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Home My WebLink About02 22 2018 BEC Agenda Packet FULL Business Engagement Committee Meeting Agenda Thursday, February 22, 2017 7:30 a.m. City Hall, Wagon Bridge Conference Room Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com 1. Call to Order 2. Approval of Meeting Minutes a. January 25, 2018 3. Old Business a. None 4. New Business a. Marketing/Communication Materials b. Construction Impact Planning 5. Other Business a. EDA Meeting Update b. Residential and Commercial Activity Update c. Staff Update d. Member Ideas/Recommendations 6. Next Meeting Date a. Thursday, March 22, 2018 7. Adjourn 1 4646 Dakota Street SE Prior Lake, MN 55372 CITY OF PRIOR LAKE, MINNESOTA BUSINESS ENGAGEMENT COMMITTEE MEETING MINUTES – January 25, 2018 1. Call to Order The meeting was called to order at 7:33 a.m. in the Wagon Bridge Conference Room at Prior Lake City Hall. Members present: Kim Prchal, Wade Larson, Thane Tande, and Ron Martin. Staff present: Casey McCabe and Amanda Schwabe. 2. Approval of Meeting Minutes a. December 7, 2017 MOTION BY LARSON and SECOND BY PRCHAL to approve the December 7, 2017 meeting minutes. Motion adopted unanimously. 3. Old Business a. None. 4. New Business a. Prior Lake Business Pages Newsletter MCCABE summarized the proposed Winter 2018 Business Pages e-newsletter content including Talk of the Town follow-up, intersection improvement updates associated with TH13/CH21 and TH13/Duluth Ave, 2017 new Commercial/Industrial construction update as well as partnership opportunities with the City of Prior Lake Recreation Sponsorship Program. MCCABE stated that Staff anticipates sending out the e-newsletter by the end of January. PRCHAL suggested adding the date of the TH13/CR 21 intersection improvement Open House on March 15, 2018 at Club Prior to the e-newsletter as well as information related to the 1st Annual Prior Lake Palooza event. MOTION BY PRCHAL and SECOND BY MARTIN to approve the proposed e-newsletter content presented by staff, subject to the addition of information as discussed at the meeting. Motion adopted unanimously. b. Business Mentorship Program (verbal report) MCCABE discussed a possible Business Mentor program, which was previously identified by the BEC and would provide an opportunity for existing business persons to be community advocates to new commercial/industrial business owners. PRCHAL questioned if this program concept has been presented to the EDA. MCCABE stated that the EDA is aware that it was one of the 2018 BEC goals. PRCHAL suggested adding this as a discussion item for the February 12, 2018 joint EDA/BEC meeting. LARSON suggested reaching out to the Chamber of Commerce for potential volunteers. He also recommended adding information regarding this program to the Winter 2018 e-newsletter. PRCHAL stated she will develop a proposal for the February 12th joint meeting. c. Joint EDA/BEC Meeting, Feb. 12th MCCABE stated that one of the 2018 EDA goals was to increase partnerships and collaboration with other committees, including the BEC. The EDA is planning to invite the Chair and/or full BEC to a minimum of four meetings a year. The EDA has extended the first such meeting invitation to the BEC to attend the February 12th EDA meeting. Primary discussion items will be the City of Prior Lake Community Profile along with the proposed Business Mentorship Program. LARSON suggested inviting First Stop Shop to the EDA meeting on February 12, 2018 to discuss marketing materials as well as a future BEC meeting to provide information about business funding programs. 