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HomeMy WebLinkAbout5.a. Updates from Greater MSP 9 ROSEN4OUNT EXECUTIVE SUMMARY PORT AUTHORITY Port Authority Date: August 21, 2012 AGENDA ITEM: Updates from Greater MSP AGENDA SECTION: Old Business PREPARED BY: Kim Lindquist, Deputy Director AGENDA NO. 5.a. ATTACHMENTS: Partner Advisory Council Packet; APPROVED BY Adopted Port Authority Goals DO -1 RECOMMENDED ACTION: Discussion ISSUE Greater MSP has a Partner Advisory Council which meets quarterly to get updates on the various Greater MSP activities. In July the packet was sent to Port Authority members to review activities occurring in the region. The Chair asked that the item be placed on the Port agenda to discuss how some of the activities complement our local initiatives. Within this packet are the Greater MSP information and our adopted goals. Please review these items before the meeting to aid in our discussion. RECOMMENDATION Discussion Item. j i ce/ 4 1 e y i �5 -9 5+ s ?°.r .'3142 t-4 GREATER MSP PARTNER ADVISORY COUNCIL MEETING OVERVIEW July 24, 2012 Russ Nelson 317 on Rice Park GREATER MSP" GREATER MSP" 2012 YTD BUSINESS INVESTMENT NUMBERS 7 2"tluartet YCO• 630"1 f Projection Wins 17 30 31 Jobs Pledged 577 1,925 4,000 4,400 y,:; w Investment $120,000,000 $363,500,000 ,000,000 Projects 20 5S $500 67 72 q Opportunities 29210120,000,000 1 90 167 ,000,000 $550200 (Qualifi Ldsj Leads (Contac ea ts) 1028 2191 N/A N/A CEO UPDATE Includes 2011 partial -year carry over Michael Langley GREATER MSP GREATER MSP" GREATER MSP MID -YEAR UPDATE GREATER MSP MID -YEAR UPDATE GREATER MSP has represented the region Ina GREATER MSP works wth varlety ofpart dperfo s a number of countries, U.S. markets and trade shows. Impacted 1925 jobs in the region and $364 Million in capital investment variety of services. Scope of service can vary based on the onereaeh partners involved and needs of the client Light Touch: GREATER MSPprovides insights, information or Canada Data Center World Generated 17 wins, 58 projects and 90 qualified leads nnnertmns China BID Boston Global outreach and operational process established in China, Japan and Medium Touch: GREATER MSP performs a significant task in lapan 7024 (Mission Critical Canada protect (workforce assessment, SAC credits, site assessment) Saudi Arabia Operations) Heavy Touch: GREATER MSP leads or is greatly involved in Austin IMN Data Center Forum project Boston CoreNet Jobs Investment rams "l ago �i71W�iiii� Medium Touch Dallas $17 Million M2 Expansion New York Allina Chart- Owatonna Stream Global 544 Million Distribution Phoenix SW G HQ Expansion Aka Fix Lancer Hospitality Chart New Prague San Antonio San Diego Five 9's MISO 175 $217M10Od Gerdau Prime Therapeutics Waring 'IStrWutiass M HyberDa[a Polar Semiconductor GREATER MSP has built a database to connect over 250 economic development practitioners In Polaris Schwing America the region. 57 Sanmar Teamvantage Data Centers Unison GREATER MSP" greatermsp.org You Tube'_ aApcsi0; GREATER MSP" JOB GROWTH ON TRACK FOR 2012 GREATER MSP MARKETING OUTREACH AUGUST DECEMBER 2012 4,000 GREATER MSP will be actively marketing the region in 3rd and 4 quarter: Market visits to Cleveland, Denver, Toronto, Japan and China 1 925 Participation at the Midwest U.S. —Japan Conference, 2 Centralia (Winnipeg), IEDC Conference, Inter -City Leadership Visit (Denver), and the Life Science Alley Event Attending trade shows: CORE Net, NAIOP, LiveXchange, Medical Design and Manufacturing Annual Break -Even 623 0. Partnering with ULI and the City of Saint Paul to host a media "fam" tour 2012 July 2013 GREATER MSP" GREATER MSP" GREATER MSP MARKETING OUTREACH AUGUST- DECEMBER 2012 =1111211 Manet Oeveane Denver uLraal t rnronro Sg Ms14 (25' inn) Japan IUD) mina RODl Conferences Midwest U. S.