HomeMy WebLinkAboutII.2.b. Comp Plan Update Economic Development
ECONOMIC DEVELOPMENT ELEMENT
Rosemount Employment Base and Resident Employment
Rosemount is uniquely situated in the southeast Twin Cities metro area with prime access to
highways, ports and the regional airport. Hwy 52, a four-lane, north to south running
highway, connects Rosemount with the Minneapolis St. Paul Airport and downtown St.
Paul; the four-lane, east-to-west running, County Road 42 connects Rosemount to Hastings
and Burnsville and to major routes leading into downtown Minneapolis; and the Mississippi
River is on Rosemount’s northeast boundary, including three barge terminals. The location
of Rosemount’s economic base is also uniquely situated compared to its population base.
The majority of Rosemount’s households are located in the western third of the City, while
Rosemount businesses, industry, and institutions are spread through the community. Taking
advantage of these economic development opportunities during the next 20 years will be the
purpose of the Economic Development Element of the Comprehensive Plan.
Table 1 shows the ten businesses and institutions that employ the most workers within
Rosemount. Two of the top three employers are the educational institutions; Rosemount-
Apple Valley – Eagan – Independent School District #196 and Dakota County Technical
College. It will be important for Rosemount to maintain cooperative relationships with
these institutions, not only because of their importance as employers within the City, but
also to ensure that their education programs prepare trained workers for current and future
Rosemount businesses. Table 1 also shows that seven of the remaining eight large
employers are manufacturing or industrial in nature. This illustrates the importance of
industrial business for employment within the community, but also points to opportunities
for additional tax base expansion into other sectors such as retail, services, or financial.
Table 1: Rosemount Top Ten Employers in 2018
Product or Service Employees
Flint Hills Resources Oil Refining 863
Rosemount Apple Valley Eagan Education 767
School District #196
Dakota County Technical College Education 373
Proto Labs Prototyping and 300
Production
Wayne Transports Trucking 300
Spectro Alloys Aluminum Smelting 179
Endres Processing Recycled Food Products 90
City of Rosemount Municipal Government 80
Eldorado Packaging Multiwall Bags 75
Minnesota Energy Resources Natural Gas 55
Source: City of Rosemount
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Table 2 shows that 12,243 Rosemount residents were employed in 2015, while there were
only 7,822 jobs offered by the businesses within Rosemount, which results in over 4,400
people required to leave Rosemount to find employment. When looking at the various
industries in which residents are employed, the disparity between where residents work and
what employment opportunities are available in Rosemount is most prevalent in four
industries: Retail Trade; Finance, Insurance, and Real Estate (FIRE); Professional, Scientific
Management and Administrative; and Educational, Health and Social Services.
Of the four industries listed above, all but Retail Trade offer average wages that match
Rosemount’s level of household income. For example, within the professional, scientific,
management and administration (professional) industry, there are 1,329 Rosemount residents
employed within this field while there are only 223 jobs available within the City, creating an
employment pool of 1,106 workers. Table 3 shows the average yearly wage for jobs within
Rosemount for a worker in a professional field is $51,447, while the metro area average
yearly wage is $68,744. Professional businesses would typically be located within the
commercial, corporate campus or business park land use designations of the Comprehensive
Plan.
Commuting habits of Rosemount residents reaffirm that much of the employment for
Rosemount residents is located outside of the City borders. Approximately 43% of residents
commute to a place of employment located outside of Dakota County. Additionally, 40% of
all residents have commute times longer than 30 minutes. Providing places of employment
within the community for Rosemount workers will reduce the overall cost of commuting
and strengthen the local economy. Reduced commuting costs can have a positive impact on
the local economy by freeing up income that would normally be spent getting to and from
work for more discretionary purchases.
