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Business Retention Program <br />April 20, 1995 <br />Part II Summary <br />Total of 108 companies completed Survey Part II. <br />Facilities Analysis: <br />1. Fifty two percent (56) of the companies own their own facility. <br />Forty seven percent (50) of the companies lease space. <br />1.a. Of those that lease space <br />54% of their leases expire in 0-4 years; <br />20% expire in 5 or more years; <br />12% are month to month and 15% percent have open leases. <br />2. How long have you been in your current facility? <br />46% 0-5 years <br />22% 6-10 years <br />22% 11-25 years <br />7% over 25 years <br />3. How Big is your facility in Square Feet? <br />58% 0 - 5,000 <br />8% 5,100 - 10,000 <br />9% 11,000 - 30,000 <br />9% 31,000 - 60,000 <br />2% 61,000 - 100,000 <br />2% over 100,00 <br />4. How long do you plan on staying in the current facility? <br />5 businesses indicated one year or less (update: one has <br />already moved and one closed down.) <br />7 businesses plan on staying 1-3 years. <br />12 businesses plan on staying 3-5 years. <br />80 (12%) plan on staying more than 5 years. <br />6. The following are the main reasons businesses decided to locate in <br />Mounds View. <br />Heavy traffic area. <br />Freeway Access. <br />Already established business\Live in area. <br />Visible to Highway 10 <br />Low Rent\Costs <br />Received incentive from City - Tir', IDB <br />Close to employee base <br />Liked small town feeling <br />Close to distributors <br />