7.2. EDSR 06-17-2019 Request for Action
To Item Number
Economic Development Authority 7.2
Agenda Section Meeting Date Prepared by
General Business June 17, 2019 Amanda Othoudt, EDD
Item Description Reviewed by
Director Report Cal Portner, City Administrator
Reviewed by
Action Requested
Information presented for discussion to keep the EDA updated on development activity.
Background/Discussion
BUSINESS VISITS
Completed eleven BR&E visits with more scheduled over the next few weeks. Please RSVP if you are
able to attend.
MISCELLANEOUS
Anoka Technical College Foundation Board
I was appointed to the Anoka Technical College Foundation Board this week, replacing Dan Weber of
Sherburne County. Anoka Technical College Foundation was established in 1987 to provide support to
deserving Anoka Technical College students and college programs. The foundation has provided more
than $2,000,000 to support students and college programs. I sit on the Awards Committee. Each
semester, the awards committee provides scholarships ranging from $500 to $2000 are awarded to
students. The EDA, Sherburne County and The Elk River Chamber support this foundation through the
Connect the Dots event, their major fundraising event each year.
Economic Development Association of Minnesota (EDAM) Summer Conference
Colleen and I attended EDAM’s annual conference. The EDA sponsored the keynote speaker, and I had
the pleasure of introducing David Ollila, President and Chief Innovation Officer of Skypoint Ventures in
Flint, Michigan. David is an entrepreneur, innovator and inventor, and holds 14 patents on everything
from sporting goods to wearable technology. He provides his expertise and experience to help cultivate
entrepreneurship and opportunity in Flint at Skypoint Ventures, 100K Ideas and the Ferris Wheel
Innovation Center.
Economy Overview and Buxton Retail Report
I have included reports from Buxton Companies, and EMSI for your review. The reports outline the
Sherburne County economy and retail leakage in Elk River.
Revolving Loan Fund Balance Reports
At the request of Commission, a copy of the Revolving Loan Fund report is attached.
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community
engagement that encourages and inspires prosperity
Financial Impact
N/A
Attachments
Revolving Loan Fund Report
Buxton Retail Analysis
Sherburne County Economy Overview
ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
MICRO LOANS
Current Current 6/13/19
Loan Loan Interest Term Monthly Principal
Borrower Date Amount Rate (Months)Payment Outstanding Current
Die Concepts 6/3/2016 $185,200 2.00%60 $936.90 $163,874.95 N
Heritage Millwork 12/22/2016 $100,000 3.00%60 $965.61 $78,579.35 Y
Patriot Converting 5/5/2016 $200,000 3.00%60 $3,593.74 $0.00 Y
Ralphies#1 9/10/2013 $74,999 3.00%120 $724.20 $34,182.64 Y
Ralphies#2 8/28/2018 $19,175 3.00%60 $343.65 $16,478.64 Y
TOTAL MICRO LOANS $293,115.58 Micro Loan Fund 240
Distinctive Iron 3/3/2015 $126,000 2.03%60 $874.72 $91,502.14 Y
Scott Morrell LLC 8/6/2015 $200,000 2.00%60 $1,011.77 167,544.60 Y
Orluck 7/17/2018 $200,000 3.00%84 $2,642.66 178,330.73 Y
$437,377.47 DEED Jobs Incentive Loan Fund 242
Fund Cash Balances 06/13/19:
Micro Loan Fund - 240 $937,117.76
State DEED Jobs Incentive - 242 $74,876.26
Retail Leakage and Surplus Analysis
The Retail Leakage and Surplus Analysis examines the quantitative aspect of the community's retail
opportunities. It is a guide to understanding retail opportunities but it is not an analysis that indicates
unconditional opportunities. The analysis is sometimes called "a gap analysis" or "a supply and demand
analysis" and can aid in the following:
- Indicating how well the retail needs of local residents are being met
- Uncovering unmet demand and possible opportunities
- Understanding the strengths and weaknesses of the local retail sector
- Measuring the difference between estimated and potential retail sales
Understanding Retail Leakage
Retail leakage means that residents are spending more for products than local businesses capture. Retail sales
leakage suggests that there is unmet demand in the trade area and that the community can support
additional store space for that type of business.