5. Other Business a. EDA Meeting Update MCCABE informed the committee that the January 22, 2018 EDA meeting was canceled due to weather. b. Residential and Commercial Activity Update BEC members received a copy of the residential and commercial activity update as of December 31, 2017. c. Staff Update i. FAST-TRACK Business Challenge MCCABE informed the committee that the Scott County First Stop Shop and Prior Lake Technology Village received the 2018 Program of the Year Award from the Economic Development Association of Minnesota (EDAM) for the FAST-TRACK Business Challenge. The Program of the Year Award recognizes a creative new program or initiative that has been developed to help businesses and a community to thrive, grow and prosper. The FAST-TRACK Business Challenge was a successful, Scott County-wide, collaborative effort to encourage economic development and aid start-up businesses through a Shark Tank style competition designed to put new and emerging businesses in Scott County on the fast-track to success, creating jobs and enhancing economic development in the county. ii. BEC Student Membership MCCABE informed the BEC that a suggestion has been made to appoint a student liaison to the BEC. MCCABE shared that the current bylaws do not allow for a student liaison; however, the bylaws can be updated to accommodate, if desired. BEC Members were supportive of a student liaison on the BEC. PRCHAL suggested speaking with Minnesota Center for Advanced Professional Studies (MNCAPS) program as well as the Chamber regarding potential student recommendations. d. Member Ideas/Recommendations None 6. Next Meeting Date. The next regular meeting of the BEC will be on Thursday, February 22, 2018 at 7:30 a.m. 7. Adjourn. MOTION BY PRCHAL and SECOND BY MARTIN to adjourn the meeting. Motion adopted unanimously. The meeting adjourned at 8:14 a.m. Submitted by: Amanda Schwabe 4646 Dakota Street SE Prior Lake, MN 55372 BUSINESS ENGAGEMENT COMMITTEE REPORT MEETING DATE: February 22, 2018 AGENDA #: 4.a. PREPARED BY: Amanda Schwabe, Planner AGENDA ITEM: MARKETING/COMMUNICATION MATERIALS DISCUSSION: Introduction The purpose of this agenda item is to discuss updating the Prior Lake Community Profile and/or the creation of other City of Prior Lake marketing/communication materials. History The BEC has created and updated a City of Prior Lake Community Profile brochure multiple times; most recently as an electronic brochure in August 2016. Current Circumstance On Monday, February 12th, a joint BEC/EDA meeting was held during which the members reviewed the Community Profile document. Discussion was had regarding the purpose of the Community Profile piece as well as what types of marketing materials would be best depending on who/what the City is looking to attract. The EDA directed Staff and BEC to review the Community Profile and offer suggestions regarding updating that piece and work to develop ideas for new, electronic marketing/communication materi- als that would be aimed at existing business owners (highlighting past accomplishments, looking forward), prospective investors (noting commercial successes, available properties) and visitors. Conclusion Marketing materials are utilized by communities to attract residents, businesses and visitors alike. Thought should be given to the type (electronic, hard copy or both), style (tri-fold brochure, data sheets, etc.) and content the City of Prior Lake is looking to promote. BEC members may also wish to discuss other groups that may wish to participate in the development of these materials, such as the Prior Lake Chamber of Commerce, Scott County CDA - First Stop Shop or the MNCAPS stu- dents at Prior Lake High School. FINANCIAL IMPACT: Potential costs related to designing, printing, and updating of marketing/communication materials. ALTERNATIVES: RECOMMENDED ALTERNATIVE: ATTACHMENT: Discussion Only. Discussion Only. 1. Redlined Community Profile A Wonderful Place to Live,Work and Play for a Lifetime. Prior Lake Community Profile Prior Lake, located in Scott County at the southwest edge of the Twin Cities Metropolitan Area, is known for its beautiful lakes, numerous outdoor amenities, recreation opportunities, entertainment venues, outstanding schools and high-quality neighborhoods. l Leadership: school board, superintendent and administration. l Providing a high-quality education. l Meeting the learning needs of students. l Teaching and support staff. l Communicating important issues and decisions. Source: Decision Resources, 