Loading...
HomeMy WebLinkAbout05/24/2018 EDA Meeting••• •••• ••••• •••• ••• Apple ��ey Meeting Location: Municipal Center 7100 147th Street West Apple Valley, Minnesota 55124 May 24, 2018 ECONOMIC DEVELOPMENT AUTHORITY REGULAR MEETING TENTATIVE AGENDA 6:00 PM 1. Call to Order 2. Approve Agenda 3. Approve Consent Agenda Items Consent Agenda Items are considered routine and will be enacted with a single motion, without discussion, unless a commissioner or citizen requests to have any item separately considered. It will then be moved to the regular agenda for consideration. A. Approve Minutes of March 22, 2018, Regular Meeting 4. Regular Agenda Items A. Review and Discuss Economic Development Chapter of 2040 Comprehensive Plan B. Authorize Community Development Director Bruce Nordquist to participate in an Economic Development Roundtable Between Greater MSP and Greater Memphis 5. Staff Updates 6. Adjourn Regular meetings are broadcast, live, on Charter Communications Cable Channel 180 and on the City's website at www.cityofapplevalley.org APPVaIIey ITEM: EDA MEETING DATE: SECTION: 3.A. May 24, 2018 Consent Agenda Description: Approve Minutes of March 22, 2018, Regular Meeting Staff Contact: Joan Murphy, Department Assistant ACTION REQUESTED: Approve minutes of regular meeting of March 22, 2018. Department/ Division: Community Development Department SUMMARY: The minutes of the regular Economic Development Authority meeting are attached for your review and approval. BACKGROUND: State statute requires the creation and preservation of meeting minutes which document the official actions and proceedings of public governing bodies. BUDGET IMPACT: N/A ATTACHMENTS: Minutes ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota March 22, 2018 Minutes of the regular meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held March 22, 2018, at 6:00 p.m., at Apple Valley Municipal Center. PRESENT: Commissioners Bergman, Goodwin, Grendahl, Hamann -Roland, Hooppaw, Johnson and Melander ABSENT: City staff members present were: Executive Director Tom Lawell, Community Development Director Bruce Nordquist, Finance Director Ron Hedberg, Planner/Economic Development Specialist Alex Sharpe and Department and Assistant Joan Murphy. Meeting was called to order at 6:00 p.m. by President Hooppaw. APPROVAL OF AGENDA MOTION: of Hamann -Roland, seconded by Bergman, approving the agenda. Ayes - 7 - Nays - 0. CONSENT AGENDA MOTION: of Hamann -Roland, seconded by Grendahl, approving the minutes of the meeting of January 25, 2018, as written. Ayes - 7 - Nays — 0. OPEN TO BUSINESS PROGRAM Community Development Director Bruce Nordquist introduced Laurie Crow, Business Coordinator with Open To Business (OTB). Ms. Crow provided an update on how the program is progressing in Dakota County and made comparisons to surrounding counties. The program is offered through the Metropolitan Consortium of Community Developers (MCCD), and helps small businesses and entrepreneurs that need individual advice and counseling, and access to capital that is not available from the commercial banking system. Small businesses and entrepreneurs generate a significant number of jobs and income, but are often unable to obtain traditional funding because they are considered too risky by many lending institutions. The technical assistance and financing network offered by MCCD can make a difference in creating a successful business. Ms. Crow reported on the successes of the OTB program in Apple Valley and introduced Mikey Fornicoia from Brown Box Tees. Mr. Fornicoia spoke of his experiences of opening a business and how the program helped him. Discussion followed. Economic Development Authority City of Apple Valley Dakota County, Minnesota March 22, 2018 Page 2 2040 COMPREHENSIVE PLAN UPDATE Community Development Director Bruce Nordquist introduced the Economic Development chapter. He said in 2008, for the 2030 Comprehensive Plan Update, an "Economic Development" Chapter was added, one of the first in the Region, to include a strategic plan on this topic. Much of that framework will continue, highlighting: • The $110 million in business attraction, retention and expansion observed from 2011 to 2015 that paralleled the launch of the Red Line and completion of 147th Street. • Significant expansion, investment and employee growth at Uponor and Wings Financial. • Apple Valley's strength in its primary retail trade area of approximately 7 miles where an estimated population of 230,000 with an annual income of $98,590 presently resides and is growing. • The redevelopment of the 414 acre active mining area centered at CSAH 42 and Johnny Cake Ridge Road as a mixed business campus; and the efforts by the owner, Rockport LLC, to attract medical services as a dominant user. • The redevelopment of the 60 acre Hanson Concrete/Menard parcel, to be redeveloped as a proposed mix of home improvement supply retail and industrial uses adjacent to a fuel storage facility. The Chapter will also expand in the following areas: • Addressing business climate change; long term sustainability and resilience, the trend toward the retailization of medical services which Apple Valley is well positioned for, facilitating a trained workforce matching demand, and a continuation of pro-business relationships. • Encouraging retail place making that offers experiential amenities and tenant mix. • Selective redevelopment and vertical mixed use in our transit station area while also protecting established adjacent uses. • Recognition that significant technological advances are anticipated in use of vehicles, the delivery of people, goods and services and communication. • Continue as a Green Step City leader in sustainability, resilience and energy conservation. Since 2010, every business client meeting with staff has received a copy of the Economic Development Chapter. Staff will continue to pursue the positive aspects of competition with cities to attract and retain business, and people, as the best city to live, work, shop, learn and recreate. Many cities may add an economic development chapter but few will have our successful experiences to date in the use of the Chapter. Apple Valley continues to display a strong brand where you can Plant — Grow — Prosper! Discussion followed. ADJOURNMENT MOTION: of Melander, seconded by Bergman, to adjourn. Ayes - 7 - Nays - 0. Economic Development Authority City of Apple Valley Dakota County, Minnesota March 22, 2018 Page 3 The meeting was adjourned at 6:46 p.m. Respectfully Submitted, /s/ Joan Murphy Joan Murphy, Department Assistant Approved by the Apple Valley Economic Development Authority on Clint Hooppaw, President APPVaIIey ITEM: EDA MEETING DATE: SECTION: 4.A. May 24, 2018 Regular Agenda Description: Review and Discuss Economic Development Chapter of 2040 Comprehensive Plan Staff Contact: Bruce Nordquist, Economic Development Director, Al CP ACTION REQUESTED: No action. Review and feedback sought only Department/ Division: Community Development Department SUMMARY: A draft Economic Development Chapter has been prepared by the City Consultant, SRF. It follows the Economic Development Chapter of the 2030 Comprehensive Plan and mentions new trends and directions with a strategic plan, staff has restated strategic priorities and will adjust the narrative to coincide with the following: 1. Attract large employers to the Mixed Business Campus 2. Investment in the Downtown quadrants; a retail hub of attraction, retention and expansion. 3. By design, make the superblocks characteristic of the Downtown quadrants, more accessible and offer ease of movement for vehicles, bikes and pedestrians. 4. Develop connections regionally, nationally and globally given proximity to the airport and continue to encourage effective transit service expansion and fiber optic deployment. 5. Support and develop well educated and trained workers that match job availability and next generation job growth. 6. Develop economic resilience that adapts to trends in business climate and the unknown natural disasters that could affect City and business services and operations. Staff is soliciting feedback and discussion by sharing these draft strategies and chapter. BACKGROUND: N/A BUDGET IMPACT: N/A ATTACHMENTS: Background Material Economic Development Introduction Land use planning is not sufficient to address the economic development and redevelopment needs of Apple Valley. In this chapter, the City outlines strategies to create jobs; expand the property tax base; attract and retain businesses and industry; and enhance the image of the community. Since the City was incorporated in 1969, Apple Valley has become a major hub of commercial activity in the south metropolitan area. The City is well served by large retailers and smaller niche businesses that bolster community identity and add to the residents' quality of life. Apple Valley is routinely named by Money Magazine as one the "Best Places to Live". In 2013, it was ranked 17 out of the 50 cities that were recognized. This recognition is partially due to the vibrant local economy and amenities. Maintaining a vital economy requires focused planning and continued investment. Strategic Plan There are six pillars to the economic development plan. They are summarized below and expanded upon at the end of the chapter. 