05.03 2018 BLAEDC Agreement - Laserfiche WebLink

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BLADC 2020 Vrogram Spring-Fall 2008 lntroduction Crow Wing County is home to a variety of public and private industria(/business parks. Many of the first parks were successful which led to expansions. Currently, there are proposals for new parks in the greater Brainerd Lakes Area and Phase IV �f the Brainerd Industrial Park is reaching completion. This data has been collected to illuminate past investments and be informative for future planning. The foliowing research focuses�n basic data anal�zing the econornic impact of the three municipal parks in Baxter, Brainerd,and Pequot Lakes. Public Private Proposed Baxter Industrial Park Crosslake Eggena Area Brainerd Lakes Regional Airport Brainerd Industria) Park Jenkins Business Park County Methane Digester Area Pequot Lakes Business Park Northern Pacific Center(Brainerd) Irrigation Fields(Pequot I_,akes)� Ironton Industrial Park Potlatch (Ba�ter) W'eyerhaeuser(Deerw°ood) Crosslake Industeial Park Private(Crosby) BRHSC (I�ealth Related) Public(Emily) Economic diversification is one of the main benefits an industrial/business park can bring to a local economv. The parks in Croti VVing County have done this b} aiding in attracting and retaining manufacturing and industrial businesses. Meanwhile, tl�e parks have also provided a home to many business support enterprises. particularly �vholesale, distribution services, and �varehousing. The jobs and wages created b� these industries generall}� provide the type of income that is the stable foundation of families and communities. Typicall�, this type of planned development �ill increase consumer spending and support economic gro��th in the whole region. This in tum reduces the area residents'reliance on go��ernment aid and/or services. Industrial/business parks have man� other benefits for neighboring communities. Besides giving support to Crow Wing County through increased local imestment, higher market values, and taxes being paid, the parks proride valuable logistical support to businesses in nearby communities. Even more striking during this analysis was the extent to which industrial/business park employees lived throughout the greater Brainerd Lakes Area. Manv businesses reported large portions of their staff commuting from surrounding cities and counties, often as far a��ay as Pine River, Aitkin, and Staples. The income these local residents bring back to their communities supports their respective local businesses. �