek the necessary funding required to join. This program will begin as soon as possible in 2017 and will be ongoing. Action Step: Utilize Community Development Block Grant funds for business loans Deliverables: The Washington County CDA will use federal Community Development Block Grant monies for up to 3 small business loans for a total amount not to exceed $25,000 in CDBG funds over a three-year period. This activity will begin in the third quarter of 2017 and be ongoing. Action Step: Capitalize a county -wide commercial building revolving loan program. Deliverables: The Washington County CDA will explore options to fund commercial building and improvements. The county -wide commercial building revolving loan program will begin in 2018 or sooner if funding becomes available. Community Assistance: Action Step: Provide predevelopment matching grants to cities, townships and local government economic development authorities located in Washington County. Deliverables: The Washington County CDA will explore options to fund a program that will provide up to ten grants for an amount up to $10,000 per grant (total of $100,000) to cities and townships in Washington County for predevelopment costs to spur economic development and redevelopment. These grant funds are intended to spur new commercial and industrial business development and redevelopment activities by providing funding up to $10,000 per grant award on a 1:1 matching basis. This will begin in the first quarter of 2016 and be ongoing contingent upon the availability of funding. Action Step: Assist communities and local area chambers of commerce with Business Retention & Enhancement (BR&E) visits, as requested. Deliverables: The Washington County CDA will stand ready to assist communities organize and implement BR&E programs and will participate in select business visits upon the request of the individual community. This will begin in the first quarter of 2017 and will be ongoing. Workforce Development and Talent Recruitment: Action Step: Partner with businesses, Century College, the Workforce Development Board and others to identify and address workforce training and housing needs. Deliverables: The Washington County CDA will be an active member/partner with the Washington County Workforce Development Board. The Washington County CDA will work with businesses, our education system, communities and Greater MSP to attract and retain talent whenever possible. This will begin in the first quarter of 2017 and be ongoing. Action Step: Assist partners to attract, train and retain talent. Deliverables: Whenever possible, work with businesses, communities, Greater MSP, Century College and other community partners to recruit the types of businesses that will entice some of our residents to work closer to home. This could benefit both the highly trained and less trained working residents. The Washington County CDA will also work to provide our community partners with demographic data and labor and housing studies on an ongoing basis. This will begin the first quarter of 2017 and be ongoing. Strong Infrastructure Foundation: Action Step: Promote multi -modal transportation and transit opportunities that will stimulate economic growth in the county. Deliverables: Washington County CDA staff will be an active participant of the Washington County Comprehensive Plan Committee. This will begin in the first quarter of 2017 and be ongoing. Action Step: Conduct a broadband surrey to determine the need for faster broadband connectivity and the location of any service gaps. Deliverables: The Washington County CDA will work with communities, when requested, to develop and implement an online survey to determine the need for better broadband connectivity within the county. This activity will begin in the first quarter of 2018 and be ongoing. Acknowledaements The Economic Development Director along with CDA staff, has coordinated monthly meetings with the Economic Development Work Group who bring a wealth of knowledge and experience to the process and provide important local perspectives to the economic development plan update. Special thanks go out to the following Economic Development Work Group Members for their participation and assistance in this 2016-2017 Economic Development Plan update: Aaron Parrish — City Administrator, Forest Lake; Neil Soltis — City Administrator, Scandia; Bryan Bear — City Administrator, Hugo; Rachel Juba — Planner, Hugo; Scott Neilson — City Administrator, Mahtomedi; Mark