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8.1. EDSR 01-21-2020 Request for Action To Item Number Economic Development Authority 8.1 Agenda Section Meeting Date Prepared by General Business January 21, 2020 Amanda Othoudt, EDD Item Description Reviewed by Annual Report Cal Portner, City Administrator Reviewed by Action Requested Receive the EDA Annual Report presentation. Background/Discussion The Annual End-of-Year Report provides an overview of all projects completed and ongoing. Financial Impact N/A Attachments  2019 Annual End-of-Year Report The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity 2 2 The City of Elk River strives to proactively facilitate business growth, redevelopment, housing diversity, and reinvestment in our community. While business, job and wage growth remain robust, we will continue to reach for higher levels in 2020. We are honored by businesses who have chosen to locate in our community and we take pride in maintaining a close relationship with them long after their establishment has opened for business. To help us gauge the strength of our business climate, improve our services and identify opportunities to support and grow our local businesses, we made 26 Business Retention and Expansion (BR&E) visits this year! Elk River is a community of generous volunteers and our culture of going above and beyond expectations is often reflected in property maintenance and upkeep. The City Beautification Committee recognizes businesses that have made substantial investments to enhance overall aesthetics and maintain properties in an attractive manner. Two businesses received public recognition for their efforts in 2019. Our revolving microloan program continues to help local businesses grow. We are proud of our community partner, Patriot Converting, who utilized a $200,000 microloan for equipment purchases in 2015, their growth successfully resulted in full repayment and the availability of new funds for future loans. Throughout the year, we had 36 inquiries from companies for information on how to expand, relocate, or start a new business. Three of these prospects resulted in an industrial/commercial expansion, purchase, sale, or microloan applications. While some of the remaining prospects didn’t pan out, we continue to actively work with 15 of them to find the right solution for their company’s goals. In 2020, we look forward to attracting our targeted industries to our community and implementing our new Energy Incentive Program as a unique way to attract new industry, high wages and increase our tax base. In addition, we will start seeing nearly a half billion dollars of state, county, school district and city investments in our community. We will see the bulk of the project team planning, construction cost estimating, project phasing and scheduling for 169 Redefine, MnDOT’s massive plan to reconstruct U.S. Highway 169 into a full freeway through Elk River. In addition, the construction of a 150,000 square foot multipurpose community and athletic facility with community meeting and banquet rooms, exhibition/event opportunities, senior citizen programming, modern skating and hockey facilities, commercial lease space and a synthetic turf field house. Elk River’s Economic Development Authority is committed to the advancement of a strategic plan in 2020, which will define a roadmap to our future economic and community development. DIRECTOR’S MESSAGE Amanda Othoudt Economic Development Director 3 3 Economic Development Authority 2018 Annual Report Located at the convergence of two beautiful rivers and midway between Minneapolis and St. Cloud, we are served by U.S. Highways 10 and 169 and Minnesota Highway 101 with easy access to Interstate 94. The City of Elk River covers an area of 43 square miles with a population of 24,891 (2018). We are a community who takes outdoor recreation seriously. We have over forty parks with a myriad of opportunities from passive activities in our Bailey Point Nature Preserve and W.H. Houlton Conservation Area or active play in four athletic complexes. Residents and visitors of all ages enjoy our community parks with beaches, play structures, picnic pavilions and summer events like our rocking Riverfront Concert Series, weekly farmers market, and downtown’s annual Elk RiverFest. Our community is proud to consider themselves Powered by Nature, which is further reflected in our regionally -renowned Hillside Mountain Bike Park and Woodland Trails Regional Park which includes summer trails and winter cross country ski trails and a biathlon range. All of this is connected by 35 miles of paved hiking and biking trails. The Northstar Commuter Rail provides fast, reliable and convenient transportation to downtown Minneapolis in a relaxing atmosphere with free WiFi to make your trip to/from work or a Twins baseball game stress-free. Elk River is