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01/27/22 Agenda Packet
M eeting L ocation: M unicipal Center 7100 147th Street West Apple Valley, M innesota 55124 January 27, 2022 EC O N O MIC D EVELO P MEN T A UT HO RIT Y REG ULA R MEET IN G T EN TAT IVE A G EN D A 6:00 P M 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 21, 2021, Regular Meeting B.Approve 2022 Meeting C alendar 4.Regular Agenda Items A.Adopt Resolution Approving 2022 Board Officers B.Review, Discuss, and Direct Staff on C ontinuing Membership in Greater MSP C.Discuss Apple Ford/Lincoln Proposal to Vacate 151st St. 5.Staff Updates A.Update on ED A C ommissioner Selection 6.Adjourn Regular meetings are broadcast, live, on C harter C ommunications C able C hannel 180 and on the C ity's website at www.cityof applevalley.org I T E M: 3.A. E D A ME E T I NG D AT E :J anuary 27, 2022 S E C T I O N:Consent A genda Description: A pprove Minutes of December 21, 2021, Regular Meeting S taff Contact: B reanna Vincent, Department Assistant Department / Division: Community Development Department AC T I O N RE Q UE S T E D: Approve minutes of regular meeting on December 21, 2021. S UM M ARY: T he minutes of the Economic Development Authority regular meeting is attached for your review and approval. B AC K G RO UND: State statute requires the creation and preservation of meeting minutes which document the official actions and proceedings of public governing bodies. B UD G E T I M PAC T: N/A AT TAC HM E NT S : Minutes ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota December 21, 2021 Minutes of the Regular Meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held December 21, 2021, at 6:15 p.m., at Apple Valley Municipal Center. PRESENT: President Tom Melander, Commissioners Clint Hooppaw, John Bergman, Ruth Grendahl, and Ken Johnson ABSENT: Tom Goodwin City staff members present: City Administrator Tom Lawell, Community Development Director Bruce Nordquist, Finance Director Ron Hedberg Meeting was called to order at 6:15 p.m. by President Tom Melander. APPROVAL OF AGENDA President Melander asked staff if there were any changes to the agenda. – None. MOTION: of Hooppaw, seconded by Bergman, approving the agenda. Ayes - 5 - Nays - 0. CONSENT AGENDA MOTION: of Hooppaw, seconded by Grendahl, approving the minutes of the meeting on May 27, 2021. Ayes – 5 – Nays – 0. REGULAR AGENDA A. Recommend Approval of Joint Powers Agreement with the Dakota County Community Development Agency and Participating Dakota County Cities for “Open to Business” Program Planner Alex Sharpe provided a brief presentation. President Melander asked if there were any questions – None. MOTION: of Grendahl, seconded by Bergman, to approve the Joint Powers Agreement with Dakota County CDA and various participating communities to participate in the “Open to Business” program. Ayes – 5 - Nays – 0. Economic Development Authority City of Apple Valley Dakota County, Minnesota December 21, 2021 Page 2 B. Adopt Resolution Approving 2022 EDA Budget Finance Director Ron Hedberg provided a brief presentation. Commissioner Grendahl asked what the benefits and rate of return for the membership with Greater MSP as half of the EDA’s budget goes towards this membership. CD Bruce Nordquist stated that the biggest concern is if we will continue at the rate we have been which is based on our population. Greater MSP was recently recognized as a second phase participant with over 600 cities that have applied and now down 60 that are still competing for federal dollars. Commissioner Grendahl asked if a list of which cities still belong to Greater MSP is available. CD Director Nordquist replied that a list can be provided. Commissioner Grendahl stated she would like the list prior to making any votes. Commissioner Bergman asked if Greater MSP has had any factor in the roughly 300 acres left to develop and what has been developed there already. CD Director Nordquist stated that the current commercial retail development underway would not have been a part of the work plan for Greater MSP, but the health clinic proposed for 2022 on Pilot Knob Rd. also came from the promotion by the retail development team with HJ Development and Rockport. The current interest is what comes next for the about 160 acres that is available for development. Commissioner Bergman asked if the current drive of the economy would not help the sale of those properties without Greater MSP. CD Director Nordquist stated that it makes for a viable marketplace to that acreage to the north and that the City Council will be reviewing the AUAR in January 2022. The AUAR commits 3 million square feet to the area north of 155th St. which will require more than retail brokers and developers to attract the regional and national types of businesses interested in the Twin Cities. Commissioner Hooppaw stated that the typical users in the Rockport development are not the types of users Greater MSP will attract. They will attract a large user looking for significant space which will attract others. City Administrator Tom Lawell answered that the Greater MSP website has all of their current members, some of which include Apple Valley, Bloomington, Chaska, Edina, Eagan, Minneapolis, Minnetonka, Rosemount, and Saint Paul as well as various cities in Scott County. Dakota Electric is another member as well as some other private companies. Economic Development Authority City of Apple Valley Dakota County, Minnesota December 21, 2021 Page 3 Commissioner Grendahl stated that an internal review of this program showing what benefits are provided to the City be conducted since the membership is half of the budget and only 3 cities in Dakota County are members. Commissioner Hooppaw asked what the impact is on delaying action for the Greater MSP item. Finance Director Hedberg stated we would hold off on any expenses before paying the membership. Commissioner Hooppaw asked if Greater MSP can be removed from the EDA Budget and leave everything else and then come back to discussing Greater MSP at a later date. Finance Director Hedberg stated this would be the preferred option. Commissioner Bergman stated that Apple Valley has such a small amount of land left compared to the other two cities (Eagan and Rosemount) in Dakota County that are members of Greater MSP and questions whether Greater MSP is looking at these areas that have a lot of land and infrastructure as opposed to Apple Valley which has a much smaller amount. He agrees that this item should be removed from the budget and discussed at a later date. Commissioner Grendahl pointed out that the EDA Budget states “Major Objectives for 2022 and 2023” and had concerns that her vote would lock her in for 2023 as well. Finance Director Hedberg stated that the 2nd year is not formally adopted and is more of a look into the future. President Melander stated that Greater MSP should be deleted from the budget and the resolution be amended. MOTION: of Hooppaw, seconded by Bergman, to approve the 2022 EDA Budget with the removal of Greater MSP services to be discussed at a later date. Ayes – 5 - Nays – 0. STAFF UPDATES City Administrator