However, retail leakage does not necessarily translate into opportunity. For example, there could be a strong
competitor in a neighboring community that dominates the market for that type of product or store.
Understanding Retail Surplus
A retail surplus means that the community's trade area is capturing the local market plus attracting non-local
shoppers. A retail surplus does not necessarily mean that the community cannot support additional business.
Many communities have developed strong clusters of stores that have broad geographic appeal. Examples of
these types of retailers include: sporting goods stores, home furnishing stores, restaurants, and other specialty
operations that become destination retailers and draw customers from outside the trade area.
Examining the quantitative aspects (Leakage/Surplus) is only part of the evaluation of community's retail
opportunities. Before any conclusions can be drawn about potential business expansion or recruitment
opportunities, qualitative considerations such as trade area psychographics and buying habits must be
analyzed in context of other market factors.
Interpreting Leakage Index
1.0 = equilibrium, meaning that demand and sales in the area being analyzed are in balance.
.80 = demand exceeds sales by 20%, meaning that consumers are leaving the area being analyzed.
1.2 = sales exceed demand by 20%, meaning that consumers are coming from outside the area being
analyzed.
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Leakage/Surplus Index by Major Store Type
The quantitative comparison of retail leakage and surplus in the twelve major store types shown in the chart
and table below provides an initial measure of market opportunities. Combining this analysis with the
knowledge of the local retail situation will take the process of identifying retail possibilities one step further.
Figure 1 provides the leakage/surplus indices and following is the sales potential and estimated sales for major
store types.
Figure 1. Leakage/Surplus Index and Estimated and Potential Sales by Major Store Types
Store Type Potential Estimated Sales Surplus/Leakage
Motor Vehicle Parts & Dealers 108,531,945 212,740,675 2.0
Furniture & Home Furnishing Stores 10,283,788 10,397,221 1.0
Electronics & Appliance Stores 9,816,675 3,117,623 0.3
Building Material, Garden Equip. & Supplies 37,467,760 80,830,318 2.2
Food & Beverage Stores 60,880,762 65,282,332 1.1
Health & Personal Care Stores 29,591,958 25,295,447 0.9
Clothing & Clothing Accessories Stores 19,313,170 6,807,572 0.4
Sporting Goods, Hobby, Book, & Music Stores 9,017,132 5,882,548 0.7
General Merchandise Stores 63,042,320 53,777,465 0.9
Miscellaneous Store Retailers 15,847,055 14,174,447 0.9
Foodservice & Drinking Places 54,882,394 55,467,712 1.0
Total 418,674,959 533,773,360 1.3
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sub-Categories of Motor Vehicle Parts & Dealers
Store Type Potential Estimated Sales Surplus/Leakage
Automotive Dealers 92,479,323 156,676,032 1.7
Other Motor Vehicle Dealers 7,846,243 46,386,762 5.9
Automotive Parts, Accessories, & Tire Stores 8,206,379 9,677,882 1.2
Total Motor Vehicle Parts & Dealers 108,531,945 212,740,675 2.0
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sub-Categories of Furniture & Home Furnishing Stores
Store Type Potential Estimated Sales Surplus/Leakage
Furniture Stores 4,713,628 8,715,709 1.8
Home Furnishing Stores 5,570,160 1,681,513 0.3
Total Furniture & Home Furnishing Stores 10,283,788 10,397,221 1.0
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sub-Categories of Electronics & Appliance Stores
Store Type Potential Estimated Sales Surplus/Leakage
Household appliance stores 1,207,439 1,865,510 1.5
Electronics Stores 8,609,236 1,252,112 0.1
Total Electronics & Appliance Stores 9,816,675 3,117,623 0.3
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sub-Categories of Building Material, Garden Equip. & Supplies
Store Type Potential Estimated Sales Surplus/Leakage
Home Centers 17,547,859 70,847,335 4.0
Paint and Wallpaper Stores 1,428,130 1,399,556 1.0
Hardware Stores 2,628,285 732,816 0.3
Other Building Material Dealers 10,189,371 3,592,761 0.4