served by ISD 728, the eighth-largest school district in Minnesota serving nearly 14,000 students and over 50,000 lifelong learners. Elk River schools offer Science, Technology, Engineering and Math (STEM) program for elementary and middle school students and our test scores exceed state and national averages. Post secondary education opportunities abound to meet learning needs with through Anoka Technical College, Anoka-Ramsey Community College, University of Minnesota Twin Cities, and St. Cloud State University all within a short distance of Elk River. Electric and water utilities are served by Elk River Municipal Utilities, a three-time recipient of the American Public Power Association's prestigious Reliable Public Power Provider (RP3) designation with a 99.99% Average Service Availability Index. We are home to over 50 manufacturing facilities, two Fortune 50 Data Centers, and a variety of retail and service-oriented businesses. As a regional center, we are proud to have big-city amenities, services and programs with the exceptional quality of life of a small hometown. WHY ELK RIVER 4 4 Economic Development Authority 2018 Annual Report The city’s EDA was established on October 7, 1987, and is governed by seven commission members. Four of the commissioners are City Council members with three other members appointed by the Mayor from the community at large, serving six-year terms. After over seven years of service to our community, Commissioner Bryan Provo resigned in 2019. Brian was instrumental in growing our local economy and in the establishment of programs and policy initiatives to help facilitate our growth. We are excited to welcome our new Commissioner, Jeffrey Hartwig to the Economic Development Authority! DEMOGRAPHICS GOVERNANCE Population Unemployment Rate City of Elk River – 24,891 (2018) County – 3% (November, 2019) Sherburne County – 96,208 (2018) Minnesota – 2.9% (November, 2019) U.S. – 3.3% (November, 2019) Demographics Education Median Age 37.1 High School Graduate or Higher 94.5% Homeownership 77.4% Bachelor’s Degree or Higher 30% Median Household Income $85,974 Median Home Value $233,000 5 5 Employer Product/Service Total Employees Sportech Inc. OEM Snowmobile/ATV equipment 185 Morrell Transfer Specialized Freight 150 Crystal Distribution Manufacturing 150 Cargill Animal Nutrition Animal Food Manufacturing 130 Tescom Corporation Industrial valves 115 E & O Tool & Plastics Inc. Plastic injection molding 100 Metal Craft, Inc. Surgical & medical instruments 100 Forterra, Inc. Precast concrete products 109 Harvest Hill Beverage Company Bottled and canned soft drinks 84 Elk River Machine Machine Shop 80 Plaisted Companies, Inc. Sand & Gravel 75 Employer Product/Service Total Employees Walmart General merchandise 335 Menards Lumber & home improvement 140 Home Depot Lumber & home improvement 140 Cub Foods Grocery 115 Coborn’s Grocery 110 The Bank of Elk River Financial services 100 MAJOR INDUSTRIES Manufacturing is an important industry in Elk River. Metal fabrication, medical devices, furniture, plastics, concrete products, and OEM recreational vehicle body moldings are a few of our leading employers. Reflecting its exceptional telecommunications capacity, Elk River is home to two Fortune 50 data centers - Target and United Health Group. Elk River holds the State of Minnesota’s "Energy City" designation. As Energy City, we are the demonstration city for energy efficiency and sustainability. The following tables show the largest employers in Elk River in the production and distribution, retail, and healthcare industries. MAJOR EMPLOYERS—RETAIL 6 6 Employer Product/Service Total Employees Guardian Angels of Elk River Nursing care 402 Fairview Clinic 75 Allina Health Clinic 55 Elk River Senior Living Assisted Living 46 Beehive Homes Assisted Living/Memory Care 36 MAJOR EMPLOYERS—HEALTH CARE OCCUPATIONS IN ELK RIVER 7 7 2019 brought new ads, new trade shows, new videos, and new relationships. For the second year in a row, Elk River was front row in the Site Selector “Thriving in the North” trade magazine in partnership with the Minnesota Department of Employment and Economic Development (DEED). The two-page ad was one of 13 advertisements highlighting Elk River’s energy vibe and our targeted industries. ERMU’s transition to Minnesota Municipal Power Agency as their energy supplier provided an opportunity to promote further promote renewable and sustainable energy options. Overall, our marketing efforts reached over 450,150 subscribers for unprecedented cost per impression of just seven cents. Magazines Subscribers Cost Cost/Impression 13 450,150 $30,791 $0.07 MARKETING 8 8 In 2019, DEED hosted two FAM tours; one in Dallas, which we attended along with eight other partners including representatives from DEED. The group participated in seventeen meetings in the Dallas/Ft. Worth area. Meetings