Tom Lawell noted that there is a vacancy on the Economic Development Agency and the application deadline is 4:30 p.m. on January 14, 2022. Economic Development Authority City of Apple Valley Dakota County, Minnesota December 21, 2021 Page 4 ADJOURNMENT MOTION: by Grendahl, seconded by Hooppaw, to adjourn. Respectfully Submitted, Breanna Vincent, Department Assistant Approved by the Apple Valley Economic Development Authority on January 27, 2022 Thomas O. Melander, President I T E M: 3.B. E D A ME E T I NG D AT E :J anuary 27, 2022 S E C T I O N:Consent A genda Description: A pprove 2022 Meeting Calendar S taff Contact: B reanna Vincent, Department Assistant Department / Division: Community Development Department AC T I O N RE Q UE S T E D: Motion to approve the 2022 meeting calendar. S UM M ARY: Meetings are held on the fourth T hursday of every other month at 6:00 p.m. at the Apple Valley Municipal Center, 7100 - 147th Street West. T hursday, J anuary 27, 2022 T hursday, March 24, 2022 T hursday, May 26, 2022 T hursday, J uly 28, 2022 T hursday, September 22, 2022 T hursday, December 22, 2022 T hursday, J anuary 26, 2023 B AC K G RO UND: N/A B UD G E T I M PAC T: N/A I T E M: 4.A. E D A ME E T I NG D AT E :J anuary 27, 2022 S E C T I O N:Regular A genda Description: A dopt Resolution A pproving 2022 Board Officers S taff Contact: B reanna Vincent, Department Assistant Department / Division: Community Development Department AC T I O N RE Q UE S T E D: Motion adopting the resolution appointing 2022 officers of the Economic Development Authority. S UM M ARY: T he resolution organizing the Economic Development Authority provides that the offices of President, Treasurer, and Secretary be elected annually. T he appointments remain in effect until the Board elects new officers. At the meeting of the Economic D evelopment Authority held on J anuary 28, 2021, the following officers were appointed: President: T homas Melander Vice-President: Ruth Grendahl Secretary: Pamela J . Gackstetter Treasurer: J ohn Bergman Assistant Treasurer: Pamela J . Gackstetter A draft resolution is attached, with blanks to be completed, that can be adopted to appoint the 2022 officers. B AC K G RO UND: N/A B UD G E T I M PAC T: N/A AT TAC HM E NT S : Resolution APPLE VALLEY ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. EDA-22- A RESOLUTION APPOINTING 2022 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 27, 2022; 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 2022: President __________________ Vice-President __________________ Secretary Pamela J. Gackstetter Treasurer __________________ Assistant Treasurer Pamela J. Gackstetter ADOPTED this 27th day of January, 2022. , President ATTEST: Pamela J. Gackstetter, Secretary I T E M: 4.B. E D A ME E T I NG D AT E :J anuary 27, 2022 S E C T I O N:Regular A genda Description: Review, Discuss, and Direct Staff on Continuing Membership in Greater MS P S taff Contact: B ruce Nordquist, Community Development Director Department / Division: Community Development Department AC T I O N RE Q UE S T E D: Review, discuss, and direct staff on continuing membership in Greater MSP. S UM M ARY: T he ED A met on December 21, 2021, and reviewed the 2022 ED A budget. Based on that review, staff was directed to remove consideration of a membership in Greater MS P and schedule further discussion. T he feedback from the ED A questioned the investment direction in continuing the annual membership contribution. An internal review and discussion about benefits was mentioned as being sought. T he supporting materials provide a background for that discussion. Staff has recommended continuing the annual membership in Greater MS P for the following reasons: T his membership extends staff marketplace messaging at peer business, real estate broker, and market segment and trade events both efficiently and effectively to the broadest possible audience. Helps balance Apple Valley’s relative size and geographical position with other cities; offering additional visibility to the local development locations that are less convenient to freeway commercial property access and rail amenities. Positive tax base sharing results from commercial property and tax base development in the region through fiscal disparities. J ob development of the 3,500 to 4,000 jobs envisioned in the mixed-business campus since 2008 will not be satisfied from the Twin C ities region alone. Given eleven other competitive national regions, development is attracted and realized when there is a Greater MSP, our recognized active regional economic development organization. T he partnership of government and business is foundational in local commercial development, and a cornerstone to the organization known as Greater MS P. Greater MSP recognizes that local government participation is cost sensitive and has to be reconsidered to retain public membership. T he business of job development in the region must also address, and not be distracted by, the actions related to developing inclusive and equitable growth of the workforce that has taken prominence. Greater MS P manages this as a strength to grow the workforce in the region; and has been rewarded with an in-migration of highly educated workers. Members are aware of Federal and State resources as available. Staff seeks to attract those resources, with past similar success, when available for office, engineering and design, light manufacturing, bio-innovation, and the expansion of medical device and wellness product and service development. T he strength of our location is the thriving downtown business district, quality neighborhoods, proximity to MSP airport, being a south east direct connection between the rest of the Twin C ities and destination medical in Rochester at Mayo C linic, and benefitting from the quality of life and workforce of a strong and competitive national region. T he Greater MSP membership offers the lowest possible expenditure that engages those that are engaged in having a competitive region, and steering site selectors to consider this region because of strengths, whether in bio-innovation and health services, addressing workforce needs and tapping the highly educated, generally affordable quality of life. B AC K G RO UND: Under Minnesota’s Fiscal Disparities program, local taxing jurisdictions within the Twin Cities metropolitan area contribute 40% of growth in commercial, industrial, and public utility property tax base since 1971 into an area-wide shared pool of tax base. Local property tax administrators distribute the shared pool of tax base. Tax-base sharing narrows the gap between communities with the highest and the lowest commercial, industrial, and public utility property tax base per person. Historically, Apple Valley has been a net recipient of under the Fiscal Disparities program, benefiting from commercial, industrial, and public utility property tax base growth which occurs elsewhere in the Twin C ities metropolitan area. Greater MSP, in partnership with D EED, shares confidential site selector solicitations to member cities. Companies both inside and outside the region