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HomeMy WebLinkAboutStillwater Economic Development Strategy Phase II (1986)STILLWATER AREA ECONOMIC DEVELOPMENT STRATEGY PHASE TWO n OCTOBER, 1.986 STILLWATER AREA ECONOMIC DEVELOPMENT STRATEGY Phase Two October, 1986 Sponsored by the Stillwater Area Chamber of Commerce Prepared By JMA, Inc. Economic Consulting Services with Guidance from the Business and Industrial Development Committee of the Stillwater Area Chamber of Commerce Contributors To The Economic Development Strategy The organizations and individuals listed below were contributors to the Stillwater Area Economic Development Strategy. Their financial support for this important project demonstrates their interest in the future of the Stillwater Area. Swager Bros. Olsen Construction Immuno Nuclear Corp. Lux Realty John Miller Kolliners Norris & Red Swager The Salon, LTD. Lake Elmo Business Assn. Pizazz! Washington Federal Cosmopolitan State Bank State Bank of Lake Elmo Cub Foods Press On & TS Enterprises Stillwater Gazette NSP Heritage Ford Stillwater Yacht Club Poly Water St. Croix Hospitality Stillwater Inn Lafayette Appraisals Inc. Judd Orff & Assoc. Blichfeldt Realty Lake Elmo Inn New Stillwater Project Edward Simonet III John Arkell Corp. Lawson Raleigh & Marshall Country Estates SBRI Property Management Stillwater Township City of Stillwater Robert Scott Development First National Bank Norwest Bank First State Bank of Bayport Oak Park Heights State Bank UFE Andersen Corp. Piper Jaffray & Hopwood Brookman Motors Routson Motors Bruce Folz & Assoc. Aamodt's Apple Farm Simonet's Furniture Ray Kirchner Winnfield Inc. Realty World River States Properties STILLWATER AREA CHAMBER OF COMMERCE BUSINESS AND INDUSTRIAL DEVELOPMENT COMMITTEE Bill Buethe, Chairman First National Bank ` Dan Croonquist Piper, Jaffray & Hopwood, Inc. Jim Francis Multi -Print Lori Johnson Cosmopolitan Bank n Steve Keister Keister and Keister I Nile Kriesel Stillwater City Coordinator Bob Lockyear Washington Co. Planning Coordinator Jack Lux Lux Homes and Realty John Miller The Flynn Company Agnes Ring Cedar Corporation Sharon Sachse Only ShaRon } Hank Sampson Washington Federal Savings I James Schaefer State Bank of Lake Elmo Lou Schley Country Estates Dr. Ray Swanson Oakwood Animal Hospital Alan Vandehaar Edward D. Jones David Wettergren School District #834 Steve Zinnel Norwest Bank Debra A. Payson Executive Vice - President, • = Stillwater Area Chamber of Commerce Stephen S. Russell Community Development Director, City of Stillwater i i TABLE OF CONTENTS Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i Stillwater Area Map . . . . . . . . . . . . . . . . . . . . . . . . . . ii TARGET INDUSTRIES ANALYSES . . . . . . . . . . . . . . . . . . . . . . . 1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Growth Industries . . . . . . . . . . . . . . . . . . . . . . . . . 1 Inter- Industry Linkages . . . . . . . . . . . . . . . . . . . . . .12 Local Manufacturer Survey . . . . . . . . . . . . . . . .17 Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18 Market Orientation . . . . . . . . . . . . . . . . . . . . . . . . .19 Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20 IMPLEMENTATION PLAN . . . . . . . . . . . . . . . . . . . . . . . . . . .24 Goals and Objectives . . . . . . . . . . . . . . . . . . . . . . . .24 Organizational Structure . . . . . . . . . . . . . . . . . . . . . .26 Selecting a Structure for the Stillwater Area . . . . . . . . . . .30 Functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .31 Representation . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Staffing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Economic Development Implementation Activities. . . . . . . . . . .35 Budget and Funding . . . . . . . . . . . . . . . . . . . . . . . . .42 Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44 MAP . IOLK ^-^~-`--`-~`--` - PRAME ST. CROIX IS' ROBERTS STILLWATER AREA ii VA 1 71. ^~~^~~^~~^~~^~ ICE PfePared By: TARGET INDUSTRIES ANALYSIS Introduction The purpose of the target industries analysis is to identify the types of industries that could be attracted to or expanded in the Stillwater Area. As the area's economic development program takes shape and gets underway, it will be crucial to manage time and financial resources wisely. A "shotgun" approach to economic development is inappropriate because there are simply too many potential industries to consider. There are more than four - hundred four -digit Standard Industrial Classification industries which could be considered as targets. Within individual four -digit classifications, there may be more than one - thousand firms nationwide. The number of potential contacts can easily become overwhelming unless criteria are established to identify those industries which are more likely to consider the Stillwater Area as a location for new or expanded operations. The techniques that have been used to identify targets for the Stillwater Area include a growth industries analysis, an analysis of inter - industry linkages, an assessment of service industry targets, and an analysis of market- oriented targets. The growth industries analysis is conducted because, if the Stillwater Area is going to experience economic growth, there is a good chance that the local growth will be in industries which are growing nationally and /or regionally. The analysis of inter - industry linkages is important because it identifies targets based on the inputs (i.e., components, raw materials) required by the major industries in the region. The linkage analysis also identifies the products of the major industries in the region, some of which go to final consumers, but most of which are intermediate products which serve as inputs to another industry