Outdoor Power Equipment Stores 788,693 2,550,681 3.2
Nursery, Garden Center, & Farm Supply Stores 4,885,423 1,707,168 0.3
Total Building Material, Garden Equip. & Supplies 37,467,760 80,830,318 2.2
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sub-Categories of Food & Beverage Stores
Store Type Potential Estimated Sales Surplus/Leakage
Supermarkets and Other Grocery (except Convenience) Stores 51,776,125 60,218,465 1.2
Convenience Stores 2,500,201 1,498,646 0.6
Specialty Food Stores 1,898,249 2,511,927 1.3
Beer, Wine, & Liquor Stores 4,706,186 1,053,294 0.2
Total Food & Beverage Stores 60,880,762 65,282,332 1.1
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sub-Categories of Health & Personal Care Stores
Store Type Potential Estimated Sales Surplus/Leakage
Pharmacies and Drug Stores 24,276,473 10,968,593 0.5
Cosmetics, Beauty Supplies and Perfume Stores 1,858,716 1,080,296 0.6
Optical Goods Stores 1,416,600 4,263,718 3.0
Other Health and Personal Care Stores 2,040,170 8,982,840 4.4
Total Health & Personal Care Stores 29,591,958 25,295,447 0.9
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sub-Categories of Clothing & Clothing Accessories Stores
Store Type Potential Estimated Sales Surplus/Leakage
Mens Clothing Stores 613,317 0 0.0
Womens Clothing Stores 2,552,457 213,527 0.1
Childrens and Infants Clothing Stores 877,093 669,964 0.8
Family Clothing Stores 7,353,153 2,710,660 0.4
Clothing Accessories Stores 794,175 331,814 0.4
Other Clothing Stores 939,473 390,296 0.4
Shoe Stores 2,352,235 1,602,104 0.7
Jewelry Stores 3,573,797 857,269 0.2
Luggage & Leather Goods Stores 257,469 31,938 0.1
Total Clothing & Clothing Accessories Stores 19,313,170 6,807,572 0.4
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sub-Categories of Sporting Goods, Hobby, Book, & Music Stores
Store Type Potential Estimated Sales Surplus/Leakage
Sporting Goods Stores 5,004,999 2,133,373 0.4
Hobby, Toy, and Game Stores 2,104,151 838,979 0.4
Sewing, Needlework, and Piece Goods Stores 391,278 2,651,570 6.8
Musical Instrument and Supplies Stores 432,964 66,152 0.2
Book Stores 801,964 163,351 0.2
News Dealers and Newsstands 281,776 29,122 0.1
Total Sporting Goods, Hobby, Book, & Music Stores 9,017,132 5,882,548 0.7
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sub-Categories of General Merchandise Stores
Store Type Potential Estimated Sales Surplus/Leakage
Department Stores 13,018,586 26,707,906 2.1
Warehouse Clubs & Superstores 42,808,114 17,965,626 0.4
All Other General Merchandise Stores 7,215,619 9,103,933 1.3
Total General Merchandise Stores 63,042,320 53,777,465 0.9
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sub-Categories of Miscellaneous Store Retailers
Store Type Potential Estimated Sales Surplus/Leakage
Florists 653,384 1,682,939 2.6
Office Supplies and Stationery Stores 1,222,418 1,780,950 1.5
Gift, Novelty, and Souvenir Stores 1,498,393 566,128 0.4
Used Merchandise Stores 1,735,382 6,650,708 3.8
Other Miscellaneous Store Retailers 10,737,478 3,493,722 0.3
Total Miscellaneous Store Retailers 15,847,055 14,174,447 0.9
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sub-Categories of Foodservice & Drinking Places
Store Type Potential Estimated Sales Surplus/Leakage
Special Food Services 5,623,769 1,114,341 0.2
Drinking Places (Alcoholic Beverages)2,733,589 1,029,632 0.4
Restaurants and Other Eating Places 46,525,036 53,323,739 1.1
Total Foodservice & Drinking Places 54,882,394 55,467,712 1.0
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Retail Leakage and Surplus Analysis
Elk River
Sources and Methodology
The primary data sources used in the construction of the database include:
- Current Year CAPE (Census Area Projections & Estimates) Consumer Expenditure Estimates
- Census of Retail Trade, Merchandise Line Sales
- Census Bureau Monthly Retail Trade
The Census of Retail Trade presents a table known as the Merchandise Line summary, which relates
approximately 120 merchandise lines (e.g. hardware) to each of the store types. For each merchandise line,
the distribution of sales by store type can be computed, yielding a conversion table which apportions
merchandise line sales by store type.
