HomeMy WebLinkAbout01/23/20 EDA Meeting•••
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Apple II
Valley
Meeting Location: Municipal Center
7100 147th Street West
Apple Valley, Minnesota 55124
January 23, 2020
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 December 26, 2019, Regular Meeting
4. Regular Agenda Items
A. Adopt Resolution Approving 2020 Board Officers
B. Greater MSP Update from Peter Frosch, CEO (30 minutes)
C. Adopt Resolution Approving Preliminary 2020 EDA Budget (5 minutes)
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
App Valley
ITEM:
EDA MEETING DATE:
SECTION:
3.A.
January 23, 2020
Consent Agenda
Description:
Approve Minutes of December 26, 2019, Regular Meeting
Staff Contact:
Joan Murphy, Department Assistant
Department / Division:
Community Development Department
ACTION REQUESTED:
Approve minutes of regular meeting of December 26, 2019.
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
December 26, 2019
Minutes of the special meeting of the Economic Development Authority of Apple Valley,
Dakota County, Minnesota, held December 26, 2019, at 6:15 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, City Attorney Mike
Dougherty, Community Development Director Bruce Nordquist, Finance Director Ron Hedberg
and Department Assistant Joan Murphy.
Meeting was called to order at 6:15 p.m. by President Hooppaw.
APPROVAL OF AGENDA
MOTION: of Hamann -Roland, seconded by Grendahl, approving the agenda. Ayes - 7 - Nays -
0.
CONSENT AGENDA
MOTION: of Bergman, seconded by Goodwin, approving the minutes of the meeting of
September 26, 2019, as written. Ayes - 7 - Nays - 0.
MOTION: of Bergman, seconded by Goodwin, approving the dates on the 2020 calendar and
the first meeting of 2021. Ayes - 7 - Nays — 0.
ZVAGO UPDATE
Community Development Director Bruce Nordquist provided an update on Village Pointe Plaza
at the "triangle" site.
Discussion followed.
CLOSE MEETING - ATTORNEY-CLIENT PRIVILEGE
MOTION: of Hamann -Roland, seconded by Grendahl, to enter into a closed meeting and
convene in closed session to discuss the interest in acquiring property at 5751 —
150th Street W. Ayes - 7 - Nays - 0.
The closed meeting took place in the Regent Conference Room at 6:34 p.m. In attendance were
President Hooppaw, Commissioners Bergman, Goodwin, Grendahl, Hamann -Roland, Johnson
and Melander; City Administrator Lawell, City Attorney Dougherty, Community Development
Economic Development Authority
City of Apple Valley
Dakota County, Minnesota
December 26, 2019
Page 2
Director Nordquist, Finance Director Ron Hedberg and Department Assistant Murphy. The
meeting was tape recorded as required by law. The EDA reconvened in open session at 6:54 p.m.
ADJOURNMENT
MOTION: of Hamann -Roland, seconded by Melander, to adjourn. Ayes - 7 - Nays - 0.
The meeting was adjourned at 6:55 p.m.
Respectfully Submitted,
/s/ Joan Murphy
Joan Murphy, Department Assistant
Approved by the Apple Valley Economic
Development Authority on Clint Hooppaw, President
App Valley
ITEM:
EDA MEETING DATE:
SECTION:
4.A.
January 23, 2020
Regular Agenda
Description:
Adopt Resolution Approving 2020 Board Officers
Staff Contact:
Joan Murphy, Department Assistant
Department / Division:
Community Development Department
ACTION REQUESTED:
Motion adopting the resolution appointing 2020 officers of the Economic Development
Authority.
SUMMARY:
The resolution organizing the Economic Development Authority provides that the offices of
President, Treasurer, and Secretary be elected annually. The appointments remain in effect
until the Board elects new officers. At the meeting of the Economic Development Authority
held March 28, 2019, the following officers were appointed:
President Clint Hooppaw
Vice -President Thomas Melander
Secretary Pamela J. Gackstetter
Treasurer John Bergman
Assistant Treasurer Pamela J. Gackstetter
A draft resolution is attached, with blanks to be completed, that can be adopted to appoint
the 2020 officers.
BACKGROUND:
N/A
BUDGET IMPACT:
N/A
ATTACHMENTS:
Resolution
APPLE VALLEY ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. EDA -20-
A RESOLUTION APPOINTING 2020 OFFICERS
FOR THE APPLE VALLEY ECONOMIC DEVELOPMENT AUTHORITY
WHEREAS, the Board of the Commissioners of the Apple Valley Economic
Development Authority has heretofore adopted Resolution No. EDA -90-1 which provided for
initial organization of the Board and adoption of Bylaws; and
WHEREAS, said Resolution specifies that the offices of President, Treasurer, and
Secretary shall be elected annually, as required by law; and.
WHEREAS, said officers were appointed on January 23, 2020; and
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Apple
Valley Economic Development Authority that it hereby appoints and approves the following
officers of the EDA for 2020:
President
Vice -President
Secretary
Treasurer
Assistant Treasurer
ADOPTED this 23rd day of January, 2020.
ATTEST:
Pamela J. Gackstetter, Secretary
Pamela J. Gackstetter
Pamela J. Gackstetter
, President
...
:••
...•
App Valley
ITEM:
EDA MEETING DATE:
SECTION:
4.B.
January 23, 2020
Regular Agenda
Description:
Greater MSP Update from Peter Frosch, CEO (30 minutes)
Staff Contact:
Bruce Nordquist, Community Development Director,
Al CP
Department / Division:
Community Development Department
ACTION REQUESTED:
Discussion only.
SUMMARY:
At a previous EDA meeting, some questions arose regarding the regional economic
development organization, Greater MSP. CEO Peter Frosch welcomes the opportunity to
meet with the EDA to provide an update on the work being done by the organization. The
meeting will be held in the Council Chambers and will be televised. The attachments
describe greater detail about Greater MSP, their analysis of our region compared to others,
and their Board, Investor and Partner make-up.
BACKGROUND:
Greater MSP uses global site selectors and professional economic development associations
as a network of connections that attract business to this Region. Apple Valley retained
Uponor and attracted Abdallah as two examples of success stories. Stream Global, if the
company had not been acquired and relocated out-of-state, would have been another
example. Mark Hebert had started phase two of the business campus as the Stream Global
location. Those buildings were converted to additional business suites which rapidly filled
and continue to be fully occupied.
BUDGET IMPACT:
Since 2011, the EDA has chosen to be a member at a cost of $10,000 annually based on
population.
ATTACHMENTS:
Background Material
Background Material
Background Material
MSP
REGIONAL
INDICATORS
DASHBOARD
2019
GREATER »MSP
Minneapolis Saint Peal Regional &anon, Development Partim'ship
African American
Leadership Forum
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THIS REGIONAL INDICATORS DASHBOARD is a set of shared metrics that tracks the
region's change on critical economic, environmental, and social outcomes. Measuring
change in the areas that matter most for continued long-term success will help improve
our region's economic competitiveness. 2019 is the fifth year of this effort.
