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EDC – Arden Hills
<br />April 27, 2017
<br />Page 7
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<br />P:\Admin\Committees & Commissions\Committees & Commissions\Economic Development Commission (EDC)\2017\05 03 17\Higher Ed Study\WSB Memo 04272017.docx
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<br />Economic Activity from Commercial and Industrial Uses
<br />
<br />
<br />The above table illustrates the employment and economic activity for NAISC industry sectors.
<br />Due to their space irregularities and the context of Arden Hills the following industries have
<br />been excluded from this analysis: Agriculture, Forestry, Fishing and Hunting; Mining,
<br />Quarrying, and Oil and Gas Extractions; Utilities; Construction; Management of Companies;
<br />and Public Administration. The Minnesota Department of Employment and Economic
<br />Development provided the average hourly wages for each of the fourteen (14) industries within
<br />the seven county metropolitan area. Wages were then multiplied by 2,080 hours to calculate the
<br />median gross salary for a full-time employee. As the table show, the Information industry has the
<br />highest median gross salary of $131,248 and the Accommodation and Food Services industries
<br />have the lowest of $19,760.
<br />
<br />The square foot per employee figures were derived from a similar study conducted in Reno, NV
<br />by Economic and Planning Systems Inc. who used national industry averages and norms. These
<br />numbers were compared with the UMore AUAR traffic study, a Kansas DOT Corridor Master
<br />Plan, the Institute of Transportation Engineers Trip Generation Manual and architectural
<br />guidelines. These studies show that office based employment fields have the least space per
<br />employee (250 square feet) while Transportation and Warehousing and Wholesale Trade have
<br />the most space per employee (1,500 square feet).
<br />
<br />The salary per 1,000 square feet for each NAISC classification were calculated by dividing 1,000
<br />by the square foot per employee and then multiplying that number by the median gross salary. A
<br />building with an Information industry has the highest median payroll of $524, 992 per 1,000
<br />square feet while a building with Accommodation and Food Services industries has the lowest
<br />median payroll of $32,999 per 1,000 square feet. Reviewing these figures, the industries can be
<br />Category NAISC #NAISC Classification Median
<br />Wage
<br />Median
<br />Gross Salary
<br />(full-time)
<br />Sq. Ft. Per
<br />Employee
<br />Employees
<br />Per 1,000
<br />Sq. Ft.
<br />Salary Per
<br />1,000 Sq.
<br />Ft.
<br />Disposable
<br />Income Per
<br />1,000 Sq. Ft.
<br />51 Information 63.10$ 131,248$ 250 4.00 524,992$ 51,449$
<br />54
<br />Professional, Scientific, and
<br />Technical Services 36.63$ 76,190$ 250 4.00 304,762$ 29,867$
<br />52 Finance and Insurance 36.50$ 75,920$ 250 4.00 303,680$ 29,761$
<br />53 Real Estate and Rental and Leasing 28.87$ 60,050$ 250 4.00 240,198$ 23,539$
<br />56 Administrative and Support**18.62$ 38,730$ 250 4.00 154,918$ 15,182$
<br />44-45 Retail Trade 29.35$ 61,048$ 400 2.50 152,620$ 14,957$
<br />31-33 Manufacturing 55.26$ 114,941$ 1000 1.00 114,941$ 11,264$
<br />62 Health Care and Social Assistance 20.54$ 42,723$ 400 2.50 106,808$ 10,467$
<br />71
<br />Arts, Entertainment, and
<br />Recreation 24.69$ 51,355$ 600 1.67 85,763$ 8,405$
<br />81
<br />Other Services (except Public
<br />Administration)19.05$ 39,624$ 600 1.67 66,172$ 6,485$
<br />48-49 Transportation and Warehousing 44.17$ 91,874$ 1500 0.67 61,555$ 6,032$
<br />61 Educational Services 23.49$ 48,859$ 1000 1.00 48,859$ 4,788$
<br />42 Wholesale Trade 32.12$ 66,810$ 1500 0.67 44,762$ 4,387$
<br />72 Accommodation and Food Services 9.50$ 19,760$ 600 1.67 32,999$ 3,234$
<br />Employment and Economic Activity - EDR11*
<br />1
<br />2
<br />3
<br />*Economic Development Region 11 - 7 County Metro **Includes waste management and Remediation Services
<br />Sources: MNDEED 2015 & 2016, Institute of Transportation Engineers 2008, Economic & Planning Systems, Inc. August 2016
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