The City should recruit businesses in the financial, insurance, and real estate (FIRE) and
other professional industries to locate within Rosemount. There is a significant amount of
Rosemount residents that are employed in these fields from which the new businesses could
draw their employees. There is more discussion about available labor as the national and
state economies continue to expand. The commute information, coupled with the education
attainment of Rosemount residents, indicates that, all things being equal, there is an available
workforce in Rosemount. In the future, with additional residential growth, promoting the
availability of a community workforce will be one of the City’s business attraction strategies.
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Table 2: Comparison of Employees to Employers within Rosemount in 2015
Rosemount Deficiency of Jobs
Number of Employees
Residents within Rosemount to
in Rosemount
Employed by match Resident's Place
Businesses by Industry
each Industry of Employment
Agriculture 33 0 -33
Arts, Entertainment, Recreation and
Food Service 950 42 -908
Construction 358 1,214 856
Educational, Health and Social Services 2,742 1561 -1,181
Finance and Insurance, and Real Estate 1,300 120 -1,180
Information 350 16 334
Manufacturing 1,296 1,962 666
Other Services (Except Public
Administration) 575 154 -421
Professional, Scientific, Management
and Administrative 1,329 223 -1,106
Public Administration 540 318 222
Retail Trade 1,391 224 -1167
Transportation, Warehousing and
Utilities 909 1,133 224
Wholesale Trade 470 86 -384
Total 12,243 7,822 -4421
Source: Minnesota Department of Economic Development and US Census Bureau
Table 3: Rosemount Industries in 2012
Average Average
Establishments Employees Total Wages Weekly Wage Yearly Wage
Accommodation and Food Services 29 466 $5,105,000 $210 $10,954
Administrative Support and Waste
Management & Remediation Services 23 207 $8,089,000 $751 $39,077
Agriculture, Forestry, Fishing,
Hunting and Mining 4 32 $1,846,751 $1,127 $57,711
Arts, Entertainment, and Recreation 12 87 $866,000 $191 $9,954
Construction 59 811 $46,605,926 $1,105 $57,467
Health Care and Social Assistance 36 393 $7,502,000 $367 $19,089
Manufacturing 19 1440 $138,167,000 $1,845 $95,949
Other Services (Except Public
Administration) 27 221 $6,999,000 $609 $31,669
Professional, Scientific, and Technical
Services 55 94 $4,836,000 $989 $51,447
Public Administration 3 43 $2,279,736 $1,020 $53,017
Real Estate, Rental and Leasing 9 14 $386,000 $530 $27,571
Retail Trade 34 347 $8,250,000 $457 $23,775
Transportation, Warehousing and
Utilities 20 706 $44,792,000 $1,220 $63,445
Source: Minnesota Department of Employment and Economic Development
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Rosemount Port Authority
In 1979, the City of Rosemount established the Rosemount Housing and Redevelopment
Authority (HRA), which implemented a number of projects, most notably the Rosemount
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Plaza block located southeast of the intersection of 145 Street West and South Robert Trail.
In 1991, the City converted the HRA into the Rosemount Port Authority for the purpose of
undertaking housing, economic development, and redevelopment activities within the City.
The Port Authority has seven members consisting of the up to five Councilmembers
including the Mayor, and at least two appointed residents.
The Port Authority sets the economic development policy for the City, acquires and
demolishes buildings on blighted and underutilized land for redevelopment, and recruit’s
new businesses to locate within Rosemount, among other responsibilities. Many of the
programs described within the Economic Development Element, such as Downtown
Redevelopment and the establishment of the Rosemount Business Park, have been or are
being accomplished through the work of the Port Authority. The Port Authority is
responsible for implementing the Goals and Objectives of the Economic Development
Element, as well as continuing to monitor the economic health of the City while recruiting
new business and encouraging the growth of existing businesses. Since the last
Comprehensive Plan the Port Authority has taken a more active role in highlighting local
businesses through the City’s website, business appreciation events, and introduced a Home
and Business Expo.