MSP TREND: Reflects change between most current data available and the last prior data available.
All data reflects the 16 -county metropolitan statistical area (MSA) unless otherwise indicated.
PEER RANK: 1=BEST, 12=WORST The 11 peer regions are listed on the reverse of this document.
PEER TREND: (ARROW) Denotes change in MSP performance relative to previous year's peer ranking.
An electronic version of the Dashboard and full technical appendix can be found at greatermsp.org/regional-indicators
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ANNUAL
GROSS REGIONAL ANNUAL
PRODUCT GROWTH' JOB GROWTH
AVERAGE
WEEKLY WAGE
2.2°'° 1.7°'° $1,172
MSP TREND: BETTER
PEER RANK: 11
ANNUAL AMOUNT OF
VENTURE CAPITAL'
This data is for Minnesota
$708m
MSP TREND: BETTER
PEER RANK: 11
NET MIGRATION OF
25-34 YEAR OLDS
+7,837
PEOPLE
MSP TREND: WORSE
PEER RANK: 7
MSP TREND: SAME
PEER RANK: 9 4
VALUE OF
, EXPORTS
$19.18
MSP TREND: BETTER
PEER RANK: 8 <7>,
POPULATION
EMPLOYED IN
ADVANCED
INDUSTRIES
10.1%
MSP TREND: SAME
PEER RANK: 8 <->
MSP TREND: BETTER
PEER RANK: 6 b
PATENTS ISSUED
PER 1,000 WORKERS
JOBS PAYING A
FAMILY SUSTAINING
WAG E2
71.3%
MSP TREND: BETTER
PEER RANK: 1 'Cr
LOANS TO
BUSINESSES
UNDER $1M IN
REVENUE
1.66 $892M
MSP TREND: WORSE
PEER RANK: 6 b
FEMALES AGED
16-64 YEARS
WORKING
MSP TREND: BETTER
PEER RANK: 8 b
FOREIGN -BORN
POPULATION
AGED 16-64 YEARS
WORKING
77.3% 76.8%
MSP TREND: BETTER
PEER RANK: 1 b
MSP TREND: BETTER
PEER RANK: 2
INCLUSIVE GROWTH
WAGE GAP
WHITE - OF COLOR
(AGED 16-64 YEARS)
EMPLOYMENT GAP
WHITE - OF COLOR
(AGED 16-64 YEARS)
66.7% 8.6%
MSP TREND: BETTER
PEER RANK: 5
MSP TREND: BETTER
PEER RANK: 11 C -,i
ENTREPRENEURSHIP
NEW
ESTABLISHMENTS
dara Is for W. -sofa
9,336
MSP TREND: BETTER
PEER RANK: 12 <7i
ESTABLISHMENTS
SURVIVING 5 YEARS
This data is for 4flnnesota
54.4%
MSP TREND: WORSE
PEER RANK: 2 V
TALENT AVAILABILITY
POPULATION 25
WITH AN ASSOCIATE'S
DEGREE OR HIGHER
POPULATION 25+
WITH A BACHELOR'S
DEGREE OR HIGHER
52,0% 41.7%
MSP TREND: BETTER
PEER RANK: 3 C>
MSP TREND: BETTER
PEER RANK: 6 b
1) Real change based on Inflation-adjusted GRA chained to 2009 dollars. 2) Defined as the annual wage needed fa meet likely rninimum food childcare, health insurance, housing, transportation, and other basic
necessities for a lamely of hro working adults and Iwo children (MSP= $35.2561 per the MIT Living Wage Calculator. 3) Based an all deals reported to PwC.
CI
C.7
CIW
3RD GRADE
STUDENTS ACHIEVING
READING STANDARDS
Thrs data rs for ]4 -county area
WHITE
68.2°'
MSP TREND: WORSE
OF COLOR
MSP TREND: BETTER
POPULATION
THAT HAS ACCESS
TO ADVERTISED
BROADBAND SPEEDS
OF 1GB OR HIGHER
15.5"
MSP TREND: BETTER
PEER RANK: 8
PER CAPITA
WATER USAGE'
108
GAL/DAY
MSP TREND: N/A
PEER RANK: 4 b
POPULATION
THAT IS OBESE
26.0%
8TH GRADE
STUDENTS ACHIEVING
MATH STANDARDS
This data is for 14-couniyarea
WHITE
70.5°'°
MSP TREND: WORSE
OF COLOR
41.3°%
MSP TREND: SAME
NUMBER OF
DIRECT ROUTES OUT
OF MSP AIRPORT
167
MSP TREND: BETTER
PEER RANK: 6 <;*
POPULATION LIVING
WITHIN 10 MINUTE
WALK TO A PARK
This data is for urbanized are_ss only
HIGH SCHOOL
GRADUATION
RATE
This data is for 14 -county area
WHITE
88.0%
MSP TREND: BETTER
OF COLOR
70,6°%
MSP TREND: BETTER
HIGHWAY MILES
RATED IN "'GOOD"
CONDITION
This data Is ;sr J4 -county area
64.3°'
MSP TREND: WORSE
BRIDGES THAT ARE
RATED "POOR"
5.0°%
MSP TREND: BETTER
PEER RANK: 5 11 -
NUMBER
NUMBER OF DAYS
THAT AIR QUALITY
WAS "UNHEALTHY FOR
SENSITIVE GROUPS"
87.2O/0 5 DAYS/YEAR
MSP TREND: BETTER
PEER RANK: 1 b
NUMBER OF
VIOLENT CRIMES
COMMITTED PER
100K RESIDENTS
MSP TREND: WORSE
PEER RANK: 1 b
POPULATION 16+
WHO VOLUNTEERED
PAST YEAR'
283 49.P
MSP TREND: WORSE MSP TREND: BETTER
PEER RANK: 4 Q PEER RANK: 2 b
MSP TREND: N/A
PEER RANK: 1
HIGH SCHOOL
GRADUATES
ENROLLING IN
POST -SECONDARY
EDUCATION'
This data is tar 14coumy area
78.3%
MSP TREND: WORSE
ANNUAL HOURS
OF DELAY PER
COMMUTERS
47
MSP TREND: N/A
PEER RANK: 3,5: 5
ENERGY RELATED
CARBON DIOXIDE
EMISSIONS
PER CAPITA
This dale is for Minnesota
16.2
METRIC TONS
MSP TREND: WORSE
PEER RANK: 9 V
MEDIAN HOME
PURCHASE PRICE
$273,400
11
TALENT PIPELINE
3 -YEAR GRADUATION
RATE AT 2 -YEAR
INSTITUTIONS
This data is for Minnesota
6 -YEAR GRADUATION
RATE AT 4 -YEAR
INSTITUTIONS
52.7% 63.8%
MSP TREND: BETTER MSP TREND: BETTER
PEER RANK: 3 Q PEER RANK: 5 p
JOB ACCESS
POPULATION LIVING
WITHIN 30 MINUTES
OF 100,000 JOBS BY
TRANSIT OR WALKING
POPULATION
WITH COMMUTES
LESS THAN
30 MINUTES
4.9% 62.7°%
MSP TREND: BETTER MSP TREND: WORSE
PEER RANK: 5 Q PEER RANK: 1 '
MSP TREND: INCREASING
PEER RANK: 5 b
ENERGY COMPETITIVENESS
ELECTRICITY
COST'
7.8CENTS/KWH
MSP TREND: WORSE
PEER RANK: 9
ELECTRICITY PRODUCED
FROM NON -CARBON
SOURCES
58.0°%
MSP TREND: BETTER
PEER RANK: 2 4
HOUSING AFFORDABILITY"
COST -BURDENED
HOUSEHOLDS'
ANNUAL
CHANGE IN MEDIAN
APARTMENT RENT10
29.7% 4.8°x°
MSP TREND: BETTER
PEER RANK: 2 b
MSP TREND: WORSE
PEER RANK: 7
4) Withir, 2 years oT graduation,. 5) No new data available. 6) No now data available. 7) Average Inrlu5lrlal rale. 8) No trend available, data methodology changed 9) Households Ilial pay 30% or more of their
income 011 monthly horsing costs, renters arid homeowners will, a mortgage. 10) For 2 bedroom aparlmenls only, 11) For 11,ese indicator, peer rank at 1 means most affordable.