want to discretely assess site development options without revealing who they are. Apple Valley has an excellent site for development. Staff responds to queries about site availability, existing building specifications, power and gas capacity, water/sewer supply and general development time lines. About 4 solicitations are received annually. T he last 4 are attached as examples, received in 2021 and early 2022. Uponor expansion (2014), and Abdallah development (2016), provided successful outcomes as a result of Greater MSP/D EED solicitations and the leveraging of state resources that accompanied those development projects. In 2020, $1 million in state resources was secured, in part because of the staff demonstrated abilities proven earlier in the decade, to address buried concrete debris at a large office flex warehouse site, now completed. Solicitations sometimes take months to be finalized and may look appealing. Yet, like the most recent one, a successful bottler, would have called for a significant daily water demand that could stress city supply. Staff cautiously evaluates to guide the right uses to Rockport for further consideration. Rockport is equally thoughtful with their follow-up. T he ongoing dialog with Greater MSP and D EED always emphasizes the right mix of uses described here, not just any mix. Greater MS P measures itself in comparison to 11 national regions by way of a regional indicators dashboard. T his is a measure of all cities in our region collectively compared with other regions. Only Greater MSP reports this comparable information in our region. T he other regions include: Atlanta, Austin, Boston, Charlotte, C hicago, Dallas – Fort Worth, Denver, Pittsburgh, Portland (O R), San Francisco and Seattle. T he Twin Cities has a “better” ranking in categories such as wages, females in the workforce, the educated talent, broadband availability, lower poverty, and greater affordability in comparison to other regions. Site selectors use this information all the time to choose regions that are desirable for their clients. Right now, Greater MSP is competing for $100 million in federal money as start-up capital as the “Bold North Bio-Innovation Cluster”. T he resources are coming from and being evaluated by the U.S. Economic Development Administration (ED A). T he resources are proposed to go to Minneapolis and St. Paul built and vacant locations near the U of M, and expansion space, in initial phases. Over 600 organizations were competing for more than one billion dollars in funds. In December, G reater MSP was named one of 60 finalists out of 469 other proposals. On short notice, G reater MS P had the ability to mobilize, compete, and represent the entire region as the Twin C ities regional development organization. While good for the region, it also has relevance to Apple Valley. T he mixed-business campus will attract new development of specific buildings and facilities tailored to new entry national and global business seeking a well-developed thriving location in the suburbs for bio-innovation. Greater MSP C EO Peter Frosch was quoted in a recent Star Tribune article: “T he opportunity is much bigger. It’s millions of dollars over five years to catalyze billions of dollars over a generation…T here are out-of- state biotech companies considering establishing a Minnesota presence. T he bio-innovation cluster concept would bolster Greater MSP’s case to lure them here…C ompanies that no one’s ever heard of before are really important right now in this game.” Greater MSP does this. B UD G E T I M PAC T: T he cost for Apple Valley to be a member is $10,600 in 2022 and $11,000 in 2023. T his formula city membership was established when Greater MSP was formed in 2011. A city with a population less than 50,000 people contributed $10,000 annually. Our population was 49,084 in the 2010 census. A city with a higher population was required to pay a higher amount of $25,000 to be a member. C ounties contribute $100,000 annually and the Dakota County C D A makes that contribution and has a Board of Director position. Staff followed- up with other members and former members concerning costs of participation. Eagan pays $25,000 and Mayor Maguire is a Director on the Board. Rosemount pays $10,600. Burnsville paid $25,000 and for several years Mayor Kautz was a Director. Burnsville withdrew from Greater MSP in 2018 due to the cost and redirecting their $25,000 annually, and more, toward a large promotional effort that embraces their annual development update and “You belong here” story. Lakeville was never a member and has budgeted $25,000 to $35,000 in recent years to market the growth in their business park at state oriented professional events. T here are 46 Directors that are paying larger annual membership fees; a mixture of private, public institutional, academic, health care, finance and major manufacturing and retailing including the largest companies in Minnesota, such as 3-M, C argill, and the Mayo C linic. T here are presently 16 city members, 10 county members, and 126 other private members that are part of the mix. O ne suburban city, Eagan, and six counties, are on the 46 member board. About 15 percent of the membership is a public member. Businesses with a local connection and represented in Greater MSP, include: Uponor, Dakota Electric, Xcel Energy, Center Point Energy, U.S. Bank, Wells Fargo, Huntington, BMO Harris, Bank of America, and Target. T he private business membership fee is calculated based on a company revenue based model and closely held and not shared. Uponor shared that their fee approximates $17,000 annually and Dakota Electric was willing to say “similar or less” as a fee. AT TAC HM E NT S : Map Exhibit Exhibit Exhibit Exhibit Exhibit Exhibit Report 2021 Greater MSP Membership – Cities and Counties Cities 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 Belle Plaine City of Elko New Market City of Jordan City of New Prague City of Prior Lake City of Savage City of Shakopee Counties Anoka County Carver County Chisago County Dakota County Hennepin County Ramsey County Scott County (Scale) Sherburne County Washington County Wright County 2021 Greater MSP Leadership 1 CHAIR Tim Welsh | Vice Chairman, Consumer and Business Banking, U.S. Bancorp VICE CHAIR Ravi Norman | CEO, Norman Global Enterprises TREASURER Dennis Dahlen | CFO, Mayo Clinic CEO Peter Frosch | President & CEO, GREATER MSP Directors Tonya Allen | McKnight Foundation Chairman Keith Anderson | Shakopee Mdewakanton Sioux Community Doug Baker, Jr. | Chairman, Ecolab Andy Bessette | EVP and CAO, The Travelers Companies Doug Carnival | Attorney, McGrann Shea Carnival Straughn & Lamb Brett Carter | EVP and Chief Customer and Innovation Officer, Xcel Energy Mayor Melvin Carter III | City of Saint Paul Commissioner Toni Carter | Ramsey County Albert Colianni | CEO, Pohlad Companies David Dines | CFO, Cargill Beth Ford | President and CEO, Land O’Lakes, Inc. Mayor Jacob Frey | City of Minneapolis Joan Gabel | President, University of Minnesota Commissioner Kathleen Gaylord | Dakota County Commissioner Marion Greene | Hennepin County