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					The Economic Development
       Perspective

       ACEC – MN/DOT
        March 2, 2010
       Kevin McKinnon
Who and What:

• Overview of DEED
   - Business and Community Development
   - Workforce Development
   - Unemployment Insurance
• Office of Business Development
   –   Marketing
   –   Site Selection Assistance
   –   Information and Data
   –   Workforce and Other Partners
   –   Programs and Services
Current Situation

• Cautious About Long Term Commitments - Risk
   - Cost reduction strategies
   - Consolidation
   - JV/M & A
• Labor, Incentives
• 2009 Results
   -   89 announced projects
   -   140 qualified inquiries
   -   Industries
   -   Regional Interest
Top Site Selection Criteria

•   Transportation Infrastructure
•   Existing Workforce Skills
•   State and Local Tax Scheme
•   Utility Infrastructure
•   Land/Building Pricing and Supply
•   Ease of Permitting/Regulatory
•   Flexibility of Incentives

Site Selection - Survey of Corporate Real Estate Executives Oct 2009
Programs

•   Tax Exemptions
•   Business Financing
•   Training Funds
•   Public Infrastructure
    - Business Development Public Infrastructure
    - Redevelopment/Clean Up
    - Small Cities Development Program
• Transit Oriented Development Areas
• Public Facilities Authority
• Transportation Revolving Loan Fund
Shovel Ready Sites

• Launched in 2009
• Trend in Site Selection
   -   Certified sites
   -   Mitigate risk
   -   Speed to market
   -   Three sites approved
        - Rosemount
        - Dayton
        - Brainerd


            Prepared Communities, Prepared Sites
Green Enterprise Assistance

• Formally Created in 2009 Legislative Session
• Coordination of State Agencies and Resources
   -   DNR
   -   MPCA
   -   MNDOT
   -   DOC
   -   DOA
• Types of Projects
• Process – Concierge
• Business Development Opportunities
          Questions?



www.PositivelyMinnesota.com

            Kevin McKinnon
   Director of Business Development
             651-259-7432
     kevin.mckinnon@state.mn.us

				
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