19_rLIS tlMIDR
2411a*1[IIZIO
i1*i :T1P17:L1EICP
GROSS REGIONAL
PRODUCT
$260.18
MSP TREND: INCREASING
PEER RANK: 7 a
GROSS REGIONAL
PRODUCT PER CAPITA
$72,239
MSP TREND: INCREASING
PEER RANK: 6
MEDIAN
HOUSEHOLD INCOME
$76,856
MSP TREND: INCREASING
PEER RANK: 4 b
LABOR FORCE
PARTICIPATION RATE
72.0%
MSP TREND: INCREASING
PEER RANK: 1 b
TOTAL JOBS
1.9m
MSP TREND: INCREASING
PEER RANK: 7 b
UNEMPLOYMENT RATE
ANNUALIZED"
2.7%
MSP TREND: DECREASING
PEER RANK: 1 Q
TOP TIER TAX RATES
CORPORATE TAX
This data is for Minnesota
9.8%
MSP TREND: SAME
PEER RANK: 2ND HIGHEST
TOP TIER TAX RATES
PERSONAL INCOME TAX"
This data is for Minnesota
9,85%
MSP TREND: SAME
PEER RANK: 3RD HIGHEST
POVERTY RATE
WHITE
5.1%
MSP TREND: DECREASING
PEER RANK: 1 C
POVERTY RATE
PEOPLE OF COLOR
18.P
MSP TREND: DECREASING
PEER RANK: 10 Q
12) In this case 1 means the lowest rate of the peer cities 13) For those making more than $273,151 (married joint); or $163,891 (single)
Peer regions were selected based on demographic
and economic characteristics, location, evidence of
competition with MSP for business or talent, and
positive economic trajectory.
ATLANTA
AUSTIN
BOSTON
CHARLOTTE
CHICAGO
DALLAS -FT. WORTH
DENVER
PITTSBURGH
PORTLAND, OR
SAN FRANCISCO
SEATTLE
The creation of the 2019 dashboard was led by a
collaboration of the following research partners:
GREATER MSP
WILDER RESEARCH/MINNESOTA COMPASS
THE ITASCA PROJECT
CENTER FOR ECONOMIC INCLUSION
MEDICAL ALLEY ASSOCIATION
THE METROPOLITAN AIRPORTS COMMISSION (MAC)
MINNESOTA DEPARTMENT OF EMPLOYMENT AND
ECONOMIC DEVELOPMENT
NATIONAL ASSOCIATION OF REALTORS
TRUST FOR PUBLIC LAND
UNIVERSITY OF MINNESOTA CENTER FOR
TRANSPORTATION STUDIES
XCEL ENERGY
POPULATION
3.6M
MSP TREND: INCREASING
PEER RANK: 7 `--,)'
POPULATION
GROWTH
1.4%
MSP TREND: INCREASING
PEER RANK: 6 Q
POPULATION
OF COLOR
24.4%
MSP TREND: INCREASING
PEER RANK: 11tr,`i
MSP REGIONAL INDICATORS DASHBOARD COMPANIONS
Five years of data collection and analysis through the MSP Indicator Dashboard
revealed areas that deserve closer examination, including racial inclusion and
innovation. Thanks to the Center for Economic Inclusion and Forge North, new
took exist in 2019 that disaggregate data for the Minneapolis -Saint Paul region
in these priority areas. These are companions to the MSP Indicator Dashboard
and part of a larger effort to track our region's economic performance in the
areas that matter most to our future competitiveness.
INDICATORS OF AN INCLUSIVE REGIONAL ECONOMY
centerforeconomicinclusion.org/msp-economic-inclusion-indicators
REGIONAL INNOVATION INDICATORS
forgenorth.com/Dashboard
I:101111 Dljj1L;l*II1Il;TIlj
GENERATION NEXT
gennextmsp.org/data
METROPOLITAN COUNCIL DATA & MAPS
metrocouncil.org/Data-and-Maps/Data.aspx
MINNESOTA CHAMBER OF COMMERCE BUSINESS BENCHMARKS
mnchamber.com/benchmarks
MINNESOTA COMPASS
mncompass.org
MINNESOTA DEPARTMENT OF EMPLOYMENT
AND ECONOMIC DEVELOPMENT
mn.gov/deed/data
MINNESOTA STATE DEMOGRAPHIC CENTER
mn.gov/admin/demography/data-by-topic/
BROOKINGS METRO MONITOR
brooki ngs.ed u/research/metro-mon itor-2019/
Printing courtesy of Thomson Reuters
Peter Frosch
Peter.Frosch@greatermsp.org
Peter Frosch became chief executive officer of GREATER MSP, the Minneapolis -St. Paul regional
economic development partnership, in March 2019. As CEO, Frosch is responsible for leading the global
strategy for economic development and job creation for the greater Minneapolis- St. Paul region, with
3.6 million residents and a Gross Metropolitan Product of more than $260 billion.
Prior to being named CEO, Frosch served as Senior Vice President of Strategy & Partnerships and Chief
of Staff. In this capacity, he created the MSP Regional Indicators Dashboard, a regional performance
measurement now being replicated across the United States, and Make it. MSP., the talent retention
and attraction initiative recognized by the International Economic Development Council as a leading
initiative in economic development nationwide.