were with traditional site selectors, private equity/venture firms focused on industries where Minnesota excels (e.g. medical device), and Dallas-headquartered firms with Minnesota operations. The other FAM tour was held in Chicago which we attended along with eight other communities and two DEED representatives. The group participated in twelve meetings which included visits with traditional site selectors and venture capitalists. DEED hosted a luncheon which was attended by over a dozen representatives from various consulates. This year we attended DCD Dynamics in New York along with DEED. This was a new event which brought the opportunity to meet with representatives from Minnesota Municipal Power Association who presented at the event. Elk River continued to sponsor Elk River Extreme Motor Park, the EDAM winter and summer conferences, and the Elk River Chamber Golf Tournament, the MNCAR expo, and the Energy and Data Center Real Estate Journal Summits and co-hosted one site tour with McGough Construction. Also in 2019, we moderated the Joseph Pilewski roundtable discussion at the annual MAEDC Competitive Conference. EDA materials were rebranded by city communications, to create a new feel which will be utilized in promotional materials and in Powered by Our Business and Business Retention and Expansion videos. All EDA videos will now have a consistent look so viewers will easily recognize us. The 2019 Community Profile was revised with updated statistics and distributed in the EDA Signature packets at trade shows and conferences. The 2020 Welcome Packet will be available for distribution in early 2020. We also created an Elk River Swag Box, which includes eight items made in Elk River. Items include a keychain from Metal Craft, a sand box from Plaisted Companies, a bar of soap from Caroldon Soap Co., a honey bear from Bee Sweet Honey, a bath bomb from Realistic Expectations, a wood ornament from SewMuchMoreStore, a pencil holder from Forterra, and book, The Ladybug Hug by local author Katie Shatusky. Twenty oak boxes, with the Elk logo engraved on the top, were made by a local resident. MARKETING (continued) 9 9 Youth Skills Training Grant ISD 728 was once again awarded a $95,000 Youth Skills Training Grant through the Minnesota Department of Labor and Industry (DLI). The grant period for training started on July 1, 2019, and will run through June 30, 2021. We are excited to expand manufacturing opportunities for students through strong partnerships with ISD 728, the Elk River Area Chamber of Commerce and local employers. The grant is designed to expose youth to in-demand career opportunities in advanced manufacturing while building marketable skills and competencies in the workplace. The focus on partnerships between local employers and the high schools will increase awareness of high-growth, high-demand career opportunities in manufacturing. Middle and High School students will learn about manufacturing careers through industry tours, job shadowing, classroom speakers and career fairs. The project will also provide juniors and seniors in industrial technology classes the opportunity for paid internships as a student learner through DLI and to complete OSHA 10 Certification. Building strong business partnerships is vital to ensuring students receive a true learning experience and supportive supervision on the job. Manufacturing Workforce Partnership We actively participate in the regional Manufacturing Workforce Partnership which focuses on building partnerships among stakeholders of the Minnesota manufacturing industry. The collective goal is to restructure and accelerate the Minnesota workforce education system to better meet the demands of Minnesota's manufacturing industry. Community Profile The Elk River Community Profile was updated in February of 2019 and is distributed to site selectors, consultants, prospects and to business owners in our local community. Connect the Dots Scholarship Fundraiser Event For the past three years, the Elk River EDA along with Sherburne County and the Elk River Area Chamber of Commerce and have par- ticipated in the Connect the Dots Scholarship Fundraiser event. Each year, several students are awarded scholarships though the Anoka Tech Foundation. 