5. EDSR 05-08-2006ITEM # 5.
MEMORANDUM
TO: Economic Development Authority
FROM: Heidi Steinmetz, Assistant Director of Economic Development ~`~
DATE: May 8, 2006
SUBJECT: Strategic Industrial Marketing Activities Update
Attachments
• Business Financing Forum flyer
• News from the Hub Economic Development Newsletter, Spring 2006
• 2006 Community Profile
I. Product Offering Strategy
In 2005 the City experienced a great surge in the development of light industrial land; six
different sites with a combined total of 45.78 acres were developed with a total of 273,000
square feet and creation of 184 new jobs at minimum hourly wages of $15. Currently there
exists 31 acres of Business Paxk property that is available fox new industrial development in
2006. The 31 acres includes 3 lots in Noxthstax Business Paxk and 2 lots in Elk River
Business Paxk.
In coming months, staff will revisit with the EDA and Council on a strategy for the
development of Gateway Business Centex.
I I. Competitive Strategy
Staff continues to monitor new industrial development of communities identified within this
strategy.
III. Key Account/Lead Generation Strategy
Development Forum
On April 10th, the EDA received a report on the outcome of the Development Forum held
at City Hall on March 29, 2006. In summary, thirty-five developers/contractors attended the
event, which staff felt was successful in opening a dialogue between the development
community and the City.
Strategic Industrial Ma~kcting Opdum
May H, 2006 F.DA Mccting
Page 2 of 1
Positive and helpful criticisms were received regarding the City's development process. The
forum also allowed staff to communicate the City's expectarions on many things including
inspections and wetland and erosion controls.
Limited comments were received regarding the opportunities for the City's Gateway
Business Center property due to the unknown nature of the developable property remaining
around the many wetlands on the site.
Business Financing Forum. May 24. 2006
The attached Business Financing Forum flyer was mailed to area lenders. The purpose of
the event is to inform lenders about the City's various economic development incentive
programs and loans.
IV. Promotions & Advertising Strategy
Staff continues to work with Tammy Miller Design on the 2006 Strategic Industrial
Advertising Campaign. Ads axe currently appearing in the MN Leasing Guide, which is a
quarterly publication.
V. Public Relations Strategy
Technical Assistance Program
In May 2003, the EDA committed a $5,000 match to a giant provided to the EDA by the
Initiative Foundation to implement atwo-year paxmership program with Minnesota
Technology, Inc. (MTI). The pxogxam offers manufacturing companies up to a $2,000 giant
fox technical assistance services, such as plant layout assistance ox Lean manufacturing
training. Applications axe reviewed and approved by staff.
The two-year giant period with the Initiative Foundation ended on May 31, 2005. Since that
time, the Initiative Foundation provided the EDA two 6-month extensions. The pxogxam
will end on June 30, 2006.
The following Elk River manufacturers have utilized (ox have been approved to utilize) the
program:
• Elk River Machine received strategic planning assistance last summer.
• Spoxtech recently received training to establish industry benchmarks and measuxables
and to produce efficiency gains in manufacturing layout.
• E&O Tool and Plastics will receive training to improve the effectiveness of your
Website and marketing efforts.
• Metal Craft Machine & Engineering will receive training to establish baselines and
prioritize lean implementation.
The Technical Assistance Program balance is currently $400.
Economic Development Newsletter
Staff and Wolf Marketing & Media recently completed the attached 10"' edition of the
Economic Development newsletter. The purpose of the newsletter is to provide
manufacturers and site selectors information that is useful to their operations and to present
an "open for business" image. The newsletter is distributed in the Economic Development
Stram~,~c Industrial Marketing Update
May 8, 2006 F;DA Meeting
Page 3 of 3
marketing packets, is available fox download on the Economic Development page of the
City's Website and is distributed directly to approximately 550 people representing the
following groups:
• Elk River manufacturers
• Manufacturers located in Anoka, Sherburne, Wright and Hennepin Counties
• Past & present prospects/inquiries
• Key accounts (site selectors, bankers, etc.)
2006 Community Profile
Typically the Community Profile is available early each year; however the attached 2006
Profile just recently became available in order to include the fina12006 tax rates rather than
the estimated rates. The profile is also available on the City's Website.