1. Attract large employers to the Mixed Business Campus The main goal of Apple Valley's economic development strategy is to increase local employment; specifically, to increase the number of jobs that pay well enough to sustain household. Attracting large employers to areas adjacent to Downtown will counter the effect of out -commuting and improve the jobs/housing balance. The Twin Cities metro is an attractive headquarters for national and regional businesses, including hospitals and supporting medical offices, corporate offices, and manufacturing. With available land and a clear vision for redeveloping the Fischer Mine into a mixed -business campus, Apple Valley is the best regional location for these uses. With great places to live, play, shop, and do business, Apple Valley already has many qualities that are valued by prospective employers and working families, but more can be done to build on the city's employment potential. Imagine Apple Valley 2040 Apple Valley Economic Development 11 2. Unify the Downtown through infrastructure and design The layout of Downtown is defined by large quadrants focused around Apple Valley's most important intersection, Cedar Avenue and County Road 42. These wide highways convey high volumes of traffic, limiting connectivity and cohesion. The City must respond to increasing traffic and congestion in a way that strengthens connectivity and prevents conversion to a grade separation and a freeway -like environment. Where feasible, multimodal connectivity should be enhanced across Cedar Avenue and County Road 42; however, some treatments may be prohibitively expensive and/or ineffective, given Downtown's established structure and function. Because heavy traffic limits the potential for "main street" style development on Cedar Avenue, it may be more feasible to make improvements within the surrounding superblocks. Breaking up these superblocks will support redevelopment opportunities by creating flexibility for a variety of smaller users to take root. The Downtown design guidelines provide a framework for guiding the transition of Downtown to a more walkable, sustainable business center. Enhancing multimodal facilities, extending the Ring Route design concept, and developing connections between Downtown and surrounding neighborhoods will strengthen cohesion and further develop the identity of Downtown. Imagine Apple Valley 2040 .r• .... Apple Valley • OAD 421150TH ST W Economic Development 12 3. Reinvest in Downtown, adapting to changing retail trends The nature of American retail is changing. Thanks largely to the rise of e-commerce, many brick -and -mortar specialty chains, including Macy's, Best Buy, Toys R Us, and Sears, are shuttering. While a pattern of extensive commercial value decline is not evident in Apple Valley, some properties are vacant or underperforming. Others can be expected to become obsolete over the next 20 years without a strategy to redevelop/repurpose them. Revitalization will run the gamut from adaptive reuse of serviceable structures, to larger -scale rehabilitation and redevelopment. The City prefers to implement market-based solutions when possible. In some cases, the City will leverage tax incentive policies, such as tax increment financing (TIF), to prepare sites for redevelopment and attract additional investment from the private and public sectors. Development and redevelopment will be guided by enduring partnerships between the City, private business, and other stakeholders. 4. Develop connections within the Twin Cities metro and beyond To succeed in a globalized economy, Apple Valley must enhance and maintain connections to the Twin Cities metro and beyond. Some connections are physical. Others are social, economic, financial, or digital. In a digital society, most communication relies on fiber optics, satellite, and wireless systems. Global enterprise is data -driven, and the amounts of data which are created, processed, and consumed grow every day. As more data is produced, processed, and shared, Apple Valley must continue to expand its digital communication networks. Likewise, it is essential to maintain and expand transportation connections. Apple Valley benefits from its regional highway location. The extension of the Red Line bus rapid -transit (BRT), with service to the Mall of America and other regional destinations, is a key catalyst for economic development in and around the Cedar Avenue corridor. Leveraging and expanding these and other networks will make the City more profitable and create new value that will retain our competitiveness in the region and the world. Imagine Apple Valley 2040 .a.. a.. a. •aaa Apple Valley Economic Development 13 5. Support STEM -related businesses and workforce development Traditional retail development — national chains and local businesses — will be only one part of the business community profile of the future. In the knowledge economy, the City will need to lead and attract new business investment that advances the themes of science, technology, engineering, and math (STEM disciplines). These professional disciplines provide good incomes, which is a key part of Apple Valley's overall economic development strategy. Apple Valley is committed to supporting STEM initiatives through business development, financial investment, education, and workforce training. 6. Develop economic resilience The economic strength of Apple Valley is derived from its connections to regional, national, and global economies. When conditions in these economies change, the City is affected. The last recession is a prime example. Developing resilience will help Apple Valley withstand future shocks to the local economy. Apple Valley can build resilience by implementing policy initiatives that diversify local industry, increase access to local employment, reduce reliance on long- distance car travel, and develop the ability of workers to adapt to changing economic conditions. Another strategy, discussed above, is to expand and diversify the infrastructure which supports economic function, including energy systems, broadband networks, and high-quality housing. Regional Economy Economic development does not happen in a vacuum. Apple Valley is part of a thriving, broad- based regional economy. Understanding regional industry strengths will help the City narrow its economic development strategies, target investments, and position itself as a favorable partner with key actors in regional industry. The U.S. Cluster Mapping Project identifies concentrations of related industries within the Twin Cities Metropolitan Statistical Area and Dakota County. Cluster industries are linked through supply/production chains, supporting institutions, and positive economic spillover effects. Several clusters in the Twin Cities Metro (MSP) have expanded employment in the last two decades, including Business Services; Education and Knowledge Creation; Distribution and Electronic Commerce; Marketing, Design, and Publishing; Performing Arts; Biopharmaceuticals; Oil and Gas Production and Transportation; and Medical Devices. These clusters are traded, meaning they primarily produce goods and services for export. Developing traded clusters is important because they often support higher wages and they induce economic growth in other industries. Imagine Apple Valley 2040 .a.. a.. a. •aaa Apple Valley Economic Development 14 The largest cluster is Business Services, with more than 200,000 employees. The Twin Cities metro has the largest concentration of corporate headquarters per capita in the United States. The strongest cluster is Medical Devices, which ranks third in the nation compared to similar metros. This cluster is powered by companies such as Medtronic, Boston Scientific, and 3M. Economic development activities should dovetail with regional strengths, such as Business Services, Medical Devices, and other cluster industries. Figure 6.1 provides depicts cluster linkages in the Twin Cities metro. The strength of each industry is determined by its location quotient, a which is a measure of local employment/production relative to the national average. All industries identified in green have a location quotient greater than 1.0, indicating that that they have a relatively stronger presence in the Twin Cities than elsewhere in the United States. The strongest industries are identified in dark green. Table 6.1 provides more in-depth information about employment, wages, and subcluster linkages. Most of these clusters saw expanded employment from 1998-2015. The U.S. Cluster Mapping Project also provides county -level data. The strongest clusters in Dakota County largely mirror those for the broader region. Other key traded clusters in Dakota County include transportation and the aerospace vehicles and defense cluster. More data describing county and regional clusters is available at www.clustermapping.us. Imagine Apple Valley 2040 Apple Valley Economic Development 15 Economic Diversification U Minneapolis, MN Metropoiitan Area, 2015 www.clusterma Cluster industries support and are supported through cross -sector linkages. The strongest industries are identified in green. Source: US Cluster Mapping Proje Economic Development 16 Imagine Apple Valley 2040 Table 6.1 - Cluster industries in the MSP metro Cluster Rank relative to similar metros Employment (2015) Average Wage (2015) Subclusters Medical Devices 3 12,004 $77,247 Optical Instruments and Opthalmic Goods, Surgical and Dental Instruments and Supplies Printing Services 4 15,670 $55,815 Printing Services and Support Activities, Printing Inputs, Greeting Card Printing and Publishing Information Technology and Analytical Instruments 7 35,899 $86,764 Electronic Components, Computers, Semiconductors, Software Publishers, Software Reproducing, Process and Laboratory Instruments, Medical Apparatus, Audio and Visual Equipment Insurance Services 8 34,971 $98,719 Insurance Related Services, Insurance Carriers, Reinsurance Carriers Marketing, Design, and Publishing 10 29,727 $65,346 Advertising Related Services, Other Marketing Related Services, Design Services, Publishing Business Services 11 207,480 $93,229 Corporate Headquarters, Consulting Services, Business Support Services, Computer Services, Engineering Services, Architectural and Drafting Services Distribution and Electronic Commerce 12 89,550 $83,359 Wholesale, warehousing, and distribution of various goods. Financial Services 12 35,402 $119,376 Financial Investment Activities, Credit Intermediation, Credit Bureaus, Monetary Authorities (Central Bank, Securities Brokers, and Exchanges) Biopharmaceuticals 20 2,304 $79,051 Biopharmaceutical Products, Diagnostic Substances, Biological Products Imagine Apple Valley 2040 Apple Valley Economic Development 17 City Resources A healthy municipal economy has several components. The following components can be viewed as integrated resources which the City will seek to retain, expand, or enhance over the life of this plan: • Property tax base • Local job opportunities • Workforce potential • Development/redevelopment potential • Community image and identity The following section explores each of these resources as they relate to the Comprehensive Plan. The role of the City is to foster new development and retention of business activity to provide employment opportunities and support a strong tax base. Property Tax Base Under the current system of local