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03-28-16-EDA
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03-28-16-EDA
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7 <br /> <br />Program Participants <br />Dan Erickson (EDC member) <br />Michael Hands (EDC member) <br />Steve Heikkila (EDC member) <br />Jim Huninghake (former EDC member) <br />Kyle Lassen (EDC member) <br />Jim Ostlund (former Financial Planning and Analysis Committee member) <br />David Radziej (EDC member) <br />Roberta Thompson (Planning Commissioner member) <br />Ed von Holtum (EDC Member) <br />Clayton Zimmerman (Planning Commission member) <br />SPACC Staff <br />City Staff <br />Business Selection <br />Participants in the BR&E Program visited 24 businesses. <br />Recognizing that there is not the capacity to visit every business in the community, a strategy was <br />developed to prioritize visits with the intent of gathering data and building relationships with companies <br />that are poised for growth. Using the Minnesota Department of Employment and Economic <br />Development (DEED) Quarterly Census on Employment and Wages we identified the 289 companies in <br />the City of Arden Hills by industry type (NAICS Code). We then compiled quarterly job growth data to <br />identify the industry types that are experiencing the highest growth and flagged businesses within those <br />industries as priority visits. <br />In addition to leveraging localized industry sector growth, we layered the “Key Industries,” as defined by <br />Greater MSP and flagged businesses that are in that sector, regardless of growth, as priority visits. <br />Key Industries as defined by Greater MSP: <br /> <br />Headquarters & Business Services <br />Agriculture & Water Technology <br />Health & Life Sciences <br />Innovation & Technology <br />Financial Services <br /> <br />Lastly, we recognized the importance of “Legacy” businesses that may not be flagged as a candidate for <br />a BR&E visit based on industry growth or sector strength. Working with city staff and the EDC we <br />incorporated some of these businesses into the program to round out our targeted list of companies to <br />visit. <br />
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