3.03 SR 07-27-2016 EOty1� ,.,�� Request for Action
River
To Item Number
Mayor and City Council / Sherburne County Board 3.03
Agenda Section Meeting Date Prepared by
joint Meetin July 27, 2016 Cal Portner, City Administrator
Item Description Reviewed by
Economic Development/ Data Centers Steve Taylor, County Administrator
Reviewed by
Action Requested
Update and discussion.
Background/Discussion
County update on Economic Development initiatives and shovel ready data center site.
Financial Impact
N/A
Attachments
■ N/A
POWERED 6T
AR
July 27, 2016
th
*increasesMultiMay (94.1 median ratio)from 2014 to 2015201411fastest growing county in the state-Family expected to see 1% -3%
**Commercial values flat with Industrial & *190 residential sales in Elk River through **$81 million in 2015 new constructionCountywide9.2% employment growth between 2007 New home permits
are up 12% -
nd
OrrockTownship
$250,000 available for gap financingTotal = 143 new jobs & $9,236,000 in additional industrial tax baseSportechGATR Truck Center Morrell Companies First loan was granted in April
of 2016 to C & C Magnets in Becker, 2–105,000 sf facility, 72 new jobs, $5,250,000 tax base growth––43,000 sf facility, 63 new jobs, $3,900,000 tax base growth13,824 sf facility, 8
new jobs, $860,000 tax base growthto Sand Dunes Auto in
Created a Revolving Loan Fund in 2016
County Tax Abatements granted to 3 new projects in Elk River
*AcucraftFireplace Systems
*33 new jobs & $1.1 million in local investment*Filled an existing Vacant building
ChennyRiver)Auto –New 4,000 sf Office/Shop (Baldwin)
Heppner Engineering Kwik Trip JD Fairview Hospital Caribou Coffee Potter Trucking LupulinCommons of Big Lake Big J & J Machine Lakes Gas Jag’s Pro Shop ByriderTexTrailers
Brewery –––New Stores in Big Lake and East St. CloudRemodel and Expansion (Clear lake)Moved into and Remodeled a vacant Hwy 10 Property (Haven/St. Cloud)––––26,500 sf Shop New 7,000
sf Auto Shop (Zimmerman)––New 2,500 sf Coffee Shop (Princeton)Moved into a vacant Hwy 10 Property (Elk River)17,808 sf Expansion of Shop Facilities (Becker)–New 2,460 sf Brewery (Big
Lake)23,926 Hospital Expansion (Princeton)––––New 4,180 sf Convenience Store (Zimmerman)New 8,100 sf Office/Shop (Baldwin)New 13,440 sf Strip Center (Big Lake)New 18,419 sf Showroom/Shop
& 24,000 Existing Facility Expansion (Elk Expansion (Elk River)
Other Countywide Development Taxable Value in 2015/2016-$17 million in
*additional growth potentialBig Lake, Elk River, Princeton, & Zimmerman allowing for Fortune 50 data centers33 county owned acre data center site adjacent to two
******8.15 Acre Industrial SiteCommercial/Industrial lots are also available in Becker, Excellent power ratesRedundant electricityMultiple fiberPartnering with the City of Elk River
to Market the lots-optic networks
Dan Weber, Assistant Elk River, MN 13880 Business Center 55330-1692County DrNWAdministrator
763Dan.weber@co.sherburne.mn.us-765-3007
Economic Development Contact:
Questions