production process. Service industries are comprised of some of the fastest - growing footloose types of economic activity and offer numerous opportunities. The analysis of market - oriented targets builds on the comparative economic base analysis to identify opportunities to expand existing firms or develop new firms in activities that primarily serve local markets. The growth industries and linkages analyses focus on the manufacturing sectors of the economy. This is because manufacturing industries are generally more purely "basic" than non - manufacturing industries (although this is not always true), and the economic impacts per new job created in manufacturing industries tend to be higher than from new service or trade jobs. Service and trade activities cannot be neglected, however, and the analyses of service and market- oriented targets address opportunities in those activities. Growth Industries Identification The shift -share analysis completed during Phase 1 showed that Washington County's economy has performed well in recent years. The county has a net favorable industrial mix, but not by a wide margin. Nine of the thirteen two -digit SIC manufacturing industries represented in the county are in declining or slowgrowing industries nationally. Fortunately the Stillwater Area is not overly dependent on these slow growth /no growth industries. Nevertheless, because of the county's industrial mix, it is very appropriate for future development efforts to include an attempt to develop and /or attract firms in faster growing segments of the economy. This section identifies a number of industries which are both rapidly growing and can operate in the Minnesota economic climate. Growth industries are identified based on tabulations of industries which have grown the fastest in terms of employment and number of establishments.during the late 1970's and the early 1980's in the United States as a whole and in I Minnesota. Historical data are useful because they reveal growth trends as they actually occurred. Industries that have been in a growth mode recently are more likely to continue in such a mode than industries which have been growing slowly or declining. The important thing is to identify industries which have future growth potential. A number of agencies have prepared projections of future industrial growth. For the United States, the U.S. Bureau of Labor Statis- itics has prepared growth projections for manufacturing industries through the I 1980's and into the 1990's. The Minnesota Department of Jobs and Training has prepared similar projections for industries statewide and within the Twin Cities Metro Area. The results of the tabulation of historical growth trends and the review of available projections are presented in the following series of tables I (Tables 1 -5). U.S. Growth Industries - The manufacturing industries that added the most new jobs between 1976 and 1983 are listed in Table 1. TABLE 1 Source: County Business Patterns for years noted �I Manufacturing Industries Creating - 2 - I the Most New Jobs in U.S. 1976 - 1983 ' Y Percent Jobs SIC Industry Change Growth F I 3573 Electronic computing equipment 98.7 175,796 3662 Radio & TV communication equipment 45.9 150,732 2752 Commercial printing, lithographic 60.0 116,638 I 3679 Electronic components, nec 110.3 110,258 3674 Semiconductors & related devices 50.4 53,884 3721 Aircraft 18.3 38,590 3693 X -ray apparatus and tubes 176.6 27,921 I 3671 Electron tubes, receiving type 635.1 28,161 3728 Aircraft equipment, nec 26.8 27,797 3825 Instruments to measure electricity 42.5 27,238 3761 Guided missiles and space vehicles 26.1 26,179 ' 2016 Poultry dressing plants 31.9 23,491 3599 Non - electrical machinery, nec 11.2 21,546 1 I 3724 Aircraft engines & engine parts 21.0 21,419 2331 Women's apparel 30.4 20,285 3841 Surgical & medical instruments 31.8 15,522 3678 Electronic connectors 66.0 14,805 I 3842 Surgical appliances & supplies 28.0 14,520 3823 Process control instruments 36.6 12,914 2013 Sausages & other prepared meats 21.5 12,334 Source: County Business Patterns for years noted �I - a - 2 - The list in Table I dominated by "high-tech" industries: at least ten of the twenty industries listed are in electronics and/or aerospace fields. The other industries on the list include lithographic printing (which has become a "high-tech" industry in its own right), two medical instruments industries, and some "low-tech" industries (poultry dressing plants, women's apparel, and sausages and other prepared meats). These last three industries are part of larger industry groups (Food and Kindred Products and Apparel and Textile Products) which experienced declines in employment between 1976 and 1983. Table 2 lists the twenty industries which are expected to be fast growing and major sources of new employment nationally through 1995. Several of the industries listed in Table 2 are also on the historical growth list, indicating that they are in the middle of a long-term growth trend. These industries include electronic components, computers and peripheral equipment, scientific and controlling instruments, medical instruments, printing and publishing, aircraft, and apparel. TABLE 2 Manufacturing Industries Expected to be Fast Growing and Major Sources of New Employment in U.S. 1982 - 1995 Job Growth Percent Nationwide industry Growth (in thousands) Electronic Components 51.5% 289 Computers & Peripheral Equipment 62.2 266 Plastic Products 55.7 256 Fabricated Structural Metal Products 34.3 158 Scientific & Controlling Instruments 54.4 123 Misc. Printing & Publishing 18.1 121 Apparel 11.5 116 Medical & Dental Instruments 72.2 114 Construction, Mining & Oilfield Machinery 40.1 103 Misc. Millwork, Plywood & Wood Products 32.2 102 Misc. Fabricated Metal Products 29.9 99 Periodical, Book Printing & Publishing 36.3 90 Newspaper Printing & Publishing 20.2 90 Household Furniture 32.2 87 Drugs 41.2 82 Electrical Industrial Apparatus 39.8 82 Metalworking Machinery 25.4 81 Aircraft 12.7 80 General Industrial Machinery 23.6 68 Misc. Fabricated Textile Products 39.2 67 Source: Employment Projections for 1995, U.S. Bureau of Labor Statistics, 1984. 