government finance, property taxes are the largest source of revenue. For this reason, the creation of a new tax base is an important focus of community development policies. Components of Property Valuation Effective strategies to promote the growth of the tax base requires a clear understanding of the property tax system. There are three components of property tax valuation that influence the amount of property taxes paid. The foundation of the property tax system is Estimated Market Value. This amount is the assessed value of a parcel of property. In some circumstances, the State Legislature limits the amount of Estimated Market Value that can be used for taxation. These adjustments result in the Taxable Market Value. Tax Capacity Value is a percentage of Taxable Market Value. The percentage factors are set by the State Legislature and vary by class of property. Imagine Apple Valley 2040 .... Apple Valley Economic Development 18 Figure 6.2 - Taxable Market Value 6,000,000,000 5,000,000,000 4,000,000,000 3,000,000,000 2.n0 0n0.00, 1,000,000,000 ■ AIIOther ❑ Industrial ■ Commercial ❑ Apartments ■ Residential Taxable Market Value Figure 6.1 Figure 6.3 - Sources of Change in Property Valuation 500,000,000 — 400,000,000 - 300,000,000 - 200,000,000 - 1000000011 - 2004!05 2005/06 2000/07 2007108 201 - 100,000,OOu - - 200,000,000 - ■ New Construction ❑ Non -Construction Appreciation Sources of Change in Property Valuation Figure 6.2 Valuation Trends Understanding how Apple Valley's tax base has changed in recent years provides useful guidance in planning for the future. The chart in Figure 6.1 shows the components and growth Imagine Apple Valley 2040 Apple Valley Economic Development 19 of taxable market value of property in Apple Valley over the past five years. (The years in Figure 6.1 refer to the timing of the property tax system. 2004/05 means the value of property on January 2, 2004, reflecting changes that occurred in 2003. Values for 2008/09 are preliminary as of 2/21/08.) This chart illustrates several important points about Apple Valley's property tax base: • Housing creates the greatest amount of tax base. For 2008/2009, residential property made up 84% of the total taxable value of Apple Valley. Apartments added 4% of total value. • The residential share has increased slightly over the past five years. In 2004/05, residential property accounted 86% of total value. The percent of apartment value was 4%. • Industrial property represents less than 1% of all 2008/2009 taxable value. • Total value grew by 23% over the four years from 2004/05 to 2007/08. Less than one- quarter of this growth came from value added by new construction. The appreciation of existing properties contributed to the bulk of new value • Total value fell by 1% in 2008/2009, despite adding $58 million in value from new construction. These trends point to the importance of using the Comprehensive Plan to guide the expansion and diversification of the tax base and to promote the maintenance of existing property. Local Jobs The creation and retention of jobs is an important community development objective for Apple Valley. Jobs attract residents to the community. Jobs provide the income needed to support local business and government services. Retention of businesses promote community stability by keeping jobs and residents in Apple Valley. The Community Context chapter of the Comprehensive Plan makes some important observations about employment in Apple Valley: • 18% of Apple Valley jobs are filled by workers who live in Apple Valley. (On the Map, 2014) • 11% of working Apple Valley residents have jobs in the city. (On the Map, 2014) • 40% of workers traveled to places of employment outside of Dakota County. (On the Map, 2014) Imagine Apple Valley 2040 Apple Valley Economic Development 110 • The largest employment sectors are retail trade (22%), education (17%), accommodation and food services (14%), and health care and social assistance (12%). (Quarterly Census of Employment and Wages) Figure 6.4 - Wage Trends Average Weekly Wage (All Industries) $780 to $760 $740 $720 t $700 a $680 4 $660 $640 $620 2007 2009 2011 2013 2015 (Actual Wage —0—Inflation Adjusted (2016) Figure 6.5 – Apple Valley Jobs Growth 15,500 IDA 15,000 cu '03 14,500 0- 14,000 13,500 a) E 0 13,000 cu 12,500 To 0 Apple Valley Jobs Growth 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 0.78 0.77 0.76 0.75 0.74 0.73 0.72 0.71 0.7 0.69 Annual Employment (4 -quarter average) (Jobs per Household Jobs per 100 residents Imagine Apple Valley 2040 Apple Valley Economic Development 111 The Minnesota Department of Employment and Economic Development (DEED) publishes a Quarterly Census of Employment and Wages (QCEW). The QCEW covers all establishments reporting wage and employment to the state under the Unemployment Insurance System. Figure 6.4 depicts wage trends in Apple Valley for 2007 to 2016. While actual incomes are increasing, real incomes (inflation-adjusted incomes) generally have not increased over the 10 - year period. Wage stagnation from 2010 to 2014 is attributed to the national recession. Figure 6.5 depicts jobs trends from 2007 to 2016. Apple Valley added more than 1,700 jobs in that period, with most of this growth occurring during the recovery from the recession (2011 to 2016.) The rate of job growth has exceeded population growth. In 2007 the jobs/household ratio was 0.72. By 2016 the jobs household ratio was 0.77. This data shows that Apple Valley's employment base is slowly expanding. Even as the number of workers has increased, the number of business establishments has decreased. The QCEW reported 970 business establishments in 2007 and 899 establishments in 2016. The economic downturn likely forced the closure and consolidation of some businesses, with some unemployed workers shifting to other establishments. It is useful to compare economic trends for Apple Valley with other Dakota County cities. Figure 6.6 compares trends for wages, employment, and the number of establishments in Apple Valley with four adjacent cities. The data represent the four -quarter average for 2016. Burnsville and Eagan have a competitive advantage in terms of jobs and wages. The average wage in these cities is 50-60 percent higher than the average wage in Apple Valley. Higher wages are correlated with higher jobs/housing ratios. In Eagan there are 2.14 jobs for every household. In Burnsville there are 1.38 jobs per household. Apple Valley has the lowest jobs/household ratio of the five cities included in Figure 6.5. Apple Valley's employment base is slowly expanding, but remains smaller than those of several neighboring communities. Imagine Apple Valley 2040 .a.. a.. a. •aaa Apple Valley Economic Development 112 Figure 6.6 - Dakota County Wage and Employment Comparisons 2,500 s 1,913 -c 2,000 c- D O 1,500 $1,197 $1,1 1,069 $1,1E 1,000 899 85 ' $96 z $76. $ au 500 388 Dakota County trends comparison au1au 0 073 c Apple Valley Lakeville Rosemount Burnsville Eagan City Wage Establishments —0—Employment 2.50 2.00 1.50 1.00 0.50 0.00 Jobs per Household Jobs/Housing Balance A key consideration in the planning process is seeking a balance of jobs and housing in Apple Valley. This balance is both in terms of the number of jobs relative to the number of households, as well as the type of jobs relative to the education and interests of Apple Valley residents. Locating a wide range of housing close to employment may shorten commuting distances. High vehicle -miles traveled produces highway congestion and air pollution, reduces pavement life, and diminishes leisure time. A standard measure of jobs -housing balance is the ratio of jobs to housing units. (This measure is similar as the ratio of jobs to households.) The American Planning Association recommends a ratio of 1.3 to 1.7. However, in metropolitan areas where jobs are more regionally allocated, cities demonstrate a range of jobs -housing ratios (See Figure 6.6). From a regional perspective, the high degree of variance indicates that some communities have less than the ideal number of jobs given their number of households, while others have higher employment. This is more a regional issue than a local one — many communities have an imbalanced supply of housing and jobs. These imbalances should be addressed through comprehensive housing policy and transportation planning, as well as economic policy. Imagine Apple Valley 2040 Apple Valley Economic Development 113 The Metropolitan Council projects 17,100 jobs and 24,900 households in 2040, for a jobs/household ratio of 0.69. This projection would be a reversal of current trends, which show improving jobs/housing balance. With the addition of a job center in the mixed business campus area, Apple Valley is targeting a higher jobs goal — 19,000 jobs — for 2040. This goal reflects the Vision for Apple Valley that seeks to create more local jobs and more jobs with wages capable of sustaining a family. Apple Valley seeks to expand job opportunities, prioritizing jobs which pay wages capable of sustaining a family. Commuting Costs The jobs/housing relationship directly impacts quality -of -life. After housing, transportation is the largest cost for most households. The Housing and Transportation (H + T) Index provides a snapshot of these effects for Apple Valley (www.htaindex.cnt.org). On average, Apple Valley households spend 27 percent of their income on housing and 20 percent of their income on transportation. For comparison, Lakeville households spend 53 percent of their income on housing and transportation, while Burnsville households spend only 43 percent of their income on these costs. In 2016, the average expenditure on transportation in Apple Valley was $13,594 per household. This figure includes the average expenditures for auto ownership (car payments, maintenance, insurance, registration, etc.), fuel, and transit. With a heavy emphasis on employment in the future land use plan, Apple Valley is seeking to increase its jobs -housing ratio. Increasing access to local jobs, along with dedicated improvements to multimodal transportation, will improve quality -of -life, resilience, and local spending power. Figure 6.6 - Housing and Transportation Costs Average Housing and Transportation Costs (Percent of Income) • Housing • Transportation • Remaining Income f Source: Housing and