INFORMATION EDSR 04-10-2006 - Laserfiche WebLink

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DEED Regional Analysis & Outreach Unit Cameron Macht, Central & Southwest MN 320-231-5174 ext. 7535 ~ameron.macht@state.mn.us Along Four-lane Highways • Between 2000-2004, Central Minnesota added over 64,000 people • 11.2% growth rate over the last five years • Minnesota added over 225,000 people; a 4.6°k growth rate • The 231 cities and townships not on four-lane highways added 11,000 people; a 5.0% growth rate r, • The 149 cities and townships within 5 miles of a metro-bound four-lane highway added 53,453 people; a 15.0% increase • Central Minnesota added over 10,000 net new jobs from 2000 to 2004 • More than 1,500 net new firms started • Sherburne Co. added 2,685 jobs and 307 firms; a 14.1%job increase • Elk River added 1,423 jobs (16%) and 69 net new firms (10.3%) • 53% of total job expansion in Sherburne Co. happened in Elk River Regional Analysis & Outreach Unil Analysis & Evaluation Office Big Boxes & Bigger Paychecks • Influx of "big-box" fuels the perception that growth is in lower- paying services at the expense of higher paying mfg. jobs... • Slightly more than 80 percent of the jobs that have been added in Central Minnesota have higher-than-average wages • Average weekly wages increased 16.6% in Central MN and 15.6°h in Elk River; only 15.1% in the state as a whole • Sherburne Co. added 110 manufacturing jobs from 2003-2004 • But is still down -102 mfg. jobs from 2000 to 2004 • Elk River lost -186 mfg, jobs from 2000 to 2004 • Sherburne lost -243 retail trade jobs from 2003.2004 • But is still up 297 retail trade jobs from 2000 to 2004 • Elk River is up 382 retail trade jobs from 2000 to 2004 • Education Services is up 666 jobs from 2000.2004 • Construction is up 527 jobs from 2000.2004 (+233 jobs in Elk River) • Accommodation & food Services is up 158 jobs (up +213 jobs in Elk River) Regional Analysis & Outreach Unit Analysis & Evaluation Office 2