3 Minnesota Growth Industries - Table 3 presents a list of four -digit SIC manufacturing industries which added at least 500 new jobs in Minnesota between 1976 and 1984. There is a considerable amount of similarity between the historical growth lists of the United States and Minnesota (Tables 1 and 3). In fact, seven of the ten top growth industries in Minnesota are on the U.S. list. Of the remaining thirteen industries which have been important sources of growth in Minnesota, nine have been growth industries in the U.S. as a whole. However, on a relative basis, these nine have been more important to Minnesota than to the U.S. Four of the industries which have been important sources of growth statewide actually declined in employment nationally. These four are: Motors & Generators; Screw Machine Products; Commercial Printing, Letterpress, and; Special Dies, Tools, Jigs & Fixtures. Because these are declining industries nationally, certain questions should be asked regarding their potential for future growth in Minn- esota. These questions might include whether Minnesota is developing 'a market niche or a specialty within these industries? If not, how long can these indus- tries be major sources of growth in light of national trends? TABLE 3 Source: County Business Patterns for years noted 4 -Digit SIC Manufacturing Industries with Most Job Growth 1976 - 1984 SIC Industry Jobs 3573 Electronic computing equipment 14,632 2752 Commercial printing, lithographic 71153 3079 Misc. plastic products 4,381 3679 Electronic components, nec 3,133 3823 Process control instruments 3,184* 3662 Radio & TV communication equipment 2,161* 3825 Instruments to measure electricity 2,089 3621 Motors and generators 1,882* 2711 Newspapers 1,842 3842 Surgical appliances & supplies 1,832 2731 Book publishing 1,523* 3544 Special dies, tools, jigs & fixtures 1,063 3451 Screw machine products 779 3361 Aluminum foundries 709 3444 Sheet metal work 661 3661 Telephone & telegraph apparatus 651* 2751 Commercial printing, letterpress 649 3569 General industrial machinery, nec 599 2022 Cheese, natural & processed 556 2642 Envelopes 554 Source: County Business Patterns for years noted Table 4 lists the twenty manufacturing industries which are expected to be fast growing and major sources of new employment statewide in Minnesota through 1990. There is a considerable amount of overlap between the historical and projected future growth lists for Minnesota. Again this suggests that we are in the middle of a long term growth trend for certain industries which include: electronic computing equipment; printing & publishing; scientific & controlling instruments; miscellaneous plastics products; radio, TV & communication equipment; aluminum foundries, and; newspaper publishing. TABLE 4 Manufacturing Industries Expected to be Fast Growing and Major Sources of New Employment in Minnesota 1982 - 1990 Industry Percent Change Growth in in Employment Jobs Statewide Office & Computing Machines Misc. Paper & Pulp Products Printing & Publishing (exc. newspapers) Misc. Electrical Machinery & Equip. Misc. Machinery (exc. Electrical) Optical & Health Services Supplies Sawmills, Planing Mills & Millwork Scientific & Controlling Instruments Misc. Plastics Products Ordinance Misc. Fabricated Metal Products Sugar & Confectionary Products Paperboard Containers & Boxes Radio, TV and Communication Equip. Grain Mill Products Newspaper Publishing & Printing Metalworking Machinery Primary Aluminum & Nonferrous Metals Cutlery, Handtools & Other Hardware Misc. Wood Products 24.8 9980 28.6 6700 14.4 5620 26.3 4820 19.2 4600 33.0 2900 34.5 2580 15.6 2300 28.8 2030 12.4 1590 21.6 1530 46.9 1140 27.7 1050 21.4 1030 10.8 980 9.1 960 6.1 880 23.1 710 19.3 680 22.9 560 Source: Minnesota Employment Outlook to 1990 Minnesota Dept. of Jobs and Training. Twin Cities Metro Area Growth Industries - The manufacturing industries which have experienced the most employment growth during the late 1970's and early 1980's were identified in the economic analysis section of the Phase One report. In terms of broad manufacturing groupings, non - electrical machinery, printing & publishing, instruments & medical products, and paper & allied products experienced the most growth in employment in recent years. - 5 - Table 5 lists the twenty manufacturing industries which are expected to be fast growing and major sources of new employment in the Twin Cities area through - 1990. The similarity between the lists in Tables 4 and 5 is to be expected because of the Twin Cities' size with respect to Minnesota. Only four indus- tries identified as top growth industries for the Twin Cities area were not also identified as top growth industries for the state as a whole. These are: fabricated structural metal products; metal forging & stamping; motor vehicles & equipment, and; screw machine products. TABLE 5 Manufacturing Industries Expected to Be Fast Growing and Major Sources of New Employment in Minneapolis - St. Paul Metro Area* 1982 - 1990 Growth in Percent Change Jobs in Industry in Employment Metro Area Office & Computing Machines 30.9 9719 Printing & Publishing (exc. Newspapers) 24.8 5036 Misc. Machinery (exc. Electrical) 21.6 4248 Misc. Paper & Pulp Products 17.4 3601 Misc. Electrical Machinery & Equipment 28.0 3530 Scientific & Controlling Instruments 23.6 3368 Optical & Health Services Supplies 29.9 2155 Misc. Plastics Products 