Transportation Affordability Index (H+T); htaindex.cnt.org Imagine Apple Valley 2040 Economic Development 114 Development Potential Apple Valley's low ratio of jobs to households is not ideal, but it does indicate that there is a ready supply of workers and consumers for expanding markets. With a sizeable population, a large trade area, and a large site prioritized for mixed business and health care services, Apple Valley is an ideal location for major medical groups which desire to have offices close to their customers. There are successful hospitals in other suburban communities such as Maple Grove and Woodbury, but unlike Apple Valley, neither of these communities is located within 15 minutes of the international airport or the Mall of America. To maximize this potential, the City may need to leverage its financial resources and increase regulatory flexibility in pursuing job creation and higher -value development. For example, the City will likely need to offer financial incentives, such as tax increment financing, in order to facilitate development for Orchard Place. Redevelopment Potential With its sizeable population, large trade area, robust highway system, and Orchard Place Master Plan, Apple Valley is the ideal location for a medical hub in the south metro. The City continues to support and encourage the redevelopment of underutilized sites. Redevelopment is largely a market-driven process. The overall building supply is physically sound and economically viable at this time. In the short-term, the market may bypass the area needing redevelopment. However, there are some vacant and underutilized commercial/industrial sites with the opportunity for reuse, and the market will grow as original structures continue to age and other preferred growth sites are used up. The Comprehensive Plan does not identify specific parcels for redevelopment. However, redevelopment and adaptive reuse will be encouraged within the Downtown over the life of this plan. The level of City involvement in the redevelopment process will depend on the level of opportunity/need, available capital, the role of private investment, and the City's ability to acquire available properties or otherwise influence redevelopment through public-private partnerships. Most previous redevelopment has been on single or small groups of parcels. The City may find the need to consider a change to a broader area where necessary. Table 6.2 summarizes some of the pros and cons of redevelopment versus greenfield development. Imagine Apple Valley 2040 Apple Valley Economic Development 115 Table 6.2: Redevelopment Considerations (Pros and Cons) Redevelopment Pros Redevelopment Cons Keeping existing land uses viable helps sustain neighborhood property values. Physically or functionally obsolete buildings can produce a cycle of disinvestment. Redevelopment generally improves community aesthetic. Older sites face the need for environmental remediation. Old buildings may have asbestos or other hazardous materials that require special treatment. Certain commercial and industrial businesses may have allowed pollutants to enter the soil. Adapting/expanding existing roads and utilities can potentially be more cost- effective than new construction. Redevelopment sites may have greater site preparation costs, such as demolition, regrading, and environmental review. Adapting or replacing older buildings and infrastructure provides an opportunity to improve energy efficiency and upgrade roads and utilities. Redevelopment often requires the assembly or division of existing parcels, involving multiple property owners with individual interests. By repurposing sites, redevelopment conserves land resources for other uses. Existing structures and infrastructure may limit flexibility to repurpose the site. Increased density at key Downtown nodes supports community objectives for economic development, transportation, and land use. Elevated property values may exacerbate housing affordability problems, increasing burden on low-income groups. Some successful examples of recent market-driven redevelopment include: • Fischer Market Place (northeast corner of Galaxie Avenue and County Road 42) was developed on a reclaimed gravel mine. • The Cobblestone Lake development (northwest corner of County Road 46 and Diamond Path) was developed on a reclaimed gravel mine. • The Apple Valley Chrysler site (southwest quadrant of Galaxie Avenue and County Road 42) was replaced with a CVS Pharmacy and M&I Bank. • Cedar Marketplace (northeast quadrant of Cedar Avenue and 147th Street) took the place of a nursery. • LA Fitness (northwest corner of Galaxie Avenue and 152nd Street) was a former used car sales lot. • The Apple Valley Transit Station (northeast corner of Cedar Avenue and 155th Street) was the site of a former large general retail store. Imagine Apple Valley 2040 Apple Valley Economic Development 116 Workforce Potential Business development and retention is one piece of the economic development strategy, which focuses on increasing the supply of well -paying jobs in the community. Those jobs must be filled by a skilled and talented workforce. Apple Valley can develop its workforce by strengthening its skills and expanding the labor pool through the attraction and retention of talented workers. Workforce development is often facilitated through public-private initiative. A good example is Uponor, one of the largest employers in the city. Starting wage at Uponor is $17/hour; average hourly wage is $33. The company employs 650 workers, having doubled its staff in the last few years. This expansion was partially enabled by an apprenticeship program designed to recruit, train, and retain maintenance technicians, addressing the shortage of skilled labor in a competitive economic environment. The program was created through a partnership with the State. One of the largest employers in Apple Valley, Uponor partnered with State and local organizations to develop its apprenticeship program. The 2017 Minnesota Manufacturing Awards recognized the business as best in class. This example of workforce development used a supply -based strategy — it created a supply of readymade workers to match a skillset in demand. Demand -based approaches to economic development are also beneficial. For example, in addition to recruiting and training labor to match them to existing jobs or anticipated jobs, Apple Valley can improve local workforce retention by targeting industries that match the skills and abilities of its existing workforce. A Imagine Apple Valley 2040 Economic Development 117 Apple Valley large percentage of educated workers leave the city for work each day because the employment opportunities in Apple Valley don't match their skillset. Recruiting new industry and services would help satisfy this potential. Periodic surveys of local businesses and workers can help the City better understand local worker skillsets and industry needs. Image/Identity The image and identity of Apple Valley are small but important elements of economic development. An identifiable positive image can help Apple Valley attract residents, businesses, and visitors in a competitive marketplace. Distinctive signs and entry monuments signal to people that they have entered Apple Valley. Entry markers improve community name recognition, send a welcoming message, and offer an indication of community pride. Signage can also be used to identify commercial districts and neighborhoods. Subdivisions and shopping centers frequently use signs to create place recognition. The City uses consistent signage to identify parks and trails. The City has also used corner monuments and enhanced streetscaping to help identify the Ring Route. These features will be extended to the expanded Ring Route. The Ring Route shows a recognition of the importance of public actions to create community identity. The distinctive streetscape improvements help define Downtown. The City will continue to enhance the Ring Route monuments and streetscape and will keep them in scale with the higher density development that is sought for Downtown. The City has committed to a vision of promoting mixed-use development in the Central Village area of Downtown. Furthermore, development of the area's image is necessary to help achieve a unique identify for this area. Investments in image and identity are small pieces in a broader puzzle of promoting Apple Valley to businesses and residents. The City will continue to work to create a positive and memorable image of Apple Valley. Imagine Apple Valley 2040 Apple Valley Economic Development 118 Image is a key component of the economic development strategy. Enhanced streetscaping, monuments, and signage help create a sense of place and distinguish important nodes and corridors. Goals and Policies Economic Development Goals • Activate the Comprehensive Plan to ensure that Apple Valley has an appropriate mix of development types and an adequate supply of land to secure new business investments consistent with the city's vision. • Retain current businesses and assist companies with expansion where appropriate. • Attract new employers which pay above the area's median income. • Maintain and improve the infrastructure system (transportation, utilities and telecommunications) to meet the needs of current businesses and facilitate future growth. • Maintain a labor force that fulfills the needs of business and industry and supports business development. • Provide a balanced supply of housing opportunities that meets the needs of current and prospective workers, from affordable rental units to high-end housing. Imagine Apple Valley 2040 *" Economic Development 119 Apple Valley • Continue to build strong working relationships with the Apple Valley Chamber of Commerce, Dakota County Community Development Agency, Dakota Future and other entities with shared interest in economic development and redevelopment. • Work with property owners to address unique development challenges including the maintenance, revitalization, and redevelopment of existing buildings and parking lots. • Take advantage of opportunities to use public improvements and private development to enhance the image and identity of Apple Valley. • Foster private investment and economic activity that supports sustainability and resiliency objectives. • Support development of regional