Steve Hockett | CEO, Great Clips Dan Johnson | President and CEO, Mortenson Dr. Eric Jolly | President and CEO, Saint Paul & Minnesota Foundation Michael Jones | President & COO, Regional Banking, The Huntington National Bank Philip Kaufman | COO, UnitedHealth Group Amy Langer | Co-Founder, Salo, LLC Audrey Lucas | Senior Partner, McKinsey & Company Jay Lund | Chairman and CEO, Andersen Corporation Mayor Mike Maguire | City of Eagan Matt Marsh | Managing Partner, Deloitte John Naylor | President and CEO, Medica Jon Nudi | Group President, North America Retail, General Mills Laura Oberst | EVP, Head of Central Region Commercial Banking, Wells Fargo Michael O'Leary | Managing Partner, EY R.T. Rybak | President and CEO, Minneapolis Foundation David Saggau | President and CEO, Great River Energy 2021 Greater MSP Leadership 2 Commissioner Scott Schulte | Anoka County Todd Senger | Group Head - Expansion Markets, BMO Harris Christine Sovereign | Senior Managing Director, Accenture John Stauch | President and CEO, Pentair Dr. Julie Sullivan | President, University of Saint Thomas Carol Surface | SVP and Chief HR Officer, Medtronic Commissioner Jon Ulrich | Scott County Andrea Walsh | President and CEO, HealthPartners Laysha Ward | EVP and Chief External Engagement Officer, Target Commissioner Lisa Weik | Washington County Brad Wood | COO, McGough 2021 Greater MSP Membership List 1 Acara Solutions Accenture Allina Health | Aetna Andersen Corporation Anoka County APi Group, Inc. Augsburg University Avison Young Ballard Spahr LLP Bank of America Merrill Lynch Bethel University Blue Cross & Blue Shield of Minnesota BMO Harris BNSF Railway Braun Intertec Corporation Bremer Bank C.H. Robinson Worldwide Inc. Cardinal Glass Industries, Inc. Cargill Carlson 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 Colliers International I Minneapolis - St. Paul Dakota County Dakota Electric Association Deloitte Delta Air Lines Inc. Dorsey & Whitney, LLP Duke Realty Ecolab EY Faegre Drinker Frattalone Companies, Inc. General Mills Genesis10 Gensler Goff Public Great Clips Great River Energy HealthPartners Hennepin County Jefferson Lines JLL Kraus-Anderson Companies Land O'Lakes Inc. Lurie M.A. Mortenson Company Mairs and Power Mall of America Mayo Clinic McGough McGrann Shea Carnival Straughn & Lamb McKinsey & Company 2021 Greater MSP Membership List 2 McKnight Foundation Medica Medtronic PLC Mercer Minneapolis Area Association of REALTORS Minnesota United FC Nelson Worldwide, Inc. Norman Global Enterprises Padilla Pentair Pohlad Companies Carousel Motor Group Cushman & Wakefield | Northmarq JB Hudson Jewelers Minnesota Twins Northern Lights Broadcasting | Go 96.3 Northmarq Capital River Road Entertainment United Properties Polaris Foundation Protiviti Inc. Ramsey County RSM RSP Architects Ryan Companies US, Inc. Saint Paul Port Authority Salo, LLC Schwan's 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 SRF Consulting Group, Inc. Star Tribune Media Company Taft Law Target The Huntington National Bank 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 UnitedHealth Group University of Minnesota University of St. Thomas Uponor Washington County Wells Fargo Bank Wright County WSB Xcel Energy Inc. Greater MSP competing to land $100 million for biotech business cluster The development organization named a finalist in federal competition. By Burl Gilyard Star Tribune JANUARY 6, 2022 — 4:37PM COURTESY OF UEL University Enterprise Labs in St. Paul Minnesota is well-known nationally for its health care and medical technology industries, but local lab space for new biotech companies is in short supply. University Enterprise Laboratories (UEL), a St. Paul nonprofit, aims to provide space for such startups, but with 60 other companies currently using its large facility, there's no more room. This quandary motivated Greater MSP, the Twin Cities' regional development organization, to pitch an ambitious vision for what it is calling the Bold North BioInnovation Cluster. A key component of this proposal includes a UEL lab space expansion. Greater MSP is competing for $100 million in federal money that would serve as the project's startup capital. Organizations across the U.S. are competing for a total of $1 billion in funds under the "Build Back Better Regional Challenge" led by U.S. Economic Development Administration (EDA). In mid-December, Greater MSP was named as one of 60 finalists across the U.S., beating out 469 other proposals to make it to the short list. Second-phase proposals are due March 15. The EDA will select 20 to 30 winners in September, which will be awarded funds ranging from $25 million to $100 million. Peter Frosch, CEO of Greater MSP, said the federal money is just part of the equation and would be joined by much larger private investments. University Enterprise Laboraties "The opportunity is much bigger. It's millions of dollars over five years to catalyze billions of dollars over a generation," Frosch said. "That's the opportunity." MSP's concept calls for focusing on two bio sectors: health and agriculture. "We made it to this list because we had a really good story to tell," said Amanda Taylor, Greater MSP's vice president of research and intelligence. "They're saying, 'You've proven that you have something competitive here.'" More than 50 organizations are supporting of the project, including large corporations like Cargill, Ecolab, Medtronic, Land O'Lakes and General Mills, as well as other notable institutions like the Mayo Clinic and the University of Minnesota Foundation. With inclusion and diversity in job and economic growth at the fore, the Center for Economic Inclusion, Summit OIC and Pillsbury United Communities are also coalition partners. In late 2020, Fairview Health Services announced it was closing St. Joseph's hospital in downtown St. Paul. While part of the property is being converted to a community wellness center, Greater MSP's pitch suggests transforming part of the former hospital into a bio-focused innovation hub. "We are short now on space, certain lab space, for bio-based companies," Frosch said. "That's a reality today. We need more of that space today. If we had it in '21 and '22 we would be filling it. That is not speculative." For UEL, the federal grant could mean another 12 to 18 lab spaces in its current building, which is a converted Target warehouse. "We are currently full. We have essentially more companies needing the dry lab space and wet lab space than we can accommodate, even with the expansion that we just opened two to three years ago," said Diane Rucker, executive director of UEL. "This would be to support startups and early-stage growth companies." Frosch said there are out-of-state biotech companies considering establishing a Minnesota presence. The BioInnovation cluster concept would bolster Greater MSP's case to lure them here. "It's about attraction and it's about expansion," Frosch said. "Companies that no one's ever heard of before are really important right now in this game." Burl Gilyard is the Star Tribune's medtech reporter. burl.gilyard@startribune.com 612-673-4756 mplsgilyard If