- ICLV(Denver GREATER LSA Japan g /30 MSP Conference _a Mtemalional IEDC {Houston, Imitators' (Dec g•^ -9'^I a Association lst,rd) Meeting Conference Centralia pi (16 Conference. (Winnipeg, 10 F gg Trade CORENet (1 Shows NAIDP i 123' Live )(change i 3 4 6 Medical Design Manufactunng region Canadian Fain Taur /ULI Winnipeg PROTOCOL UPDATE visits Manufacturin Event (GREATER Delegation g Exporters M6P /Saint Red, (20' GREATER MSP" GREATER MSP" PARTNER ADVISORY COMMITTEE PROTOCOL UPDATE RECENT WINS CURRENT ACTIVE PROJECTS Light Touch HIGHLIGHT: Project Lightfoot Gerdau Steel Investment: $50 million Lead generated from market visit to Chicago (January 2012) Jobs: 15 new; 330 retained Industry: Manufacturing International company in Oil and Gas Industry Partner Agencies: Minnesota Chamber, DEED, City of Saint Paul, Saint Paul Port Authority, XCEL Energy Potential Jobs: 300 Engineering (Mechanical, Civil and Electrical) Medium Touch Chart Industries Potential Investment: $7,000,000 Investment: $22 million Jobs: 80 new First In- Market visit June, 2012 Industry: Manufacturing Met with 5 GREATER MSP Investors Partner Agencies: DEED, City of New Prague Heavy Touch Site Selection visit anticipated in July 2012 Stream Global Investment: $4 million Greater MSP is one of two regions still vying for the project out of an initial list of over 20 Jobs: 60 Industry: Business Services PartnerAgencies: DEED, City of Apple Valley GREATER MSP" GREATER MSP" DATA CENTER SITE REQUESTS COMPLETE SUBMISSIONS DATA CENTER SITE REQUESTS NEEDS SOME DATA 1-43 CN 9145 Hama Sddna Yea+ W+b 334414 GW WNam MUCM.4* Nereus. 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GREATER MSP" GREATER MSP" PARTNER ADVISORY COMMITTEE MARKETING UPDATE Mapping Initiatives Industrial and Office Park maps 198 locations w —x Data Center Map and Marketing Materials 39 location kv Target Content d ate for completion: September Website U pdates 4 Upgrade: Sectors, Infrastructure, Taxes /Incentives, Workforce Industry and Training s Expanded county pages TM'P Interactive Map China Center Regional Branding MARKETING UPDATE t Sbrtaronndg er infusion of suburban and exurban assets into regional GREATER MSP'" Development of Greater MSP Business TV Program Marketing Outreach (3Q/4Q) GREATER MSP" j %sue fir PRODUCT IMPROVEMENT UPDATE A coordinate BUSINESS RETE NTION AND EXPANSION d business outreach program GREATER MSP" GREATER MSP" BACKGROUND AND RATIONALE GREATER MSP /GROW MN PLAN 104,571 businesses in the 11 County Metro Consultant list received and being analyzed Uncoordinated public/private efforts Standardized survey instrument vetted and approved by Grow MN and GREATER MSP BRE Subcommittee Little to no sharing of information Salesforce.com selected as standard software platform Unfocused efforts Partner agency company visitation schedules ultiple collected ca Coordination currently underway being developed to prevent mlls Data sharing protocol GREATER MSP GREATER MSP" GREATER MSP BR &E DESK GREATER MSP EARLY WARNING SYSTEM GREATER MSP Retention /Expansion desk Monitoring System Coordinate company visits Will provide immediate coordinated response Ensure data entry When appropriate will introduce GREATER MSP Project management to coordinate regional response Coordinate travel opportunities GREATER MSP" GREATER MSP" Workforce Assessment Initiative Meeting Minnesota's Assessment of "workforce alignment" Understanding needs of employers W orkforce Needs Supply and demand in 25 occupational areas Skills and knowledge required for employment "Market" knowledge of job opportunities by students and workers Sponsored by: 44 meetings in April -May, 2012 facilitated by State Minnesota Chamber of Commerce Chamber. Labor market data provided by DEED. Minnesota State Colleges and Universities 6 industry areas: healthcare, IT, engineering, MN Department of Employment and Economic Development transportation, energy and manufacturing Agriculture /agribusiness scheduled July 16 July 31. MINNEtiOTA PJ5�1 MIN�'ESOTA Czrrvilr C�- t..au,aaoj