industry clusters with a focus on Apple Valley. • Develop the mixed business campus on Orchard Place to improve the jobs/housing balance. • Take advantage of the mixed business campus on Orchard Place to demonstrate energy efficiency objectives by incorporating renewable/local energy sources, such as solar or biomass. Economic Development Policies The City seeks to achieve its economic development goals through application of the following policies: • Actively investigate and pursue opportunities to attract a hospital and other medical and health care businesses to Apple Valley. • Actively investigate and pursue opportunities to attract businesses that create jobs with incomes that can sustain a family. • Work to attract businesses that will bring high-quality development, expansion of the property tax base, and will fit into the overall market desires and land use plan of Apple Valley. • Periodically review and amend if necessary the Comprehensive Plan to ensure that an adequate allocation of land resources are planned for employment -producing development and that those designations can be supported by the marketplace. • Encourage and facilitate infill commercial, industrial, and retail development on remaining vacant parcels to ensure maximum efficiency of land use. Imagine Apple Valley 2040 Apple Valley Economic Development 120 • Encourage and facilitate redevelopment of underutilized or distressed properties into viable commercial, industrial, or retail developments by working with property owners and interested developers. • Create a medical campus district to encourage and facilitate development of medically related uses in certain areas. • Work with local businesses and industries to ensure needs for expansion and development are adequately met and maintain an open line of communication with the business community. • Work with local businesses, Dakota County, and the Minnesota Transit Authority to provide transit services that support the economic development goals of Apple Valley. • Encourage and promote the development of advanced, state-of-the-art telecommunication technology to and within Apple Valley. • Work with service providers to ensure adequate supplies and reliable distribution systems for electricity and natural gas. • Pursue ways to streamline the development approval process, while still maintaining high quality development standards. • Review new and innovative economic development incentives for application in Apple Valley. Implementation Figure 6.7 shows the overall structure of the Economic Development Strategy. The top of the pyramid represents the highest achievements sought. The base of the pyramid represents the foundational work that is needed to succeed. Much of this work, such as developing municipal networks and evaluating resources, is a recursive part of the economic development process. Other items, such as updating City policy or a Downtown Master Plan, require greater effort, but would likely have to be addressed only once during the 20 -year planning horizon. The highest goal is to attract new business and industry to Orchard Place and Downtown. However, Apple Valley recognizes that the framework for sustainable growth emerges from within. Retaining existing businesses and workforce talent is vital to demonstrate local potential to prospective employers. Developing within established and emerging clusters will help solidify the economic base. Imagine Apple Valley 2040 Apple Valley Economic Development 121 Figure 6.7: Economic Development Strategy Evaluate Coordinate Promote Prepare Grow Attract Targe specialty user Retain and expand existing businesses and workforce Incentivize private investment Market opportunities for development and redevelopment Provide connective infrastructure to support economic activity Update master plans for Orchard Place and Downtown Define supportive ordinances and guidelines for land use, design, and economic development Assess market trends, local data, municipal resources, and development opportunities Develop soft capital; build partnerships with regional developers, businesses, and institutions Extending the Strategic Plan This chapter introduced six core strategies for economic development. To summarize, they are: • Attract large employers • Unify the Downtown • Reinvest in Downtown • Develop connections within the Twin Cities metro and beyond • Support STEM -related businesses and workforce development • Develop economic resilience The following material expands on these themes. Imagine Apple Valley 2040 .a.. a.. a. .aaa a.a Apple Valley Economic Development 122 1. Attract large employers primarily in the designated Mixed Business Campus area The biggest economic challenge for Apple Valley is to increase the number of local jobs — specifically, to improve the jobs/household ratio. It is not uncommon for a metropolitan economy to produce clusters of employment that benefit some communities more than others, especially in suburban areas, resulting in a regional jobs/housing imbalance and complex commuting patterns. Because there are regional forces through intergovernmental collaboration as much as communities. The economic potential of development proposals must be evaluated based on the number of jobs that businesses create and the wages they provide. at work, Apple Valley will benefit through competition with other Potential economic development opportunities must be evaluated based on the number of jobs they create — both directly and indirectly — and the wages they provide. The amount of public incentives, if they are used to attract new employers or retain existing employers, should reflect these factors. The City will target employers which pay above area median income, especially businesses that are compatible with existing industry clusters or which represent emerging technologies. In the near-term, the City will work to develop relationships with commercial, office, and industry partners in the community. Conducting periodic meetings with the largest employers will help the City identify opportunities and threats to its existing jobs base and develop local partnerships. This will help the City improve educational programs, such as that used by Uponor, to meet industry needs. Another strategy is to expand local employment data, and the application of data, to monitor and communicate characteristics of the municipal workforce and local employers. The QCEW provides detailed data regarding the types of jobs that are located within a geography, but not the jobs which are held by the population of that geography. A survey of residents would give the City a clearer picture of workforce skills and help the City track employment characteristics. It could also be used to demonstrate local demand for certain industries and cultivate jobs training programs. Orchard Place The long-term goal is to develop Orchard Place as a mixed -business employment center. The City will continue to develop ancillary amenities that are attractive to businesses. Strong systems of trails, transit, and parks provide a solid foundation from which to build. The Orchard Place master plan encapsulates this strategy by guiding ample acreages for open space, water features, and pedestrian connections, supported by a network of great streets. Careful attention to preliminary design and promotion of the plan will attract a large specialty business to the site. This business will anchor the development and attract supportive businesses. Imagine Apple Valley 2040 Apple Valley Economic Development 123 The Orchard Place concept plan guides approximately 165 acres for the Mixed Business Campus and 40 acres for supportive commercial. These figures do not include acreage that is designated for rights-of-way, open space, or ponds. Based on historical development within the Metropolitan area, it is suggested that at least 40 acres of the Mixed Business Campus be considered for a hospital and medical office area. The Orchard Place concept plan guides approximately 50 acres for a medical corporate campus located in the northeast quadrant of Johnny Cake Ridge Road and 155th Parkway. Adjacent tracts are illustrated for potential medical -related uses, office, hotel, and commercial/industrial. Utilizing FAR to guide development and model development intensity One guiding principle for development intensity is floor area ratio (FAR). Floor -area ratio guides intensity by limiting the amount of total floor space in all buildings on a given site to a specified fraction of the buildable area. Within these parameters, developers maintain some flexibility to adjust building height and bulk (Figure 6.8). Intensity increases with more building space and higher FAR. Figure 6.8: FAR graphic 0.5 FAR 1 Story 2 Stories 1.0 FAR gEel 1 Story 2 Stories 4 Stories � ''`') its It oi... -Nirmi....imi 2.0 FAR 1%1111111111111111116.. 