Downtown Redevelopment
The City of Rosemount originally adopted a redevelopment plan for Downtown Rosemount
in 2004 entitled the Development Framework for Downtown Rosemount. That plan was updated and
approved in 2018 to reflect the changes that have taken place in Downtown since the plan’s
original adoption. The Framework covers the properties in the historic Downtown, roughly
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described as the blocks on both sides of South Robert Trail from 143 Street West on the
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north to approximately 148 Street on the south. The Framework addresses seven focus areas
within Downtown: Crossroads North; Crossroads South; Core Block West; Core Block
East; Legion Block; Genz-Ryan; and Fluegel’s. The Framework Update considers expansion
of Downtown to increase the ability for redevelopment on those blocks unaffected by
previous public and private reinvestment. The Update also acknowledges those blocks which
have been redeveloped and the private investment that has occurred on many of the
Downtown parcels.
To help spur Downtown redevelopment, in 2004 the City established the Downtown-
Brockway Redevelopment Tax Increment Financing (TIF) district. The TIF district uses
increased tax income (also known as tax increment) from the former Brockway Glass factory
redevelopment into the Harmony residential neighborhood to pay for land acquisition, land
clearing, and infrastructure costs associated with Downtown redevelopment. TIF funds
were used for infrastructure and parking space construction instrumental in the
redevelopment of Core Block East, land acquisition at the former Genz-Ryan site, and
acquisition of the Downtown park and ride transit station. The funds also assisted in
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demolition of the Brockway Glass factory, which permitted construction of a mixed
residential neighborhood, Harmony.
Since 2008, the City has received almost $1.4 million from the Metropolitan Council’s
Livable Community Demonstration Account (LCDA) grant for land acquisition costs and
infrastructure improvements for redevelopment projects such as The Rosemount Senior
Living and Cambrian Commons senior apartments. The goal of public inputs into
Downtown redevelopment is to spur private sector investment in other Downtown
properties. The Downtown has seen major renovations of both the First State Bank of
Rosemount and Fluegel’s, along with reinvestment in several of the structures within the
Downtown area over the past ten years.
The City has been active in the redevelopment of other blocks with particular attention on
the old St Joe’s church block. Acquisition was prompted by the need to dedicate land for a
County library. The remainder of the site was parceled off for private development of The
Rosemount Senior Living center along with the Steeple Center, a community space
dedicated to community seniors and the arts, but used by a variety of community groups.
The City also facilitated installation of the Downtown park and ride by providing a low-cost
lease to MVTA and partnering to obtain federal funding of the facility. Many of the
Downtown projects have been a collaborative effort both through financing and design with
other public and private partners.
Finally, the City has established the Downtown Code Improvement Program that provides
grant funding for improvements to bring the existing Downtown buildings into compliance
with the building code. The program eligibility is for any business or property owner whose
building is listed within the Framework and who is making exterior and façade improvements
to the building in accordance with the Downtown Rosemount Design Guidelines. To encourage
the reinvestment in façade improvements, business and property owners who pay with their
own funds for façade improvements can request public funds to pay for code improvements
to their building.
Business Recruitment, Assistance, and Retention
To support small businesses and promote entrepreneurship in Rosemount, Open to
Business is available to provide one-on-one business counseling to current and prospective
business owners at no cost. Consultants provide assistance with business plan development
and the identification of challenges and opportunities, among other things. Additionally,
business owners can learn about other resources such as training programs, governmental
services, and networking opportunities. This program is a collaborative effort between the
Dakota County Community Development Agency and the City. The City also partners with
the Dakota County Regional Chamber of Commerce to connect with businesses in the
community to understand the needs and concerns of business leaders in the community. The
City’s website provides online resources for new business owners and entrepreneurs. A
“virtual incubator” directs residents to other agencies that can assist with business financing,
networking and other business advice.
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The City works closely with the Minnesota Department of Employment and Economic
Development and Greater MSP to respond to requests for information by businesses that
are looking to relocate, particularly those businesses that are looking for greenfield sites on
which to construct new facilities. The City shares data regarding municipal services, site
details, transportation, as well as any other specific information requested. For example,
there is a Shovel Ready site within the Rosemount Business Park enrolled in the DEED
Shovel Ready Program. The City has also participated in Xcel Energy’s site certification
program to compile information to have specific site information ready when City staff
fields a request for information. There are currently three sites within the community
highlighted in the Xcel program.