2019—YEAR IN REVIEW 10 10 Business Survey At the request of the EDA, the Elk River Area Chamber of Commerce completed a business survey to better understand the experiences of business owners, contractors, developers, and service professionals who have developed, expanded, built new commercial property, or otherwise engaged with the city in the preceding 60 months. The survey found areas where we can improve our processes, policies, provide educational opportunities, and improve communication with our local businesses. Energy Incentive Program – Adopted A new energy incentive was created in 2019! The Energy Incentive Program offers a savings to qualified applicants on their Elk River Municipal Utilities electric bill for up to two years. Beautification Award – Die Concepts Fred and Sherri Trapp, owners of Die Concepts, Inc., received the City Beautification Award in May. In 2016, they had a vision and desire to completely renovate a tired and vacated former industrial building near Line Avenue and Twin Lakes Road. Utilizing the an EDA microloan and a forgivable loan, they fully renovated the building, landscaped the property and relocated their operations to Elk River. Beautification Award – The Bank of Elk River The Bank of Elk River Freeport Street location was recognized with the July City Beautification Award. The Bank of Elk River made multiple updates over the past few years including their rebranding with new exterior signage and updated logo. Exterior improvements included repainting and fencing removal. The bank also made a number of impressive and significant interior renovations. Mr. David Black accepted the award. 2019—YEAR IN REVIEW (continued) 11 11 2019—YEAR IN REVIEW (continued) Verizon Cell Tower – Temp Lease Agreement The EDA approved a temporary lease agreement with Verizon Wireless to construct a temporary cell tower on EDA property. The Verizon cell tower is currently located on property owned by Great River Energy, however they are in the process of de- commissioning their waste-to-energy electrical power plant requiring the need for a new home for the tower. The temporary site will allow Verizon to maintain wireless service in Elk River while they search for a permanent location. Distinctive Iron Microloan The EDA approved a $100,000 Industrial Incentive Microloan for Distinctive Iron, LLC., a woman-owned and operated company that designs, fabricates and installs structural and miscellaneous metal products. They purchased and renovated an existing building and constructed a 4,680 square foot indoor paint facility. They invested $1,529,480 to purchase, renovate and construct the new facility, while retaining 14 full time employees and two part-timers. Distinctive Iron anticipates bringing on five new full-time jobs in the next two years. The project added roughly $135,000 in taxable value and increased taxes by about $4,944 annually. Public Art Survey Data The EDA expressed a desire to support and encourage public art by engaging the community in a public art sur- vey. The survey results were released in early October and indicated 56% of the community would like to see more public art displayed in downtown Elk River. A nature theme in either a mural or sculpture medium was most popular. A grant will be submitted to the Central MN Arts Board in early 2020 for a potential fall art installa- tion. EDA Strategic Plan The EDA desired to embark on a strategic planning process to connect existing community plans and to incorpo- rate them into their vision for the community. Following a request for proposals, a facilitator was selected to work with the EDA utilizing the city vision, Mississippi Connections Plan, FAST Study, Comprehensive Plan, Parks and Recrea- tion Plan, Capital Improvement Plan, and other relevant studies that have set goals and objectives for economic growth and sustainability. The catalyst to creating an EDA strategic plan is to better understand future development in conjunction with the 169 Redefine project. Proposals are due March 2020. Welcome Packet Staff created a Welcome Packet in 2019 to provide information to our new and existing business owners on the resources and programs available to them from the city. Information in this packet will also help assist them with any future expansion of their facility. 12 12 Business Retention and Expansion (BR&E) Visits The city and its EDA Commissioners have long understood the importance of conducting Business Retention and Expansion (BR&E) visits. These visits help build relationships between elected officials, city staff, the EDA and local businesses. These meetings included formal surveys, informal meetings and facility tours. Our local business owners and community development staff have found the informal visits to be very beneficial. GreaterMSP, a regional economic development partnership, collects and reports data from all BR&E visits within the partnership as well as other economic data to increase the competitiveness our the business climate in the Twin Cities area. The following report highlights responses from key questions asked during our visits. BR&E visits are intended to demonstrate our support for local firms, assist in resolving immediate business concerns, and identify process and policy improvements to improve our business climate. Business Details In 2019, we conducted 26 BR&E visits with a focus on newly-established businesses. The business sectors visited included manufacturing, retail trade, health