29.2 1834 Ordinance 10.7 1362 Sawmills, Planing Mills & Millwork 41.3 1340 Fabricated Structural Metal Products 26.5 1334 Newspaper Publishing & Printing 15.7 974 Metal Forgin & Stamping 27.0 753 Primary Aluminum & Nonferrous Foundries 29.0 689 Construction & Material Handling Machines 18.0 668 Motor Vehicles & Equipment 27.6 648 Grain Mill Products 8.3 588 Radio, TV and Communication Equipment 19.2 587 Paperboard Containers & Boxes 16.3 560 Screw Machine Products 41.1 542 * The Minneapolis - St. Paul Metro Area includes the counties of Anoka, Carver, Chisago, Dakota, Hennepin, Ramsey, Scott, Washington and Wright. Source: Minneapo - St. Paul ons To itan Area Minnesota Department of Jobs and Training, MW Growth Industries Summary - An analysis of the preceding tables reveals that six 3- and 4 -digit SIC industries occur most frequently and, therefore, should be considered primary growth targets. These industries are: 2752 Commercial printing, lithographic 3079 Plastics products 3573 Electronic computing equipment 3662 Radio & TV communication equipment 3823 Process control instruments 384 Medical instruments & supplies A set of secondary growth targets has also been delineated. These 3- and 4- digit SIC industries should be considered very viable prospects for the Still- water Area, although they occurred slightly less often on various historic and projected industry growth lists. These secondary growth targets are: 242 Sawmills & planing mills 243 Millwork, plywood & structural members 264 Misc. paper products 271 Newspapers 273 Misc. publishing 336 Aluminum & nonferrous foundries 344 Fabricated structural metal products 354 Metalworking machinery 3679 Electronic components 381 Engineering & scientific instruments The remaining industries identified as growth industries in Tables 1 -5 should '—' also be considered as prospects, but promotional and other development efforts should be concentrated on the primary and secondary growth targets. Growth Industries Analysis The following analysis gives a brief summary of the performance of the industries identified as primary growth targets in the U.S. in recent years. Also, there is brief discussion of the level of activity within these industries in Minn- esota. The rationale here is that if firms in the industry are present in Minnesota, it is reasonable to assume that they are able to reach markets, access raw materials, and pay the wage rates, taxes, and other costs in this state and remain competi- tive. If the firms are present in Minnesota, and especially if they are represented in the Twin Cities area, it is reasonable to assume that they could be located in Washington County and the Stillwater Area. This does not automatically mean that firms in these industry groups will prosper in the Stillwater Area, but rather that there is reason to assume that it is a good target for a detailed feasibility study or concentrated prospecting efforts. Electronic Computing Equipment - Only certain elements of this highly publicized, rapid growth industry lend themselves to applications in the Stillwater Area. However, the community's proximity to Minneapolis - St. Paul, which has a good base in the research, development, and production of electronic computing equipment should give the Stillwater Area an advantage over locations which are more distant from concentrations of such activity. The Stillwater Area could be a good location for firms in this industry which produce specialty products for use with standard electronic computing equipment or for applications in specific industries. - 7 - It has become increasingly common for large firms within the industry to "out - source" (purchase from outside firms) products and services rather than trying to develop their own capability to produce unrelated products within the larger firm. In these cases, the purchasing firm wants the supplier to be close at hand for coordination, design, installation, service, and improvements. Fur- ther, such special applications are not easily mass produced and, therefore, are less susceptible to competition from foreign suppliers or from very large firms which enjoy significant economies of scale (lower unit production costs due to scale of operations). Overall the long -term prospects for the electronic computing industry are good. The U.S. Department of Commerce projects computer industry shipments to grow slightly less than the historical average (since 1972) of 19 per cent per year. Within the industry group Office & Computing Machines, there were 59 firms opera- ting in Minnesota in 1985. Forty -seven of these firms were located in the multi- county Twin Cities metro area. Within Electronic Computing Equipment (SIC 3573) speci- fically there were 33 firms operating in the Twin Cities metro area in 1985, but all of these were in the two central counties of Ramsey and Hennepin. Major firms with operations there include 3M, Control Data, Cray Research, Honeywell, Northern Telecom, and Sperry, although there are numerous smaller firms which are usually more specialized. Radio and Television Communication Equipment - This industry has a definite relationship to and overlap with the electronic computing equipment industry because of the frequent application of electronic systems to communications and the computerization of telecommunications systems. Even at the 4 -digit SIC level of disaggregation, the radio and television communication equipment industry is a very diverse one. The industry's broad range of products includes: communication systems and equipment (except broadcast); broadcast, studio, and related electronic equipment; alarm systems, traffic control equipment, and intercommunication systems; search, detection, navigation, and guidance systems, and; electronic equipment not