11-15-2016 EDC Meeting - Laserfiche WebLink

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Economic Development Commission Minutes November 15, 2016 Page2of4 Jenna Crawford noted the Blue Ox Business Academy is moving along and the Deer Hunting Opener events went amazingly well. 8. BLAEDC Update No update. 9. City of Jenkins Update Commissioner Lubke noted that Jenkins is working on ingress and egress issues with MnDOT and frontage and backage roads are being constructed as part of the Highway 371 Expansion Project. (Commissioner Sjoblad arrived at the meeting.) 4. Local Economic Area Report Justin Burslie, City Planner, was introduced to the Commission. a-c. Renters that Work in our Community, Actual Jobs,and Housing Data Statistics Sheila Haverkamp informed the Commission on employment,wages, and housing statistics for the Pequot Lakes area. She noted that Pequot Lakes has 120 companies in the City limits and these companies employ 1,415 people which is an increase of 15% from 2010-15. The annual average wage is approximately$40,000. Chair Jurchen stated that this is an important message to send out to the community who may only see empty store fronts. Ms. Haverkamp further explained the commuting patterns with 1,059 people employed in Pequot Lakes and of those 920 live outside the area while 139 live in the area. The statistics also illustrated that 822 people live in Pequot Lakes and of those 683 are employed outside the area while 139 are employed in the area. Ms. Haverkamp reviewed the housing profile with the Commission. Total housing units equate to 1,392 and of these 592 are owner occupied, 363 are renter occupied, and 437 are vacant due to seasonal homes. She further noted that the majority of the value in owner occupied housing units ranges from$100,000- $199,999. Bob Perkins questioned if these statistics could be trended to take into consideration the seasonal flux that occurs in this area. Ms. Haverkamp stated that she will check into this. d. Planning for Strategic Residential/Commercial Development& Blighted Properties