6.1. EDSR 08-11-2003 ITEM # 6.1.
•
City of '
Elk -1
River
MEMORANDUM
TO: Economic Development Authority
FROM: Catherine Mehelich, Director of Economic Development
DATE: August I I, 2003
SUBJECT: 2003 Semi-Annual Inquiry/Prospect Report
Attachments
• Inquiry/Prospect Summary:January—July 2003
• Inquiry/Prospect Tracking Report 2001-2003
Overview
• Since the year 2001, staff has been tracking inquiries and prospects within a database. Attached is a brief
summary of inquiries received for the first half of 2003. Following is a breakdown summary of the types
of inquiries received:
Total Inquiries: 46
• Commercial 19
• Industrial 27
o Heavy Industrial (by use&outside storage) 7
o Light Industrial/Other 20
Nature of Light Industrial Inquiry:
• Lease Space 2
• Land/Building 8
• Other (info/$) 10
Light Industrial Size:
• Small (Less than 10,000-square feet) 4
• Medium (10,000-sf to 25,000-s f) 4
• Large (30,000-sf+) 3
• • Other (spec/info) 9
2003 Semi-Annual Inquiry/Prospect Report
August 11,2003
Page 2 of 2
•
2001 - 2003 Industrial Clients Status:
• Active Prospects/Delayed Decisions
o Cymbet Corporation 50,000-sf lease Financing Delay(2002)
o Options Inc. 10,000-sf build Site Delay(2001)
o Gradient Technology,Blaine 25,000-sf build Decision Delay(2002)
o PumpWorks,Plymouth 40,000-sf build Financing Delay(2002)
o Electronics calibration lab, St.Francis 3,500-sf lease Decision Delay(2002)
o Precision machining,Dayton 15,000-sf build Decision Delay(2001)
o Finished wood operation 30,000-sf build Decision Delay(2003)
o Display manufacturer 10,000-sf lease Financing&Site Delay(2003)
o Aeroacoustics design&fabrication 2,000-sf Financing&Site Delay(2003)
o Injection mold company 5,000-sf Decision Delay(2003)
o Gamesa,wind turbine manuf. 193,750-sf build Decision Delay(2003)
• Located Site in Elk River
o Dimensional Concepts,machining 5,000-sf lease space (2002)
o TAG Machine shop,Ramsey 15,000-sf to build (2003)
o Lake Assault Custom Boats 5,000-sf lease space (2003)
• NA/Unknown 12 (2003)
• Located Site Elsewhere
o Computer Motion Imaging Chaska/Chanhassen area proposed (2001)
o KitMasters of Ramsey Detroit Lakes area-vacation home,incentives (2001)
o Dynamic Packaging Anoka proposed-warehouse,incentives (2002)
o High Tech Data Center Delay-wants a turn-key building near Mpls (2002)
o Custom Turning of Blaine Big Lake- outside storage,incentives (2002)
o Bixby Energy Systems of Elk River Rogers- available 15,000SF lease space (2002)
o DiaServ,thermoform plastics Stayed in Blooming Prairie (2002)
o JBC Industries,water jet cutting Big Lake- 15,000-sf lease space,incentives (2001)
o Antioch/Creative Memories Expansion Stayed in St. Cloud-land price (2001)
o Horizon Thermoform Closed business (2001)
o Mach Glass Stayed in Big Lake lease space (2001)
o Tool grinding,Coon Rapids Considering Blaine and Ham Lake (2003)
o Precise Metalcraft of Dayton Ramsey-land price and incentives (2002/2003)
•
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tifk •..1
River
13065 Orono Parkway
Elk River,MN 55330
Economic Development Department
Inquiry/Prospect Tracking Report
2001 2002 Jan-July 2003
Total Inquiries 75 48 46
Commercial 30 17 19
Industrial 45 31 27
Heavy Industrial NA 10 7
Light Industrial/Other NA 21 20
Nature of Light Industrial Inquiry
Lease Space 12 6 2
0 Land/Building 28 13 8
Other (info/$) 5 2 10
Light Industrial Size
Small (Less than 10,000-sf) 16 5 4
Medium (10,000-sf to 25,000-sf) 10 13 4
Large (30,000-sf +) 13 6 3
Other (spec/info) 6 3 9
Active Prospects 10 7 11
Located in Elk River 2 I 2
NA/Unknown 29 10 12
Located Site Elsewhere 7 5 2
Big Lake 2 1
Ramsey 1
Other(St. Cloud, Rogers, Blaine, stayed, closed) 5 4 1
0
Phone:763.635.1000
Fax:763.635.1090
www.ci.elk-river.mn.us