The CAPE (Census Area Projections & Estimates) Consumer Expenditure database was re-computed to these
merchandise lines by aggregating both whole and partial categories, yielding, at the block group level, a
series of merchandise line estimates which are consistent with the CAPE Consumer Expenditure database.
These two components were then combined in order to derive estimated potential by store type. The results
were then compared to current retail trade statistics to ensure consistency and completeness.
All estimates, projections or forecasts in this model are subject to errors, including statistical error, error due to the subjective nature of some data, error due to changes in demographics, error based on
lagging competitor information or growth data, and error due to factors that are not included in the model. The user assumes all risk of reliance on this information.
GROW WITH US.1-888-2BUXTON |buxton@buxtonco.com |www.buxtonco.com
Economy Overview
Sherburne County, MN
Emsi Q2 2019 Data Set | www.economicmodeling.com
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com
Economy Overview
Takeaways
As of 2018 the region's popula on increased by 6.1% since 2013, growing by 5,515. Popula on is expected to increase by 5.0%
between 2018 and 2023, adding 4,781.
From 2013 to 2018, jobs increased by 2.8% in Sherburne County, MN from 29,475 to 30,291. This change fell short of the
na onal growth rate of 8.2% by 5.4%. As the number of jobs increased, the labor force par cipa on rate decreased from 70.6%
to 69.7% between 2013 and 2018.
Concerning educa onal a0ainment, 18.6% of Sherburne County, MN residents possess a Bachelor's Degree (the same as the
na onal average), and 13.1% hold an Associate's Degree (5.0% above the na onal average).
The top three industries in 2018 are Educa on and Hospitals (Local Government), Restaurants and Other Ea ng Places, and
Local Government, Excluding Educa on and Hospitals.
2018 Labor Force Breakdown
95,588 30,291 $83.9K
Popula on (2018) Total Regional Employment Median Household Income (2017)
Popula on grew by 5,515 over the
last 5 years and is projected to
grow by 4,781 over the next 5
years.
Jobs grew by 816 over the last 5
years and are projected to grow by
1,496 over the next 5 years.
Median household income is
$26.2K above the na onal median
household income of $57.7K.
Region 95,588 52,254 30,291 99.7 $3.22B $5.67B $3.37B
State 5,610,460 3,089,804 3,175,267 102.0 $365.94B $255.75B $301.30B
Na on 328,038,851 162,488,483 162,744,861 100.0 $20.15T $0 $8.59T
Popula on
(2018)
Labor Force
(2018) Jobs (2018)
Cost of
Living GRP Imports Exports
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com
Popula on
95,588
Educa onal A=ainment
Concerning educa onal a0ainment, 18.6% of Sherburne County, MN residents possess a Bachelor's Degree (the same as the
na onal average), and 13.1% hold an Associate's Degree (5.0% above the na onal average).
Popula on
A Total Working Age Popula on 74,970
A Not in Labor Force (15+)22,716
A Labor Force 52,254
A Employed 50,329
A Unemployed 1,925
A Under 15 20,618
% of Popula on Popula on
A Less Than 9th Grade 1.7% 1,034
A 9th Grade to 12th Grade 3.9% 2,438
A High School Diploma 29.0% 18,128
A Some College 26.4% 16,531
A Associate's Degree 13.1% 8,167
A Bachelor's Degree 18.6% 11,656
A Graduate Degree and Higher 7.3% 4,594
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 1
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Contents
Economy Overview
Historic & Projected Trends
Popula on Characteris cs
Industry Characteris cs
Business Characteris cs
Workforce Characteris cs
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 2
Historic & Projected Trends
Popula on Trends
As of 2018 the region's popula on increased by 6.1% since 2013, growing by 5,515. Popula on is expected to increase by 5.0%
between 2018 and 2023, adding 4,781.
2013 90,073
2014 90,867
2015 91,377
2016 93,236
2017 94,570
2018 95,588
2019 96,716
2020 97,753
2021 98,703
2022 99,573
2023 100,369
Timeframe Popula on
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 3
Historic & Projected Trends - Cont.