VI. Strategic Partnership Strategy
Energy City
In January, the Energy City Commission (ECC) received three proposals fox the redesign of
the Energy City Website and made the decision to work with Jody Russell of Thunder
Communications. The ECUs goal fox completion of the site redesign is mid-June.
Downtown Revitalization Project
Watch fox the next Q & A Newsletter in the May 17`h edition of the Elk River Stax News,
which will answer many of the community's recent questions about the project. Below is a
project timeline, including other projects occurring downtown this summer:
The Bluffs of Elk I~'ver Construction ...............Spring 2006 through Sumtnex 2007
]ackron Place Construction ..........................Summer 2006 through Fall 2007
The Bank of Elk River expansion project........Spxing 2006 through Spring 2007
Rivers Edge Commons Paxk constmction.......Summex 2006 through Fall 2006
The City Council approved changes to the downtown traffic flow plan on May 1", which
included a xe-route of a portion of Main Street to last from early May to early August. In
addition, the HRA approved a downtown business marketing plan, which will include weekly
ads in the Elk River Stars News for the three-month xe-route period, signage and other
marketing efforts to help promote that downtown is open fox business during constmction.
Sherburne County Economic Development
Staff continues to attend monthly Sherburne County Economic Development Alliance
(SCEDA) meetings.
VII. Business Retention Strategy
Staff will contact EDA commissioners individually to schedule future BRE visits.
X ~ ~n
~Y
C
~,
acy or
Elk -..-~
River
Wednesday, May 24, 2006
7:30am Continental Breakfast
8:00 - 9:30am Presentation
Rockwoods Banquet & Conference Center
9 100 Quaday Ave. N.E. in Otsego
Economic Development staff will inform lenders about the City's economic development
incentive programs and loans, such as Tax Abatement, Tax Increment Financing, and the
Economic Development Mirco Loan Program. The City will also provide information
concerning some of the new requirements that coincide with such programs and
an overview of upcoming developments in the City.
In addition, Scott Martin of the Minnesota
Community Capital Fund (MCCF) will be on hand
to share information about business loans available
through the private, not-for-profit organization.
The organization is comprised of 70 member
communities and economic development groups from
outside the seven-county metro area, including
Elk River, Sherburne County & Great River Energy.
__ ,
c~fy of '' ~ ,~ Nevi f rox~ the ~~ ~! ~
Elk,
_,
..~._
Quality Label Inc. chooses Elk River for its new home
LABEL AND BAR CODE PRINTING FIRM IS BUILDING NEW FACILITY IN BUSINESS PARK
ver since Jon Jacobs and business
partner Chad Johnson acquired
QualiTy Label Inc. in 2001, the
company has grown steadily.
In tact. Quality Label's growth has been
so strong that its 26 employees - up from
15 two years ago -have been feeling
quite cramped in [he 12,000 square foot
facility the company has been leasing in
Fridley.
Faced with [he prospect of running out
of room, Mr. Jacobs, the majority owner,
and Mr. Johnson began looking for a
place to build a new facility to meet the
company's future growth expectations.
River
"Not only were we too crowded at the
facility in Fridley, but we thought it
would make good business sense to own
our own building,"
says Mr. Jacobs.
Mr. Jacobs and his
commercial real
estate agent, Erik
Gabrielson of Pine
Creek Associates,
looked at potential
sites throughout the
northwestern Twin
Cities metro azea.
In the end, they
chose to build a
future 25,000 square
foot facility on
4.1 acres in the Elk
River Business Park, under construction and is scheduled for
just off U.S. Highway 169 and south of completion by the end of August.
Hume Depot. The facility is currently Please see "Quality" on Page 2
Calling all lenders: Business Financing Forum is May 24
ECONOMIC DEVELOPMENT DIVISION TO EXPLAIN CITY'S FINANCIAL PROGRAMS
he City of Elk River and
rts Economic Development
Authority (EDA) offer plenty
of financial incentives to attract and
retain new businesses. Among them
aze tax increment financing (TIF),
[ax abatement, the Micro Loan Fund,
Technical Assistance grants, and loans
from a variety of entities.
All of these programs and loan funds
can be hard to keep track of -even for
people in finance.
In order to update the area's financial
lenders on what's available to clients
looking to locate or build in Elk
River, the City's EDA and Economic
Development Division are hosting the
CiTy's first Business Financing Forum
on May 24.
