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1110 <br /> JOB Zone <br /> •Many greater MN communities <br /> •NOT Designated—7 county metro or <br /> Sherbume, Wright <br /> •Powerful incentive, but questionable <br /> from a policy perspective <br /> JOB Zone <br /> Up to 12 years........ <br /> •No property tax <br /> •No corporate income tax <br /> •No tax to owners/investors related to <br /> that business/property <br /> •No sales tax on items used at <br /> designated facility <br /> •Employee tax credit for high wage jobs <br /> Summary — Site Location <br /> Strengths Weaknesses <br /> • Proximity to metro with • Transportation <br /> good labor skills,cost& bottlenecks <br /> turnover rates <br /> • Population growth • Hwy 10 vs.1-94 <br /> • Good industrial parks • Current market <br /> • Good rail,utilities conditions <br /> • Good telcom,including rural • No JOBZone <br /> • Reasonable tax rates <br /> • Typical financing& <br /> incentives <br /> • No JOBZone <br /> t <br /> Econmic Development Services -November 2004 17 <br />