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DAHLEN & DWYER, INC. The Region '5 share of jobs noticeably exceeded the Nation' 5 in finance, insurance, and real estate. Three industries - services, manufacturing, and wholesale and retail trade account for two-thirds of the Region's jobs. Continuing the trend of the past decade in Minnesota and Nationally, the service sector has experienced the greatest job growth. The Metropolitan Council reported that service sector jobs constituted 40% of new jobs gained in the region. Minneapolis-St. Paul is among the fastest-growing Metro Areas in the Northern U.S., both in terms of population and employment. However I the change in age composition is slowing the employment growth rate. Retir~ng "baby boomers" will have the greatest impact on employment after the year 2010. The Twin Cities outpaced the Nation once again in per capita income, running 15% above the national average. According to a 1997 Sales & Marketing Management Report, Minneapolis-St. Paul continues to rank high in several population income categories from a national survey of 315 metropolitan areas. Per Sales & Marketing Management, the Metro Area's buying power index continues to ran k 12th and represents a weighted index that converts population, effective buying income, and retail sales into a measurement of a "market's ability to buy". The Minneapolis- St. Paul Metropolitan Area is an attractive living environment and stable urban community. Overall, the economic forecast for the Twin Cities is favorable and steady growth is expected. POPULATION The Minneapolis-St.Paul Metropolitan Statistical Area (MSA) is the 15th largest in the United States. The center of the Metropolitan Area, as measured by the Metropolitan Council, consists of seven counties that contain 93% of the federal MSA population of 2.68 million. The population grew by 15.5% between 1980 and 1990. Between 1990 and 1995 the growth rate was 7.00/0, compared to _4.1 % for the State of Minnesota. The annual growth rate for the Metropolitan Area is 1 .4%, making it the eighth fastest growing area in the nation. Population in the Metropolitan Area, 1980 and 1990 County 1980 1990* Chan~ Percent Chang! Anoka 195,998 243,641 47,643 24% Carver 37,046 47,915 1 0,869 29% Dakota 194,279 275,227 80,948 42% Hennepin 941 ,411 1,032,431 91,020 10% Ram sey 459,784 485,765 25,901 6% Scott 43,784 57,846 14,062 32% Washington 413,571 145,896 32,325 28% Total 1,985,873 2,288,721 302,848 15% 14 - - --------,