The City’s relationships with the educational institutions within Rosemount, such as
Rosemount-Apple Valley-Eagan School District #196 and Dakota County Technical
College, and the greater region, such as Inver Hills Community College and the University of
Minnesota, are important for business recruitment and the health of the local economy.
Another good resource for information and employee training is the Dakota/Scott
Workforce Investment Board. Businesses that are looking to locate within Rosemount have
concerns that there is an existing base of well-educated employees to recruit from, as well as
local educational institutions that have training programs to create new workers and provide
continuing training and education for existing employees. It is important for Rosemount to
work with the local educational institutions to ensure that their training programs will
support the needs of existing businesses within Rosemount and provided a well-educated
employee pool for future businesses to draw from.
Rosemount Business Park
The City established the Rosemount Business Park, which contains about 280 acres of
contiguous land, roughly bounded by County Road 42 to the north, a line one-quarter of a
mile north of County Road 46 to the south, Biscayne Avenue to the east, and the Union
Pacific rail line and South Robert Trail to the west. The Rosemount Business Park was
initiated when the City purchased 80 acres of the business park land and established a TIF
district to provide the initial infrastructure to the park. The original 80 acres have since been
developed with seven buildings currently housing businesses such as Proto Labs, Sweet
Harvest, and Geometrix. Approximately 35 acres located south of Boulder Trail have been
designated as Shovel Ready by the Minnesota Department of Employment and Economic
Development. Sites that are certified as Shovel Ready have already undergone the most
time-consuming legal, technical, and regulatory aspects of the development process. The
Shovel Ready site within the Business Park has received preliminary plat approval for future
subdivision as well as a Phase I environmental review.
There are two main landowners within the larger Business Park area: the Pahl Family and JJT
Financial. The City keeps in regular contact with both landowners and works with their
representatives in business attraction and marketing of sites. The City has worked with the
Minnesota Department of Transportation to define the road alignment in the area,
identifying the location of the next intersection along Hwy 3. The plan is to have Business
Parkway extend to the south and intersect with Hwy 3, across from Canada Circle, providing
necessary access for businesses in the Park from either Hwy 3 or County Road 42.
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Retail Commercial
The City currently has about 130 acres of land developed with retail commercial uses. The
retail businesses are predominately located either in Downtown Rosemount or in a district
west of South Robert Trail and south of County Road 42. The businesses are predominately
small service retail businesses, several restaurants, and two grocery stores. Vacant retail
commercial space occurs through normal turnover in existing retail strip malls, although
vacancies for the last several years has hovered around 5%. This is in part due to the size of
the retail sector and the effect of one larger retail vacancy skewing the overall rate. Often
many of the retail centers do not have a vacancy when reviewed, which occurs generally on a
quarterly basis. The City has made a commitment to attract additional retail and services to
the community for the growing residential base. This has led to contracting with retail
attraction companies to aid in drawing new businesses to the City. The City has also looked
to bring a hotel to town and facilitated discussions with several companies, developers, and
landowners to bring the needed service to Rosemount. Twice the City has financed a hotel
market study to draw interest.
Commercial land available for new development is located east of Hwy 3, at the intersection
of County Road 42, and also at the 42/Akron Avenue intersection. These are projected for
development in the next decade as the community continues to grow. The anticipated
development within in the University of Minnesota’s UMore property will also provide a
catalyst for additional retail and service demand. It is anticipated that some of the 3,000 acres
designated for development will include retail and business opportunities. The City sees the
Akron Avenue commercial area as a key attraction for new residential growth both to the
north and south, and also to serve the established Dakota County Technical College.