2010 survey analysis Prior Lake’s labor force is extremely well educated with more than 40% of its residents earning a bachelor’s degree or higher. High School Graduate or Higher (age 25+) Prior Lake 96.1% 96.8% Scott County 94.6% 94.9% Minnesota 92.3% 92.6% Bachelor’s Degree or Higher (age 25+) Prior Lake 43.3% 45.5% Minnesota Scott County 38.3% 38.8% 33.2 % 34.2% Source: U.S. Census Bureau, AmericanFactFinder WORKFORCE Entities (estimate) Employees (estimate) Professional/Business Services 109 117 403 413 Trade, Transportation and Utilities 85 86 545 547 Construction 80 81 480 542 Financial Activities 64 69 219 222 Education and Health Services 54 55 1,201 1,057 Other Services 57 63 566 674 Leisure and Hospitality 29 28 3,423 3,470 Public Administration 4 3 917 996 Total / All Industries 482 502 7,754 7,921 A flourishing community that has grown from a population of 15,917 in 2000 to 25,049 25,520 in 2015 2016, an increase of 59% 60%. The population of Prior Lake is expected to reach nearly 38,000 by 2040. Positioned for continued commercial development with more than 70 TBD acres of pad-ready commercial, business park and industrial land. Growing, with more than 2,500 additional acres of commercial and residential land within an orderly annexation area that will become available for development in the near future. Home to hundreds of successful businesses, including Mystic Lake Casino Hotel which is Scott County’s largest employer. Source: MN DEED Quarterly Census of Employment and Wages (QCEW), Quarter 4 3, 2015 2017 4646 Dakota St. SE, Prior Lake, MN 55372 • (952) 447-9800 • www.cityofpriorlake.com Prior Lake-Savage Area School District 719 serves Prior Lake, Savage and surrounding townships. Within the district there are six elementary schools, two middle schools and a high school. In addition, Prior Lake is home to several private schools. Prior Lake-Savage Area Schools is TOP 10 in the Twin Cities in... l Prior Lake is... Industries l l l LOCATION & TRANSPORTATION It is conveniently located with easy access to major transportation corridors. Its transportation system includes major roadways such as State Hwy. 13, County Hwy. 42, County Hwy. 21 and numerous others that provide convenient access to the Twin Cities Metropolitan Area and Greater Minnesota. County Hwy. 21 is a four-lane roadway which connects I-35 (7 miles) and US Hwy. 169 (1.5 miles) through the center of the city. Minnesota Valley Transit Authority (MVTA) provides transit services to and from other municipalities within the Twin Cities Metropolitan Area which bring customers and employees to support community businesses and expands the employment options for southwest metro residents. MSP International Airport is approximately 25 minutes away and easily accessible via I-494 from I-35 or US Hwy. 169. PRIOR LAKE 21 MSP Minneapolis St. Paul 4646 Dakota St. SE, Prior Lake, MN 55372 • (952) 447-9800 • www.cityofpriorlake.com l l l l l Prior Lake is an ideal community for new and expanding business because... PARKS, RECREATION & ENTERTAINMENT 4646 Dakota St. SE, Prior Lake, MN 55372 • (952) 447-9800 • www.cityofpriorlake.com Prior Lake is a premiere recreational community, featuring... More than 100 miles of trails and sidewalks and 55 city parks encompassing approximately 1,050 1,360 acres. Cleary Lake Regional Park (1,186 acres) and Spring Lake Regional Park (373 acres) border the city and provide additional recreational opportunities. Two large athletic complexes, band shelter, pavilion, fishing piers, boat slips, swimming beaches, winter skating rinks and sledding hills. Prior Lake is home to 15 lakes, including Upper and Lower Prior Lake which total 1,340 acres and 590-acre Spring Lake. Prior Lake is considered one of the most popular lakes in the seven-county metropolitan area for boating, skiing and fishing. Abundant golfing opportunities with the Wild’s Golf Club, Legends Golf Club, Heritage Links Golf Club, Cleary Lake Golf Course, Stonebrook Golf Club and the Meadows at Mystic Lake Golf Course. RiverSouth: Land of Big Fun is a