you're having trouble viewing this email, you may see it online. GREATER MSP is supporting Project Thirst with a search for an existing building of 350,000 -400,000 sq ft or 25+ acres for a new-to-market, beverage bottling facility. Estimates for jobs and capital investment have not yet been shared. These figures are expected to be shared with us if we have buildings and/or sites that meet the client's requirements. NOTE: This facility requires a very large supply of water, we highly recommend you speak to the DNR regarding capacity at your site before submission Phase 1 (Start-Up) Water Requirements: 425,000 Gallons per Day (GPD), on average Phase 2 Water Requirements (3-5 years): An incremental +425,000 GPD Total 850,000 GPD, on average The client expressed no preference between shovel ready land and existing facility; however, anticipated completion for operations startup is Q4 2022/Q1 2023. The specific site should be: Existing Building Building Area: ± 350,000-400,000 SF Age: Ten years or less Ceiling Heights: Prefer 32’ clear or higher Dimensions: Prefer 460’ x 884’ Columns: 50’ x 52’ Floors: 7” reinforced Sprinkler: ESFR Lighting: LED (preferred) Logistics: Good access to major roadways Hours of operation: Permit for a 24/7 operation Shovel Ready Land (minimal site engineering required) ± 25-30 acres with ALTA survey If you have a site you wish to submit for this project, please contact Kylle Jordan for full RFI details and submission requirements as soon as possible. To ensure a timely and consistent response, we're asking for all responses to be complete and returned to GREATER MSP by 9:00 a.m. Central on Wednesday, November 10th. Thank you. Kylle Jordan Director, Greater MSP Business Investment For questions: please contact Kylle Jordan, GREATER MSP Business Investment, at 651 -492-4086 or Kylle.Jordan@greatermsp.org. Back to top ^ The Minnesota Department of Employment and Economic Development (MN DEED) was contacted by a site consultant currently evaluating locations on behalf of a confidential precision manufacturing company. GREATER MSP is helping amplify this opportunity to the entire region. The company will locate production and precise machining of high-end clean parts used in computer and health technology devices. This facility will also host the company’s U.S. headquarter and training operation. The company will invest approximately $75 million into the facility and hire up to 225 people. Preference is for suitable spec/shell building, but the company will also consider existing buildings. If no suitable spec/shell or existing buildings are identified, the company will consider greenfield sites to construct building. Timing is absolutely critical; the business would like to be in control of building and making modifications by Q2 2022 with construction complete by Q4 2022. At this time, the client has not specified preference for lease vs. purchase. Spec/Shell or Existing Building Requirements: Total square feet: 40,000 - 80,000 Column spacing: 20 ft. min. Clear height: 26 ft. min. Floor thickness: 4 inches min. 1 Drive-in Door (min.) 1 Dock door (min.) Greenfield Requirements: 20-acres; permitted to accommodate: o Separate building housing employee daycare o Parking spaces o Trucking/loading area and access. o Solar panels (roof or ground) The company will not consider any spec/shell buildings, existing buildings, or greenfield sites if they meet any of the following criteria: Close proximity (under half-mile) to heavy/high emission industry Site located within 100- or 200-year flood plain Any kind of contamination (Heavy metals, oils, chemicals, gases, asbestos, munitions, etc.) The vast majority of information requested by the site selector is best addressed by local government and property representatives. If your community has a building that meets the outlined parameters and would like to submit, please consider to the following process: 1. E-mail John Shoffner (john.shoffner@state.mn.us) and Anders Victor (anders.victor@greatermsp.org) to receive a template of requested information. Please note that a complete response will involve a significant time commitment and high degree of coordination with the property owner or leasing agent. 2. Return completed template and requested supplementary attachments to John Shoffner and Anders Victor by Monday, August 16th at 5:00 p.m. Central. Anders Victor, CEcD Director, Greater MSP Business Investment For questions: please contact Anders Victor, GREATER MSP Business Investment, at 651-287-5813 or Anders.Victor@greatermsp.org FOLLOW US 400 Robert Street North Suite 1600 • Saint Paul MN 55101 1.855.287.5941 • info@greatermsp.org • greatermsp.org © 2019 The Minnesota Department of Employment and Economic Development (MN DEED) was contacted by a site consultant currently evaluating locations for a confidential manufacturing company. The company has an existing presence in the region. The community where the company operates today is aware of the project and supports GREATER MSP to help broaden awareness of the opportunity. It is our understanding that the current facility will not be impacted. The project represents an estimated 45 - 50 new jobs within 3 years, with positions ranging from pipe fitters, pipe welders, electromechanical assembly, and insulators. Average hourly wages range between $19.33/hour to $25.00/hour. The company would invest roughly $1,000,000 of tenant improvements into the selected building. Existing workforce, workforce training opportunities, and an understanding of utility infrastructure are key drivers of the search at this stage. In addition to building requirements outlined below, the company indicated that the space must be clean, well-lit, and will operate utilizing principles and tools of Lean Manufacturing. Building Requirements: Lease preferred Multi- or Single-tenant 30,000 to 50,000 sq. ft. 24 foot clear height One bay of building should have or support a 25T overhead crane Ground level dock (16’ door) on the bay with overhead crane (means by which to load systems on flatbed trucks); truck can back into bay for loading 1 depressed dock Small office space Easy access to interstate/major highway Utility Requirements: 480V electrical service, natural gas (building heat) Process gases: Nitrogen, oxygen, propylene Can start with day tanks but will eventually need to move to bulk storage tanks; property should support; In-building piping not necessary (will be added by The Company) Site Amenities – Nice to Have: Industrial park – near to other support businesses Distributors – production supplies Supply houses/wholesalers Locker room(s) Lunch room/break room The vast majority of information requested by the site selector is best addressed by local government, utilities, and property representatives. If your community has a building that meets the outlined parameters and would like to submit, please consider to the following process: 1. E-mail John Shoffner (john.shoffner@state.mn.us) to receive a template of requested information. Please note that a complete response will involve a significant time commitment and high degree of coordination with respective electric, gas, and water utility stakeholders. 