elsewhere classified. This diversity is exhibited by examing a list of the products of firms in this industry located in the Twin Cities. These products include closed circuit monitors and data display devices (Ball Electronic, Anoka), electronic fire detection systems (Detector Electronics, Minneapolis), local communications networks for computers ( Network Systems Corp., Brooklyn Park), TV surveilance systems (Photo- Security Systems, Minneapolis), temperature /pressure sensors (Rosemont, Inc., Minneapolis), and sonar fish finders (Vexilar, Minneapolis). Within the Twin Cities metro area there were 24 firms in 1985, with a relative concentration in Minneapolis and the west side. Employment at these firms range from just a few persons to several hundred. One reason for the large number of smaller firms is the high degree of specialization within the industry, the frequent changes in product design, and limited opportunity for long production runs (limited economies of scale). Nationally this industry is heavily dependent on the U.S. Defense Department, with about 45 percent of 1985 production directed to military and related appli- cations. In Minnesota, the industry appears to be less defense - oriented and quite diverse. The U.S. Department of Commerce feels that the long -term prospects for the radio and television communication equipment industry are quite good. To quote the U.S. Industrial Outlook "the major determinant of growth in this industry will continue to be the procurement budgets of the U.S. Armed Forces." However, the Outlook projects a growing demand within the civil sector for a broad variety of products such as radio and television broadcast equipment, mobile and fixed radio equipment, railway and highway traffic control equipment, fire and smoke detectors, and alarm systems. Three emerging products - -- satellite communi- cation systems, cellular radio - telephone systems, and fiber optics - -- are ex- pected to experience very significant growth rates. Process Control Instruments - This industry is part of the larger group of industries, measuring and controlling instruments. The inter - relatedness and overlap among process control instruments (SIC 3823) and other industries in the group which have been identified as secondary growth targets must be stressed. This industry has experienced respectable growth in recent years due to expansion in domestic plant and equipment expenditures. Also, relatively strong foreign demand has been an important factor in this industry's recent growth. However, the U.S. edge in this industry, in terms of superior technologies, appears to be eroding and increased imports and a decreasing export market can be expected. Still, the U.S. Department of Commerce expects product shipments to increase at an annual rate of 3 percent through 1990 for the industry overall. Prospects may be better for certain specialties within the industry. In 1985 there were 45 firms operating in this industry statewide. Twenty -nine of these firms were located in the Twin Cities metro area, but only two of these were outside of the two central counties. Within the broader industry group (SIC 382), there were 110 firms statewide in 1985. Seventy -six of these were in the Twin Cities metro area, including one in Stillwater (National Modulation). Medical Instruments & Supplies - This industry group includes three 4 -digit SIC industries, two of which should be considered as primary growth targets. These are surgical and medical instruments (SIC 3841) and surgical appliances and supplies (3842). Nationwide there are about three - thousand manufacturing plants within this industry group, and most of these are relatively small operations. Only about 36 percent of all plants in this industry have 20 or more employees. There are relative concentrations of activity in this industry along the East Coast, in California, and in the North Central Region, which includes Minnesota. Performance in the industry has been a little sluggish during the past couple of years, but the U.S. Department of Commerce expects production increases of 4 to 5 percent annually through 1990. SIC's 3841 and 3842 produce a wide range of products and there is a high drgree of specialization by individual firms. Surgical and medical instruments are mostly non - electronic diagnostic and therapeutic devices in general use by the medical profession. Surgical appliances and supplies includes products such as bandages and dressings, sutures, sterilizers, prosthetic devices, respir- atory equipment, and personal industrial safety equipment. Technological advancements have been significant in this industry during recent years. New products and production techniques are replacing old ones, and re- search and development will continue to result in more product innovations for the health care industry. Other major factors affecting this industry group include the expanding ambulatory care market, the increasing importance of HMO's, expanded medical insurance coverage, and an aging U.S. population. However, cost - containment efforts by the government and the insurance industry have con- strained this industry somewhat. In addition to its strong growth potential and other positive features, this industry would also complement the strong medical service sector in the Twin Cities area, take advantage of proximity to the University of Minnesota, and be in a good position to serve other major medical centers in the Upper Midwest (e.g., Rochester, Marshfield, et. al.). In 1985 there were sixteen firms in the Twin Cities area classified as SIC 3841 and 28 firms classified as SIC 3842. An indicator of the potential of the medical products industries, as well as the electronics industries, for the Stillwater Area is the establishment