promotional partnership of Canterbury Park, Mystic Lake Hotel Casino, the Renaissance Festival, Valleyfair, the Cities of Shakopee and Prior Lake and the Shakopee Mdewakanton Sioux Community (www.riversouthmn.com). l l l l l DEMOGRAPHIC DATA FINANCING & INCENTIVES The Prior Lake City Council and Economic Development Authority (EDA) participate in and have access to the following programs which provide economic assistance to business and industry locating or expanding in the city: • Tax Increment Financing • Conduit Bonds • Sewer & Water Fee Deferral Program • EDA Revolving Loan Fund • Scott County CDA Open to Business • Tax Abatement • MN Department of Employment & Economic Development (DEED) Loans and Grants 2016 Population Prior Lake 25,049 Scott County 140,898 Population Trends 1990 2000 2010 2020 2030 2040 Prior Lake 11,482 15,917 22,796 27,500 32,500 37,600 Scott County 57,846 89,498 129,928 153,750 176,260 199,520 Sources: U.S. Census Bureau, American FactFinder, Minnesota State Demographic Center and the Metropolitan Council 2040 Regional Plan. 4646 Dakota St. SE, Prior Lake, MN 55372 • (952) 447-9800 • www.cityofpriorlake.com 25,520 2016 2016 142,436 $101,128 $286,100$90,198 $63,217 $191,500 $258,400 • A location in the heart of one of the fastest growing counties in Minnesota. • A great transportation network in close proximity to I-35 and U.S. 169. • Access to the Scott County fiber optic network which spans 300 miles. • Land development options, new and established industrial parks and quality infrastructure. • The lowest city tax rate of the seven communities in Scott County. • Superior quality of life, offering residents and visitors a wide variety of parks, trails, lakes and wetlands; as well as a charming downtown and abundant entertainment options. • A housing stock with great diversity for families and individuals of all ages and incomes. • A community committed to growing its business relationships. • A business-friendly Economic Development Authority (EDA), Business Engagement Committee (BEC) and Chamber of Commerce to promote and grow business. Prior Lake Offers: Casey McCabe Community Development Director City of Prior Lake 4646 Dakota St. SE Prior Lake, MN 55372 cmccabe@cityofpriorlake.com (952) 447-9815 Stacy Crakes, P.E. Business Development Manager Scott County CDA - First Stop Shop 200 4th Avenue W Shakopee, MN 55379 scrakes@scottfss.org (952)496-8613 Sandi Fleck President Prior Lake Chamber of Commerce 4785 Dakota St. Prior Lake, MN 55372 sandi@priorlakechamber.com (952) 440-1000 4646 Dakota Street SE Prior Lake, MN 55372 BUSINESS ENGAGEMENT COMMITTEE REPORT MEETING DATE: February 22, 2018 AGENDA #: 4.b. PREPARED BY: Amanda Schwabe, Planner AGENDA ITEM: CONSTRUCTION IMPACT PLANNING DISCUSSION: Introduction The purpose of this agenda item is to discuss opportunities where the City of Prior Lake may be able to assist with customer attraction efforts as well as lessen the 2018 and 2019 construction impacts on businesses in the community. History The EDA has been discussing the potential impacts construction activities will have on businesses in the South Lake Village, downtown and Commerce Avenue commercial areas during the TH13/Du- luth, TH13/CR21 intersection and CH42/TH13 intersection improvement projects and what commu- nication or other types of assistance may be useful to those businesses in 2018 and 2019. Current Circumstance During the Monday, February 12 joint BEC/EDA meeting, members discussed potential opportuni- ties to support businesses prior to and during road construction activities including, but not limited to: signage, fee waivers, increased communication, loan programs, etc. The EDA has directed Staff and BEC to develop a list of assistance opportunities for consideration by the EDA. Conclusion Prior to pursuing any opportunity, additional discussion will be necessary by the EDA and/or City Council. Consideration should be given to which opportunities will provide the largest impact for business owners. ISSUES: There will be financial impacts associated with most