Job Trends
From 2013 to 2018, jobs increased by 2.8% in Sherburne County, MN from 29,475 to 30,291. This change fell short of the
na onal growth rate of 8.2% by 5.4%.
2013 29,475
2014 30,217
2015 30,014
2016 29,965
2017 29,970
2018 30,291
2019 30,770
2020 31,142
2021 31,441
2022 31,687
2023 31,787
Timeframe Jobs
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 4
Historic & Projected Trends - Cont.
Labor Force Par cipa on Rate Trends
2014 69.86%
2015 69.66%
2016 70.04%
2017 69.81%
January - October 2018 69.70%
November 2018 69.24%
December 2018 69.70%
January 2019 68.97%
Timeframe Labor Force Par cipa on Rate
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 5
Historic & Projected Trends - Cont.
Unemployment Rate Trends
Sherburne County, MN had a January 2019 unemployment rate of 5.39%, increasing from 4.54% 5 years before.
2014 4.54%
2015 3.99%
2016 4.06%
2017 3.73%
January - October 2018 3.20%
November 2018 2.34%
December 2018 3.68%
January 2019 5.39%
Timeframe Unemployment Rate
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 6
Sherburne County, MN has 18,231
millennials (ages 20-34). The
na onal average for an area this
size is 19,587.
Re rement risk is low in Sherburne
County, MN. The na onal average
for an area this size is 26,960
people 55 or older, while there are
21,755 here.
Racial diversity is low in Sherburne
County, MN. The na onal average
for an area this size is 37,140
racially diverse people, while there
are 8,049 here.
Sherburne County, MN has 5,441
veterans. The na onal average for
an area this size is 5,499.
Sherburne County, MN has 0.67
violent crimes per 1,000 people.
The na onal rate is 3.75 per 1,000
people.
Sherburne County, MN has 12.06
property crimes per 1,000 people.
The na onal rate is 24.21 per
1,000 people.
Popula on Characteris cs
18,231
Millennials
21,755
Re ring Soon
8,049
Racial Diversity
5,441
Veterans
0.67/1,000
Violent Crime
12.06/1,000
Property Crime
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 7
Where Talent Works Where Talent Lives
Popula on Characteris cs - Cont.
Place of Work vs Place of Residence
Understanding where talent in Sherburne County, MN currently works compared to where talent lives can help you op mize site
decisions.
55330 Elk River, MN (in Sherburne county)…14,842
55309 Big Lake, MN (in Sherburne county)…4,745
56304 Saint Cloud, MN (in Sherburne county)…4,368
55308 Becker, MN (in Sherburne county)…3,113
55398 Zimmerman, MN (in Sherburne county)…2,394
ZIP Name
2018
Employment
55330 Elk River, MN (in Sherburne county)…23,222
55309 Big Lake, MN (in Sherburne county)…12,223
55398 Zimmerman, MN (in Sherburne county)…9,521
56304 Saint Cloud, MN (in Sherburne county)…7,636
55308 Becker, MN (in Sherburne county)…5,533
ZIP Name
2018
Workers
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 8
Industry Characteris cs
Largest Industries
Industry Jobs Na onal Average
0 1,000 2,000 3,000 4,000
Mining, Quarrying, and Oil and Gas Extrac on
Informa on
Real Estate and Rental and Leasing
Educa onal Services
Arts, Entertainment, and Recrea on
Management of Companies and Enterprises
Finance and Insurance
U li es
Professional, Scien fic, and Technical Services
Wholesale Trade
Agriculture, Forestry, Fishing and Hun ng
Administra ve and Support and Waste Management and
Remedia on Services
Transporta on and Warehousing
Other Services (except Public Administra on)
Accommoda on and Food Services
Construc on
Retail Trade
Health Care and Social Assistance
Manufacturing
Government
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 9
Industry Characteris cs - Cont.
Top Growing Industries
Industry Jobs Growth
0 100 200 300 400 500 600
Professional, Scien fic, and Technical Services
Educa onal Services
Real Estate and Rental and Leasing
Finance and Insurance
Agriculture, Forestry, Fishing and Hun ng
Transporta on and Warehousing
Management of Companies and Enterprises
Other Services (except Public Administra on)
Government
Retail Trade
Construc on
Accommoda on and Food Services
Manufacturing
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 10
Industry Characteris cs - Cont.