Larson — Superintendent, Mahtomedi School District; Kevin Corbid —Washington County Deputy Administrator; Tom McCarty — City Administrator, Stillwater; Bill Turnblad — Community Development Director, Stillwater; Eric Johnson — City Administrator, Oak Park Heights; Logan Martin — City Administrator, Bayport; Nancy Healy — Clerk, Baytown Township; Ron Moorse — City Administrator, Afton; Kristina Handt — City Administrator, Lake Elmo; Ed Shukle — City Administrator, Landfall; Bart Fischer — City Administrator, Oakdale; Bob Streetar — Community Development Director, Oakdale; Janelle Schmitz — Assistant Community Development Director, Woodbury; Karl Batalden — Economic Development & Housing Coordinator, Woodbury; Deb Hill — City Administrator, Newport; Kevin Walsh — City Administrator, St. Paul Park; Charlene Stevens — City Administrator, Cottage Grove; Christine Costello — Economic Development Director, Cottage Grove; Melanie Mesko Lee — City Administrator, Hastings; John Hinzman — Community Development Director, Hastings; Charlie Vander Aarde — Government Relations Specialist, Metro Cities; Barbara Dacy — Executive Director, Washington County CDA; Melissa Taphorn — Deputy Executive Director, Washington County CDA; Chris Eng — Economic Development Director, Washington County CDA Appendix A Definitions: What is Economic Development? No single definition incorporates all of the different strands of economic development. Typically, economic development can be described in terms of objectives. These are most commonly described as the creation of jobs and wealth, and the improvement of the quality of life. Economic development can also be described as a process that influences growth and restructuring of an economy to enhance the economic well-being of a community. The main goal of economic development is to improve the economic well-being of a community through efforts that entail quality job creation, job retention, tax base enhancements and quality of life. It is therefore worthwhile to define economic base, good job, and quality of life as it will relate to the recommendations of this document. As there is no single definition for economic development, there is no single strategy, policy or program for achieving successful economic development in Washington County. Thus, the plan laid out in this document is developed from a comprehensive and broad -based perspective. What is an Economic Base? The basic component of an economic base, is the production of goods and/or services that are exported, bringing outside wealth into the area. The economic base theory argues that economic development occurs when there is an expansion of the economic base, producing direct, indirect and induced benefits. Economic development organizations (including the Washington County CDA) strive to expand the economic base, producing direct economic benefits. As the export base grows, bringing more wealth into a community, a portion of these receipts is spent on local consumption creating a multiplying effect. The rounds of spending create indirect and induced economic benefits, thereby creating an expansion of jobs, income, value- added — in short, economic development. What is a Good Job? A good job is one that is stable and safe, with sufficient work hours, a predictable schedule and has wages and benefits that can support households, families and communities. What is Quality of Life? Location and general quality of life are the most frequently selected categories that residents liked most about living in Washington County. On a regular basis, Washington County conducts its Residential Survey to provide residents the opportunity to rate the quality of life in the county, as well as service delivery, and community characteristics. Survey results are benchmarked against over 500 counties across the country. In 2016, residents were given a list of potential attributes of Washington County and were asked to identify one thing that they liked most about living in Washington County. The most frequently selected categories were location and quality of life in general; at least one - quarter of residents selected each of these items. In addition, outdoor recreational opportunities, ease of travel by car, the overall feeling of safety in Washington County and the overall image or reputation of Washington County received the highest average ratings from residents, and when benchmarked against other counties, these ratings were much higher than other counties in the country. According to Greater MSP and site selectors, a high quality of life helps create economic development opportunities. 