2 Stories 4 Stories 8 Stories 'INN, NN) - f.i 'NIIII.j.111111111lM Entire Lot Area Half Lot Area Quarter Lot Area FAR standards regulate density while giving developers greater design flexibility. The City's FAR guidelines help it project employment density, assess site impacts, and address traffic needs for future development. Imagine Apple Valley 2040 Apple Valley Economic Development 124 Employment potential is correlated to FAR, since jobs are traditionally measured as the number of employees per unit building area. The conceptual plan for Orchard Place includes a range of FAR goals for each land use. Table 6.2 summarizes these goals. Table 6.2: FAR goals for Orchard Place Use FAR Range Corporate Campus 0.25 to 0.35 Medical 0.25 to 0.40 Office 0.25 to 0.35 Industrial 0.30 to 0.45 Commercial Retail 0.18 to 0.30 Hotel 0.35 to 0.50 As of March 2017, the concept plan for Orchard Place retains flexibility for further refinement. The precise acreage for each use and the intensity of development will be further evaluated in cooperation with the land owner and the project developer. In the meantime, these numbers are useful for conceptualizing a range of intensity scenarios, refining economic development objectives, and developing an understanding of likely traffic impacts and utility needs. If, for example, a 50 -acre corporate campus were constructed to 0.35 FAR, there would be 17.5 acres of floor space, or approximately 762,300 square feet. A typical hospital might staff 2.6 employees per 1,000 square feet. Thus, a 50 -acre hospital site might support a staff of roughly 1,980 employees. As actual development potential is determined, Apple Valley can adjust its FAR and/or acreage assumptions accordingly to promote the most efficient use of the Fischer site. The Metropolitan Council projects 17,100 jobs in 2040, with only 1,300 additional jobs from 2020 to 2040. This forecast may prove to be an underestimate of both need and opportunity. Instead, Apple Valley would like to increase employment to 19,000 jobs by 2040. It is estimated that the Mixed Business Campus yields about 75 percent of the growth in jobs. Upon completion of the Mixed Business Campus, about 25 percent of all jobs in the city would be located there. Implementing the FAR framework will help the City achieve the desired development intensity — and associated employment growth — for Orchard Place and other sites. If a portion of the site is developed at lower -than -average FAR, then the City knows that the remaining space must be developed at a higher intensity to produce the desired jobs outcome. The present marketplace readily builds at .25 to .30 FAR. Building at higher intensities may require the application of financial incentives and/or modifications to City code. Imagine Apple Valley 2040 Apple Valley Economic Development 125 2. Unify Downtown by taking advantage of future redevelopment opportunities, using Cedar Avenue and County Road 42 and transit system improvements as catalysts. Downtown is the engine of Apple Valley's economy. Improvements that unify Downtown, support development intensity, and enhance connectivity will improve economic potential. Future redevelopment opportunities can be supported by transit and other transportation improvements in the Cedar Avenue corridor and the County Road 42 corridor. The Cedar Avenue Transitway Implementation Plan guides improvements to the Red Line from 2010 to 2040, with five stages for development. Stage 1 was completed in 2013 when BRT service was extended on TH 77/Cedar Avenue, connecting Apple Valley to the Mall of America transit station. Stage 2 is programmed for 2015-2020 and calls for expansion of the Apple Valley transit station and bicycle and pedestrian improvements. Stage 3 is programmed for 2020-2025, and calls for new a station at Palomino Drive with potential park and ride expansion. Stages 4 and 5 are scheduled for completion by 2040, with extension to Lakeville. The City is targeting land use and transportation improvements that unify the Downtown and mitigate the barriers presented by Cedar Avenue and County Road 42. Enhanced pedestrian connections across these thoroughfares, coupled with stronger connections to transit, will serve this goal. The addition of bus rapid transit to the transportation network has already supported several development projects in the Cedar Avenue transitway. However, significant opportunities remain, especially in the four major quadrants surrounding the intersection of Cedar Avenue and County Road 42. Momentum from transit -supportive development and the extension of the Red Line south to Lakeville will eventually influence these superblocks as well. Lid Concept A 2008 study of transit -oriented development introduced a "lid" concept for the intersection of the Cedar Avenue and County Road 42 (See Chapter 3). The concept envisions that a short segment of Cedar Avenue is depressed at County Road 42, a "lid" is added over the intersection, and within a quarter mile of that intersection, the four quadrants of the Downtown are connected with an at -grade "Cedar Green". This idea would unify the Downtown, but it could also be prohibitively expensive. Further, it would not be practical to impose a substantial, grade - separated pedestrian improvement at the intersection before improvements are made to improve walkability and pedestrian access to the surrounding superblocks. First, the superblocks should be broken up by adapting the street system, with some redevelopment/infill taking place. Then, if these areas have been infused with new activity and investment, a capstone improvement such as the "lid" could potentially be justifiable. Downtown Plan Imagine Apple Valley 2040 Apple Valley Economic Development 126 A structured plan is critical to achieve unified development. Updating the downtown master plan would help coordinate Downtown's transition with integrated development and infrastructure improvements. This plan would expand on the A cohesive Downtown Master Plan is a critical tool for guiding transition in a unified manner. Downtown Design guidelines and other concepts presented here, and would bring key landowners in the Cedar Ave/County Road 42 corridors, potential developers, and other stakeholders to the table. Reinvest in Downtown, adapting to changing retail trends For several years, the City has prioritized positive relationship -building with businesses and has selectively used financial loan products, tax -increment and revenue bond resources to support new development. This will continue and intensify as the competition for development increases and various financial arrangements are needed to close financial gaps in the development process. Some strategies include: • Financial incentives such as grants, loans, and regional investment funds, often in partnership with other agencies such as the State of Minnesota and the Dakota County Community Development Agency. • Continue the robust working relationship with the Apple Valley Chamber of Commerce. • Provide support to small businesses, entrepreneurs, and new entrants in the marketplace with the creation of business plans and marketing plans. Dakota County Community Technical College and the Metropolitan Consortium of Community Developers are examples of supporting partners, along with the City. • Local tax incentives Tax -increment Financing (TIF) Tax -increment financing (TIF) can be used to support land assembly and infrastructure installation to prepare for higher -intensity development. A TIF district is financed by capitalizing the gains in property tax value that are anticipated to occur through development. The base tax which is levied before creation of the TIF district is still directed to the general fund, but the increment is leveraged to finance debt over a 20 -year period. In practice, the City should demonstrate that this increment would not occur "but for" the creation of the district, in order to dispel concerns that debt financing would potentially siphon from municipal reserves. When a TIF district is closed, total property taxes (both the increment and the base tax values) are reallocated to the general fund. As a tool that initializes development and ultimately expands the tax base, TIF is a powerful resource to stimulate local economic growth. Imagine Apple Valley 2040 Apple Valley Economic Development 127 Downtown Redevelopment Opportunities As Downtown ages, there will be opportunities to redevelop or adaptively reuse existing structures. In most cases, it is far more effective to reuse or adapt vacant big box structures, rather than demolish them and reconstruct the site, which requires significant energy and investment. For example, vacant big -box commercial buildings could be repurposed for community -serving uses, such as libraries, medical clinics, schools, or fitness centers. With additional investment and more substantial retrofits, other structures could be adapted to support additional stories and accommodate other uses, such as a large data center. Access to the Red Line would support the development of more jobs in the vicinity of Cedar Avenue. The Downtown Design Guidelines advocate breaking up the superblocks around the intersection of Cedar Avenue and County Road 42. To facilitate this type of transformation, the City will have to examine its zoning code and consider amending policies which have produced the type of Downtown commercial development which actively discourages walking and bicycling, such as deep setbacks, wide streets, wide intersection spacing, separated uses, and liberal parking standards. Surface Parking Figure 6.8 depicts large areas of surface parking in Downtown. There appears to be an excess of underutilized space, representing an opportunity for economic development. Most of these lots are associated with large chain retailers. Although there are substantial challenges to working with national chains, which usually have their own parking and development standards, there are still opportunities to retrofit surface parking by working creatively within the market. For example, owners of underperforming strip malls or big box sites could be encouraged to lease the outer edges of their parking lots to smaller retailers, which would increase their revenue and extend the presence of commercial activity closer to street. Alternatively, some property could be converted for solar energy production. The Great Plains Institute's energy assessment notes that surface parking lots in Downtown receive high insolation and could be adapted to produce efficient solar energy. The extent to which this would be a desirable use of Downtown property is debatable; nevertheless, it illustrates the potential to adapt parking areas for a variety of uses. Beyond adaption, there may be opportunities to physically remove parking to daylight streams or natural wetlands, improving storm water retention. Excess parking is an opportunity for redevelopment. These adaptations may not be implementable for years. In the short term, however, the City should conduct a parking study that calculates acreages, investigates daily use, estimates the economic potential for these areas based on regional market dynamics, and identifies some potential sites that could be retrofitted in the short-term. This examination could lead to a Imagine Apple Valley 2040 Apple Valley Economic Development 128 broader effort to update a master plan for Downtown. The Downtown Design Guidelines and conceptual presented in this plan effectively plan for "anticipatory" retroffiting. Anticipatory planning can be extended by laying out surface lots in block configuration, conceptualizing future building sites, and identifying conceptual collector lanes with street trees and utilities between rows of parking. Figure 6.8: Downtown Parking Areas 4. Develop