Aawl::xwa rravrr,,`M Al/l; ;BSA M 1 Itasca Project Itasca: Align academic offerings with Higher Education Task Force workforce needs Four -part strategy focusing on "learning, innovation and Goal: "A vastly more effective skills market in economic growth Minnesota," with the following features: Align academic offerings with workforce needs; Greater transparency into the skills needed for careers in Foster an ecosystem of research and innovation; Minnesota's economy. Businesses becoming active partners with higher education to Form new collaborations across higher education to help impart desired skills and experiences to students. optimize system wide intellectual assets and Greater transparency into the skills possessed by students at efficiency; and different stages of their degrees. Graduate more students with the foundational and Increased activity and partnership between business and higher technical skills needed to drive Minnesota's education in life -long learning and up- skilling efforts, adding to the valuable base of adults already in the workforce. prosperity. 1�11NNI:SOTA OSIiNEIY M f MINESOTA POSITNELY C'i{Aht 3eR OJ a:,>';; I _/�j Cria C OAI l'.R('F, e...,.. .•.n,e% Cal F:FCF. ury ..•s,rn Workforce Alignment Hands -On Experience Wanted MnSCU Analysis and Response Program alignment Experience takes different forms depending Number of graduates on the industry. Location of programs Consensus that new graduates will be far Degree levels (associate, bachelor's, graduate) more marketable and valuable if they have Options for lengths of programs and schedule of gained practical experience during their course offerings education. Responses through non credit instruction and Response: Internships and service learning customized training Awareness by students of job availability IY1'=° Pt )511 t MSn MINNESOTA PosnvNr -F M t Cu�nxEROJ 1,041. -t I: RCE �.e.. anr„en, ,,e CO.IVt {R(: t. e•s nes Enriched by Student Engagement in Business critical Work Skills High- Impact Educational Practices First -year seminars and Learning communities Teachable skills such as project management, Common intellectual experiences conflict resolution, and problem solving Writing courses Basic attributes: flexibility, accountability Undergraduate research Employees who don't have them are less Collaborative assignments and projects likely to be hired. Diversity and global learning Service and community -based learning Response: example in IT education Internships Capstone courses and projects MINNkS(71'A Povei Min MINNESOTA Pavnvei.v M CP[n ER OJ p:ti2e f i nn ca o A p —r fpkt. Partnerships between industry and Challenges education Fundamental shift in instruction to include Response: example from engineering "high impact educational practices." Response: example in nursing education Availability of an "automated" process for MnSCU centers for: feedback from employers. Information technology Advance /T MN Improved labor market intelligence to predict Health care HealthForce Minnesota future patterns of employment and to Manufacturing Advanced Technology Center antic new occupations /ski requirements. Minnesota Energy Consortium Transportation (to be formed) Funding for higher education. MINNESOTA /II rosimFi> M n t MINNESOTA �/aoSrtivEb M 1 CII,IAtHLIZ Of API-Wa't F n"m5 CHA \ttl .N Of iiy/,�/v�LG Exhibit Next steps U. S. STATE FUNDING OF HIGHER EDUCATION 2000 -2010 Snte higher e�e<etien 0ppropri8 per pahlic FTE' -R- 26.,.E L. Agriculture meetings July 16 31, 2012. Register 19.000 9�oa at: www. mnworkforceneeds.eventbrite.com 9000 8696 Preliminary reports and data currently available at: 8.506 mscuu 8.080 035 7 979 )682 www 7211 ]195 Meet of fa .edu l b cu l ty and administrators siness September 5 `6��,51 October 2012 TON 6996 ...6]90 6662 5816 6,5/ 8.985 5961 8,5]6 "1 6pW 6191 6])1 Action Statement: October 2012 5 95] Financial services meetings: October 2012 SAW 2000 2001 2002 2003 2006 2005 2006 2007 2005 2009 2010 Construction meetings: Spring 2013 ARR i ca a .rAIR.Arv.,tner99,,. 