10 Draft Appendix B Demographic Characteristics May 2017 The following data describes the key characteristics of the county's demography and economic base, which helps to illuminate its strengths and weaknesses. The information below will compare the county to itself, the region, the state, and St. Croix County, Wisconsin. Trends in demographics, income and wages, poverty, labor force, and business establishments are examined. Washington County is the fifth largest County and eighth fastest -growing County in Minnesota. The graph below depicts the history of robust population growth in the county. As of July 1, 2015, Washington County was home to an estimated population of over a quarter - million people and is Minnesota's fifth most -populated county. While the strongest growth occurred between 1990 and 2000, Washington County gained nearly 13,500 people between 2010 and 2015 totaling 251,597 people (a 5.7% increase). Population Change, 1950-2015 i Minnesota --*—Washington Co. 300,000 250,000 c 0 200,000 0 v 150,000 W 100,000 50,000 1950 1960 1970 1980 1990 2000 2010 2015 6,000,000 51000,000 3 n 4,000,000 0 c c 3,000,000 a c c 2,000,000 1,000,000 Source: U.S. Census Bureau County population is projected to increase about 15.5% by 2035. According to population projections from the Minnesota State Demographic Center, Washington County is expected to gain nearly 40,000 net new residents from 2015 to 2035, a 15.5% increase. Recent Metropolitan Council projections for 2030 estimate about 8,000 more people five years earlier. 11 Draft Population Projections, 2015-2035 2015-2035 Change Washington Co. 2015 Projection 2025 Projection 2035 Projection Numeric Percent Under 5 years 15,400 16,582 17,066 1,666 10.8% 5-14years 33,831 31,113 33,647 -184 -0.5% 15-24years 34,562 32,704 30,060 -4,501 -13.0% 25-34years 29,933 34,367 32,596 2,663 8.9% 35-44 years 30,904 32,072 36,628 5,724 18.5% 45-54 years 41,273 30,710 31,971 -9,302 -22.5% 55-64 years 35,336 40,931 30,486 -4,850 -13.7% 65-74 years 21,557 34,887 40,527 18,970 88.03ve 75-84 years 10,081 21,059 34,069 23,988 238.05vo 85 years & over 3,260 4,416 8,875 5,615 172.2% Total 256,136 278,941 295,925 39,789 15.5% Source: Minnesota State Demographic Center May 2017 Overall, Washington County has a younger population than the state of Minnesota, with just 11.7 percent of its population aged 65 years and over, compared to 13.6 percent statewide. Consequently, Washington County has a higher percentage of people in the 25- to 54-year-old age group, typically considered the prime working years, and a higher percentage of school -aged children. The county did have a slightly smaller percentage of 15-24-year-olds. Percentage of Population by Age Group, 2014 Washington Co. Minnesota Under S years 6.2% 6.5% 5-14 years 14.8% 13.3% 15-24years 12.3% 13.4% 25-34years 12.1% 13.7% 35-44 years 13.5% 12.5% 45-54 years 16.4% 14.6% 55-64 years 12.9% 12.6% 65-74 years 6.9% 7.3% 75-84 years 3.451 4.3% 85 years & over 1.4% 2.0% Source: 2010-2014American Community Survey 12 Draft May 2017 Resident income is one of the highest in the state. The graph below depicts Washington County's per capita income as the third highest in the state of Minnesota. This high level of personal incomes means that there is a strong purchasing power, which is an opportunity to support new development. This is further substantiated by data on household median income and net worth statistics. 2014 Per Capita Incomes Minnesota $31,642 Anoka Co. $31,474 Carver Co. $38,638 Dakota Co. $35,755 Hennepin Co. �.,' $38,125 Ramsey Co. $30,076 Scott Co. $35,690 Washington Co. $37,841 $20,000 $25,000 $30,000 $35,000 $40,000 Source: American Community Survey According to 2015 estimates, Washington County's median income is $87,995, 39% higher than statewide, and an increase 5.3% over the year. Washington County had an average net worth of $793,314 in 2013 and a median net worth of $216,586. Median net worth is generally a more accurate depiction of wealth than the average figure. A few households with very large net worth can significantly skew the average. As a comparison, the metropolitan area had an average net worth of $586,479 and median net worth of $111,991. This is also reflected in the data about employed residents over the age of 16; median earnings are $59,262. Washington County had an estimated 134,000 employed residents