Catherine Mehelich, Director of
Economic Development, will provide
information and answer questions.
Also on hand will be Scott Martin of
[he private, not-for-profit Minnesota
Capital Community Fund (MCCF), of
which Elk River is a member. MCCF
can provide businesses in [he City with
"gap" loans -beyond what's available
from abank - of up to $1.75 million.
"Local financial institutions aze often
the first contact for businesses looking
to locate in Elk River, which is why we
think this forum is such a good chance
for us to inform lenders about all of
our programs, as well as provide them
with some updates about the programs,"
says Ms. Mehelich. "We really think
of our relationship with the financial
institutions as a partnership because
they provide the conventional financing
for businesses while the City helps with
additional financing tools."
Lenders located in and close to Elk
River are invited. The forum is from
7:30 a.m. to 9:30 a.m., Wednesday,
May 24, at Rockwoods Banquet and
Conference Center in Otsego. RS VP to
the Economic Development Division at
763.635.1040. ^
City of Elk River Economic Development Spring 2006
By the end of August, Jon Jacobs and Chad Johnson will move their
company, Quality Label Inc., into this new building in Elk River.
Elk River asks for feedback from local developers
COMMUNITY DEVELOPMENT DEPARTMENT IS WORHING TO STREAMLINE THE PROCESS
he Community Development
TDepartment held a Development
Forum in late March a[ Elk River
City Hall. Individuals and firms involved
in the development process were invited.
In all, 35 people representing developers,
landowners, construction companies,
banks and others took part.
The purpose of the forum was to update
people involved in development in Elk
River about changes to the process, to
answer questions and, as Mr. Clark says,
[o build relationships between City staff
and the development community.
some new people on our staff, and new
roles for staff members, and we wanted
to get together to make introductions
and talk about the new changes we're
making. It was also a good chance to
build relationships, and to listen to the
concerns of people in [he development
community."
In addition to several positive comments,
the meeting confirmed that developers
and builders in the past have experienced
some frustrations concerning the City's
development process.
example, Community Development is
now setting up meetings with developers
and the divisions early in the process in
order [o cleazly define the process and
schedule.
Mc Clazk notes that the City currently
has a heavy load of more than 20
commercial projects under development,
with more coming on line this summer.
As a result, the City has hired an
additional building inspector [o work
from April to October.
""fhe fact that 35 people attended was a
great sign," Mr. Clark says. "We do have
According to Mr. Clark, City staff has
already been instituting some of the
suggestions brought up a[ the forum. For
For more information or to ask a question
about the development process, please
call the Community Development
Department at 763.635.1031. ^
Qi18111y (Continued from Page 1)
At first, Quality Label will occupy 20,000
square feet and lease the remaining 5,000
square feet to another tenant. Eventually,
the company plans to expand into the
whole building.
The prospects for such an expansion
certainly look good, as Quality Label
doubled its sales in the last year.
"We're excited because the new facility
gives us the ability to grow even more,"
says Mr. Jacobs.
"We've got good products, good
employees and good salespeople,
and they'll be able to sell even more.
We'II also add a fourth press. And, the
new facility gives us room [o have a
conference room where we can meet with
our clients:'
Locating in Elk River not only gives
Quality Label the northwest suburban
locale it wanted, but the City's Economic
Development Authority (EDA) and City
Council offered a financial incentive as
well.
The City provided the company tax
abatement in [he amount of $133,947.
Sherburne County agreed to match that
amount, bringing [he total amount of tax
abatement to $267,894, which equaled 75
percent of the cost of the land.
Under the agreement, Qualify Label will
receive 100 percent of the tax abatement
for a maximum of 10 years. In return,
Quality Label has agreed [o create 15
new jobs within two years at a minimum
wage of $15 an hour. Its employees
currently earn an average of $21 an hour.
"The tax abatement was key for us,"
says Mr. Jacobs. "As a business owner,
you need to make decisions that make
financial sense for your company, your
employees and your customers. This
move does that"
Elk River officials are certainly excited
about bringing the growing tympany to
the City.
"1 think there are several things that are
really impressive about Quality Label,"
says Catherine Mehelich, Elk River's
Director of Economic Development.