Before joining GREATER MSP in January 2013, Frosch served as Legislative Director for Congresswoman
Betty McCollum in Washington, D.C., and also previously served as Director of Environmental Policy at
Environmental Initiative, a Minneapolis-based nonprofit.
Frosch earned a bachelor's degree in History and American Studies from Northwestern University where
he graduated Phi Beta Kappa, and earned a master's degree in International Relations from Dublin City
University in Ireland, where he studied as a George Mitchell Scholar. He lives in Saint Paul with his wife
Anne and their two young children.
Favorite Regional Asset:
Como Park & Zoo
BOARD MEMBERS
Chair
Tim Welsh 1 Vice Chairman, Consumer and Business Banking, U.S. Bancorp
Vice Chairs
Rick King 1 EVP, Operations, Thomson Reuters
Ginny Hubbard Morris 1 Chair and CEO, Hubbard Radio
Ravi Norman 1 CEO, Norman Global Enterprises
Treasurer
Dennis Dahlen 1 CFO, Mayo Clinic
Secretary
Kate Wolford 1 President, The McKnight Foundation
CEO
Peter Frosch 1 CEO, GREATER MSP
Directors
Douglas Baker, Jr. 1 Chairman and CEO, Ecolab
Andy Bessette 1 EVP and CAO, The Travelers Companies
Mayor Melvin Carter III 1 City of Saint Paul
Albert J. Colianni, Jr. 1 CEO, Marquette Companies LLC
Gary L. Cunningham 1 President and CEO, Meda
David Dines 1 CFO, Cargill, Inc.
Beth Ford 1 President and CEO, Land O'Lakes, Inc.
Ben Fowke 1 Chairman, President and CEO, Xcel Energy
Mayor Jacob Frey 1 City of Minneapolis
Commissioner Kathleen Gaylord 1 Dakota County
Commissioner Marion Greene 1 Hennepin County
Steve Hockett 1 CEO, Great Clips
Tina Hoye 1 President and Principal, NTH, Inc.
Dan Johnson 1 President and CEO, M.A. Mortenson Company
Eric Jolly 1 President and CEO, Saint Paul and Minnesota Community Foundations
Eric Kaler 1 President, University of Minnesota
Philip Kaufman 1 CEO, UnitedHealthcare of MN, ND, SD
J.D. Keller 1 Regional VP, Comcast
Amy Langer 1 Co -Founder, Salo LLC
Jay Lund 1 Chairman and CEO, Andersen Corporation
Mayor Mike Maguire 1 City of Eagan
Audrey Manacek Lucas 1 Senior Partner, McKinsey & Company
Tim McGough 1 EVP, Principal -In -Charge, McGough Construction
John Naylor 1 President and CEO, Medica
Jon Nudi 1 President, North American Retail, General Mills
Laura Oberst 1 EVP and Head of Business Banking, Wells Fargo
Michael O'Leary 1 Managing Partner, EY
Commissioner Victoria Reinhardt 1 Ramsey County
R.T. Rybak 1 President and CEO, The Minneapolis Foundation
David Saggau 1 President and CEO, Great River Energy
Craig Samitt 1 President and CEO, Blue Cross Blue Shield Minnesota
Kamy Scarlett 1 Chief HR Officer, Best Buy
Commissioner Scott Schulte 1 Anoka County
Todd Senger 1 Market President, BMO Harris Bank
Christine Sovereign 1 Senior Managing Director, Accenture
John Stanch 1 President and CEO, Pentair
Julie Sullivan 1 President, University of Saint Thomas
Carol Surface 1 Chief HR Officer, Medtronic
Commissioner Jon Ulrich 1 Scott County
Charles Vig 1 Tribal Chairman, Shakopee Mdewakanton Sioux Community
Andrea Walsh 1 President and CEO, HealthPartners
Pat Walsh 1 Senior Client Partner, Korn Ferry
Laysha Ward 1 EVP and Chief External Engagement Officer, Target
Kevin Warren 1 COO, Minnesota Vikings
Commissioner Lisa Weik 1,Washington County
PARTNER COUNCIL
Paving the way together.
The Partner Advisory Council is a body of over 40 leaders and practitioners involved
in economic development throughout the Greater MSP region. The Partner Advisory
Council's combination of private, public, nonprofit and academic leaders is unique in
our region.
The Council meets quarterly as a full group and regularly in small working
groups for the following purposes:
• Discuss, coordinate and execute activities of the regional economic development partnership,
including implementation of the regional economic development strategy
• Maintain the partnership's "operational protocols" that govern local project execution
• Inform regional marketing activities and communication outreach
• Address challenges and opportunities for regional product improvement, including providing
the GREATER MSP Board of Directors with recommendations for continuous regional
improvement
The GREATER MSP Partner Advisory Council was established in 2012 by the
organization's bylaws as the representative body of our region's economic
development partnership and core insight network for the Board of Directors.
Partner A visory o ci a ers
Russ Nelson, Co -Chair 1 NTH, Inc.
Ravi Norman, Co -Chair 1 THOR Companies, Inc.
Commissioner Victoria Reinhardt, Co -Chair 1 Ramsey County
Margaret Anderson Kelliher 1 Minnesota High Tech Association
Bill Blazar 1 Minnesota Chamber of Commerce/Grow MN!
Paul Cerkvenik 1 Minnesota Private College Council
Greg Chamberlain 1 Xcel Energy, Inc.
Dr. Bruce Corrie 1 City of Saint Paul
Stacy Crakes 1 Scott County Association for Leadership & Efficiency
Steve Cramer 1 Minneapolis Downtown Council
Jim Deal 1 Metropolitan Airports Commission
Caren Dewar 1 Urban Land Institute Minnesota
Commissioner Tim Dolan I Sherburne County
Maura Donovan 1 University of Minnesota
Wayne Elam 1 Commercial Realty Solutions
Chris Eng 1 Washington County
Deborah Everson 1 Carver Vounty
Patricia Fitzgerald 1 Hennepin County
David Frank 1 City of Minneapolis
Julia Frick ( Carver County CDA
Bill Gray 1 Uponor
Don Haller, Jr. 1 Connexus Energy
Casey Hankinson 1 Ryan Companies
Jeremy Hanson Willis 1 Minnesota Department of Employment and Economic
Development
Commissioner Shawntera Hardy 1 Minnesota Department of Employment and
Economic Development
Nancy Hoffman 1 Chisago County
Mayor James Hovland 1 City of Edina/Regional Council of Mayprs
Adam Kienberger 1 Economic Development Association of Minnesota
Janna King 1 Isanti County
Wes Kooistra 1 Metropolitan Council
Lee Krueger 1 Saint Paul Port Authority
B. Kyle 1 Saint Paul Area Chamber of Commerce
Tom Lambrecht 1 Great River Energy
Kim Lindquist 1 City of Rosemount
Shaye Mandle I Medical Alley Association
Kevin McKinnon 1 Minnesota Department of Employment and Economic
Development
Loren Nelson I Aurelius Manufacturing Company
Duane Northagen 1 Wright County Economic Development Partnership
Mary Rothchild 1 Minnesota State
Brian Ryks 1 Metropolitan Airports Commission
Julia Silvis 1 Itasca Project
Vicki Stute 1 Minnesota Chamber of Commerce
Ned Tarbox 1 CoreNet Global
Erik Thorvig 1 Anoka County
Roxy Traxler 1 Sibley County SEDCO
Charlie Weaver 1 Minnesota Business Partnership
Jonathan Weinhagen 1 Minneapolis Regional Chamber of Commerce
Kevin Wetherille 1 Jaspers, Moriarty & Wetherille
Mayor Gene Winstead 1 City of Bloomington
David Wright 1 U.S. Bancorp/BOMA
INVESTORS
(yet involved today, Looking) for more informatiouri about o .