who were at least 16 years of age, in 2015. The largest percentage of jobs were found within Management, Business, and Financial Operations; followed by Office and Administrative Support; and Education, Legal, Community Services, Arts, and Media occupations. Washington County Occupational Statistics, 2010-2014 American Community Survey Occupational Group Employment % Male % Female Median Earnings Civilian employed population 16 years & over 133,637 51.5% 48.5% $59,262 Management, business, and financial 25,917 57.4% 42.6% $85,220 Office and administrative support 16,912 29.1% 70.9% $41,369 13 Draft May 2017 Education, legal, community service, arts, and media 15,167 30.8% 69.2% $54,369 Sales 13,748 50.8% 49.2% $59,588 Healthcare practitioner 10,159 29.0% 71.0% $82,993 Computer, engineering, and science 9,702 74.3% 25.7% $88,244 Food preparation and serving related 6,283 39.4% 60.6% $23,086 Personal care and service 5,246 1 32.6% 67.4% $31,857 Production 5,069 70.0% 30.0% $50,204 Construction and extraction 4,950 93.1% 6.9% $56,169 Transportation 3,788 95.9% 4.1% $55,609 Building and grounds cleaning and maintenance 3,555 66.8% 33.2% $36,003 Protective service 3,413 72.1% 27.9% $52,489 Installation, maintenance, and repair 3,337 95.4% 4.6% $44,289 Healthcare support 3,100 12.1% 87.9% $30,941 Material moving 2,980 83.9% 16.1% $36,379 Farming, fishing, and forestry 311 100.0% 0.0%1 21,379 Source: American Community Survey Three -fourths of employed residents commute to work outside of the county._ The table below shows that about 77% of those who are employed residents in Washington County commute outside of the county to work, while about 58% of those employed within the county commute into the county. Washington Co. Inflow/Outflow Job Counts (All Jobs), 2014 2014 Count Share Employed in Washington Co. 72,124 100.0% Employed in Wash. Co. but Living Outside 41,679 57.8% Employed and Living in Washington Co. 30,445 42.2% Living in Washington Co. 131,826 300.0% Living in Wash. Co. but Employed Outside 101,381 76.9% Living and Employed in Washington Co. 30,445 23.1% Source: U.S. Census Bureau, OnrheMap The average annual wage by industry sector is lower than employed resident household income. Retail trade is the largest -employing industry sector (over 13,000 jobs) in Washington County, accounting for about one -in -six total jobs in the county. Average annual wages within retail trade, $25,168, are over 40 percent lower than the average annual wage for the total of all industries. The second largest industry in Washington County is health care and social assistance, with over 11,400 jobs at 546 establishments. The average wage for health care and social assistance jobs is $48,205, which is about 10% higher than the average wage for the total of all industries. Accommodation and food services is the third largest -employing industry, with 8,949 jobs at 383 establishments. The average annual wage is only $16,328. Manufacturing is 14 Draft May 2017 the fourth largest -employing industry with nearly 8,000 jobs and an average annual wage of $63,908. Education services is the fifth largest -employing industry with 7,330 jobs and an average annual wage of $42,796. It should be noted that over 87% of Washington County's labor force has a Bachelor's degree or higher. Washington County Industry Employment Statistics, 2015 NAICS Industry Title Number of Firms Number of Jobs Percent of Jobs Total Payroll Avg' Annual Wage Total, All Industries 5,231 79,112 100.0% $3,478,314,461 $43,992 Retail Trade 684 13,051 16.5% $328,820,246 $25,168 Health Care & Social Assistance 546 11,408 14.4% $550,298,480 $48,204 Accommodation & Food Services 383 8,949 11.3% $146,562,210 $16,328 Manufacturing 203 7,990 10.1% $510,327,272 $63,908 Educational Services 139 7,330 9.3% $315,013,496 $42,796 Public Administration 54 3,617 4.6% $187,901,224 $51,896 Construction 516 3,338 4.2% $194,695,496 $58,292 Finance & Insurance 337 3,306 4.2% $250,901,273 $75,868 Professional, Scientific, & Technical Services 643 3,177 4.0% $207,917,173 $65,312 Administrative & Support Services 268 3,135 4.0% $142,493,483 $45,552 Other Services 578 3,074 3.9% $79,404,718 $25,792 Transportation & Warehousing 138 2,584 3.3% $109,423,567 $42,276 Arts, Entertainment, & Recreation 123 2,121 2.7% $34,322,013 $16,172 Wholesale Trade 203 1,957 2.5% $142,004,378 $72,540 Management of Companies 43 1,503 1.9% $160,012,587 $107,016 Real Estate, Rental & Leasing 258 790 1.0% $29,425,257 $37,180 Agriculture 