"For one thing, they've had plenty of
success, which points to the quality of
work they do, and they've created job
growth. They also have a strong diversity
of products for the industries they serve."
Quality Label produces labels and
bar codes for clients in the medical,
food & beverage, health & beauty, and
promotions industries.
Ms. Mehelich firs[ visited Quality Label's
facility in Fridley more than a year
ago. T'he company had no conference
room --officers met with clients in a
nearby restaurant -- and its presses and
employees were quite cramped.
"It's the kind of company we want in
Elk River because of the good jobs it
provides, and because oftheir successful
history and potential for future growth,"
says Ms. Mehelich. ^
City of Elk River Economic Development Spring 2006
When complete, Quality Label's new facility will more than double the firm's space.
Workforce information, services at businesses' fingertips
THE LOCAL WORKFORCE CENTER OFFERS RESOURCES, SUCH AS TRAINING, AT NO COST
unning a business can certainly
be rewazding. But it's not always
asy, either.
Even firms and small companies with
great products, machines, facilities and
employees need outside help - at times
- with a variety of issues.
For example, there are times when a
manufacturing company needs to find an
employee proficient at operating a certain
machine. Or, there might be a time when
a firm needs to know [he going wage for
a press operator. Or, maybe a company
needs to train an employee for ahigher-
leveljob, but simply can't afford to do so.
The above arejust a few examples of
why several companies in Elk River have
taken advantage of the resources and
services provided by the local office of
the Minnesota WorkForce Center, located
in Monticello. The private, not-tor-profit
center works in conjunction with [he
Minnesota Department of Employment
and Economic Development (DEED).
One of the partners at the Monticello
WorkForce Center is Central Minnesota
Jobs and Training Services (CMJTS).
While CMJTS is well-known for
helping local residents find and [rain for
new jobs, it also provides a variety of
resources and services for companies
located in Sherburne and Wright counties,
as well as northern Hennepin Counly.
When working with businesses, CMJTS
often teams with DEED's Positively
Minnesota, which has an office in the
Monticello WorkForce Center.
"f think when companies find out about
us and all of the resources we provide,
they're a little surprised by all of what
we can offer -and at no cost," says Tim
Zipoy, Business Resource Representative
for CMJTS.
Those services include: providing
training for new and existing employees;
helping find new locations or places [o
build a new facility; providing Tabor
market information; lining up loans
and grants from federal, state and local
governments; and developing a variety
of training programs for employees -
sometimesinvolving several local firms.
CMJTS also helps firms to comply with
various employment laws and standards.
obtain permits, export products, write
business plans, find employees, and other
services.
Mr. Zipoy notes that local small
businesses often find it difficult [o
absorb [he financial strains of training
employees, either new or current, for
higher-level, higher-paying jobs.
For example, if a small company decides
to promote an employee from within, it
typically needs to pay the employee a
higher wage. In the meantime, it must
hire someone to fill the position vacated
by [he employee who was promoted.
However, Mc Zipoy says CMJTS can
provide financial assistance to cover [he
cost of providing on-[he job training to
an employee -new or existing.
"As the labor market tightens up, it's
critical for companies to retain good
people," Mc Zipoy says, "and this helps
them dojust that."
Metal Crat Machine & Engineering,
which produces parts for medical device
makers, is one of quite a few Elk River
companies that uses the services and
resources provided by the CMJTS and
the Central Minnesota WorkForce office.
Rita Bernard, the company's Director of
Human Resources, posts job openings on
the Minnesota Job Bank Web site (www.
mnworks.org), occasionally searches
through resumes posted on the same
Web site, checks employment trends and
unemployment statistics, and gathers
information about current wages.
"f would say I use the Web site about
three times a week," she says. "It's a
good place to post a job opening and look
for potential employees because it targets
the kind of workers we're looking for."
The company, which has 18 employees,
has also taken part in employee
training services provided by CM1TS.
At one point, Metal Craft received
reimbursements while providing on-the-
jobtraining for a promoted employee.
In addition, Metal Craft is working with
[he WorkForce Center to have six of
its machine opera[ers receive training
through a local technical college. Mr.
Zipoy is looking for other companies to
participate in order to put together a class
of between 12 and 18 employees.
"Those training programs can be very
industry andjob specific," Mr. Zipoy
says. "There can be a program for
welders, or machinists, or whatever a
company, or several companies, need."
