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Grown four times faster than MN as a whole, so population growth is still high for the <br />region. Approx. 20,000 new people since 2010. Trying to determine how this fits into our <br />jobs. Bottom line this is a growth in workforce <br />- Trends point to continued slow growth, across the state and across this region. <br />This slowed growth is an issue for the business development, workforce is harder to attract. <br />- Positive population growth is a strength, but will not continue <br />- Currently 49.000 people are 25-64 years which is 54%. MN is at 53.4% <br />- Sherburne is younger than MN (36.6% are under 25 compared to 33.2% for MN) <br />- Racial Change — 94% of population is White. Sherburne County is must less diverse than the <br />state, but is quickly changing. <br />Fastest growing groups are Black/African American and Hispanic/Latino origin Growth has <br />been insignificant though <br />- Employment status—very high employment participation rate 73.5% (mn is 10%) <br />Low poverty rate 7.5% (10.2% for MN) <br />- Employment decreased from 2014-2015 by 279 jobs — expected this to be tied to a specific <br />business reporting <br />- Minimum cost for typical MN family is $18.81/hr in Sherburne County (2 adults and 1 child) <br />- Projected growth — expected to continue growing but at a different pace. Half of the rate it <br />has grown over the last 15% <br />4. SWOT Analysis <br />Informal brainstorm - STRENGTHS <br />- Educated workforce <br />- High participation rate <br />- Higher job wages <br />- Younger workforce <br />- Transportation infrastructure <br />- Educational (higher ed) facilities <br />- Access to strong local medical facility <br />- Heavy retail (possible weakness) <br />- Business services available <br />- Strong development/relationships/partnerships with govt and business etc <br />- Strong school system <br />- Great recreational opportunities <br />- Good water quality <br />- Options for disabled employment opportunities <br />- Youth apprenticeship program (school program) <br />- Location — between St Cloud and Metro <br />- Employer based training <br />- Access to low interest rates when borrowing money <br />Informal brainstorm —WEAKNESSES <br />- Broadband <br />- Housing <br />