care, construction, professional services, financial and food services. Of the businesses we visited, 62% owned their buildings and 38% leased. Over 42% of the companies indicated their 2019 sales increased over the previous year while 58% indicated sales were relatively stable. Of the 24 companies reporting, 12% indicated that business ownership has changed. BUSINESS RETENTION 13 13 Strengths of the Community The survey asked questions regarding the strengths and weaknesses of the community. A sampling of responses on community strengths are listed below. Visits also revealed some of the perceived community weaknesses, which included concerns with the local taxes, sewer/water access fees (SAC/WAC) and the closure of the Great River Energy waste-to- energy power plant. Strengths of the Community (10 responses) Great community loved Elk River Fest! Have been in Elk River for 15 years! The city is good to work in. Love Elk River! The plowing is good downtown. One suggestion on parking is to move 3 hour parking to the street. Loves the community, is active in the chamber and community events. Love the River Commons expansion, farmers market, connectivity, quiet zone. Small town feel. Great community. Family lives here, close to the cities, small town feel, schools are good, loves the Woodland Trails. 2019 SURVEY DATA REPORT BASED ON 26 BR&E 14 14 Introducing new products and services are vital to keeping businesses competitive and innovative. 27% of businesses reported they introduced new products and services. New products included sand and gravel mixtures, new beer flavors and quality controls. Major products/services (25 responses) Beer Clock repair Cellular phones Batteries Bakery Steel fabrication Heavy manufacturing They finish doors which are made over seas Aerospace and medical device parts Auto Sales Trucking company —biggest client is Forterra, a concrete company Non profit Medical device components and aerospace components Restaurant Dental services Paper products Sand and gravel—sand for golf courses, baseball fields Law firm Plastic injection molding Restaurant Gear manufacturing —engineer to spec Cellular phones Design and engrave monuments Mail Design delivery material handling Briefly describe new products (7 responses) New flavors of beers Quality control - they can inspect other companies products New contract to do FDA registered implantable. They have a machine that can now deburr castings. They have developed new sand and gravel mixtures. They expanded into overseas markets in Canada and Europe. PRODUCTS AND SERVICES 15 15 On average, there were 43 full-time employee equivalents per business of the 17 companies reporting. Of those, 46% indicated that they plan to hire new employees in the next 2-5 years. More companies are seeing steady em- ployment. The major concerns employers expressed in 2019 were finding skilled workers, employees leaving for local competition, and having employees willing to work. EMPLOYMENT AND WORKFORCE Number of Employees hired during the last year (For companies with increase) 8 3 8 20 5 50 16 16 Of the 26 businesses visited in 2019, 15% export their products. The fastest growing market served is our local market, while 23% of the businesses serve customers within Minnesota, and 27% of the businesses surveyed serve customers on a national level. MARKET INFORMATION 17 17 When asked about future investment plans, four businesses indicated plans to renovate or expand their current facilities in the next few years. Four businesses indicated they plan to invest in major equipment purchases and two stated they plan to invest in a new facility. Investment Details (7 responses) They would like to purchase new bakery equipment - mixer. They would like more warehouse space. They expanded a couple years ago so have room for more machines. They would like to purchase more equipment, but need employees to run them. They are interested in expanding their practice, there is space. They would like to expand and stay in their current location. Utilize some of their office space to expand manufacturing floor. INVESTMENT PLANS 18 18 Since 2015, the city has approved $3.8 million in financial incentives, which leveraged $42.6 million in private capital investment. Those projects receiving public assistance accounted for the retention of 379 jobs at an average wage of $20.62 per hour and created 227 jobs at an average wage of $20.53 per hour. Over $35.3 million of taxable value has been created by commercial/industrial projects developing over 64 acres of land. In 2019, $100,000 in financial incentives were approved, resulting in just over $1.3 million in private capital investment. Of the projects receiving financial assistance, the city assisted with retaining 16 jobs at an average hourly wage of $20.62 per hour, and creating five new jobs at an average hourly wage