9dJRI£ imr tips Etluutm B:wrtm GTUs MINNESOTA �p OSirrv6ir Min t M INNESOTA ros nv6tV L M t (A"'IR llioieSoA f �G/ ;:XA ....n�E. l_YIA �If, I'RU 1. n1�1 �.1'.R('Y, .,�.n...... •u.rv�u is l(.1hl �t T.FIL -o-.,. y% Metropolitan Council About the Council's forecasts Forecasts of population, households and employment in ten -year increments produced at 2040 REGIONAL least once per decade FORECASTS Minnesota Statutes 473.146 and 473.859 THRIVE MSP 2040 Develop shared expectations of a common future and inform regional and local planning Metropolitan Council About the Council's forecasts Preliminary regional forecast to 2040 Now available: Preliminary regional forecasts to 2040 ri�M� f' %C/ %yam Early 2013: Preliminary, baseline i l y i 1 forecasts by geographic planning Population 2,850,000 3,144,000 3,447,000 3,743,000 area Households 1,118,000 1,293,000 1,464,000 1,576,000 Spring summer 2013: Preliminary local forecasts Employment 1,548,000 1,743,000 1,943,000 2,118,000 February 2014: Adoption of the Thrive MSP 2040 plan Source: 2010 data on population and households from U.S. Census; 2010 data on employment from Minnesota and final local forecasts Department of Employment and Economic Development. 2020-2040 forecasts from the Metropolitan Council. Metropolitan Council l t Metropolitan Council Economic competitiveness drives the Population forecasted to grow 31% forecast outcomes 1.5 percent of national GDP 2/3 from natural growth 37 percent growth 2010 -40 2,118,000 1/3 from international migration 3,aa7,000 ,743,000 1,943,000 3,144,000 1,743,000 2,850,000 1,548,000 1970 1980 1990 2000 2010 2020 2030 2040 1970 1980 1990 2000 2010 2020 2030 2040 Metropolitan Council It Metropolitan Council Components of Population Growth: Significant International Immigration, but Economic Growth Incites In- Migration also Net Loss of Domestic Movers 1 8,000 003,000 1 88.000 18 000 Natural Growth '3 1,000 o 18,000 Natural Growth 018 000 03,000 188,0* i International Migrants '31,000 175,000 108,000 125,000 159,000 179,000 Migration 136,000 Domestic Migrants 75,000 100,000 108,000 i, %Co, A 33 000 a 1991 -2000 2001 -10 2011 -20 2021 -30 2031 -40 1991 -2000 2001 -10 2011 -20 2021 -30 2031 -40 Metropolitan Council Metropolitan Council Population by Race and Ethnicity Population by Age Doubled by Seniors: 2030 21 percent 43 percent More 65+ in 2040 people of Seniors: than <15 color in 2040 11 percent 24 percent n 201D o va a 1 people of 4 color in 2010 a Hispanic I, +:e 504 000 642 000 eAges 65+ 274,000 378,000 Asian and Other c 1 e **3 Ages 25 -64 1,644,000 1,668,000 1,754,000 1,579,000 *Ages 15 -24 e Black or African American Ages 0 -14� S't 2,174,000 2,211,000 2,196,000 2,129,000 r White non-Hispanic 4f0 v 581,000 598,000 639,000 704,000 2010 2020 2030 2040 2010 2020 2030 2040 Metropolitan Council It Metropolitan Council Households forecasted to grow 41% Forecasting methods REMI PI a regional economic model, forecasts Single parent, with children employment population, to ment and o ulation, to reflect economic Couple, with children j 393,000 migration 375,000 a Cohabiting couple, no 350,000 children 325 000 7:, National GDP projections from the long -term Married couple, nog 323,000 327 000 baseline forecast used by Minnesota's State children 294,000 Economist e One person and other 240 000 One person only 327000 388,000 456,000 506,000 ProFamy, a demographic model, converts population forecasts into household types 2010 2020 2030 2040 it Metropolitan Council tMetropoldan Council 4 Metropolitan Council 1:-120 40 What is Thrive Thrive MSP 2040? The long -range plan that creates a vision for the seven county region for the next 30 years r. 2V The update to the 2030 Regional Development 40 Framework that provides the policy direction for the Thrive y next round of the