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• Business Retention Program <br /> April 20, 1995 <br /> Part II Summary <br /> Total of 108 companies completed Survey Part IL <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 - '1'1F, IDB <br /> Close to employee base <br /> • Liked small town feeling <br /> Close to distributors <br />