44 712 0.9% $24,859,143 $35,048 Information 60 699 0.9% $25,318,426 $36,244 Utilities 7 298 0.4% $33,628,441 $112,788 Source: DEED Quarterly Census offmployment and Wages (QCEW) County job growth has exceeded prerecession levels. According to DEED's Quarterly Census of Employment and Wages program as shown in the graph below, Washington County was home to 5,231 business establishments providing nearly 80,000 covered jobs through 2015, with a total annual payroll of nearly $3.5 billion. Washington County continues to see new jobs being added within the county each year since 2009 and has exceeded its pre -recession levels. RL7 Draft Annual Labor Force Estimates 140,000 105,000 e Minnesota O N M O O O O O O O O N N N N —*—Washington Co. 137,6683,050,000 136,504 � 3,000,000 �: 2,950,000 N 21900,000 ° 0 U 2,850,000 0 2,800,000 M 2,750,000 2,700,000 0 0 0 0 0 0 N N N O O N N O N N N N, Source. DLocalAre. llnempiorment5tahsacs(LAUS) Pragrum May 2017 The County is expected to see a continued gradual increase in the labor force over the next decade. Over the last ten years, the county's labor force has grown by 12,077 people, as depicted in the table below. Washington County's labor force grew more than double the state rate with a 9.6 percent increase. Comparatively, the state's total labor force grew by 4.7 percent. Washington County has experienced overall growth in the size of available labor force over the last 15 years. Washington County has a higher percentage than the state of people in the 25- to 54-year old age group, typically considered the prime working years and a higher percentage of school -aged children. The County is expected to see a continued gradual increase in the labor force over the next decade, gaining approximately 3,700 net new workers between 2015 and 2025. Labor Force Projections, 2015.2025 Washington Co. 2015 2025 2015-2025 Change Labor Force Projection Labor Force Projection Numeric Percent 16 to 19 years 8,382 6,891 -1,492 -17.8% 20 to 24 years 11,479 13,081 1,602 14.0% 25 to 44 years 54,206 59,197 4,991 9.2% 45 to 54 years 36,816 27,393 -9,422 -25.6% 55 to 64 years 24,877 28,815 3,939 15.8% 65 to 74 years 5,303 8,582 3,279 61.8% 75 years & over 881 1,681 801 91.0% Total Labor Force 141,943 145,642 3,699 2.6% Source: Minnesota State Demographic Center, 2010-2014 American Community Survey 5-Year Estimates 16 Draft Washington County's unemployment rate of 3.2% is lower than the state average unemployment rate. Unemployment Rates, 2000-2015 90 :Minnesota —*—Washington Co. 8.0 w 7.0 6.0 c 5.0 m 4.0 IL 3.0 2.0 1.0 0.0 0 N N rn R 2 b N 00 ON O . N M V u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N N N N N N Source: DEED Local Area Unemployment Statistics (TAUS) program May 2017 17 Draft Distinguishing Industries May 2017 Washington County stands out from the state and the Twin Cities Metro Area for its extremely high concentration of employment in wood product manufacturing. Concentration is measured with location quotients, which compare the share of employment in a particular industry locally, to the share of employment that same industry constitutes nationally. Washington County Distinguishing Industries, 2015 NAICS Industry Title Number Number Total Payroll Avg. Annual Location of Firms of Jobs Wages Quotient Total, All Industries 5,231 79,112 $3,478,314,461 $43,992 - Wood Product Manufacturing 11 2,771 $177,493,275 $64,324 12.67 Amusement, Gambling, & Recreation Industries 93 2,002 $31,666,888 $15,808 2.20 Sporting Goods, Hobby, Book, 38 788 $14,001,093 $17,784 2.17 & Music Stores General Merchandise Stores 39 3,587 $72,358,293 $20,176 1.96 Building Material, Garden Equip. & Supplies Dealers 45 1,363 $39,409,371 $29,016 1.92 Miscellaneous Manufacturing 41 634 $37,997,635 $59,904 1.88 Personal & Laundry Services 206 1,508 $30,856,025 $20,436 1.87 Ambulatory Health Care 346 5,670 $360,439,736 $63,492 1.44 Services Nursing & Residential Care Facilities 83 2,602 $64,784,818 $24,908 1.38 Food Services & Drinking Places 350 8,243 $132,567,421 $16,068 1.30 Source: DEED Quortefly Census of Employment and Wages (QCEW) 18 Draft May 2017 Private sector employment data between 2010 and 2015 suggests that Washington County is strong in retail trade, health care and social assistance, accommodation and food services, manufacturing, construction, finance and insurance and professional & technical services. Largest Growing Industries 2013-2015 (Industry Title) Avg. Wage Job Growth Percent Total, All Industries $43,472 Ambulatory Health Care Services $63,492 705 14.2% Wood Product Manufacturing $64,324 369 15.4% Professional, SCI & Technical Services $65,572 328 11.6% Food & Beverage Stores $22,464 327 17.0% Food Services & Drinking Places $16,068 278 3.5% Sporting Goods, Book & Music Stores $17,784 275 53.6% Management of Companies $107,016 153 11.3% Food Manufacturing $32,500 145 35.1% Heavy & Civil Engineering Construction $78,624 131 41.5% Miscellaneous Manufacturing $59,904 129 25.5% Small businesses are vital to Washington County's economy. 