ACEC – MN/DOT

March 2, 2010

Kevin McKinnon

The Economic Development Perspective

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 McKinnonDirector of Business Development

651-259-7432kevin.mckinnon@state.mn.us