Additional lands have been designated for commercial at the Hwy 52/County Road 42 and
Hwy 55/County Road 42 intersections. These areas are projected to develop in the later
years of the existing Plan horizon. Care must be taken to maintain these parcels for future
commercial uses. Commercial development often follows residential, so there is a lag in its
development. The City should be patient with these outlying sites to ensure there are
valuable opportunities in the future. Current requests for these sites are sometimes
commercial entities with little retail or service value for community residents and often
involve significant amounts of outside storage and display of trucks and other vehicles.
These uses should be discouraged in the high visibility, high traffic sites in favor of more
traditional retail and service functions.
At present, there are no general merchandise, home improvement, or other types of big box
stores in Rosemount. For this reason, most Rosemount residents leave the City to fulfill
their daily or weekly shopping needs, typically to the communities to the west and north,
such as Eagan, Apple Valley, Burnsville, and Lakeville. Recent efforts to solicit big box
businesses to Rosemount have been unsuccessful for a number of reasons, but businesses
most commonly cited the lack of direct controlled access to major roads and the lack of
residential households. Over 6,400 additional households are expected to be constructed by
2040, which is an increase of 76% over the 8,400 households within Rosemount today. The
City continues to build relationships with local and regional commercial brokers to highlight
growth and development within the community. One of the ways to encourage good quality
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commercial development is to make sure there is enough land for commercial/service
development with zoning ordinances that are clear about development expectations.
Existing zoning ordinances should be reviewed to address emerging commercial uses.
Presently there are more private recreational uses and medical uses that are locating into
traditional strip malls. Ordinances should be written to provide the greatest flexibility to
development owners so that they can maintain reasonable occupancy without negatively
affecting surrounding land uses.
Office Commercial
Rosemount has minimal office space, with the current office supply normally occupied with
either professional offices, such as dentists or insurance agents, or associated with existing
manufacturing or industrial businesses.
As shown in Table 2, there are over 1,300 Rosemount residents who are working in the
finance, insurance, and real estate (FIRE) field, while Rosemount FIRE businesses employ
only 120 people. This deficiency of about 1,200 residents who need to leave Rosemount to
work in the FIRE field would indicate that there is a need for additional office space within
Rosemount. Table 2 also shows a deficiency of over 1,100 residents who leave Rosemount
to work in the professional, scientific, management, and administrative field. Lastly, over
1,100 residents leave the community to work in educational, health, and social services.
The Comprehensive Plan should designate commercial and corporate campus land to
support independent standalone office buildings, and to ensure the ability to provide office
space needed in conjunction with manufacturing and industrial businesses as well. Zoning
ordinances should be reviewed to make sure they allow services within commercial office
areas to increase economic viability of developments.
Industrial
Rosemount has a long history of industrial development, from manufacturing facilities near
Downtown, such as Greif Paper and the former Brockway Glass factory, to heavier
industrial on the east near US Hwy 52, such as Flint Hills Refinery, Spectro Alloys, Endres
Processing, and CF Industries. More recently, industrial development has occurred in the
form of office/warehouse and manufacturing industrial within the Rosemount Business Park
and trucking terminals near the interchange with US Hwy 52 and County Road 42.
While Rosemount is discouraging new heavy industrial or other industrial businesses that
require significant amounts of outdoor storage, Rosemount does encourage new
manufacturing, warehousing, and trade industrial businesses to locate within Rosemount.
These businesses bring jobs that can support an entire family while providing a significant
industrial property tax base. Table 2 shows that nearly 400 Rosemount residents in the
wholesale trade field need to leave Rosemount to work every day. Continuing to provide
sufficient business park and industrial/mixed use land within the Comprehensive Plan would
allow these businesses to locate within Rosemount. The City is partnering with individual
property owners, DEED and Xcel Energy to highlight available vacant industrial land. Both
the University of Minnesota and the Pahl Family Farm have industrial acreage being
marketed through various channels. These sites are also featured as Shovel Ready sites in the
DEED and Xcel programs.