Top Industry LQ
Industry LQ
0.00 1.00 2.00 3.00 4.00 5.00 6.00
Informa on
Professional, Scien fic, and Technical Services
Finance and Insurance
Educa onal Services
Mining, Quarrying, and Oil and Gas Extrac on
Real Estate and Rental and Leasing
Administra ve and Support and Waste Management and Remedia on Services
Arts, Entertainment, and Recrea on
Wholesale Trade
Management of Companies and Enterprises
Accommoda on and Food Services
Health Care and Social Assistance
Government
Transporta on and Warehousing
Retail Trade
Other Services (except Public Administra on)
Construc on
Manufacturing
Agriculture, Forestry, Fishing and Hun ng
U li es
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 11
Industry Characteris cs - Cont.
Top Industry GRP
2018 Gross Regional Product
$0.000 $100.0M $200.0M $300.0M $400.0M $500.0M
Educa onal Services
Arts, Entertainment, and Recrea on
Mining, Quarrying, and Oil and Gas Extrac on
Management of Companies and Enterprises
Informa on
Administra ve and Support and Waste Management and Remedia on Services
Agriculture, Forestry, Fishing and Hun ng
Other Services (except Public Administra on)
Accommoda on and Food Services
Professional, Scien fic, and Technical Services
Real Estate and Rental and Leasing
Finance and Insurance
Transporta on and Warehousing
Wholesale Trade
Health Care and Social Assistance
Retail Trade
Construc on
Government
U li es
Manufacturing
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 12
Industry Characteris cs - Cont.
Top Industry Earnings
2018 Earnings Per Worker
$0 $50,000 $100,000 $150,000
Accommoda on and Food Services
Arts, Entertainment, and Recrea on
Other Services (except Public Administra on)
Educa onal Services
Administra ve and Support and Waste Management and Remedia on Services
Agriculture, Forestry, Fishing and Hun ng
Retail Trade
Real Estate and Rental and Leasing
Health Care and Social Assistance
Professional, Scien fic, and Technical Services
Informa on
Transporta on and Warehousing
Management of Companies and Enterprises
Construc on
Wholesale Trade
Government
Manufacturing
Finance and Insurance
Mining, Quarrying, and Oil and Gas Extrac on
U li es
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 13
Industry Characteris cs - Cont.
Government 4,393 4,574 181 +4%1.00 $65,837 $332.89M
Manufacturing 3,264 3,912 648 +20%1.64 $71,745 $545.30M
Health Care and Social Assistance 4,931 3,806 -1,125 -23%0.99 $46,961 $208.02M
Retail Trade 3,419 3,659 240 +7%1.19 $35,468 $243.25M
Construc on 2,368 2,726 358 +15%1.62 $62,396 $247.59M
Accommoda on and Food Services 1,914 2,286 372 +19%0.88 $17,397 $62.94M
Other Services (except Public
Administra on)1,690 1,867 177 +10%1.29 $21,569 $58.60M
Transporta on and Warehousing 1,166 1,285 119 +10%1.18 $57,435 $111.06M
Administra ve and Support and Waste
Management and Remedia on
Services
1,218 1,060 -158 -13%0.56 $33,034 $53.22M
Agriculture, Forestry, Fishing and
Hun ng 949 1,014 65 +7%2.85 $33,793 $53.68M
Wholesale Trade 913 834 -79 -9%0.75 $65,799 $154.24M
Professional, Scien fic, and Technical
Services 672 677 5 +1%0.34 $52,296 $64.59M
U li es 740 643 -97 -13%6.17 $169,988 $427.85M
Finance and Insurance 441 475 34 +8%0.39 $78,396 $102.32M
Management of Companies and
Enterprises 239 365 126 +53%0.84 $58,281 $23.93M
Arts, Entertainment, and Recrea on 376 363 -13 -3%0.69 $18,111 $12.87M
Educa onal Services 324 330 6 +2%0.43 $25,967 $11.05M
Real Estate and Rental and Leasing 216 246 30 +14%0.48 $36,263 $71.34M
Informa on 170 115 -55 -32%0.21 $53,919 $25.43M
Mining, Quarrying, and Oil and Gas
Extrac on 71 56 -15 -21%0.44 $86,975 $19.06M
Industry
2013
Jobs
2018
Jobs Change in Jobs
%
Change
in Jobs
2018
LQ
2018 Earnings
Per Worker 2018 GRP
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 14
Business Characteris cs
4,943 Companies Employ Your Workers
Online profiles for your workers men on 4,943 companies as employers, with the top 10 appearing below. In the last 12 months,
1,327 companies in Sherburne County, MN posted job pos ngs, with the top 10 appearing below.