Council's systems and policy plans, A plan to help our region maximize opportunities for ONE VISION, ONE METROPOLITAN REGION growth and prosperity for the coming decades. Metropolitan Council �zoao Opportunities for u MetropolitanCouncil Thrive collaboration Thrive MSP 2040 is the opportunity to define and achieve goals too big for any one community to take on, but possible to accomplish as a region. FOR MORE INFORMATION The region's prosperity is important to everyone local officials, residents, business owners, community Libby Starling leaders. libbv .starlinq(a�metc.state.mn.us www.metrocouncil.orq/data www.thrivemsp.orq Grounding the development of Thrive MSP 2040 in engagement with our partners and stakeholders Metropolitan Council �L i ce! iii" y 1 /,s -te 4- x %v %am tei .7 w w M ,t NEXT STEPS /DISCUSSION NEXT MEETING: October 22, 2012 Russ Nelson 2:00 -4:00, location TBD GREATER MSP'" GREATER MSP" Mission The purpose of the Rosemount Port Authority is to encourage and carry out economic development and redevelopment within the City, acting as the development authority on behalf of the City's interest to increase the tax base, promote new job development and enhance the health, safety and welfare of our residents. Economic Vitality and Development Vision Recognizing potential growth and UMore Park development impacts in the next several decades, we will nurture and promote sustainable development, high quality business and job creation to have Rosemount become the preferred regional magnet and development hub for innovation, emerging and sustainable technologies in the Twin Cities metropolitan area. The following focus areas will guide economic vitality and development. Existing Business Retention and Growth UMore Park an evolving sustainable community development Downtown Redevelopment Industrial Business (and Technology) Park Commercial Amenities Communications, Marketing, and Regional Cooperation Planning and Development Process Guiding Principles Affirm relationships and engagement with existing business community. Welcome start up and relocating businesses supporting their growth and development. Build trust and partnership with our business, educational, and residential stakeholders. Support responsible and sustainable growth within Rosemount's 2030 Comprehensive Plan. Support the redevelopment within the Downtown Framework (2004). Goals Provide clarity to seven focus areas to realize the economic vitality and development. Prioritization of goals and implementation strategies may vary as opportunities arise and policy shifts to meet specific inquiries or partnership requests. Annual goal setting by the Port Authority will provide direction for allocation of limited resources. EXISTING BUSINESS RETENTION AND GROWTH Goal: To increase the positive interactions and engagement with existing businesses through partnership and networking in support of our desirable small town atmosphere. Objective: To increase the use of interactions, information and feedback to focus resources effectively. Implementation Strategies 2011 -2012: Introduce integrated message to business and the public (2011 4` quarter). 2012: Evaluate 2011 introduced weekly email communication to business outreach and determine effectiveness and next steps. 2012: Create retention metric for evaluating existing business engagement. 