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UMore Park
The University of Minnesota owns about 5,000 contiguous acres of land, 3,000 acres of
which is located in southern Rosemount and 2,000 acres of which are located in northern
Empire Township. The University has used the land as a research farm named the
University of Minnesota Outreach, Research and Education (UMore) Park. The 2040 Plan
will be the first time land uses have been assigned to property within the UMore area. The
designations are in anticipation of mixed development occurring, generally along the County
Road 42 corridor. There is industrial land designated east of Dakota County Technical
College. These lands have been marketed in response to several RFP’s for large vacant tracts
of land. The AUAR indicated that this area could be a mix of industrial and commercial
uses, which would also be acceptable. Presently the City is designating the property
industrial, given the level of interest for this use. When additional development occurs on
the UMore site, some of the land use boundaries will become more defined.
A mix of residential development, with some ancillary services, is anticipated west of Dakota
County Technical College. Currently the University Board of Regents has approved a
purchase agreement with a master developer; the sale has not as yet occurred. Development
within the UMore area will change the character of the community and care must be taken
to ensure that its development complements existing Rosemount neighborhoods. Although
part of the University landholdings, the site is within Rosemount and should be planned to
be harmonious with the community and not a separate neighborhood unto itself. UMore’s
development will also assist in drawing additional retail/service uses as the population and
household densities continue to increase. Certainly adding additional households will bring
available workers to future businesses within Rosemount.
Fiscal Disparity
In the seven county Twin Cities metropolitan (metro) area, the tax base gained from new
commercial or industrial growth is shared by the entire metro area, not solely by the
community in which the economic development occurs. This commercial and industrial
(C/I) tax base sharing program is called fiscal disparity. Since 1971, forty percent (40%) of
the tax base of any new C/I development is taken from the local community and given to a
common metro area pool. This common pool is then redistributed to all the communities
based on their total tax base (commercial, industrial, residential, and agricultural).
Essentially, fiscal disparity takes tax base from communities that have seen significant
economic development since 1971 and gives it to communities where post-1971
commercial/industrial development is a small percentage of their total tax base. Various
justifications are given for this program, most notably to discourage individual communities
from competing for the same new businesses.
Fiscal disparity has historically taken C/I tax base from the first and second ring suburbs
along the I-494 and I-694 strip that have seen significant growth since 1971 (Bloomington,
Minnetonka, Eagan) and given it to the inner cities who had significant C/I tax base prior to
1971 (Minneapolis and Saint Paul) or to suburban communities that have lower levels of C/I
tax base compared to their total tax base (Cottage Grove, Apple Valley, Prior Lake).
Minneapolis has seen significant growth in C/I tax base leading to reversal of that trend.
Table 4, attached to this executive summary, shows that in 2016 Minneapolis lost $3.3
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million while Saint Paul gained $29 million in tax base due to fiscal disparity. Table 4 also
shows that Minnetonka lost $9.7 million in tax base while Cottage Grove gained $2.9 million
in tax base. Rosemount is affected fairly neutrally by fiscal disparity, receiving only about
$37,000 in tax base in 2016.
Table 4: Fiscal Disparity of Select Cities Payable in 2016
Fiscal Post-1971 C/I Tax
Pre-1971 C/I Post-1971 C/I Total 2016 2014 Disparity Base as a percentage
Tax Base Tax Base Tax Base Population Tax Base of Total 2016 Tax
Adjustment Base
Prior Lake $278,935 $2,924,181 $30,471,969 24,911 $1,253,009 10%
Cottage Grove $537,275 $5,845,969 $30,784,863 35,250 $2,852,812 19%
Lakeville $1,215,214 $14,086,875 $65,746,835 59,361 $1,220,959 21%
Apple Valley $1,113,396 $10,882,278 $50,625,395 50,330 $1,994,871 21%
Rosemount $702,215 $6,634,755 $26,239,489 22,490 $36,956 25%
Saint Paul $25,299,251 $79,262,261 $239,695,221 299,641 $29,541,974 33%
Minneapolis $56,441,944 $181,464,021 $499,641,258 411,273 -$3,310,064 36%
Minnetonka $3,361,788 $38,370,443 $10,4503,721 51,144 -$9,744,736 37%
Eagan $2,654,377 $34,786,939 $91,004,063 66,810 -$5,810,075 38%
Source: Metropolitan Council
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Economic Development Element Goals and Policies
1. Provide local shopping opportunities for residents to purchase their daily and
weekly needs within Rosemount.