Investors, or hovi, to he°come one' Contact Peter Kaiser.,
Manager of Investor f atlons at 651-2874348.
Go '° al ieadershin starts wit oca i vo vee t
The Greater Minneapolis Saint Paul Region is positioned to lead the world in solving
its most important challenges, now and in the future — and the Investors and partners
of GREATER MSP are helping ensure positive outcomes every day.
Thank you to the following GREATER MSP investors for
your generous support and partnership.
It's only because of the generosity of our Investors that GREATER MSP continues to bring our
mission to life: accelerating job growth and capital investment in the region by effectively telling
our story to key decision -makers across the country, retaining and attracting top talent, and
working with our partners to ensure our sectors of strength continue to grow and emerge as
global leaders.
Acara Solutions
Accenture
Allina Health 1 Aetna
Andersen Corporation
Anoka County
APi Group, Inc.
Apogee Enterprises, Inc.
Augsburg University
Avison Young
Bank of America Merrill Lynch
Best Buy Corporation
Bethel University
Blue Cross & Blue Shield of Minnesota
BMO Harris
BNSF Railway
Braun Intertec Corporation
Bremer Bank
Briggs and Morgan
C.H. Robinson Worldwide Inc.
Capsule
Cardinal Glass Industries, Inc.
Cargill
Carver County
Catholic Charities of St. Paul & Minneapolis
CenterPoint Energy
Chisago County
City of Apple Valley
City of Bloomington
City of Chaska
City of Eagan
City of Edina
City of Minneapolis
City of Minnetonka
City of Rosemount
City of Saint Paul
City of St. Louis Park
Colliers International I Minneapolis - St. Paul
Concordia University, St. Paul
Cozen O'Connor
CSM Corporation
Dakota County
Dakota Electric Association
Deloitte
Delta Air Lines Inc.
Dorsey & Whitney, LLP
Duke Realty
Ecolab
EY
Faegre Baker Daniels
FedEx Corporation
Frattalone Companies, Inc.
Gallagher Benefit Services, Inc.
General Mills
Genesis10
Gensler
Goff Public
Grant Thornton
Great Clips
Great River Energy
HealthPartners
Hennepin County
HGA Architects & Engineers
Hubbard Broadcasting, Inc.
Isanti County
Jefferson Lines
JLL
JPMorgan Chase & Co.
Korn Ferry
KPMG
Kraus-Anderson Companies
Kruskopf and Company
Land O'Lakes Inc.
Larkin Hoffman
Lurie
M.A. Mortenson Company
Mairs and Power
Mall of America
Mayo Clinic
McGough
McGrann Shea Carnival Straughn & Lamb
McKinsey & Company
MEDA
Medica
Medtronic PLC
Mercer
Metropolitan Airports Commission
Minneapolis Area Association of REALTORS
Minnesota State '
Minnesota United FC
Minnesota Vikings
Minnesota Wild
Nelson Worldwide, Inc.
NTH, Inc.
Oliver Wyman
Padilla
Park Dental
Pentair
Pohlad Companies
+ Carousel Motor Group
+ Cushman & Wakefield 1 Northmarq
+ JB Hudson Jewelers
+ Minnesota Twins
+ Northern Lights Broadcasting 1 Go 96.3
+ Northmarq Capital
+ River Road Entertainment
+ United Properties
Polaris Foundation
Protiviti Inc.
PwC
Ramsey County
RBC Wealth Management
RSP Architects
Ryan Companies US, Inc.
Saint Paul Port Authority
Salo, LLC
Savills Studley
Scott County (Scale)
+ City of Belle Plaine
+ City of Elko New Market
+ City of Jordan
+ City of New Prague
+ City of Prior Lake
+ City of Savage
+ City of Shakopee
Securian Financial Group
Shakopee Mdewakanton Sioux Community (SMSC)
Sherburne County
Sit Investment Associates
Smiths Medical
Star Tribune Media Company
StevenDouglas
Target
The McKnight Foundation
The Minneapolis Foundation
The PNC Financial Services Group, Inc.
The Saint Paul and Minnesota Community Foundations
The Travelers Companies
Thomson Reuters
Thrivent Financial
Transwestern
U.S. Bancorp
United Health Group
UniN :a• of Minnesota
Un s of St. Thomas
U ponor
Washington County
Wells Fargo Bank
Wright County
WSB
...
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App Valley
ITEM:
EDA MEETING DATE:
SECTION:
4.C.
January 23, 2020
Regular Agenda
Description:
Adopt Resolution Approving Preliminary 2020 EDA Budget (5 minutes)
Staff Contact:
Ron Hedberg, Finance Director and Bruce Nordquist
Community Development Director
Department / Division:
Community Development Department
ACTION REQUESTED:
Adopt Resolution Approving 2020 EDA Budget
SUMMARY:
The proposed 2020 budget, approved by the City Council in their annual budget, includes
the Economic Development Operations Fund. The proposed budget includes the anticipated
activities in 2020. If the need arises to address development opportunities, such as Business
Retention, Expansion and Attraction (BREA) activities, future action would be requested to
address the need. Enclosed are the pages from the budget document that relate to this fund
and its use by the EDA.
BACKGROUND:
Possible activity areas in 2020 and 2021 include:
• Anticipate trade/business development mission of a national and global destination as
they present themselves.
• Continue as a member of GREATER MSP, the regional economic development
organization with national and global contacts for local business development.
• Continue the "Open to Business" small business development service with the Dakota
County CDA and Metropolitan Consortium of Community Developers.
• Continue the master planning of the Mixed Business Campus (MBC) with the identified
developer, Rockport LLC.
• Facilitate repositioning and improvement of properties within the quadrants of CR42
and Cedar Avenue.
• Manage City/EDA owned property until development.
• With a fully occupied and updated Education Building apply a portion of lease
revenues toward EDA business development initiatives.
With a fully occupied and updated old City Hall in 2018, a portion of lease revenues will be
applied as a management fee reflecting the staff time required to manage the property with
the fee directed toward EDA business development initiatives. The projected 2020
management fee is $50,000 and the year-end fund balance is $208,910.