of $18.80 per hour. In 2019, five new commercial/industrial buildings were built or are currently under construction with a valuation of $25,827,943 which includes the city’s new multipurpose facility. We also had 41 remodels and additions to existing commercial and industrial businesses. PROJECT TRACKING 19 19 The city has a limited supply of publicly-owned commercial and industrial property. The EDA currently owns seven parcels of commercial and industrial property. Three acres of commercial property is located along Highway 10 frontage near Elk River’s Westside Liquor, and 32.87 acres of light industrial property in both Northstar and Natures Edge Business Parks. Sherburne County owns 42 acres of shovel-ready property within a city-zoned business park where 33 acres of the property is guided for data center development. Monthly listing email broadcasts are sent to commercial realtors and brokers. On average, each month, 865 real estate professionals receive the emails, and 118 agents open our broadcasted emails. According to Catalyst Research, a Minnesota Commercial Real Estate-driven database, there are 12 privately- owned commercial and industrial parcels of land for sale totaling 103.53 acres in Elk River. Commercial and industrial inventory is limited with only 5 existing properties for sale totaling 98,897 square feet. In 2019, 14 properties sold, which includes both existing properties and land sales totaling $17,454,012. AVAILABLE LAND 20 20 City of Elk River | 13065 Orono Parkway, Elk River, MN 55330 | 763.635.1000 | ElkRiverMN.gov COMMUNITY PROFILE X . lz aft ELK RIVER, MINNESOTA NATURE -COMMUNITY -RECREATION Take Part in our Growth Steady growth is essential to the economic vitality of Elk River. In 1990, Elk River had approximately 11,220 residents, today there is over 24,505 residents. Elk River Population Business comes naturally to Elk River. So much so that we've become one of the fastest growing business communities in Central Minnesota. Since our incorporation in 1881, transportation has played a significant role in the growth of this business - friendly community. Located on US Highways 10, 159 and Minnesota 101, and dose proximityto Interstate 94 and MSP International Airport, makes us the ideal address for outward -migrating companies from Minneapolis, 5t. Paul, 5t. Cloud and beyond. Elk River also offers a wealth of housing opportunities, from new construction to century -old colonials, you'll find homes of all styles and price ranges which drives our thriving and diverse population. We're confident you'll find a community powered for progress and a city powered by nature. 46 P/o GROWTH over the past 2 decades 4.n - :" GET TO KNOW OUR COMMUNITY You'll enjoy getting to know the people of Elk River. We are welcoming, enterprising, and thriving - not to mention young and educated, too! The median age in Elk River is approximately 35, while two thirds of our workforce (69%) has completed some level of postsecondary education, with the majority earning a bachelor's degree or above (30%). Just take a look at the numbers: ■o it 37.1 MEDIAN AGE State of Minnesota - 37.9 Educational Attainment Nigh School Graduate or Nigher Median Household Income $85974 ELK RIVER (300%) 8.4% Bachelors Degree Graduate Degree or Nigher or Nigher THE ELIC RIVER VISION A welcoming spirited reso community $65,,699 STATE OF MN OPPORTUNITIES IN EDUCATION Independent School District 728 Minnesota's eighth largest school district, ISD 728 is a progressive district located 35 miles northwest of Minneapolis. Proudly serving more than 13,000 students and more than 50,000 lifelong learners in all or parts of Albertville, Dayton, Elk River, Otsego, Ramsey, Rogers, St. Michael, Zimmerman and Nowthen and the townships of Big Lake, Baldwin, Livonia, Orrock and Stanford. Ten elementary schools, five middle schools and four high schools provide opportunities for ALL learners to discover and develop their unique talents. l5Q 728 offers: ■ Comprehensive curriculum that combines arts with academics, early childhood - grade 12. ■ All -day, every day 6.5 -hr kindergarten program. ■ World language courses in Spanish, French and German. ■ Advanced Placement and College in the Schools. ■ Career Technical Education {CTE} programs. ■ Gifted and Talented services. ■ AVID (Advancement Via Individual Determination) college readiness program, grades 8-12. • STEM (Science, Technology, Engineering and Mathematics) elementary and middle schools. r Minnesota Reading Corps: providing trained literacy tutors for children age 3 to grade 3. ■ EdVenture Club: Before and after school enrichment and childcare for grades K-5. ■ Online courses and flexible scheduling. On state and national exams, ISD 728 students continue to outperform the majority of their peers locally and notionally. In 207 7, ISD 728 students ranked... *1 IN MINNESOTA in