connections to the Twin Cities metro and beyond, using advances in communication technology, transit. The City has long monitored the evolution of internet services in communities within and outside of Dakota County. There are multiple approaches based on wi-fi, (faster and more efficient), and fiber optic services. A discussion of this topic 10 years ago would have underestimated future systems already realized. The same will be true in the future, to 2040. The advantage for the City is to utilize all three in combination to meet user needs for the transfer of voice, video, and data. As development and redevelopment occur, it will be important to integrate the most cost-effective and efficient systems to remain competitive. Imagine Apple Valley 2040 Apple Valley Economic Development 129 The Metropolitan Council's 2040 transit system envisions the Cedar Corridor as a critical north - south route, with Apple Valley a key node between Lakeville and the Mall of America station. The opportunities for the City resulting from the implementation of bus rapid transit (BRT) continue to be expanded. A Dakota County study from 2015 found that the Red Line triggered investment of $273 million in 38 projects within 1/2 mile of the Cedar Avenue corridor, beginning in 2010 with anticipation of transit's arrival. A review of land uses indicates that there are over 6,000 housing units and an estimated 17,000 Apple Valley residents living within 1/2 mile of the corridor. In addition, there are over 170 commercial parcels with a total property value greater than $500 million. Figure 3.5 in the Community Context Chapter depicts the estimated value of parcel structures as a fraction of total property value. This is one measure of property utilization, which can be useful in identifying potential for redevelopment and adaptive reuse. !nib, mummy on eaman,. ■l NIIIII UUMMOMMII 11■111r11r 1I111sINUMIrr1111111!"1111111 onmoumplpipmmip !minim �i�■®� Irrrrrrr f1111rr1r�"_ `C1lIt Leveraging regional transit investments is an important piece of the economic development strategy. Goals/strategies that will make transit a success include: • Good system design (transit must be convenient even during bad weather; transit must be supported by adequate parking and a dense and well-connected mixture of residential and employment -based uses) • Linking key activity areas and population centers • Moving riders quickly and efficiently • Creating an experience people want to repeat • Developing routes and stations to shape adjacent growth and draw investment Imagine Apple Valley 2040 Apple Valley Economic Development 130 • Enhancing multimodal connections to/from transit line ("last -mile" connections); pedestrian connections across Cedar Avenue and to adjacent neighborhoods and businesses must be safe and convenient • Augmenting the regional system through local transit connections 5. Attract businesses focused on science, technology, engineering, and math (STEM) to build a well-educated and well -compensated workforce. The Federal Americans Competitiveness and Workforce Improvement Act of 1998 established STEM as the 21st century response to competitiveness. The National Science Foundation (NSF) encouraged academic institutions in the United States to increase the number of students nationwide that receive degrees in science, technology, engineering, and mathematics. These disciplines often support high -paying jobs in forward -thinking industries. Attracting innovative employers will position Apple Valley's economy to remain competitive in the knowledge economy. With a limited number of students emerging in the workforce with STEM skillsets, the City must be prepared to provide supportive and desirable career opportunities, as well as housing and other amenities. Apple Valley offers the land resources and the cooperation with local owners to locate new and expanding businesses. Furthermore, Apple Valley is already highly educated and offers many places to live, shop, learn and recreate. 6. Develop Resilience Resilience is an overarching theme that ties the economic development plan together. The economic strength of Apple Valley is derived from its connections to regional, national, and global economies. When conditions in these economies change, the City is affected. To ensure it can withstand future shocks to its economic base, Apple Valley is focused on improving its resilience. Apple Valley can build economic resilience by diversifying local industry, addressing the jobs -housing imbalance, and diversifying the skillsets of its labor force. Furthermore, it can expand and diversify its supply of energy to include a greater share of renewables and develop its energy storage capacity. Energy There are substantial opportunities to improve energy efficiency in the commercial and industrial sectors. Developing and diversifying the energy supply to incorporate more clean energy not only improves resilience, but creates opportunities for new jobs and technical training, and community partnerships with existing businesses and manufacturing. Energy efficiency improvements at large industrial and commercial facilities can lead to substantial cost savings. Imagine Apple Valley 2040 Apple Valley Economic Development 131 The total rooftop solar resource for commercial businesses in the City is 194 megawatts, which is equivalent to approximately 77 percent of all the electricity consumed in the city. Developing a fraction of this resource could have a large impact. Some local businesses, such as Uponor or Wings Financial Credit Union, may be receptive to partnerships that expand local resilience initiatives, foster community outreach and recognition, and benefit their bottom line. Implementing a combination of clean energy strategies for the business and residential sectors would help Apple Valley reach its GreenStep goals and stay on track to meet Minnesota's energy target — 50 percent GHG reduction by 2030. In addition to solar, biomass can be used as a source of local, renewable energy. Several schools, colleges, and hospitals in Minnesota use wood pellets, waste wood, and other sources of biomass to fulfill part or all of their energy requirements. Managing organic food waste is a huge opportunity to reduce GHG emissions directly and create additional energy. Dakota County is looking to require organics diversion by large New development is an opportunity to improve energy efficiency. The mixed -business campus should be designed to incorporate renewable power sources, such as local solar or biomass production. generators by 2022, and plans to make curbside organics collection proposed hospital/mixed medical campus in Orchard Place would be a large energy user that could benefit from sourcing energy from local biomass or other renewables. A large producer of organic food waste, the hospital system could be engineered to use captured biogas (methane and carbon dioxide) to generate efficient energy through a combined heat and power (CHP) system. available by 2025. The Local Jobs Access Expanding the supply of local jobs increases the ability of people to live and work in Apple Valley. Decreasing the distance between work and home reduces regional travel. Providing a wide range of goods and services also reduces travel by enabling residents to shop locally. When more people live, work, and play within Apple Valley, the City will improve its self-reliance and resilience. Land Use Resilience is further built by diversifying land uses to support a variety of industries and by strengthening local networks of producers, consumers, and intermediary suppliers. Expanding the property tax base provides the City with financial resources needed to invest in services and facilities that enhance Apple Valley's environment. To sustain the economy, existing commercial and industrial properties need to be maintained for viable use. As Apple Valley ages, there will be greater need to monitor the condition of existing Imagine Apple Valley 2040 Apple Valley Economic Development 132 commercial structures and to promote the maintenance, enhancement, and operating efficiency of the existing community. Deferred maintenance can have harmful effects. By promoting property maintenance and encouraging reinvestment, Apple Valley hopes to avoid the conditions that create blight and require more complex and expensive city intervention. Imagine Apple Valley 2040 Apple Valley Economic Development 133 APPVaIIey ITEM: EDA MEETING DATE: SECTION: 4.B. May 24, 2018 Regular Agenda Description: Authorize Participation in an Economic Development Roundtable Between Greater MSP and Greater Memphis Staff Contact: Bruce Nordquist, Economic Development Director, Al CP Department/ Division: Community Development Department ACTION REQUESTED: Authorize participation in an Economic Development roundtable between Greater MSP and Greater Memphis. SUMMARY: Bill Goins, worldwide Account Manager for FedEx Healthcare Solutions has reached out to the City of Apple Valley Mayor Mary Hamann -Roland and Bruce Nordquist, to consider Apple Valley participation in a med tech business development roundtable in Memphis, Tennessee. The event, scheduled for June 6, 7, 8 has 3 objectives: 1. Share information on economic development plans and strategies. 