of the WR Medical Electronics plant in the old Connolly Shoe Company building in downtown Stillwater. Plastics Products - The plastics products industry has been one of the fastest growing manufacturing activities in the United States over the past thirty years. Plastics technology advancements, particularly in terms of strength and weight advantages, have enabled many products and components formerly made of metals, wood, or paper to be made of various plastics. There are more than 12,000 plants in this industry nationwide. Most of these are independent plastics processors. However, a large share of plastics plants are "captive" plants - -- facilities which make plastics components for their own company use. Major markets for plastics products include packaging, consumer goods, building materials, electrical /electronic products, home furnishing, machinery and equip- ment, and transportation equipment. The U.S. Industrial Outlook projects an average annual growth rate of 4 to 5 percent through at least 1990. The subs- titution factor, mentioned above, will continue to be important, but substitu- tion will occur at a slower rate than the 1960's and 1970's. The success of individual firms or sub - sectors of the plastics industry will be largely tied to the success of the markets they serve, whether they are final demand (e.g., consumer markets) or industrial markets. To the extent that the plastics indus- try is tied to another growth industry such as medical products or electronic equipment, firms with such linkages should do well. The plastics products industry is relatively "footloose," i.e. it does not gen- erally have a market or a raw material orientation. In 1985 there were 270 plastics products firms in Minnesota, in addition to a large number of firms which make plastics products but are classified otherwise. Within the Twin Cities metro area there were 186 plastics products firms, and the remaining 84 had "outstate" locations. Plastics products activity in the Twin Cities area is less concentrated in Hennepin and Ramsey counties than other primary growth targets and there are two plastics products firms in Washington County. One of these is UFE, Inc., a major employer in the Stillwater Area. - 10 - Commercial Printing (Lithographic) - Commercial lithographic printing is one of several industries within the broader printing and publishing group that should perform well during the next several years. Other related industries which have been identified as secondary or tertiary growth targets include newpapers and miscellaneous publishing. Commercial printing, as with all of the primary growth tarets, has undergoone significant change resulting from technological improvements. The U.S. Indus- trial Outlook reports that the "printing process has become more technically precise and automated, demanding the work orientation of technicians as opposed to craftsmen." Microprocessors, lasers, and digitalization of text and graphics have brought major technological change to the commercial printing industry. Despite technological advances and corresponding productivity gains, commercial printing has been, and should continue to be a major source of new jobs. This is in part due to expanding markets. Lithography, also known as offset printing, has become the preferred method of printing for many applications because of high production speeds, relatively low preparatory and plate costs, and ease of changeover between jobs. Litho- graphy's gains have come at the expense of letterpress. Lithography's future growth is tied to the level of advertising by U.S. business generally, as well as the level of general economic activity. The U.S. Depart- ment of Commerce projects an average annual growth rate of 4 percent through 1990. Expanding markets and continuing technological improvements will have positive effects on the commercial printing industry. The increasing use of electronic distribution of information may have long -term negative effects on the industry, however. Lithographic printing is a well - established activity area, but the prospects for additional firms in this In 1985 there were 124 such firms in the metro area. ivity in the metro area, a related target industry is (SIC 2795). in the Twin Cities metro industry should be good. Given the level of act - lithographic services - 11 - Inter - Industry Linkaqes In addition to focusing on growth opportunities, it is appropriate to consider other factors which might be the basis for targeting activities which would find the Stillwater Area an attractive location. By studying linkages among manufacturing industries, opportunities for new activity locally may be identified. The Stillwater Area is centrally located within the two -state Minnesota/Wiscon- sin region. A firm located in the Stillwater Area could easily serve firms in these two states and the Upper Midwest via truck or rail routes which are very accessible from this location. Current trends in inventory management suggest the desirability of shorter delivery times for components and raw materials. Components and raw materials required for use in a firm's manufacturing process are called inputs. Products made by manufacturers which are then supplied to other manufacturers are called outputs. The outputs of one manufacturing process become the inputs of other manufacturing processes, except for products purchased by ultimate consumers (final demand). As an initial step in studying inter - industry linkages, the twenty largest manufacturing industries in the Minnesota /Wisconsin region (based on employment) were identified. A list of the twenty largest manufacturing industries in the Twin Cities metro area was also prepared. These industry lists appear in Tables 6 and 7, respectively. Source: County