57% of Washington county businesses have 1-4 employees (totaling 3,184 firms) and another 29% had between 5-19 employees, adding up to 86% of the Washington County businesses have less than 20 employees. Washington County is therefore home to 17,847 self-employed businesses or "non - employers" in 2014 (defined as businesses without employees that are subject to federal income tax). Washington County witnessed a 15.2% increase in non -employers over the past decade, higher than such growth at the state level. Total receipts from non -employers in Washington County equaled about $810 million in 2014. Employers by Size Class, 2014 Washington Co. Minnesota Number of Employees Number of Firms Percent of Firms Percent of Firms 1-4 3,184 57.0% 53.9% 5-9 942 16.9% 17.7% 10-19 679 12.2% 13.4% 20-49 506 9.1% 9.1% 50-99 163 2.9% 3.2% 100-249 - 84 1.5% 1.9% 250-499 20 0.4% 0.5% 500 or more 9 0.2% 0.3% Total Firms 5,587 100.0% 100.0% Source: U.S. Census, County Business Patterns W11 TI tE CITY OF t LAKE ELMO j e- ___...________ STAFF REPORT DATE: 5/11/2017 REGULAR TO: Economic Development Authority FROM: AGENDA ITEM: REVIEWED BY: BACKGROUND: Emily Becker, City Planner Development Updates Stephen Wensman, Planning Director Staff would like to provide the Economic Development Authority with an update on current developments. ISSUE BEFORE THE EDA: Staff is providing an update on development status within the City. PROPOSAL DETAII.S/ANALYSIS: Residential Development. The attached map provides an update on residential developments within the City. Some notes as an addendum to this map include: • The City has received an application for Final Plat for Hidden Meadows and Diedrich -Rieder (Southwind), but these applications have been deemed incomplete as of now. • The City has received application for Preliminary Plat for Royal Golf Club, but this application has not yet been approved by Council. • The City has received application for a Planned Unit Development (PUD) Concept Plan for Gonyea West, but this application has not yet been reviewed by the Planning Commission. • Easton Village has received Final Plat approval for the 1st and 2' Additions of the development (90 lots). • Savona has received Final Plat approval for all lots. • Hammes Estates (Lake Ridge Crossing) has received Final Plat approval for 1st Addition (57 lots) and 2nd Addition (37 lots) • Inwood has received Final Plat approval for all phases of the single-family detached portion of the Planned Unit Development, a total of 268 lots. • Boulder Ponds has received Final Plat approval for the I" and 2' Additions, 65 lots. • Wildflower has received Final Plat approval for the 1" and 2nd Additions, 80 lots. Commercial Development. The City has received application for a PUD Concept Plan for Lakewood Crossing 2' Addition, a development which will include restaurants, retail services, and other personal services. Application for Preliminary PUD Plans is expected soon. Other Interest. The City has received several inquiries regarding the two properties south of Savona owned by DPS-Lake Elmo LLC (PID#s 34.029.21.34.0006 & 34.029.21.43.0003); the parcel to the east of Keats Avenue North and north of I-94 owned by Durow Family Lake Elmo Property LLC (PID# 35.029.21.33.0001); and the property to the east of Lake Elmo Avenue North and north of I-94 owned by Launchpark Lake Elmo LLC (PID# 36.029.21.33.0001). No formal applications have been received, however. ATTACHMENTS: • Development Status and Location Map Hidden Meadows (26 units) Inwood (537 units) Hammes Estates (163 units) ISD 916 Boulder Savorl Ponds (310 urt s) o- (162 units) � K, .._.._ j..Qj kelElmo un4t�)r age Pr e (97 u on Ilage 117 Ujits) Village Pat Preserve Southwind (Diedrich-Reider) (46 units) Hunters Crossing (51 hits) Trip 2nd Addition Development Status and Location - Lake Elmo, MN THE CITY OF Development/Approval Status LAKE ELMO = Final Plat Preliminary Plat Map Date: May 2, 2017 - Under Contract