ACEC – MN/DOT March 2, 2010 Kevin McKinnon The Economic Development Perspective
Who and What: Overview of DEED -Business and Community Development -Workforce Development -Unemployment Insurance Office of Business Development –Marketing –Site Selection Assistance –Information and Data –Workforce and Other Partners –Programs and Services
Current Situation Cautious About Long Term Commitments - Risk -Cost reduction strategies -Consolidation -JV/M & A Labor, Incentives 2009 Results -89 announced projects -140 qualified inquiries -Industries -Regional Interest
Top Site Selection Criteria Transportation Infrastructure Existing Workforce Skills State and Local Tax Scheme Utility Infrastructure Land/Building Pricing and Supply Ease of Permitting/Regulatory Flexibility of Incentives Site Selection - Survey of Corporate Real Estate Executives Oct 2009
Programs Tax Exemptions Business Financing Training Funds Public Infrastructure -Business Development Public Infrastructure -Redevelopment/Clean Up -Small Cities Development Program Transit Oriented Development Areas Public Facilities Authority Transportation Revolving Loan Fund
Shovel Ready Sites Launched in 2009 Trend in Site Selection -Certified sites -Mitigate risk -Speed to market -Three sites approved -Rosemount -Dayton -Brainerd Prepared Communities, Prepared Sites
Green Enterprise Assistance Formally Created in 2009 Legislative Session Coordination of State Agencies and Resources -DNR -MPCA -MNDOT -DOC -DOA Types of Projects Process – Concierge Business Development Opportunities
Questions? Kevin McKinnon Director of Business Development