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EMPLOYMENT ANALYSIS <br /> • The majority of employers interviewed noted stable in increasing employment over the past <br /> three years. When asked about growth in the future, many indicated that they expect to <br /> remain stable or experience slow growth over the next few years. Companies are remaining <br /> cautious although the market continues to improve. <br /> TABLE E-3 <br /> MAJOR EMPLOYERS <br /> CITY OF ELK RIVER <br /> 2012 <br /> Employer Products/Services Employee Count* <br /> ISD#728 Education 1,600 <br /> Sherburne County Government 595 <br /> Wal-Mart Retail Store 394 <br /> Guardian Angels of Elk River,Inc Nrsing/Housing 317 <br /> Great River Energy Electric Utility 236 <br /> Tescom Corporation Pressure Control Devices 187 <br /> City of Elk River Government 159 <br /> Menards Retail Store 150 <br /> Cornerstone Auto Resource Automobile Sales 147 <br /> Coborn's Grocery Store 122 <br /> Sportech,Inc Plastics Thermoforming 112 <br /> Cub Foods Grocery Store 132 <br /> Metal Craft Machine&Engineering Precision Machining 105 <br /> Cretex Companies,Inc. Precast Concrete Products 100 <br /> Crystal Distribution,Inc Custom Curb Adaptors 100 <br /> The Home Depot Retail Store 100 <br /> Morrell Companies Professional Trucking Transport 100 <br /> The Bank of Elk River Financial Institution 99 <br /> E&0 Tool and Plastics,Inc Injection Molding 98 <br /> Fairibault Foods,Inc Pouch Packaging 79 <br /> First National Financial Services Financial Institution 43 <br /> Quality Label,Inc Label Printing 42 <br /> Total 5,017 <br /> * Employment figures are estimated. <br /> Sources: City of Elk River; Maxfield Research&Consulting, LLC <br /> • Typical wages for those working at large local retail businesses range from $9.00 to $14.00 <br /> per hour. These positions are prime candidates for rental housing. These jobs are <br /> employed by residents currently living in the surrounding area of Elk River and commute <br /> from their current place of residence if hired new. <br /> • Based on our interviews, professional service jobs typically start from around $35,000 to <br /> $40,000 annually. Households with an income of$35,000 could afford monthly housing <br /> costs of$875, based on spending on 30%of their gross income on housing. <br /> MAXFIELD RESEARCH&CONSULTING,LLC. 29 <br />