assistance opportunities. Additional discussion will be necessary by the EDA and/or City Council regarding funding and which opportunities will provide the largest impact for business owners before, during and after construction activities. ALTERNATIVES: RECOMMENDED ALTERNATIVE: ATTACHMENTS: Discussion only during the February meeting. It is anticipated the BEC will provide a recommenda- tion to the EDA following their March meeting. None 1. Moving Forward 13/21 Community Page Roundabout Rodeo St. James, MN BUSINESS SURVIVAL GU I D E Brought to you b y t h e St. James Conv e n t i o n & V i s i t o r ’ s B u r e a u ( C V B ) February 2017 ...By Engineer/Contractor ...By Communities! Construction Communications! Business Wayfinding Signage Community Events Guiding Documents The events below are Community oganized events from other Minnesota cities that brought visitors downtown during construction. The Main Event Redwing, Minnesota On the Road Again South St. Paul, Minnesota Branded communication tools can rally the community during construction and clearly communicate what is part of the project. Two examples from Buffalo and Hopkins are shown here. Preparing for construction is key. St. James developed a "Business Survival Guide” with their Chamber of Commerce to prepare downtown businesses and unify the downtown as one big destination rather than individual business owners. What can the community do? CH 21 Downtown Prior Lake Reconstruction Project 4646 Dakota Street SE Prior Lake, MN 55372 BUSINESS ENGAGEMENT COMMITTEE REPORT MEETING DATE: February 22, 2018 AGENDA #: 5.a. PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: EDA MEETING UPDATE DISCUSSION: Introduction The EDA held a regular meeting on February 12, 2018; discussion topics included:  Development Update (12/31/2017 & 01/31/2018)  EDA Revenue & Expenditure Report (12/31/17)  Election of Officers  BEC Discussion – Community Profile Update  City of Prior Lake Property Ownership  Construction Projects Business Impact Game Plan  Technology Village Phase II.5 Business Plan  Deerfield Business Park Signage Conclusion Updates of EDA activity related to the above listed topics will be presented to the BEC during their February 22nd meeting. ISSUES: Update Only. FINANCIAL IMPACT: None. ALTERNATIVES: Update Only. 4646 Dakota Street SE Prior Lake, MN 55372 BUSINESS ENGAGEMENT COMMITTEE REPORT MEETING DATE: February 22, 2018 AGENDA #: 5.b. PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: RESIDENTIAL AND COMMERCIAL ACTIVITY UPDATE DISCUSSION: Introduction Staff has prepared a year-end development update as of January 31, 2018, for BEC review. The attached memorandum provides a summary of commercial and industrial development and residen- tial construction in the City of Prior Lake. ALTERNATIVES: RECOMMENDED ALTERNATIVE: ATTACHMENT: Information Only. Information Only. 1. Development Update Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com Memo Date: February 12, 2018 To: City of Prior Lake Business Engagement Committee From: Casey McCabe, Community Development Director Subject: Residential & Commercial Activity Update Below is an update of residential and commercial development in the City of Prior Lake as of Jan. 31, 2018. Number of Permits Declared Value Number of Permits Declared Value Single Family Dwellings 6 $4,016,000.00 2 $338,000.00 Townhouses (# units)0 $0.00 0 $0.00 Multiple Units 0 $0.00 0 $0.00 New Commercial Industrial & Commercial 0 $0.00 0 $0.00 Residential 25 $482,500.00 30 $471,000.00 Industrial & Commercial 2 $742,000.00 1 $25,000.00 Mechanical 64 $0.00 50 $0.00 Mechanical (SF & TH)24 $0.00 8 $0.00 TOTALS 121 $5,240,500.00 91 $834,000.00 They are flat-rate permit fees. t Mechanical permits include but are not limited to furnaces, water heaters, softeners, and fireplaces. They are flat-rate permit fees. tt Mechanical (SF & TH) permits include required plumbing, heating, sewer and water and fireplace permits for new single family residences. 2018 Year to Date 2017 Year to Date New Residential Additions and Alterations