BUDGET IMPACT:
ATTACHMENTS:
Resolution
Budget
CITY OF APPLE VALLEY
ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. EDA 20 -
RESOLUTION APPROVING 2020 PROPOSED BUDGET
WHEREAS, the Apple Valley Economic Development Authority has reviewed the
proposed 2020 operating budget set forth in this resolution; and
WHEREAS, the Economic Development Authority desires to adopt an operating budget for
management purposes; and
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Apple
Valley Economic Development Authority, Minnesota, that revenue and expenditure budgets for
2020 shall be as included below in this resolution and as supported by the detailed document, as
revi sed.
2020
Revenues:
Building Management Fee $ 50,000
Investment Earnings $400
Total Revenues $50,400
Expenditures:
Wages & Benefits 580
Consultant Services $8,000
Dues & Subscriptions $12,650
Total Expenditures $21,230
ADOPTED this th day of , 2020, by the Apple Valley Economic
Development Authority Board of Commissioners.
Clint Hooppaw, President
ATTEST:
Pamela J. Gackstetter, Secretary
COMPANY DEPARTMENT BUSINESS UNIT ACTIVITY
3210 93 3212 EDA Operations Fund
DESCRIPTION OF ACTIVITY
The EDA Operations fund was created many years ago and focused on the activities related to
the Valley Business Park development, including a revolving loan program and the
development and sale of commercial lots. That activity was completed and the EDA Operations
fund assists the EDA in supporting business development opportunities as they arise.
MAJOR OBJECTIVES FOR 2020 and 2021
• Anticipate trade/business development mission of a national and global destination as
they present themselves.
• Continue as a member of GREATER MSP, the regional economic development
organization with national and global contacts for local business development.
• Continue the "Open to Business" small business development service with the Dakota
County CDA and Metropolitan Consortium of Community Developers.
• Continue the master planning of the Mixed Business Campus (MBC) with the identified
developer, Rockport LLC.
• Facilitate repositioning and improvement of properties within the quadrants of CR42 and
Cedar Avenue.
• Manage City/EDA owned property until development.
• With a fully occupied and updated old City Hall in 2017 and 2018, apply a portion of
lease revenues toward EDA business development initiatives.
IMPACT MEASURES / PERFORMANCE INDICATORS
Item
Jobs added (perm. and const.)
Open to Bus./AV Clients Served
Actual Actual Actual Projected Projected Projected
2016 2017 2018 2019 2020 2021
400 650 500
16 8 10
500
500 500
10 10 10
2020 CAPITAL OUTLAY: None
Summary Budget
Department 93 EDA Operations Fund
2016
2017
2018
2018
2019
2020
2021
Actual
Actual
Actual
Adopted
Adopted
Proposed
Proposed
Revenue:
Building MgntFee
-
-
50,000
50,000
50,000
50,000
50,000
County Grants- Parking Lot
83,396
-
-
-
-
-
-
MC Grant
-
-
1,148,639
-
-
-
-
Admin Fees -Other Funds
Investment Earnings
-
13,292
-
937
-
14,849
-
1,500
-
150
-
400
400
96,688
937
1,213,488
51,500
50,150
50,400
50,400
Expenditures:
Salaries & Wages
582
520
416
-
520
535
550
Emp. Benefits
49
40
33
-
40
45
50
Supplies
-
-
-
-
-
-
-
Contactual Serv.
24,500
7,766
-
7,500
7,800
8,000
8,000
Training/Travel/Dues
10,175
10,175
19,730
31,250
31,250
12,650
12,650
Developer Asstistance
800,000
-
574,320
-
574,320
-
-
Capital outlay
352,415
-
-
-
-
-
-
Total Expenditure
1,187,721
18,501
594,499
38,750
613,930
21,230
21,250
Fund Balance
Beginning
1,233,128
142,095
124,531
124,531
743,520
179,740
208,910
Ending
142,095
124,531
743,520
137,281
179,740
208,910
238,060
2020 CAPITAL OUTLAY: None
CITY OF APPLE VALLEY
2020 BUDGET
ACCOUNT DETAIL
DEPT 93: EDA OPERATIONS FUND -3212
COMPANY 3210: EDA OPERATIONS
ACC'T
DESCRIPTION
2018
COUNCIL
ADOPTED
2019
COUNCIL
ADOPTED
2019
YEAR END
PROJECTED
2020
DEPT
PROP
2020
ADMIN
RECOMMEND
2021
DEPT
PROP
2021
ADMIN
RECOMMEND
SALARIES
6110 Regular Employees
6138 Medicare
Total
520
40
520
40
535
45
535
45
550
50
550
50
-
560
560
580
580
600
600
6235 CONSULTANT SERVICES
Miscellaneous - MCCD
7,500
7,800
8,000
8,000
8,000
8,000
8,000
Total
7,500
7,800
8,000
8,000
8,000
8,000
8,000
6276 SCHOOL/CONF/EXP - OTHER
Economic Development-UPONOR
Nordic Business Development Trade
Mission (3 @ 5500)
16,500
16,500
-
-
Total
16,500
16,500
-
-
-
-
-
6278 SUBSISTANCE ALLOWANCE
Economic Development-UPONOR
Nordic Business Development Trade
Mission (3 for 7 days @ $100)
2,100
2,100
2,100
-
-
Total
2,100
2,100
2,100
-
-
-
-
6280 DUES & SUBSCRIPTIONS
Membership in local chapters of nordic
Chambers of Commerce
1,500
1,500
1,500
1,500
1,500
1,500
1,500
Greater MSP
10,350
10,350
10,350
10,350
10,350
10,350
10,350
Sister City
800
800
800
800
800
800
800
Total
12,650
12,650
12,650
12,650
12,650
12,650
12,650
Total Net of Personnel
38,750
39,050
22,750
20,650
20,650
20,650
20,650
TOTAL EXPENSES
$ 38,750
$ 39,610
$ 23,310
$ 21,230
$ 21,230
$ 21,250
$ 21,250
Minneapolis Saint Paul Regional Economic Development Partnership
Apple Valley
January 23, 2020
The Greater MSP Region
260 BILLION
Arli MIS
GREATER •MSP
Partnership
GREATER MSP Partnership is our region's team
GREATER SEATTLE
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GREATERI> MSP
4inrea;;o!is Sa•n- Pau! Regicnal Economic Deveionment Partnership
We are a public-private partnership of leaders
working together to accelerate regional
competitiveness and inclusive economic growth.
4500 leaders
300 organizations
20 professional staff
1 region
WE TRACK THE REGION'S ECONOMIC
PERFORMANCE, BENCHMARK U.S.