XCEL Energy Inc.78
Allina Health System 77
Isd Corpora on 65
Target Corpora on 64
Wells Fargo & Company 57
Wal-Mart Stores, Inc.49
Cargill, Incorporated 48
Fairview Health Services 45
Unitedhealth Group Incorporated 44
Accurate Home Care 39
Top Companies Profiles
Elk River Area School District 204
Centracare Health 192
Atlas Staffing Inc 183
C.R. England, Inc.121
Teach For America, Inc.116
United Parcel Service, Inc.116
CRST Interna onal, Inc.106
Koch Trucking, Inc.104
LyM, Inc.101
Aerotek, Inc.97
Top Companies Pos ng Unique Pos ngs
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 15
Business Characteris cs - Cont.
Business Size
*Business Data by DatabaseUSA.com is third-party data provided by Emsi to its customers as a convenience, and Emsi does not endorse or warrant its
accuracy or consistency with other published Emsi data. In most cases, the Business Count will not match total companies with profiles on the summary
tab.
Percentage Business Count
A 1 to 4 employees 36.0% 915
A 5 to 9 employees 27.2% 692
A 10 to 19 employees 22.5% 573
A 20 to 49 employees 9.9% 253
A 50 to 99 employees 2.8% 70
A 100 to 249 employees 1.3% 34
A 250 to 499 employees 0.1% 3
A 500+ employees 0.1% 3
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 16
Workforce Characteris cs
Largest Occupa ons
Occupa on Jobs Na onal Average
0 1,000 2,000 3,000 4,000
Legal
Military-only
Life, Physical, and Social Science
Farming, Fishing, and Forestry
Arts, Design, Entertainment, Sports, and Media
Protec ve Service
Computer and Mathema cal
Community and Social Service
Architecture and Engineering
Healthcare Support
Building and Grounds Cleaning and Maintenance
Business and Financial Opera ons
Installa on, Maintenance, and Repair
Healthcare Prac oners and Technical
Personal Care and Service
Educa on, Training, and Library
Construc on and Extrac on
Management
Transporta on and Material Moving
Food Prepara on and Serving Related
Produc on
Sales and Related
Office and Administra ve Support
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 17
Workforce Characteris cs - Cont.
Top Growing Occupa ons
Occupa on Jobs Growth
0 50 100 150 200 250 300
Community and Social Service
Legal
Building and Grounds Cleaning and Maintenance
Protec ve Service
Arts, Design, Entertainment, Sports, and Media
Architecture and Engineering
Office and Administra ve Support
Educa on, Training, and Library
Computer and Mathema cal
Management
Installa on, Maintenance, and Repair
Farming, Fishing, and Forestry
Sales and Related
Business and Financial Opera ons
Transporta on and Material Moving
Construc on and Extrac on
Produc on
Food Prepara on and Serving Related
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 18
Workforce Characteris cs - Cont.
Top Occupa on LQ
Occupa on LQ
0.00 1.00
Computer and Mathema cal
Legal
Protec ve Service
Life, Physical, and Social Science
Business and Financial Opera ons
Arts, Design, Entertainment, Sports, and Media
Office and Administra ve Support
Healthcare Prac oners and Technical
Community and Social Service
Military-only
Sales and Related
Building and Grounds Cleaning and Maintenance
Healthcare Support
Architecture and Engineering
Food Prepara on and Serving Related
Installa on, Maintenance, and Repair
Transporta on and Material Moving
Educa on, Training, and Library
Management
Personal Care and Service
Farming, Fishing, and Forestry
Construc on and Extrac on
Produc on
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 19
Workforce Characteris cs - Cont.
