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• From the SWOT discussion, EDC members derived at a strategy to encourage housing development that is appealing to the type of worker(skilled) the community wants to attract. By establishing a critical mass of high skilled workers, the city can utilize its workforce to draw new businesses to Milaca. II. COMPETITION ANALYSIS An effective plan needs to evaluate the city against other communities vying for the same resources: residents and businesses. The evaluation gages the potential for success in marketing and provides a comparison of attributes and characteristics used by residents and business when considering a move. Six cities were researched using a community interview worksheet. City staff was called and asked specific questions related to their land and housing inventories. The information gathered is used to determine if the demand for certain market segments is being met. A summary of the community interview is detailed below. Cambridge Industrial Land Inventory ■ Two (2) lots remain in the SE Industrial Park totaling 6.2 acres ■ Location is at the southwest intersection of Highways 65 and 95 ■ Sale Price is $1.75 per square foot ■ Incentives Used—received $1.6 million grant for a new 110 acre industrial park located at Highway 65 and 95 and County Road 34. The park is scheduled to open in spring 2004. Housing Inventory ■ In 2003 had 119 new single family homes, 145 new homes in 2002 and 67 new homes in 2001. ■ There are 1190 developable lots available. ■ Three new subdivisions are planned totaling 80 lots. ■ Multi-family units built include 32 Apartments and 24 townhomes in 2003. Elk River Industrial Land Inventory ■ EDA owns 90 acres at Highways 169 and 10 that is not yet available ■ 255 acres available by private ownership. ■ Sale Price is $3.00 per square foot ■ Incentives not used for industrial growth only redevelopment. Barsness Consulting Services Page 6 12/8/2005