COMPETITORS & SET GOALS
MSP
MSP REGIONAL
REGIONAL INDICATORS
INDICATOR DASHBOARD
,;;o DASHBOAF 2019
PEGIOHAI 2018
5o iticicnT01
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WE CREATE THE REGIONAL ECONOMIC
DEVELOPMENT STRATEGY
WE GROW JOBS & CAPITAL INVESTMENT
175 Projects
26,000 Jobs
i:] 3.6 B investment
WE ALIGN PARTNER ORGANIZATIONS & WE BUILD THE BRAND IMAGE OF THE
EXECUTE THE STRATEGY AT SCALE REGION AROUND THE U.S. & THE WORLD
Talent
Start-ups & Innovation
Diversity, Equity & Inclusion
lbal Food & Agriculture
Global Air Connectivity
GREATER:' MSP
Partnership
Partnership
MISSION
Partnership
VALUES
The Greater MSP
region leads the world
in inclusive economic
growth by welcoming
all, empowering talent
& igniting innovation.
The GREATER MSP
Partnership accelerates
regional competitiveness
and inclusive economic
growth through job
creation, capital
investment & execution
of strategic initiatives.
Accountability
Alignment
Inclusion
Innovation
Transparency
The GREATER MSP Partnership is finishing 2019 strong and in a
strengthened position. By working as a true partnership, we
achieved significant near- and long-term impact for the economy
over a wide range of areas, and in a relatively short period.
BIG WINS FOR THE REGION
\I)
Direct routes to Seoul, Dublin, Mexico City
1.75m people reached in nat'l digital talent campaigns
5000 people took a step toward staying or coming to MSP
New digital "Compass" to connect start-ups with solutions
Goals & ambitions for the region's economy
GREATER>MSP
Partnership
NEW CAPABILITIES
✓ Launched Forge North as new Strategic Initiative
✓ Strategic integration with other civic entities (Itasca
Project; Regional Chambers; MBP; Met Council)
✓ Refreshed GMSP website & brand
✓ Strengthened GMSP financial foundation with
adjustment to fair share investment formula
NOTABLE "FIRSTS"
Joint Nat'l Media Trip to New York City
Make It. MSP. starts national on -campus recruiting
Forge North begins recruiting global investment
Sub -regional job creation projects with counties & cities
GREATER •MSP
Partnership
Regional
Strategic
Objectives
The work of 300+
organizations
Result of 5+ years of
analysis & implementation
Objectives are connected
& interdependent
STRATEGIC
INITIATIVE
PORTFOLIO
Over the past 3 years, GREATER
MSP developed a portfolio of
strategic initiatives to execute the
regional strategy at scale. This
structure is the first of its kind in
the U.S.
Each Strategic Initiative aligns the
capabilities of dozens of our
region's leading companies,
universities, agencies and
foundations. Leaders work in
teams to create innovative
solutions to a shared challenge.
The results from the Strategic
Initiatives are receiving national
attention and scaling quickly.
• Talent & HR Leaders
• Professional Associations
Colleges & Universities
NORTH"
• Entrepreneurs
Investors
• Corporate innovators
vv) • Young Adults
- Employers
- Career Prep Groups
STRATEGIC INITIATIVE
EXECUTION HUB
Led by Staff of
GREATER ,MSP
Partnership
C _
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gENTEROCCITI.ES
•
- Consurner-facing Companies
- Farmer -facing Groups
• Research -facing Institutions
Metropolitan Airport
Commission
• Airlines
Employers
- County Governments
• Workforce Boards
• Employers
Innovative Solutions
INDICATORS
DASHBOARD
MSP
REGIONAL
INDICATORS
DASHBOARD
2019
COMPASS
PROJECT
FORGE NORTH
RESOURCE COMPASS
Find the resources you need to start, scale
and sustain your venture.
4nd ac -.cu, .r.
WORKPLACE
INCLUSION TOOLKIT
BE MSP
BE MSP Workplace Toolkit
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2018 MSP
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GREATER TOGETHER
TALENT MIGRATION
By 2030, the Greater
MSP region will be one
of the country's top 10
metros in retaining &
attracting people.
10 -YEAR REGIONAL AMBITIONS
First 3 of 9
STARTUPS & INNOVATION
By 2030, the Greater MSP
region will be the best place
for people from every
background to start & scale
ventures that create wealth
by solving global challenges
JOB GROWTH
By 2030, the Greater MSP
region will be in the top 5
in our peer set for job
growth to ensure
opportunity exists for all
residents of our region.
GREATERMSP
Partnership
2020 COLLABORATION OPPORTUNITIES
Discussion draft
Lead in the Region
• Set 2030 Ambitions
• Housing Affordability
• Transportation Mobility
• Workforce Development
• Others ....
• Business Investment 2.0
• Board Task Force begins in Feb
AppValley
Leverage Regional Assets
Business
Investment
Start-ups &
Innovation
MSP
FORGE NORTH
Talent Retention
& Attraction MAKE IT. MSR
Workforce
Development
GREATER
METROPOLITAN
WORKFORCE COUNCIL
+ GREATER •MSP
Partnership
Collaborate on County
Projects
GREATER *MSP
Partnership
Sectors of Strength
FINANCIAL ADVANCED MANUFACTURING HEALTH &
SERVICES & TECHNOLOGY LIFE SCIENCES
• Financial Advisory
• Banking
• Insurance
• R&D Centers •
• Software/IT •
• Advanced •
Manufacturing
• Energy/Renewables •
Bio Tech
Healthcare Providers
Healthcare Payers
and IT
Medical Devices
HEADQUARTERS &
BUSINESS SERVICES
Corporate
Headquarters
• Creative Services
• Professional Services
• Data Centers
• Law firms
FOOD & WATER
SOLUTIONS
• Food Processors
• Food Production
• Agribusiness
• Nutrition
• Water Filtration
• Water Purification
GREATER .MSP
Partnership
5 KEY INSIGHTS Dashboard Data 2015-2019
RACIAL
INCLUSION
34% decrease
in racial
employment gap
Our region is making
real progress on
including people of
color in the workforce
but progress is coming
far too slowly and the
gains are vulnerable to
an economic
contraction. The
success we see in peer
regions proves we need
bolder ambition and
bolder action at a
regional scale.
A REGION THAT
WORKS
3.6% increase
in Female Labor
participation rate
The high rate of
participation of women
in our workforce is an
important part of our
region's competitive
advantage. We should
get this story out to
women around the
country who might be
looking for better
options, and we need
to understand what's
behind this strength,
how we build on it, and
what we can do to keep
this trend rising.
STARTUPS &
INNOVATION
RISING
TALENT
HOUSING
AFFORDABILITY
38.4% increase 265% increase
in new establishment Net migration of 25- 34
formation in MN year olds
We are starting fewer
new companies than
any of our peers. This
region needs a big
boost in startup
activity to introduce
the breakthrough ideas
that will become the
next Fortune 500 and
fuel our existing
companies with new
talent and products.