2. Confirm the community's intent to respond to the request for information with John Shoffner by Monday, June 7th at Noon Central. DEED is coordinating a uniform data response and needs to confirm interested communities as soon as possible. 3. Return completed template and requested supplementary attachments to John Shoffner by Tuesday, June 8th at 5:00 p.m. Central. Anders Victor, CEcD Director, Greater MSP Business Investment For questions: please contact Anders Victor, GREATER MSP Business Investment, at 651-287-5813 or Anders.Victor@greatermsp.org The Minnesota Department of Employment and Economic Development (MN DEED) was contacted by a U.S. company seeking an existing dairy product processing facility (e.g. cheese, yogurt, ice cream) for purchase. GREATER MSP is working with MN DEED to broaden awareness of the opportunity. This facility represents a new investment to Minnesota as the company looks to diversify production throughout the U.S. MN DEED has not been given detail regarding job creation targets or capital investment projections associated with this facility. It’s MN DEED’s understanding that the company will only consider former dairy product processing facilities; the comp any will not consider empty buildings or fluid milk processing facilities. The company’s preferences for a suitable former dairy processing facility includes: Ability to meet Q2 2021 operating target required Between 50,000 – 120,000 square feet required Existing freezer and cooler space required Immediate access to U.S. Interstate or State highways required Access to rail preferred, but not required At this time, the company is requesting building information that will inform the next stage of analysis. Please submit building marketing materials (e.g. brochure) and confirm ability to meet the company’s Q2 2021 operating requirement to Anders Victor (Anders.Victor@greatermsp.org) by Wednesday, October 7th at 3 p.m. Anders Victor, CEcD Director, Greater MSP Business Investment For questions: please contact Anders Victor, GREATER MSP Business Investment, at 651-287-5813 or Anders.Victor@greatermsp.org VOLUME 7MSP REGIONAL INDICATORS DASHBOARD 2021 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. 2021 is the seventh year of this effort. MSP TREND: Reflects change between most current data available and the last prior data available. All data reflects the 15-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. COVID-19 NOTE: As most indicators have a lag time in data availability, please note that most data in the 2021 Regional Indicators Dashboard do not reflect the impact of COVID-19 (2020). Footnotes will notate where 2020 data is represented. An electronic version of the Dashboard and full technical appendix can be found at greatermsp.org/regional-indicators ECONOMYINCLUSIVE GROWTH BUSINESS VITALITYENTREPRENEURSHIP TALENTTALENT AVAILABILITY ANNUAL JOB GROWTH 0.8 % MSP TREND: WORSE PEER RANK: 10 ò AVERAGE WEEKLY WAGE $1,240 MSP TREND: BETTER PEER RANK: 7 ò JOBS PAYING A FAMILY SUSTAINING WAGE2 71.1 % MSP TREND: BETTER PEER RANK: 3 ò WAGE GAP WHITE — OF COLOR (AGED 16-64 YEARS)3 32.7% MSP TREND: BETTER PEER RANK: 7 ñ EMPLOYMENT GAP WHITE — OF COLOR (AGED 16-64 YEARS) 9.1% MSP TREND: WORSE PEER RANK: 11 ó ANNUAL GROSS REGIONAL PRODUCT GROWTH 1 0.8 % MSP TREND: WORSE PEER RANK: 11 ò VALUE OF EXPORTS $18.6 B MSP TREND: WORSE PEER RANK: 8 ó PATENTS ISSUED PER 1,000 WORKERS 1.82 MSP TREND: BETTER PEER RANK: 6 ó LOANS TO BUSINESSES UNDER $1M IN REVENUE $897M MSP TREND: WORSE PEER RANK: 8 ó NEW ESTABLISHMENTS This data is for Minnesota 9,662 MSP TREND: BETTER PEER RANK: 12 ó ESTABLISHMENTS SURVIVING 5 YEARS This data is for Minnesota 55.3% MSP TREND: BETTER PEER RANK: 1 ñ ANNUAL AMOUNT OF VENTURE CAPITAL $1.52B MSP TREND: BETTER PEER RANK: 8 ó YEARLY GROWTH IN TECH JOBS4 -1.0% MSP TREND: WORSE PEER RANK: 7 ñ FEMALES AGED 16-64 YEARS WORKING 78.5% MSP TREND: BETTER PEER RANK: 1 ó FOREIGN-BORN POPULATION AGED 16-64 YEARS WORKING 79.4 % MSP TREND: BETTER PEER RANK: 1 ñ POPULATION 25+ WITH AN ASSOCIATE’S DEGREE OR HIGHER 53.5 % MSP TREND: BETTER PEER RANK: 3 ó POPULATION 25+ WITH A BACHELOR’S DEGREE OR HIGHER 43.2 % MSP TREND: BETTER PEER RANK: 6 ó NET MIGRATION OF 25-34 YEAR OLDS + 4,778 PEOPLE MSP TREND: WORSE PEER RANK: 5 ñ 1) Real change based on inflation-adjusted GRP, chained to 2012 dollars. 2) Defined as the annual wage an individual must earn to support a set of typical expenses for necessities for a family of four with two working adults and two children (MSP = $35,485), per the MIT Living Wage Calculator. 3) Percent gap is between median wages of people of color and white, non- Hispanic workers’ median wages. 4) Data reflects COVID-19 impact LIVABILITYHOUSING AFFORDABILITYINFRASTRUCTUREJOB ACCESS ENVIRONMENT ENERGY COMPETITIVENESSEDUCATIONTALENT PIPELINE NUMBER OF VIOLENT CRIMES COMMITTED PER 100K RESIDENTS11 273 MSP TREND: WORSE PEER RANK: N/A POPULATION 16+ WHO VOLUNTEERED PAST YEAR 40.4 % MSP TREND: N/A PEER RANK: 2 ò COST-BURDENED HOUSEHOLDS12 29.0 % MSP TREND: BETTER PEER RANK: 2 ñ ANNUAL CHANGE IN MEDIAN APARTMENT RENT13 4.4% MSP TREND: WORSE PEER RANK: 7 ò POPULATION THAT IS OBESE* 28.6 % MSP TREND: N/A PEER RANK: 7 POPULATION LIVING WITHIN 10 MINUTE WALK TO A PARK This data is for urbanized areas only 89% MSP TREND: BETTER PEER RANK: 1 ó NUMBER OF DAYS THAT AIR QUALITY WAS “UNHEALTHY FOR SENSITIVE GROUPS” 2 DAYS/YEAR MSP TREND: WORSE PEER RANK: 3 ò ENERGY RELATED CARBON DIOXIDE EMISSIONS PER CAPITA This data is for Minnesota 16.5 METRIC TONS MSP TREND: WORSE PEER RANK: 8 ñ ELECTRICITY COST10 8.0 CENTS/KWH MSP TREND: BETTER PEER RANK: 9 ò ELECTRICITY PRODUCED FROM NON-CARBON SOURCES 62.0 % MSP TREND: BETTER PEER RANK: 2 ó ELECTRIC VEHICLE CHARGING STATIONS PER 100,000 RESIDENTS9 10 MSP TREND: BETTER PEER RANK: 8 ó NUMBER OF NONSTOP DESTINATIONS OUT OF MSP AIRPORT8 130 MSP TREND: WORSE PEER RANK: 6 ó HIGHWAY MILES RATED IN “GOOD” CONDITION This data is for 8-county area 73.4% MSP TREND: BETTER BRIDGES THAT ARE RATED “POOR” This data is for Minnesota 4.9 % MSP TREND: WORSE PEER RANK: 5 ó ANNUAL HOURS OF DELAY PER COMMUTER 32 MSP TREND: BETTER PEER RANK: 6 ò POPULATION LIVING WITHIN 30 MINUTES OF 100,000 JOBS BY TRANSIT OR WALKING 4.9 % MSP TREND: BETTER PEER RANK: 6 ó POPULATION WITH COMMUTES LESS THAN 30 MINUTES 61.7 % MSP TREND: WORSE PEER RANK: 1 ó POPULATION THAT HAS ACCESS TO ADVERTISED BROADBAND SPEEDS OF 1GB OR HIGHER 11.7 % MSP TREND: BETTER PEER RANK: 7 ñ 8TH GRADE STUDENTS ACHIEVING MATH STANDARDS6 This data is for 14-county area WHITE 69.3% MSP TREND: N/A OF COLOR 40.9% MSP TREND: N/A HIGH SCHOOL GRADUATION RATE This data is for 14-county area WHITE 89.2% MSP TREND: BETTER OF COLOR 74.9% MSP TREND: BETTER HIGH SCHOOL GRADUATES ENROLLING IN POST-SECONDARY EDUCATION7 This data is for 14-county area 72.4 % MSP TREND: WORSE 3-YEAR GRADUATION RATE AT 2-YEAR INSTITUTIONS This data is for Minnesota 49.0 % MSP TREND: WORSE PEER RANK: 6 ò 6-YEAR GRADUATION RATE AT 4-YEAR INSTITUTIONS This data is for Minnesota 72.0 % MSP TREND: BETTER PEER RANK: 3 ñ 3RD GRADE STUDENTS ACHIEVING READING STANDARDS5 This data is for 14-county area WHITE 67.4% MSP TREND: N/A OF COLOR 39.6% MSP TREND: N/A MEDIAN HOME PURCHASE PRICE $315,200 MSP TREND: INCREASING PEER RANK: 5 ó 5 & 6) 2019 Data; State testing was cancelled in 2020 due to COVID. 