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RHRA Meeting Minutes – Monday, May 25, 2016 Page 4 1 At the request of Member McGehee, Ms. King clarified that “industrial” refers, 2 in her examples, to labor market and wage rates, but that some industrial type 3 uses occur in areas of Roseville zoned for uses that also include retail, which 4 has a lower wage rate. Ms. King reviewed the various wage levels based on 5 types of businesses locally and exporting product outside the region, and where 6 warehousing and distribution fit into that picture historically, current trending 7 and other marketing parameters. 8 9 Discussion of other local markets as economic development options reviewed 10 by Ms. Kin included medical office, metropolitan hotels, and metropolitan 11 offices. Ms. King noted the challenges for most suburbs, including Roseville 12 often involved marking; but addressed advantages of more tax base per acre 13 for office environment uses versus retail uses. 14 Roseville Market Trends 15 16 Ms. King reviewed current trends specific to Roseville, including updating and 17 some repurposing of office warehouse/office showroom uses; hotel 18 construction along I-35W; some bulk warehouse uses due to Roseville’s 19 excellent transportation access; continued retail strength and investment; 20 strong and competitive transit assets plus the addition of the A-Line Bus Rapid 21 Transit (BRT); and extension of the Twin Lakes Parkway with that 22 construction likely to stimulate activity. 23 24 Ms. King reviewed local, regional and state-wide partners currently involved 25 in Roseville’s economy and economic development or available to become 26 involved. Overall, Ms. King noted that businesses and people prosper in 27 Roseville. As identified in a Roseville study commissioned several years ago 28 with the University of Minnesota, Ms. King noted that workforce was 29 addressed as a priority issue. 30 31 President Roe noted the great and thought provoking information provided in 32 this presentation; and thanked Ms. King for her research. 33 34 Ms. King noted deeper digging would provide more understanding with 35 managers in Roseville as future strategies were developed, and as the REDA 36 directed depending on their interest. 37 Economic Development Strategies and Options 38 39 Ms. King reviewed those options and strategies identified and for each 40 compared the current status, possible next steps, and possible enhancements to 41 achieve a higher level.Those options included: 42 Business friendly practices and reputation 43 Member Laliberte noted her understanding of the positives of speed and 44 certainty for developers of expedited approvals, but questioned how that 45 impacted the public transparency process. 46