Business Patterns - 12 - Table 6 Twenty Largest 3 -Digit Manufacturing SIC's _ in Terms of Employment in Minnesota /Wisconsin Region, 1984 Rank SIC Industry Employment 1 357 Office and computing machines 36,500 2 275 Commercial printing 32,900 3 307 Misc. plastics products 23,300 4 262 Paper mills, exc. bldg. paper 22,900 5 362 Electrical industrial apparatus 22,000 6 202 Dairy products 21,900 7 201 Meat products 21,700 8 264 Misc. converted paper products 20,300 9 271 Newspapers 18,600 10 356 General industrial machinery 18,200 11 351 Engines and turbines 17,800 12 353 Construction and related machinery 16,500 13 346 Metal forgings and stampings 16,100 14 344 Fabricated structural metal products 15,600 15 243 Millwork, plywood and struc. members 14,800 16 371 Motor vehicles and car bodies 14,800 17 352 Farm and garden machinery 14,500 18 359 Misc. machinery, exc. electrical 14,400 19 367 Electronic components and accessories 14,200 20 358 Refrigeration and service machinery 13,800 Source: County Business Patterns - 12 - Table 7 20 Largest 3 -digit Manufacturing SIC's in Terms of Employment in the Twin Cities MSA, 1984 SIC Rank Code Industry Employment 1 357 Office and computing machines 24,900 2 275 Commercial printing 10,400 3 348 Ordnance and accessories 91600 4 382 Measuring and controlling devices 9,400 5 358 Refrigeration and service machinery 5,900 6 356 General industry machinery 5,700 7 366 Communication equipment 5,600 8 367 Electronic components and accessories 5,500 9 359 Miscellaneous machinery except electrical 5,300 10 362 Electrical industrial apparatus 4,300 11 344 Fabricated structural metal products 4 12 369 Miscellaneous electrical equip. and supplies 3,700 13 208 Beverages 3,500 14 353 Construction and related machinery 3,400 15 243 Millwork, plywood and structural members 3,200 16 265 Paperboard containers and boxes 31000 354 Metalworking machinery 3,000 384 Medical instruments and supplies 3,000 19 349 Miscellaneous fabricated metal products 2,800 20 346 Metal forging and stampings 2,700 Source: County Business Patterns The next step was to identify the major inputs required by these manufacturers using the national input- output tables as the basic source. The principal inputs (based on dollar volume) for each of the twenty -eight largest manufac- turing industries in the two -state region and the Twin Cities area are ident- ified by SIC in Table 8. Titles for these industries are provided in Table 9. It is clear from examining these two tables that not all of the inputs or supply industries are suitable targets. First, there are more than sixty manufacturing industries serving as principal suppliers to the region's industrial base. This is too many to target effectively. Second, some of the input industries are not appropriate for the Stillwater Area due to raw material requirements (e.g., logging, sugar refining, plastic resins), agglomeration economies (i.e., the clustering of several plants within one industrial group, such as steel production or paper mills), or other factors. The list of principal inputs was narrowed by several criteria. Supply indus- tries which are highly resource - oriented (e.g., petroleum, logging, agriculture) were dropped from further consideration. Supply industries which serve high growth industries were retained as targets for further consideration, as were supply industries in which the region is a net importer. The resulting list of target industries which appear to offer potential based on supply relationships is in Table 10. - 13 - Table 8 Stillwater Target Industries Analysis Inputs Data Base Inputs to Largest Manufacturers in MN/W1 & Twin Cities Metro MAJOR INDUSTRY GROWTH INDUSTRY IN TOP 20 PRINCIPAL INPUTS (Name or SIC) SIC TITLE us MN Tc MN/WI TC 1 2 3 4 5 1 201 Meat Products N N N Y N Meat animals 2011 Poultry & eg 50/51 265 2 202 Dairy Products N N N Y N Dairy farms 2026 2022 50/51 265 3 208 Beverages N N N Y Y 3411 3221 50 /51 2087 2061 -3 4 243 Millwork, Plywood & Str. Y Y Y Y Y 2411 2421 2435 -6 50/51 Railroad 5 262 Paper Mills, ex. bldg paper N N N Y N 261 2411 2421 291 491/493 6 264 Misc. Converted Paper Prod. N Y Y Y N 262 2821 307 50/51 2642 7 265 Paperboard Containers & Boxes N Y Y N Y 263 265 262 Railroad 50/51 8 271 Newspapers Y Y Y Y N 261 48 50/51 5810 4311 9 275 Commercial Printing Y Y Y Y Y 262 50/51 2893 2641 2791 10 307 Misc. Plastics Products Y Y Y Y N 2821 307 286 50/51 265 11 344 Fabricated Struc. Metal Prod. Y N Y Y Y 3312 3353 -5 3731 3469 15 -17 12 346 Metal Forgings & Stampings N N Y Y Y 3312 50/51 3599 3423 345 13 349 Misc. Fabricated Metal Prod. Y Y N N Y 3312 50/51 3353 -5 332 307 14 351 Engines & Turbines N N N Y N 3519 332 50/51 3462 3312 15 352 Farm & Garden Machinery N N N Y N 3312 50/51 3523 3519 332 16 353 Construction & Related Mach. Y N Y Y Y 3312 50/51 3531 332 3566 17 354 Metalworking Machinery Y Y N Y Y 3312 3544 -5 50/51 3599 332 18 356 General Industry Machinery Y N N Y Y 3312 50/51 302 3621 3562 19 357 Office & Computing Machines Y Y Y Y Y 3592 50/51 3674 3675 -9 307 20 358 Refrig. & Service Mach. N N N Y Y 3621 50/51 3312 3585 3353 -5 21 359'Misc. Mach., ex. electrical N Y Y Y Y 3599 3312 332 50/51 3353 -5 22 362 Electical Industrial ApparatusY N N Y Y 3312 50/51 3357 3622 307 23 366 Communication Equipment N Y Y Y Y 3675 -9 3674 50/51 307 Real Estate 24 367 Elec. Components & Acc. Y N N Y Y 3675 -9 50/51 307 3674 3356 25 369 Misc. Elec. Equip. & Supp. N N N Y Y 3332 50/51 3357 286 3694 26 371 Motor vehicles & Equipment N N Y Y N 3714 3465 3312 50/51 332 27 382 Measuring & Cont. Devices Y Y Y Y Y 50/51 36759 307 3312 345 28 384 Medical Instruments & Supp. Y N Y N Y 50/51 307 3339 221 -2 3469 Table 9 Manufacturing Industries Serving as Principal Suppliers to Largest Manufacturers in Minnesota /Wisconsin