2. Discuss potential areas for cooperation by sharing FedEx distribution networks centered in Memphis and Medtronic medical device distribution that benefits from the network and leverages the 30,000 working in the industry in Greater MSP. 3. Explore these long term business relationships as a catalyst to attract and grow the med- tech, med-device market in Greater MSP, specifically Apple Valley on available land in Orchard Place. June 6 and 8 are travel days and June 7 is an intensive day of information, demonstrations and next step planning to grow business. Attached is a more complete discussion provided by Bill Goins to Bruce Nordquist. • Bruce Nordquist is available to attend. • He compliments staff representation from DEED, City of Bloomington, Greater MSP and the multiple city, Metropolitan Council and med-tech leaders and representatives from our area. • The EDA, in the Operations Fund, has budgeted for economic development missions for the purpose of business development and seeks authorization for this specific trip. BACKGROUND: N/A BUDGET IMPACT: For budget purposes, an estimated cost of round trip airfare and two night stay is approximately $950.00. ATTACHMENTS: Background Material Nord. uist, Bruce Subject: From: Bill Goins Sent: Thursday, May 3, 2018 1:40 PM FW: An Economic Development er t Roundtable between Greater MSP and Greater Memphis on Thursday, Jure 7th Subject: An Economic Development Roundtable between Greater MSP and Greater Memphis on Thursday, June 7th Good afternoon to all.... Thank you to all for your feedback and support of this economic, educational and industry development set of discussions that are in the planning stages for this Minnesota Delegation traveling to Memphis during the first week ofiune. Re: rdin Peabod Hotel reservations fil: is to Mem • his and other tri • •tans toiisti s: 1) We are recommending a departure from MSP on Wednesday, Junth, (Delta has two afternoon non-stop departures out of MSP to MEM on the 6th, of either 2:20PM or :50PM), and a return to MSP from Memphis on Friday, June 8th, (Delta has a non-stop departure at 1 : 5 M, plus two other non - stops on this date, one earlier and one later, to MSP). While there is the earlier non-stop flight to MSP on Friday June 8th at 8:05AM, we are not recommending this flight, as we will be on the FedEx World Hub Tour until approximately 1: 0AM in the morning, the night before. If taking this early flight, could make for a very short night's sleep! 2) We have completed a contract with the Peabody Hotel in Downtown Memphis, (known for the Peabody Ducks), reserving a block of hotel rooms for your scheduling and payment convenience, (knowing that many on this Delegation are strictly under the Minnesota "no gift" government rules/laws and also we are following FedEx Government Affairs policies that apply). We have a web - link for the Peabody Hotel. 3) Regarding ground logistics/transportation while in Memphis, we are recommending the use of Uber or taxi for the trip to the Peabody Hotel on Wednesday afternoon/evening and the same on Friday morning's trip back to the Memphis Airport, with a Charter Shuttle Van for 20 people arranged for during the day on Thursday, June 7th. This Charter Shuttle will include the movement of the group during the dy ofJune 7th and also into the evening for the Flight SimulatorEcperienc nd the World Hub Tour. if there are any individual legal or governmental issues with FedEx providing this service for moving the group during the day ofiune 7th, please let me know. purpose of our trip: The Greater Minneapolis St. Paul region is a global leader in mod-tech/mod-device innovations. Greater Memphis region is a global leader in time definite express logistics industry known as the America's Aerotropolis. 1 The convergence of rapid growth in personalized healthcare and the demand for innovative, efficient, reliable, timely supply chain solutions provide a unique opportunity for the two regions to explore potential economic development opportunities. This Roundtable provides both public and private stakeholders from both region to: .. Share information on economic development plans/strategies; 2. Discuss potential area for cooperation; 3. Explore potential for a long term strategic relationship. White in Memphis o Jure 7th the Delegation will focus on these key sublet : 1) A set of strategic meetings with FedEx leadership on key industry development efforts in Minnesota, specifically focused on the Healthcare industry. In support of a key industry such as the Med-tech/Med-device industry of Minnesota, we will highlight that the FedEx networks span the globe, delivering to percent of the world economy. FedEx advocates for open trade...sin a our earliest days, FedEx has built its business on connections. We are at the nexus of the global economy and link people to possibilities around the world. We understand that education is the key to job growth in major markets such as in Minnesota, supporting the Healthcare industry and the hundreds of companiesthatare headquartered in this Market. 2) Discussions regarding the need for improving transportation infrastructure for economic and market competitiveness reasons in Minnesota, ta, Tennessee and throughout the USA. FedEx believes that sustainable transportation involves developing solutions that connect the world responsibly and resourcefully. Have a discussion on developing transportation solutions, including Ryprlop Technologies. 3) Debrief on the 2023 Expo bid and discuss global opportunities for a 2027 World Expo in Minnesota, that will be focused on Health and Wellness. With the strategic efforts focused on the theme of health and wellness, this supports the growth of a major industry, that Minnesota is well known for. 4) The Minnesota Delegation will participate with the Memphis Chamber of Commerce regarding the Memphis Aerotropolis framework nd to discuss the synergy of both Markets, focusing on how they could become more closely aligned in supporting and growing both Markets. 5) The sheduling of a tour of our FedEx World Hub on Thursday night, June 7th. The intent of this tour/experience is to better understand the FedEx Worldwide Express Operations, along with sometime in a FedEx flight simulator. A str te ic exam le of . tential follow-ufrom this visit b the Minnesota bele#tion: Related to the Aerotropolis framework, there are several key factors that highlight the Minnesota and the Memphis Markets. Specifically Memphis has the distribution capabilities and global hub and spoke system for moving commerce/freight, providing an order -processing cycle time window that is hard to replicate anywhere else in the world. At the same time, the Twin Cities has developed the "headquarters capabilities" of Marketing, R and D, Technical capabilities and other key resource positions and skill sets of a HO community, similar to what San Jose has become known for in the Silicon Valley. In addition, the MSP Airport has become an excellent example of the connectivity of moving people around the world, with non -stops to many major global markets. We believe this will lead to a strategic discussion of all parties regarding the Aerotropolis framework including the Minnesota Delegation, that will focus on how these two major Markets could and really do complement each other. 2 We also believe there is currently one specific company that showcases as an excellent example of using this theory/strategy in both Markets: Medtronic. As we know, Medtronic has become a major Market leader in Med-tech/Med-device Industry in Minnesota, plus, Medtronic has consolidated a major portion of their global distribution and supply chain activity in Memphis. If all plans come together on June 7th, we will have members f the Medtronic team, plus the Memphis Chamber of Commerce, joining the morning session at the Peabody Hotel. We are arranging a tour of the Medtronic Distribution Operations in the afternoon. Further agenda details are being planned at this time and will include discussions with FedEx leadership from a few key areas, along with presentations/discussions from members of our Minnesota Delegation and the Memphis Chamber of Commerce. Draft Agenda j s of this date for June 7th: The a: nda is comin. to:ether! At this time, we are planning to start the day of June 7th with Breakfast at the Peabody at SAM, followed awed by Welcome Remarks and Expectations for the day. Following this, we will have a panel discussion titled: Vision for the Medical Device Industry, followed by an opportunity for questions, answers and feedback. After a morning break, we will have another panel discussion titled: Vision for the A rotr p lis, followed by a question, answer and feedback session. Over a working lunch, we will have a session titled: What is on your mind? Also, what are next steps? After lunch, we are arranging a tour of the Medtronic Distribution Campus near the Memphis Airport. To wrap up the afternoon, we will travel to the FedEx Express Headquarters Campus for meetings/discussions with Senior FedEx Management. After Dinner, r, w will enjoy an experience in a FedEx Flight Simulator and wrap up the day with a tour of the FedEx Express World Hub Operations Fa r_t_i_c(pAntF From Greater MSP and Minnesota (in alphabetical order by fast names): 1. Chris Clark, President, Xcel Energy, Minnesota 2. Shawntera Hardy, Commissioner, Minnesota Department of Employment and Economic Development 3. John Hausladen, President, Minnesota Trucking Association 4. James Hovland, Chair of the Metro Council, Transportation Advisory Board, and Mayor of Edina 5. Eric Johnson, Community Development Director, City of Bloomington 6. Michael Langley, CEO of Greater MSP 7. David Loehr, Senior Director, primary architect behind the Expo 2023 efforts and designer of the plans for the Minnesota efforts for 2027, (continuing the theme of Health and Wellness) 8. Shaye Mandl, CEO of Medical Alley 9. Chuck Michael, Consulting Engineer, Global Design and Construction, Hyperloop Technologies 10. Mark Ritchie, Former Minnesota Secretary of State, leading the Expo 2027 efforts 11. Kalli Slavik, Mayor of Plymouth 12. Alene Tchourumoff, Chair, Metropolitan Council 13. Nick Thompson, Director, Metropolitan Transportation Services, Met Council 14. Bret Weiss, President/CEO, WSB & Associates 15. Gene Winstead, Mayor of Bloomington and strong supporter of the Minnesota Bid Committee for World Expo efforts 3 16. Charlie Zelle, Commissioner, Minnesota Department Transportation Invitees from Greater Memphis and Tennessee: 1. Bob Rolfe, Commissioner, Tennessee Department of Economic and Community Development 2. Jim Strickland, Mayor Memphis City 3. Berlin Boyd, Chairman of Memphis City Council 4. Mark Luttrell, Mayor Shelby County 5. Heidi Shafer, Chair Shelby County Commission 6. Keith McDonald, Mayor of Bartlett 7. John Threadgill, President of Bartlett Area Chamber of Commerce B. Phil Trenary, President of Greater Memphis Chamber 9. Scott Brockman, President Memphis Shelby County Airport Authority 10. Reid Dulberger, President Shelby County Economic Development Growth Engine 11. Steve Bares, President of Memphis Bioworks Foundation Please let me know of questions or any concerns, and we look forward to being able to "roll out the red carpet' for all of you in Memphis for this upcoming visit in June! Alt the best, Bill William E Goins Worldwide Account Manager FedEx Healthcare Solutions 4