7) Within 2 Years of Graduation. 8) As of May 2021. 9) Public Stations only (*) No New Data Available 10) Average Industrial Rate (*) No New Data Available. 11) Data only available for four peer regions. 12) Households that pay 30% or more of their income on monthly housing costs, renters and homeowners with a mortgage. 13) For 2-bedroom apartments only. VITAL STATISTICSGROSS REGIONAL PRODUCT $274.2 M MSP TREND: INCREASING PEER RANK: 7 ó GROSS REGIONAL PRODUCT PER CAPITA $75,327 MSP TREND: INCREASING PEER RANK: 5 ò MEDIAN HOUSEHOLD INCOME $83,698 MSP TREND: INCREASING PEER RANK: 5 ò The creation of the Regional Indicators 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 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 BROOKINGS METRO MONITOR brookings.edu/interactives/metro-monitor-2021 CENTER FOR ECONOMIC INCLUSION centerforeconomicinclusion.org/msp-economic-inclusion-indicators GENERATION NEXT gennextmsp.org/data METROPOLITAN COUNCIL RESEARCH & DATA 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/ POVERTY RATE WHITE 5.4 % MSP TREND: INCREASING PEER RANK: 1 ó POVERTY RATE PEOPLE OF COLOR 16.4 % MSP TREND: DECREASING PEER RANK: 11 ò POPULATION 3.6 M MSP TREND: INCREASING PEER RANK: 7 ó POPULATION GROWTH 0.3 % MSP TREND: DECREASING PEER RANK: 8 ò POPULATION OF COLOR 25.2 % MSP TREND: INCREASING PEER RANK: 11 ó 14) Data reflects COVID-19 impact, and, a rank of 1 means the lowest rate of the peer regions. 15) For those making more than $276,200 (married joint); or $166,040 (single)PEER REGIONSDASHBOARD COMPANIONSADDITIONAL RESOURCESRESEARCH PARTNERSLABOR FORCE PARTICIPATION RATE 71.6 % MSP TREND: SAME PEER RANK: 1 ñ TOTAL JOBS 1.9 M MSP TREND: INCREASING PEER RANK: 7 ó UNEMPLOYMENT RATE ANNUALIZED 14 6.4 % MSP TREND: INCREASING PEER RANK: 2 ò TOP TIER TAX RATES CORPORATE TAX This data is for Minnesota 9.8 % MSP TREND: SAME PEER RANK: 11 ó TOP TIER TAX RATES PERSONAL INCOME TAX15 This data is for Minnesota 9.85 % MSP TREND: SAME PEER RANK: 10 ó VISIT THE MSP REGIONAL RECOVERY HUB The COVID-19 pandemic continues to impact the MSP regional economy and regional leaders need real-time data in order to create solutions to accelerate economic recovery. Created in collaboration with regional partners, the MSP Regional Recovery Hub tracks data in real time and provides dynamic insights on economic recovery. To explore the MSP Regional Recovery Hub and find additional resources from regional partners visit www.greatermsp.org/recovery. 2020 GREATER MSP Annual Report 2020 brought sweeping changes to our world and to the Minneapolis-Saint Paul region. The global pandemic and the awakening about the need for greater racial justice and equity accelerated change – much of which was already in motion. This includes changes in the way we think about race and inclusive economic opportunity. It includes changes in where jobs are growing in this new digitally driven economy – and where they are not. We are also seeing changes in how we balance our work with our lives outside of the workplace. More than 3,000 leaders in the GREATER MSP Partnership – hailing from businesses, higher education, government, and community organizations – are working at the forefront of change. After a year that forced us apart, we are coming back together to engage in rich, respectful exchanges on the questions that matter most for a shared future. We are joining forces to pull our region forward, ensuring we continue to grow and thrive. We are making measurable progress, even in the face of the unexpected and significant challenges of 2020. We are listening to each other’s views and experiences, learning, and opening ourselves up to thinking about important issues differently. That is especially important right now because even in a time of great change, we can hold onto an idea that’s always true: We are greater together. Peter Frosch President and CEO Bold. Forward. Together. GREATER MSP 2020 ANNUAL REPORT A Year Of Transformation Make It. MSP. invited 6,000 tech professionals around the U.S. to consider a move to MSP. an initiative that’s making Minnesota North America’s hub for solutions to 21st century food and agriculture challenges like climate change. 6,000 TECH CONNECTIONS LAUNCHED 1,317 Jobs that pay on average over $50,000 with benefits. $370 Million in investment, creating jobs in small and large business construction, engineering, transportation, etc. JOB CREATION PROJECTS CONNECTED5,000 ENTREPRENEURS ENGAGED 50 INTERNATIONAL HEALTH TECH COMPANIES in partnership with Medical Alley.to resources needed to start and grow businesses. LAUNCHED THE MSP RECOVERY HUB at greatermsp.org to help leaders track the pace of our region’s economic recovery from COVID 19. ADVANCING RACIAL EQUITY • Over 2,000 BIPOC students across the region are building their careers through ConnextMSP • Make It. MSP. is supporting the growth of 15 culturally specific professional groups like National Black MBAs • Forge North launched a bold racial equity pledge and action plan for the region’s innovation community Qualified our region to compete for $1.5 billion in COVID-19 pandemic disaster recovery funding from the U.S. Economic Development Administration by adopting the Regional Economic Framework in partnership with Met Council and the Center for Economic Inclusion. $1.5 Billion RESTAURANT BOOKINGS Annual Change in Number of Reservations (% YOY) N/A11 % Source: OpenTable Week ending 10/30 CHANGE FROM1 YEAR AGOCURRENTWEEKCHANGE FROMLAST WEEK -52% -75 25 -50 0 -25 Units inPERCENT LAS T WEE K C U R R E N T W E E K 2020 Highlights GREATER MSP 2020 ANNUAL REPORT • Custom outreach to executives at 175 high- growth digital health companies around the world to message regional leadership in post-COVID-19 landscape • Launched the Demystifying Venture Capital series led by the region’s most active venture capital firms connecting with more than 218 people • As a Launch Minnesota hub, Forge North partners provided education, 1:1 support and networking opportunities to 2000+ entrepreneurs • Earned national certification as an Accredited Economic Development Organization from the International Economic Development Council • Created innovative digital series called MSP Transforming to explore the changes underway in our region’s economy and communities • Delivered customized business lists to notify cities and counties of COVID-19 relief resources • Received two Excellence in Economic Development Awards from the International Economic Development Council (IEDC) 2020 Highlights GREATER MSP 2020 ANNUAL REPORT Assessing the latest progress toward economic recovery in the Minneapolis-Saint Paul region. STEVE GROVE Commissioner, Minnesota Department of Employment and Economic Development (MN DEED) ABIGAIL WOZNIAK Director, Opportunity & Inclusive Growth Institute and Senior Research Economist, Federal Reserve Bank of Minneapolis SRILATA