6.5 EDSR 01-19-2016 - Laserfiche WebLink

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Come and grow with us! The city utilized Property Tax Abatement Sportech to help Population construct a 105,000 sq. ft. manufacturing facility. Sportech City of Elk River: 23,346 also received a Job Creation Fund award from the Minnesota Department of Employment and Economic Demographics Development in the amount of $175,000. Sportech, Inc. will Median Age: 35.7 hire 72 new full-time jobs over the course of five years and retaining over 204 jobs. Homeownership: 80% Median Household Income: $74,772 Median Home Value: $206,300 In July, the city provided Morrell Trucking a Property Tax Top Industries and Employment Abatement to construct a 13,824 square foot facility complete with a wash facility, light duty maintenance and Healthcare - 4,489 office space. They also received a $200,000 Jobs Incentive Retail Trade - 3,225 Microloan. With the new facility, they were able to retain 105 Manufacturing - 3,157 employees and create 13 new full-time positions. Educational Services - 2,323 Accommodation/Food - 1,878 Construction - 1,771 Public Administration - 1,566 Transportation & Warehouse - The city also assisted GATR Truck Center in the 999 development of a 42,912 square foot facility. GATR has Administrative Support - 972 committed to creating eight full-time jobs in connection with the development. Unemployment rate County - 4.2% Minnesota - 3.9% U.S. - 5.5% J&J Machine continues to grow in their existing facility. They began a 26,000 square foot expansion to their existing facility earlier this year. Distinctive Iron expanded their operations and relocated to a 13,000 square foot facility. They have committed to creating seven new full-time jobs over the next two years.