Our region is competing
better than ever for
talented workers. This is
a trend coming just in
time for a region where
unemployment is under
3% and our employers
are struggling to find the
highly -skilled employees
they need to innovate
and grow. Our boost in
domestic migration is a
trend to embrace and
actively support.
93% increase
in apartment
rent growth
Our region's
affordability relative to
other fast-growing U.S.
metros is helping us
grow our base of talent
and business. Yet, our
competitive advantage
in housing costs may
be eroding quickly.
Building more housing
of all kinds across the
metro is a no -regrets
step that needs to begin
immediately.
ALIGNMENT FOR EXECUTION
2030
Ambitions
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FOR FOOD SCIENTISTS
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83,000
FOOD AND AGRIBUSINESS
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INFOGRAPHICS
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MAKE IT? MSP: INSIGHTS
TALENT REPORTS
FORGE
NORTH
MN
Our ambition is to make
Minnesota the problem -
solving capital of the new
economy
The North is different — it's the place where ideas are
nurtured, community is valued, opportunities are created,
and problems aren't just discussed — they're worked on.
And solved. Because we believe we are different. We're
determined. We don't brave winter, we embrace it. We're
conditioned, poised for impact, and the sparks from our
collective work will ignite the next chapter of growth in
Minnesota.
It's precisely this determination which makes us a magnet
for problem solvers. Whether you're a founder, collaborator,
investor, or ally, we're the home for those who are stubborn
only in their passion — for the people who see the biggest
challenges and say "let's get to work." Those who push
onward.
Those who Forge North.
GREATER MSP
Partnership
FORGE NORTH
GET CONNECTED.
Welcome to Minnesota, the problem -
solving capital of the new economy.
Start-ups Investors
Corporate
Innovation
RESOURCE COMPASS
Find the resources you need to start, scale
and sustain your venture.
Find Resources
COMMUNITY CALENDAR
Check out opportunities around the region
to learn, network, connect and grow.
Find Events
TELLING THE REGION'S STORY TO TALENT
Make It. MSP. Campaigns: 1.%J milli
900,000+
direct impressions
5,500+
visits to makeitmsp.org
Targets
Tech professionals in
Midwest markets &
in largest 5 U.S. metros
reached in 2019
FOOD
2 Campaigns
850,000+
direct impressions
3,500+
visits to makeitmsp.org
Targets
Food/ag professionals around U.S.
likely to attend ExpoWest and those
in Minnesota likely to attend Food Ag
Ideas Week
Talent is the Critical Competitiveness Factor
GROWTH
IMPACT
Economic growth in the
Minneapolis -Saint Paul MSA could
be reduced by
2.0-2.5%l
Due to an estimated employment
gap of 188,000 workers by
Based on growth projections from Moody's Analytics and employment projections based on
data from American Community Survey
A worker shortage
exists for low,
medium, and high
skilled jobs today.
The type of labor
demanded in
coming years is
expected to change.
The occupations with the largest job displacements in Minneapolis could be
in office support, food services and customer service and sales roles
Jobs lost by occupation — midpoint adoption scenario, (2017-30, K)
Retail salespersons2
Office clerks
Food preparation and serving workers
Bookkeeping, accounting, and auditing clerks
Stock clerks and order fillers
Cashiers
Waiters and waitresses
Cooks
Customer service representatives2
Counter attendants, cafeteria, food
concession and coffee shop
Source McKinsey Global Inslitute analysis
7
10
10
10
8
13
15
15
Displacement rate, %
23
34
26
49
46
24
25
46
16
49
McKinsey a Company 1
"Individuals with a high school degree or less are
four times as likely to be in a highly automatable role"
McKinsey Global Institute, The future of work in America, 2019
High skill &
personal care
jobs will grow,
low skill services
are expected to
contract.
Jobs in health and STEM may see high rates of job growth in Minneapolis,
while office support and production work could see job loss
Projected net job growth in mid -point adoption scenario, 2017-2030,
Occupational category
Health professionals
STEM professionals
Health aides, technicians, and wellness
Creatines and arts management
Businessdlegal professionals
Managers
Educator and workforce training
Customer service and sales
Property maintenance and agnculture
Transportation services
Builders
Community services
Mechanical installation & repair
Food services
Production work
Office support
Sarre nwc✓ary Giallo.' k6uCie saly-
Net job growth. (2017-30, %)
-12
10
10
- 5
® 3
-3 .
-3
-4 NM
-6
33
36
Share of jobs,
12017 %l
48 4
6
9
2
11
7
7
10
3
3
4
4
3
8
8
12
wJ4nsAr 8 Canonry 18
GREATER •MSP
Partnership
High demand tech
occupations are
available at all skill
levels, but most will
require a post-
secondary credential
or degree.
I 11
tech jobs
in Greater MSP region
$41.90 Average Hourly Earnings
Greater MSP Region Tech Jobs: Education and Wages
Bachelor's Degree or higher
Associate's Degree
Some College / Post -Secondary credential
High School diploma or equivalent
Average Hourly
Earnings
$49.36
$30.60
$26.99
$19.91
0 20,000 40,000 60,000 80,000 100,000
GREATER *MSP
Partnership
Regional Lifecycle?
Seattle
Atlanta
Dallas
Denver
Portland
Austin
Charlotte
Pittsburgh?
Greater
MSP
Boston
REINVENTION
San Francisco?
Chicago?
Pittsburgh?
GROWTH
MATURITY
DECL.°NE
GREATER MSP ON THE ROAD - TALENT
• 91440 dddd
•lflhJIflhIrIllj 11
IMPLII.5114E1
Engaged 300+
Students & College Leadership
Campus Focus Groups
50+ Students & Staff
Talent Outreach event
50 influencers
GREATER MSP ON THE ROAD -Innovation
gLIISH
GREATER MSP ON THE ROAD - Business Investment
BOSTON
MedTech Conference
ANAHEIM
Corenet Global
GERMANY
Medica
SEPTEMBER OCTOBER
2020 PRELIMINARY BUDGET -
EDA OPERATIONS FUND
2020 BUDGET -
MAJOR OBJECTIVES
Membership in GREATER MSP, Regional Chambers of
Commerce
"Open to Business" small business development
Continue master planning Mixed Business Campus
Facilitate repositioning of properties CR42 & Cedar Ave.
Manage City/EDA owned property until development.
Manage updated old City Hall
2020 BUDGET -
EDA OPERATIONS FUND
Wages & Benefits - Recording Sec. staff time
Memberships/Consulting Services
"Open to Business"
Greater MSP
Sister City
Local Nordic Chambers
580
$ 8,000
10,350
800
1,500
$ 21,230
ACTION REQUESTED
Resolution Adopting 2019 Proposed Budget
Revenues:
Buildin• M•mt Fee
Investment Earnin • s
Expenditures:
Wa • es & Benefits
Consultant Services
Dues & Subscriptions
Total Expenditures
2019
$50,000
400
$50,400
580
8,000
12,650
$ 21,230