Ms. Bernard says she also periodically
attends half-day business workshops
sponsored by the WorkForce Center.
"The whole idea is to help businesses in
[his area start, succeed and grow, which is
good for everyone," says Mr. Zipoy.
For more information on the WorkForce
Center and Central Minnesota Jobs and
Training Services, contact Tim Zipoy at
763.271.3722, or tzipoy@cmjts.org. The
WorkForce Center is located at 106 Pine
St. in Monticello. ^
City of Elk River Economic Development Spring 2006
The Workforce Center's Robert Hoenie
(lek) and Tim Zipoy work with area
businesses.
PRESORTED
STANDARD
U.S. POSTAGE
PAID
PERMIT N0. 108
ELK RIVER, MN
13065 Orono Pkwy
Elk River, MN 55330
Northstar Rail Line looks to be on track for 2009
LEGISLATURE, GOVERNOR APPEAR COMMITTED TO APPROVING FINAL PROJECT
For [he past couple of years, Elk
River City officials and business
owners have been big supporters
of [he proposed Northstar Commuter
Rail Line, which would make a 40-mile
run between Minneapolis and Big Lake
starting as soon as 2009.
y~M~~r~
Included in the proposal is a commuter
station in Elk River, which would be
at a Park & Ride lot within walking
distance of the City's Northstar
Business Park, neaz U.S. Highways 10
and 169.
As of recent weeks, the news coming
from the Minnesota Legislature
concerning Northstar continued to be
positive.
The good news started in spring 2005,
when the Legislature committed $37.5
million to the project.
Later in the year, the Federal Transit
Administration (FTA) placed the
Northstaz Commuter project on
its "recommended" list- meaning
Minnesota would, in all likelihood,
receive 50 percent of the project costs
from the federal government. The
most recent estimates indicate that the
Northstar project would cost about
$300 million.
In January of this yeaz, Gov. Tim
Pawlenty proposed $60 million in his
bonding bill for Northstar -the amount
needed to receive federal funding. In
recent weeks, the Minnesota Senate
followed the governor's lead, voting
in favor of allocating $60 million to
Northstar in its bonding bill.
Later, in April, the Minnesota House
voted for a bonding bill that included
$50 million for Northstaz.
The discrepancy in the amounts is
likely [o be ironed aut before the 2006
Legislature concludes.
"The Legislature has already put lots of
money into [his project and we really
expect the dollar amount to be worked
out," says Elk River Mayor Stephanie
Klinzing, who has been involved in the
Northstar project.
It is expected that the two houses of
the Legislature will come together and
agree on $60 million -the amount
needed to garner full federal funding,
Ms. Klinzing says.
As noted eazlier, the good news from
the Legislature is great news for Elk
River.
Local business owners say completion
of [he Northstar line, to be added [o
tracks operated by Burlington Northern
Sante Fe (BNSF) railroad, will help
them recruit and retain employees from
throughout the Twin Cities.
Future phases of the commuter line
would connect [o places as far away
as S[. Cloud, the Mall of America,
Minneapolis-St. Paul lntema[ional
Airport and downtown St. Paul. A
ride from Elk River to downtown
Minneapolis is expected to takejust 30
minutes -with no time lost sitting in
traffic jams.
"It's a selling point for companies
when they're looking to hire or
recruit employees," says Mayor
Klinzing, "because it allows them to
hire people -quality people -from
a variety of places in the metro area.