ZAHEER Dean, Carlson School of Management University of Minnesota AUDREY LUCAS Senior Partner, McKinsey & Company Recovery Reality GREATER MSP hosted and presented regular video discussions, including the Recovery Reality digital series created by GREATER MSP to explore major changes taking place in our economy and in communities across the greater Minneapolis-Saint Paul region. This is the 2020 financial recap of the GREATER MSP 501(c)(3) organization that is responsible for building and supporting the partnership with 300+ organizations. STATEMENT OF ACTIVITIES 2020 2019 (000) Audited (000) Audited Revenue $6,290 $5,872 Expenses $5,538 $5,581 Net Asset Increase $752 $291 STATEMENT OF FINANCIAL POSITION 2020 2019 (000) Audited (000) Audited Assets $5,340 $4,315 Current Assets $5,132 $4,021 Fixed Assets, Net $208 $294 Liabilities and Net Assets $5,340 $4,315 Liabilities $1,001 $711 With donor restrictions $968 $985 Without donor restrictions $3,371 $2,619 2020 Financial Recap GREATER MSP 2020 ANNUAL REPORT Year Ending Dec 31, 2020 1 Sovereign Tribal Nations 2020 Investing Partners GREATER MSP is a public-private partnership fueled by over 120 investor organizations from across the 15-county region. Thanks to this alliance of leading businesses, universities, cities, counties, and philanthropic organizations, GREATER MSP is accelerating its work to increase the competitiveness of our region and create economic opportunity for all residents. 1% SOVEREIGN TRIBAL NATION 3% CIVIC 79% PRIVATE 17% PUBLIC INDUSTRY BREAKDOWN GREATER MSP 2020 ANNUAL REPORT 11 Banking Finance Accounting 3 Employment Services 3 Media Public Relations 5 Manufacturing 3 Retail 5 Legal 6 Real Estate 4 Insurance 5 Health Care 3 Philanthropy 3 Travel Transportation 9 Cities 3 Conglomerate 10 Construction Architecture 9 Consulting Services 10 Counties1 Non-Profit 1 1 4 University 5 Water | Food Agriculture 3 Utilities Spectator Sports Port Authority Chair TIM WELSH U.S. Bancorp Vice Chair RICK KING Thomson Reuters Vice Chair GINNY HUBBARD MORRIS* Hubbard Broadcasting, Inc. Vice Chair RAVI NORMAN Norman Global Enterprises Treasurer DENNIS DAHLEN Mayo Clinic CEO PETER FROSCH GREATER MSP DOUGLAS BAKER Ecolab ANDY BESSETTE The Travelers Companies DOUG CARNIVAL McGrann Shea Carnival Straughn & Lamb MAYOR MELVIN CARTER III City of Saint Paul BRETT CARTER† Xcel Energy Inc. COMMISSIONER TONI CARTER† Ramsey County ALBERT J. COLIANNI, JR. Pohlad Companies, LLC DAVID DINES Cargill BETH FORD Land O’Lakes Inc. MAYOR JACOB FREY City of Minneapolis PRESIDENT JOAN GABEL† University of Minnesota COMMISSIONER KATHLEEN GAYLORD Dakota County COMMISSIONER MARION GREENE Hennepin County STEVE HOCKETT Great Clips DAN JOHNSON M. A. Mortenson Company DR. ERIC JOLLY The Saint Paul and Minnesota Community Foundations MICHAEL JONES† TCF Bank PHILIP KAUFMAN UnitedHealthcare of MN, ND, SD AMY LANGER Salo, LLC AUDREY LUCAS McKinsey & Company JAY LUND Andersen Corporation MAYOR MIKE MAGUIRE† City of Eagan TIM MCGOUGH McGough Construction JOHN NAYLOR Medica JON NUDI General Mills, Inc. LAURA OBERST Wells Fargo Bank MICHAEL O’LEARY EY R.T. RYBAK The Minneapolis Foundation DAVID SAGGAU Great River Energy DR. CRAIG SAMITT Blue Cross & Blue Shield of Minnesota COMMISSIONER SCOTT SCHULTE† Anoka County TODD SENGER BMO Harris CHRISTINE SOVEREIGN Accenture JOHN STAUCH Pentair PRESIDENT JULIE SULLIVAN University of Saint Thomas CAROL SURFACE Medtronic COMMISSIONER JON ULRICH Scott County ANDREA WALSH HealthPartners PATRICK WALSH* Korn Ferry LAYSHA WARD Target COMMISSIONER LISA WEIK Washington County *Term ended in 2020 †Term began in 2020 2020 Board Of Directors GREATER MSP 2020 ANNUAL REPORT I T E M: 4.C. E D A ME E T I NG D AT E :J anuary 27, 2022 S E C T I O N:Regular A genda Description: Discuss Apple F ord/L incoln Proposal to Vacate 151st S t. S taff Contact: B ruce Nordquist, Community Development Director Department / Division: Community Development Department AC T I O N RE Q UE S T E D: Discussion and direction to staff given Apple Valley Ford/Lincoln request to further vacate 151st Street. S UM M ARY: Apple Valley Ford has acquired the Auto Mall location between C S A H 42 and 151st Street. A Planning C ommission public hearing and consideration of a conditional use permit and site plan/building permit for a Lincoln dealership at that location, based on a submitted application, begins to be reviewed on February 2, 2022. On February 10, the C ity C ouncil has a scheduled public hearing to receive feedback to vacate a portion of 151st and Gardenia at the request of Apple Valley Ford. Motor vehicle sales within a building is a permitted use, and outdoor sales and display of vehicles are conditional uses in PD-541 and general business zoning districts. PD-541, the Apple Valley Ford location was originally approved in J uly, 1992. Key discussion and decisions by the ED A allowed the Apple Valley Ford development, as we know it today, to be realized and located south of 151st Street and north of 151st Street. T he portion of 151st Street was vacated, then conveyed to the C ity and ultimately is owned by the ED A as Outlot A on the attachments. T he ED A retains ownership for future access for an east/west frontage should it ever be useful or needed. As part of the Ford development the ED A leases Outlot A. An initial lease was acted on by the ED A with adjacent owners in December 1992, a first lease amendment in J uly 1995, and a second lease amendment in October 1999 allowed the City, through the ED A, to retain future control of access for an east/west frontage at this location. A t the time, the ED A sought the flexibility through the leases as amended to adapt with the downtown marketplace as the leases are automatically renewed after an initial 30 years (December 2022) and two additional 30 year periods. Structures are not allowed, and Apple Valley Ford maintains the curb, gutter and lighting in this location for the dealership use. T he discussion by the ED A revisits the prior decisions and agreements as an additional section of 151st Street, and Gardenia Avenue to the east of the existing O utlot A , is subject to the vacation petition request for the Lincoln dealership. Businesses nearby are being contacted by staff to ensure they are aware. T he City Attorney will be available as a resource to the discussion. B AC K G RO UND: N/A B UD G E T I M PAC T: N/A AT TAC HM E NT S : Map Map Site P lan LOCATION MAP HALF SECTION MAP SITE PLAN APPLE LINCOLN APPLE VALLEY I T E M: 5.A. E D A ME E T I NG D AT E :J anuary 27, 2022 S E C T I O N:S taff Communications Description: Update on E D A Commissioner Selection S taff Contact: B ruce Nordquist, Community Development Director Department / Division: Community Development Department AC T I O N RE Q UE S T E D: N/A S UM M ARY: On December 9, 2021, the C ouncil authorized accepting applications for the Economic Development Authority (ED A) vacancy through J anuary 14, 2022. Four applications have been received. T he C ity C ouncil may start considering filling this vacancy at the February 10, 2022, Council meeting. B AC K G RO UND: N/A B UD G E T I M PAC T: N/A