2012 -2013: Investigate new marketing opportunities for local businesses within city. (i.e. Taste of Rosemount) DOWNTOWN REDEVELOPMENT Goal: To increase the number and variety of retail and commercial destinations to maintain Downtown as a place of commerce. Objective: To continue implementing the Development Framework for Downtown Rosemount (July 2004) with its eight identified focus areas. Implementation Strategies 2012: Secure a broker and /or developer and market Genz -Ryan property for a period of one year. 2011 -2013: Partner with MVTA to facilitate construction of Park and Ride and work to move up its anticipated 2013 construction date to increase downtown parking availability during non transit time. 2012 -2015: Create a Redevelopment Status List of existing properties and business owners within the Downtown Redevelopment areas for upgrades, renovations and revitalization opportunities. Report quarterly to Port Authority. UMore PARK DEVELOPMENT Goal: To increase sustainable business and employment opportunities within an extended and Tong -term community development. Objective: To increase clarity of scope, schedule and development costs. Implementation Strategies 2011 -2013: Monitor Alternate Urban Area -Wide Review (AUAR) as the Responsible Governmental Unit (RGU), collaborating with Empire Township and UMore. 2012 -2015 Partner with the UMore development group to establish marketing and job creation opportunities consistent with creating a regional hub for emerging and sustainable technologies. 2012 -2022: Investigate with UMore development group scope and timing of a demonstration project of sustainable development concepts and eco industrial park development. COMMERCIAL AMENITIES Goal: To increase the quantity of desirable underserved retail and commercial businesses. Objective: To secure a hotel facility within the city limits. Implementation Strategies 2011 -2012: Market /RFP Hotel Study and pursue investors and /or developer. 2012 -2015: Investigate /pursue niche businesses driven by unique markets instead of a growth model that depends on population size or number of "rooftops." INDUSTRIAL BUSINESS (AND TECHNOLOGY) PARK Goal: To increase the quantity and quality of business and employment opportunities for residents while broadening the sector and tax base. Objective: To increase visibility and marketing direction for available development opportunities. Implementation Strategies 2011 -2012 Meet with undeveloped guided Business Park development stakeholders to understand their issues, goals and timing related to development. Create action items based on outcome. 2012: Continue to participate in the regional Twin Cities marketing strategy, Greater MSP. Evaluate partnership yearly. 2012: Investigate re- branding the Business Park to be consistent with a transition to sustainable and innovative development. 2012 -2014: Investigate /partner to determine feasibility of establishing a "business incubator" growth model. Consider emerging technologies, sustainability, nanotechnology opportunities. COMMUNICATIONS, MARKETING AND REGIONAL COOPERATION Goal: To increase the quantity and quality businesses. Objective: To increase the visibility and marketing of Rosemount business opportunities locally and regionally. Implementation Strategies 2011 -12: Develop a "development briefing" message (an "elevator speech" sales pitch). 2011 -12 Develop an economic development "ambassador" contact list and program. 2011 -2012: Create a long term public engagement strategy for the business community and Rosemount residents. 2012: Continue to participate in the regional Twin Cities marketing strategy, Greater MSP. 2012: Continue to collaborate with Rosemount Business Council and Dakota County Regional Chamber of Commerce to enhance more local marketing effort. PLANNING AND DEVELOPMENT PROCESS Goal To increase communication of value, timeliness and consistency of development to the economic development community, businesses and our residents. Objective: To increase data driven level of service in communication and efficiency of operations. Implementation Strategies 2012: Establish a joint meeting schedule with City Council (1 -2 times annually). 2012: Establish a metric to measure impact and value of development efforts (i.e. staff costs and expenditures as a percent of development costs and /or tax revenue). 2012: Establish an exit survey to develop metric for planning and development improvement recommendations. October /2011