5. EDSR 09-11-2006 - Laserfiche WebLink

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Appendix F: Competitive Data (cont.) Other Potential Competitors Cambridge appears to be an up-and-coming community when it comes to economic development. The city won several awards last year CAMBRID for economic development marketing, including its brochure, its Minn23ct5s C"ip(.~rG.iniM1r Corvamanity-. dedicated www.opportunitycommunity.com Web site, community profile and overall re-branding campaign. Cambridge is the closest city to the Twin Cities with JOBZ Tax Free Development Sub Zones. Cambridge has 126 acres in four different Sub zones. The largest Sub zone is the Cambridge Opportunity Industrial Park. This 102 acre site is located north of Minnesota Route 95 and east of Minnesota Route 65. The cost of land in the Cambridge Opportunity Industrial Park is $1 per acre plus $.50 per square foot fox the assessment. Land costs $1-2 per square foot in the SE Industrial Paxk. City Web site: www.ci.cambridt~e.mn.us 'N~"'`x'D Norwood Young America is not a direct competitor, but it should be ~;/~ noted that the western Carver County community broke ground in June fox the 60-acre Tacoma West Industrial Paxk. The new park is in rovafy aai~xxn the southeast coiner of the city, near the intersection of US Highway 212 and Tacoma Avenue. It includes nine lots ranging in size from 3 to ""~~"~ 11 acres. The new industrial park is suitable fox a range of uses; however, the city plans to target market to specific businesses and industries, including light manufacturers, construction related industries, bio- agricultuxal businesses, and warehousing/distribution facilities. Businesses can purchase lots for as low as $1 per square foot, subject to meeting city requirements fox lot coverage, building value and job creation. The price comes with a promise of no assessments fox infrastructure or utility improvements, and no parkland dedication fees. The new park is adjacent to two railroad lines: the Twin Cities & Western and Prairie Line Railroads. The city plans to allow outside storage in the park, if it is screened properly; and it offers quick access to US Highway 212, the future US Highway 312 connection, as well as MN State Highway 5. Norwood Young America Economic Development Coordinator Christie Rock says the driving force behind the new Tacoma West Industrial Paxk was the future US Highway 312 connection, the lack of available industrial land in the metro area, and projected population growth. It is anticipated that the new industrial park will have build able lots by latex this fall. City Web site: www.cityofnya.com ES