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11-17-2015 EDC Meeting
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11-17-2015 EDC Meeting
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BLADC 2020 Program Spring-Fall 2008 <br /> Introduction <br /> Crow Wing County is home to a variety of public and private industrial/business parks. Many of the first parks <br /> were successful which led to expansions. Currently, there are proposals for new parks in the greater Brainerd <br /> Lakes Area and Phase IV of the Brainerd Industrial Park is reaching completion. This data has been collected to <br /> illuminate past investments and be informative for future planning. The following research focuses on basic data <br /> analyzing the economic impact of the three municipal parks in Baxter, Brainerd,and Pequot Lakes. <br /> Public Private Proposed <br /> Baxter Industrial Park Crosslake Eggena Area Brainerd Lakes Regional Airport <br /> Brainerd Industrial Park Jenkins Business Park County Methane Digester Area <br /> Pequot Lakes Business Park Northern Pacific Center(Brainerd) Irrigation Fields(Pequot Lakes) <br /> Ironton Industrial Park Potlatch(Baxter) Weyerhaeuser(Deerwood) <br /> Crosslake Industrial Park Private(Crosby) <br /> BRHSC(Health Related) <br /> Public(Emily) <br /> Economic diversification is one of the main benefits an industrial/business park can bring to a local economy. <br /> The parks in Crow Wing County have done this by aiding in attracting and retaining manufacturing and <br /> industrial businesses. Meanwhile, the parks have also provided a home to many business support enterprises, <br /> particularly wholesale, distribution services, and warehousing. The jobs and wages created by these industries <br /> generally provide the type of income that is the stable foundation of families and communities. Typically, this <br /> type of planned development will increase consumer spending and support economic growth in the whole <br /> region.This in turn reduces the area residents'reliance on government aid and/or services. <br /> Industrial/business parks have many other benefits for neighboring communities. Besides giving support to Crow <br /> Wing County through increased local investment, higher market values, and taxes being paid, the parks provide <br /> valuable logistical support to businesses in nearby communities. Even more striking during this analysis was the <br /> extent to which industrial/business park employees lived throughout the greater Brainerd Lakes Area. Many <br /> businesses reported large portions of their staff commuting from surrounding cities and counties, often as far <br /> away as Pine River, Aitkin, and Staples. The income these local residents bring back to their communities <br /> supports their respective local businesses. <br /> 2 <br />
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