math of the top 10 school districts in enrollment 1 00,11" A AND #3 reading and science BE ISD 728's Mission Our mission is to educate, inspire and empower our diverse learners, to shape theirfutures, to accomplish their dreams and to contribute positively to our local and global communities. We take great pride in Community Education programming, which serves all learners, from pre-schooler to senior citizen. THE NATURAL CHOICE FOR BUSINESS Elk River has Iong been the natural choice for business. We attract Occupation In Elft River employers from a variety of different industries, with two Fortune 50 data centers, two medical device technology manufacturers, four Computer Programmer $39.66 energy-related companies and a high concentration of metal product At I fabrications already are a part of our flourishing business community. Tool & ole Maker $28.20 Located close to the Twin Cities and St. Cloud with a lot of room to machinist $24.49 grow, Elk River is investment ready, with plenty of space available for retail, commercial, and industrial expansion. welder= $22.41 Top Indus Employmf Transportation and Warehouse Administrative Support Constructio Office Clerk $17.10 A— triers Public f %. Administration r Health Care and Accommodation/ Social Assistance Food Services ri 990 I $17.04 Workforce & Unemployment Rates People in unemployment Workforce Rate Sherburne County 50,681 3.9% Minnesota 3,063,604 3.5% United States 160,319,750 4.4% NOv Mber2018 The Convenience of Location Elk River makes business fun and accessible. Besides being located just 35 miles outside of Minneapolis, we offer a variety of transportation options to make business much more accessible for new and expanding organizations. ■ Easy access to sports stadiums ■ Short ride to arts, culture, and shopping • Located on three major highways - U5 10, U5 169, and MN 101 - within minutes of 1-94 ■ Three airports, including MSP International Airport, within 60 miles ■ Freight rail transit via BNSF Railway and Canadian Pacific Railway, both Class I Railroads ■ Light rail transit via the Northstar Commuter to Minneapolis, Coon Rapids, Fridley, Blg Lake and 5t. Cloud From Elk River's amazing outdoor amenities to its thriving economic environment there's so much to love about this city. For years however, one thing residents have indicated we're lacking is a large community celebration - thus Elk RiverFest was born in 2018. The inaugural Elk RiverFest celebration drew more than 5,000 people to enjoy food, drinks, vendors, kids activities, and live music, all capped off by a fantastic fireworks display. Elk River's historic downtown is an ideal location for the event, as residents can patronize the local small businesses along Main Street, enjoy the picturesque views of the Rivers Edge Commons Park nestled along the banks of the Mississippi, and engage with friends and neighbors who all share the same love and pride of our beautiful city. Based on the overwhelmingly positive feedback from the inaugural Elk RiverFest, the city council has decided to continue the tradition on the first Saturday of July. City staff has gathered feedback and are excited to add enhancements to ensure this free community festival is bigger and better in 2019. J101: q . f s Nature is central to Elk River's community — with a full complement of indoor facilities including a 2 -sheet ice arena, --1 PARKS a 55+ Activity Center, banquet space, outdoor concerts, and COVERING ALMOST 1,300 ACRES recreational leagues for all ages, recreation is our nature. Our residents value the great outdoors and the active lifestyle Mother Nature shares. Whether hiking, biking, skiing or Wkayaking, there is something for all. 3 a 0 #° MILES OF PAVER ; �" -- WALKWAYS AND A MYRIAD ` { OF HIKING AND F i•- '�� r BIKING TRAILS ,Y --- THROUGHOUT THE CITY r V �;v �►191 t +riwcr�a i� iu Hillside Park Home to six miles of challenging mountain bike trails that travel through eight acres of oak forest, Hillside Park is regarded as one of the best mountain bike parks in the Upper Midwest. Orono Park (Featured on previous page) Orono Park is 45 acres in size and includes a fishing pier, swimming beach, sand volleyball courts, dog park, mature oak trees and a destination playground. Launch your boat to enjoy fishing, water skiing, paddle boarding, kayaking, and other water activities. [ A Destination Park] i.................................� Rivers Edge Commons Park ■ Mississippi River ■ Amphitheater ■ Splash Fountain ■ Picnic Gazebo ■ Weddings ■ Riverfront Concerts 340ACRE PARK Woodland Trails Regional Park * ■ Walking ■ Paved Biking Trails -M ■ Cross -Country Skiing ■ Bird Watching ■ Photography . ......................................... Contact Information City of Elk River, MN Economic Development Department 763.635.1000 Fallow us @ElkRiverED 0 Visit us at E1kRiverMN.gov 2019 Community Profile