Top Occupa on Earnings
2017 Median Hourly Earnings
$0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00
Food Prepara on and Serving Related
Personal Care and Service
Building and Grounds Cleaning and Maintenance
Farming, Fishing, and Forestry
Sales and Related
Healthcare Support
Transporta on and Material Moving
Military-only
Office and Administra ve Support
Arts, Design, Entertainment, Sports, and Media
Produc on
Protec ve Service
Community and Social Service
Educa on, Training, and Library
Installa on, Maintenance, and Repair
Construc on and Extrac on
Business and Financial Opera ons
Life, Physical, and Social Science
Healthcare Prac oners and Technical
Management
Architecture and Engineering
Legal
Computer and Mathema cal
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 20
Workforce Characteris cs - Cont.
Top Posted Occupa ons
Unique Average Monthly Pos ngs
0 100 200 300 400
Farming, Fishing, and Forestry
Legal
Life, Physical, and Social Science
Building and Grounds Cleaning and Maintenance
Healthcare Support
Construc on and Extrac on
Protec ve Service
Computer and Mathema cal
Architecture and Engineering
Business and Financial Opera ons
Arts, Design, Entertainment, Sports, and Media
Community and Social Service
Installa on, Maintenance, and Repair
Management
Personal Care and Service
Food Prepara on and Serving Related
Educa on, Training, and Library
Produc on
Healthcare Prac oners and Technical
Office and Administra ve Support
Sales and Related
Transporta on and Material Moving
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 21
Workforce Characteris cs - Cont.
Underemployment
Jobs Requiring Ed. Level Popula on at Ed. Level
0%10%20%30%40%
Graduate Degree and Higher
Bachelor's Degree
Associate's Degree
Some College, Non-Degree Award
High School Diploma or Equivalent
No Formal Educa on Required
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 22
Workforce Characteris cs - Cont.
Office and
Administra ve Support 3,161 3,214 53 +2%0.73 $17.08 159
Sales and Related 2,718 2,817 99 +4%0.94 $12.86 254
Produc on 2,471 2,737 266 +11%1.54 $18.39 137
Food Prepara on and
Serving Related 2,242 2,558 316 +14%1.01 $10.52 103
Transporta on and
Material Moving 2,164 2,306 142 +7%1.12 $16.83 486
Management 2,068 2,152 84 +4%1.26 $32.99 77
Construc on and
Extrac on 1,858 2,112 254 +14%1.52 $22.41 33
Educa on, Training, and
Library 1,882 1,948 66 +4%1.13 $21.24 124
Personal Care and
Service 2,132 1,783 -349 -16%1.37 $10.94 83
Healthcare Prac oners
and Technical 1,585 1,433 -152 -10%0.85 $32.03 151
Installa on,
Maintenance, and Repair 1,120 1,216 96 +9%1.03 $21.44 58
Business and Financial
Opera ons 964 1,102 138 +14%0.70 $28.84 34
Building and Grounds
Cleaning and
Maintenance
1,050 1,068 18 +2%0.96 $11.74 29
Healthcare Support 1,293 807 -486 -38%0.98 $14.99 30
Architecture and
Engineering 455 505 50 +11%0.98 $33.07 33
Community and Social
Service 451 455 4 +1%0.91 $20.69 41
Computer and
Mathema cal 362 443 81 +22%0.51 $34.71 33
Protec ve Service 410 432 22 +5%0.64 $20.30 33
Occupa on
2013
Jobs
2018
Jobs Change in Jobs
%
Change
in Jobs
2018
LQ
2017 Median
Hourly Earnings
May 2018 - Apr 2019
Unique Average Monthly
Pos ngs
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 23
Workforce Characteris cs - Cont.
Arts, Design,
Entertainment, Sports,
and Media
374 398 24 +6%0.71 $17.34 38
Farming, Fishing, and
Forestry 236 335 99 +42%1.48 $12.14 4
Life, Physical, and Social
Science 186 171 -15 -8%0.69 $30.04 17
Military-only 171 171 0 0% 0.92 $16.91 0
Legal 124 129 5 +4%0.52 $34.07 6
Occupa on
2013
Jobs
2018
Jobs Change in Jobs
%
Change
in Jobs
2018
LQ
2017 Median
Hourly Earnings
May 2018 - Apr 2019
Unique Average Monthly
Pos ngs
Economy Overview
Emsi Q2 2019 Data Set | www.economicmodeling.com 24