The employees who want to take the
commuter line don't have to worry
about being stuck in traffic, or pazking
issues. That's why throughout the
country it's been proven that companies
prefer to be located neaz commuter rail
lines." ^
City of Elk River Economic Development Spring 2006
Kiver
13065 Orono Parkway
Elk River, MN 55330
Community Profile 2006
Elk River, Minnesota
The Ciry of Elk River is located 35 minutes northwest of Downtown Minneapolis
County: Sherburne Senate District #16: Senator Betsy Werpn
County Seat: Elk River Senate District #48: Senator Mike Jungbauer
Metropolitan Area: Minneapolis - House District #16B: Rep. Mark Olson
St. Paul MSA House District #48A: Rep. Tom Hackbarth
I Con¢ressional District #6: Coneressman Mazk Kennedvl
Population Estimates
1$758 _ 20y240
20,000 16,082
17,380
16,447
15,000
11,143
io,ooo
soao
lgyo 0000 tom zmz zoos 0004
Elk River
Source 1990 and 2000 - US Census Bureau
2001- 2004-MNSfate Demographer
2000 Median Age:
Elk River
Sherburne County
Stale of MN
Source: 2000- US Census Bureau
80,000 74,763 79.e3o
6&,U7 n537
64_4r7
60,000
40,0110 41945
2gooo
t98o 1990 2000 2o0I 2002 2003
Sherburne County
source 1990 and 2000 - US. Census Bureau
2001- 2004 - MN State Demographer
2003 Personal Income
32 years Sherburne County
31 years Minneapolis-S[.Paul MSA
35 years State of MN
Source: 2000 - D.S. Census Bureau
$,26,084
$38,601
$34,031
Phone: 763.635.1000
Fax: 763.635.1090
unaw. cs:elk-river. m n. us
Employment
Largest Employers ' Product/Service Full-Time Employees Part-Time Employees Total
Independent School District 728 Education n/a n/a 1,350
Sherburne County Government 490 35 525
Wal-Mart Retail Store n/a n/a 406
Great River Energy Electric Utility 341 10 351
Guardian Angels of Elk River, Inc. Nursing/Eiousing 80 239 319
Cub Foods Grocery Store 60 140 200
Tescom Corporation Pressure Control Devices 185 0 185
Menards Retail Store n/a n/a 179
Coborn's Grocery Store 30 142 172
First National Financial Services Financial Institution 128 30 158
The Home Depot Retail Store n/a n/a 150
E & 0 Tool and Plastics, Inc. Tooling and Plastic Molding 130 0 130
Cretex Companies, Inc. Precast Concrete Products 110 0 110
Elk River Ford Automobile Sales 83 18 101
The Bank of Elk River Financial Institution 77 20 97
Alltool Pinnacle Design & Mfg., Inc. Metal Stamping 91 2 93
n/a =not available
Workforce
Sherburne County 44,407
MN 2,931;224
T.I.S. 149,874,000
Source: MN Dept ofEmpdoymem and 6wnomlcOwelopmerat Eoca[
Area Unemployment StatLsh'rs (LAOS), Dec, 2005
Workforce 1?er Industry in Sherburne Count
Goods Producing
(Construcfion and manufacturing) 5,489
Service Producing
(Transportation, wholesale and
retail trade, services, etc.) 17,194
TOTAL 22,683
Sourcer MN Dept. aJEmployment and Economic Development Quarterly
Covered Employment and 14age (QCEI{~, 1st Quarter 2005
Unemployment Rate
Sherburne County 4.7%
MN 4.0
U.S. 4.6%
Source: MNDept of Employment and Economic Developmem, tarot
Area Unemployment StaMSA'cr (GUSJ, Dec. 2005
Occu anon Hourly Median
Wa e Estimate
Computer Programmer $32.90
Tool & Die Maker 23.63
Machinist 19.94
Welder 19.83
Of&ce Clerk 13.19
Assemblers & Fabricators 12.16
Saurce~ MN Dept afEmploYmem andEwnomic Deudopment,
Minneapolis,S[. Paul MS9 Occupadiona! Employment SfadLstirs (DES),
4th Quarter 2005
Taxes
.Tax Capacity Rates
Year Total Rate* Ciry Rate
2006 125.490 43.929
2005 123.988 43.763
2004 122.714 43.782
2003 134.939 44.614
2002 139.799 43.600
2001 128.544 30.596
:2006 Gty Tax Breakdown
School District 728 35.950
Ciry of Elk River 43.929
Sherburne County 41.555
County Special Rail Authority 1.279
City EDA & HRA 2.777
Total Rate 125.490*
* Total tax rates do not include Market value School Excess Levy Referendum rate oj0.15508%, the CommerciaUlndustrlal Slate Tax rate of
50.827% and the Seasonal Recreation Resvdentlal State Tar rate of 28.385%.
Commercial/Industrial Taxes:
Minnesota real estate taxes are based on fair market value estimates. Tax capacity times the tax rate equals property taxes.
Tax capacity is the value of [he property under $150,000 Gmes 1.5 % plus any value over $150,000 times 2.0%.