a. Work with the Dakota County Regional Chamber of Commerce to recruit
more retail commercial businesses to locate within Rosemount.
b. Provide retail commercial land adjacent to planned controlled accesses onto
major roads.
c. Provide retail commercial land near existing and planned households.
d. Continue to use the Downtown Code Improvement Plan, Twin Cities
Community Capital Fund, and similar programs to assist businesses to
improve existing retail commercial buildings.
e. Continue to actively market Rosemount to commercial brokers and retail
businesses through the Rosemount marketing strategy to expand the retail
opportunities within the City.
2. Expand Rosemount’s employment base to provide jobs that can support an
entire household.
a. Provide office commercial land to support businesses with the financial and
professional fields.
b. Provide additional light industrial land to support wholesale trade,
warehousing, and utility businesses.
c. Work cooperatively with the Dakota County Technical College, Rosemount
School District #196 and other educational institutions within Dakota
County to train workers with the skills needed for existing and future
Rosemount businesses.
d. Pursue outside funding sources to develop or redevelop land for commercial
and industrial uses, such as Metropolitan Council Livable Communities
Demonstration Account and Tax Base Revitalization Account, Dakota
County Community Development Agency, Minnesota Department of
Employment and Economic Development, and other applicable grants.
e. Continue to actively market Rosemount to commercial brokers and
appropriate businesses through the Rosemount marketing strategy to recruit
businesses that provide wages to support an entire household.
3. Expand Rosemount’s employment base to provide employment opportunities
for all residents.
a. Provide land that would support a variety of commercial and industrial
businesses to ensure a sufficient mix of employment opportunities for all
skilled Rosemount residents.
b. Work cooperatively with the Dakota County Technical College, Rosemount
School District #196 and other educational institutions within Dakota
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County to train workers with the skills needed for existing and future
Rosemount businesses.
c. Pursue outside funding sources to develop or redevelop land for commercial
and industrial uses, such as Metropolitan Council Livable Communities
Demonstration Account and Tax Base Revitalization Account, Dakota
County Community Development Agency, Minnesota Department of
Employment and Economic Development, and other applicable grants.
d. Continue to actively market Rosemount to commercial brokers and
appropriate businesses through the Rosemount marketing strategy to recruit
additional businesses.
4. Balance economic growth within the overall tax base of Rosemount.
a. Provide land available for a balance of commercial and industrial businesses,
including expanding the retail and office commercial sectors while continuing
to support industrial businesses.
b. Work cooperatively with the Dakota County Technical College, Independent
School District #196 and other educational institutions within Dakota
County to train workers with the skills needed for existing and future
Rosemount businesses.
c. Continue to provide for additional residential growth to serve as an
expanding employee pool for Rosemount business, a growing market to
attract additional retail establishments, and balanced tax base when
considering the regional Fiscal Disparity program.
5. Provide for economic development opportunities that create a vibrant
Downtown that maintains a hometown feel.
a. Continue Port Authority involvement in redevelopment projects that
implements the Development Framework for Downtown Rosemount.
b. Pursue outside funding sources to redevelop Downtown properties, such as
Metropolitan Council Livable Communities Demonstration Account and
Tax Base Revitalization Account, Dakota County Community Development
Agency, Minnesota Department of Employment and Economic
Development, and other applicable grants.
c. Continue to use the Downtown Code Improvement Plan, Twin Cities
Community Capital Fund, and similar programs to assist businesses to
improve existing retail commercial buildings and implement the Development
Framework for Downtown Rosemount and Downtown Design Guidelines.
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