2006 City General Fund Budget: $10,596,550
City Bond Rating: A-I Moody's
Housing and Development
New Residential Construction Permit value.
100M 595,461,665
F87,1oi,347 ,
SOM
60M SS7,119,695
S4isols7a
40M E41;877,9di
20M
2001 2002 2003 2004 2005
Source: Ciry of Elk Raver Building Divis+bn
New Housing Units
Year' Total Units ".. Single Family
2005 362 195
2004 547 301
2003 546 285
2002 224 1S3
2001 256 163
Source Ciry of Elk River Building Division
New Commercial/Industridi Construction Perm2 ~aiue
SOM 556,7u,134 .
40M
30M
20M
E8,118,842
IOM 56341570 ..55,224,891 $4,156,000
2001 2002 2003 2004 2005
Source: Cfly of Elk River Buddang Diu~sion (doer not include
insh~tutionalQernail value)
Year Home Sales
# Sold
Mean Pnce '.
2005 476 $231,698
2004 442 227,724
2003 364 210,976
2002 313 195,367
2001 300 175,149
Souris: Sherburne CountyASressors Oj~ce
Education
K-12 Education
District 728 Public Schools Number Enrollment Grades
Elementary Schools 8 5,191 K-5
Middle Schools 4 2,663 6-8
High Schools 3 3,366 9-12
Area Learning Center 1 130 8-12
Elk RiveCParochiaUChutzh Schools
Rivers Christian Academy 339 K-12
St. Andrew's School 304 K-6
St. John Lutheran School 254 Pre-K-8
Solid Rock Christian Academy 12 K-12
Area Post Secondary Schools
Technical college: Anoka-Hennepin Technical College;
Distance: 9 miles
Community college: Anoka-Ramsey Community College;
Distance: 15 miles
Universities: University of Minnesota, Twin Cities;
St. Cloud State University;
Distance: 35 miles
www. ank. tec. mn. us
www.an.cc.mn.us
wwwl.umn.edu
wwwstcloudstate.edu
Community Contacts
Catherine Mehelich
Ih'rector of Economic
Development
City of Elk River
13065 Orono Parkway
Elk River, MN 55330
763.635.1041
cm eh eli ch @ ci.elk-river. mn. us
www ci.elk-river. mn. us
Heidi Steinmetz
Assistant Ih'rector of Economic
Development
City of Elk River
13065 Orono Parkway
Elk River, MN 55330
763.635.1042
hsteinmetz@ci.elk-river. mn. us
www, ci.elk-river. mn. us
Je f f Gongol-
President
Elk River Area Chamber
of Commerce
509 Highway 10
Elk River, MN 5533D
763.441.3110
eracc @ elkriverchamber. o rg
www. elkriverchamber. org
Business Financing and Incentive Programs
The Ciry of Elk River, its Economic Development Authority (EDA) and its Housing and Redevelopment Authority
(HRA) participate in and have access to the following programs:
• EDA Micro Loan Fund • Central MN Initiative Foundation
•EDA Technical Assistance Program • MN Department Emp]oyment and Economic
• Minnesota Community Capital Fund (MCCF) Development (DEED)
• Tax Increment Financing • MN Business Finance Corporation (MBFC)
• Tax Abatement • USDA Rural Development
Commercial and Industrial Areas
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Visit the city website at www.ci.elk-rivermn.us and click on
"Grow Your Business" for current listings of available industrial sites.
Phone: 763.635.1000
Fax: 763.635.1090
www. ci. e[k-aver. m n. us
Commercial
1. Central Business District
2. Elk River Plaza Mall
3.EIk Park Center
4. Elk Ridge Center
5. Hillside Crossing 11
6. Hillside Crossing
7. Hillside Crossing South
8. Barrington RetaiUOffice
9. Elk River Crossing
Industrial
A. Sandpiper Business Park
B. McChesney Industrial Park
C. Elk River Industrial Park
D. Elk River Business Park
E. Northstar Business Park
F. Proposed Nottltstaz Corridor
G. Rail 10
H. Gateway Business Center
I. Cascade Industrial Pazk
J. RR Industrial Park
K Ar-Mon Industrial Pazk
13065 Orono Pazkway
Elk River, MN 55330