and pain Cities SIC Supply Industry Title SIC Supply Industry Title 2011 Meat packing plants 2022 Cheese, natural and processed 2026 Fluid milk 2061 Raw cane sugar 2062 Cane sugar refining 2063 Beet sugar 2087 Flavoring extracts and sirups 2210 Weaving mills, cotton 2220 Weaving mills, synthetics 2411 Logging camps and logging contractors 2421 Sawmills and planing mills 2435 Hardwood veneer and plywood 2436 Softwood veneer and plywood 2610 Pulp mills 2620 Paper mills, except building paper 2630 Paperboard mills 2641 Paper coating and glazing 2642 Envelopes 2650 Paperboard containers and boxes 2791 Typesetting 2821 Plastics materials and resins 2860 Industrial organic chemicals 2893 Printing ink 2910 Petroleum refining 3040 Rubber and plastic hose and belting 3070 Misc. plastics products 3221 Glass containers 3312 Blast furnaces and steel mills 3320 Iron and steel foundries 3332 Primary lead 3339 Primary nonferous metals, nec 3353 Aluminum sheet, plate and foil 3354 Aluminum extruded products 3355 Aluminum rolling and drawing, nec 3356 Nonferrous rolling and drawing, nec 3357 Nonferrous wire drawing & insulating 3411 Metal cans and shipping containers 3423 Hand and edge tools, nec 3450 Screw machine products, bolts, etc. 3462 Iron and steel forgings 3465 Automotive stampings 3469 Metal stampings, nec 3519 Internal combustion engines, nec 3523 Farm machinery and equipment 3531 Construction machinery 3544 Special dies, tools, jigs & fixtures 3545 Machine tool accessories 3562 Ball and roller bearings 3566 Speed changers, drives and gears 3585 Refrigeration and heating equipment 3592 Carburetors, pistons, rings, valves 3599 Machinery, except electrical, nec 3621 Motors and generators 3522 Industrial controls 3674 Semiconductors and related devices 3675 Electronic capacitors 3676 Electronic resistors 3677 Electronic coils and transformers 3678 Electronic connectors 3679 Electronic components, nec 3694 Engine electrical equipment 3714 Motor vehicle parts and accessories 3731 Ship building and repairing - 14 - Table 10 Potential Manufacturing Targets Which Are Inputs to the Region's Major Industries SIC Industry 265 Paperboard containers and boxes 307 Misc. plastics products 345 Screw machine products 2791 Typesetting 3423 Hand and edge tools, nec 3469 Metal stampings 3599 Machinery, except electrical, nec 3674 -79 Electronic components and accessories The major industries operating in the Minnesota /Wisconsin region and in the Twin Cities area are also producing goods which become inputs for other manufacturing industries. A firm operating in the Stillwater Area would have good access to products supplied by these major industries. Again, using the input- output tables, the principal outputs of the major industries were identified. To further narrow the resulting list for use in targeting, those which purchase twenty percent or more of their intermediate inputs from one of the twenty -eight major industries were selected as viable targets. These target industries are listed below. Table 11 Potential Manufacturing Targets Which Are Purchasers of Outputs of the Region's Major Industries SIC Industry 2013 Sausages and other prepared meats 2017 Poultry and egg processing 2021 Creamery butter 2022 Cheese, natural and processed 2065 Confectionery products 2641 Paper coating and glazing 2642 Envelopes 2643 Bags, except textile bags 2645 Die -cut paper and board 2647 Sanitary paper products 2648 Stationery products 2649 Converted paper products, nec 271 Newspapers 272 Periodicals 2732 Book printing 274 Misc. publishing 275 Commercial printing 276 Manifold business forms 2782 Blankbooks and looseleaf binders 311 Leather tanning and finishing 3519 Internal combustion engines, nec 3524 Lawn and garden equipment 3572 Typewriters 3573 Electronic computing equipment 3579 Office machines, nec 3719 Motor vehicle parts and accessories 3761 Guided missiles and space vehicles - 15 - The lists in Tables 10 and 11 identify thirty -five 3- and 4 -digit SIC manufacturing industries which could be targeted by the Stillwater Area. Thirty -five is too many to target effectively, so additional screening is necessary. Four criteria will be used to identify primary targets based on inter - industry linkages. These criteria are: 1) Low sensitivity to labor costs; 2) High percentage of shipments by truck; 3) Average employment size per plant of 100 or less, and; 4) All major inputs available within one day's trucking distance. 1) Low Sensitivity to Labor Costs - Labor costs include wages as well as non -wage costs such as worker's compensation, unemployment compensation and other costs which are labor - related. Wage rates for production workers in the Stillwater Area are lower than those in the central cities of St. Paul and Minneapolis, but not by a significant margin. Wage rates in the Stillwater Area are generally higher than in the Wisconsin counties just east of the Stillwater Area, and these higher wage rates are an attraction for Wisconsin workers. Andersen Corporation, in Bayport, is the largest manufacturing employer in the Stillwater Area, and it is known for its excellent pay for production workers. In some respects, Andersen's pay structure is a standard against which pay at other manufacturers is compared. Minnesota is known for its high workers comp and unemployment comp taxes. These, too, must be considered as labor costs. Labor cost sensitivity was determined by dividing total labor compensation by value -added (using the Annual Survey of Manufac- turers as the source of information). Industries with a low percent of labor cost to value- added, placing within the bottom quartile of all industry types on the suspect list, were retained for further investigation. 2) High Percentage of Shipment by Trucks - Although the Stillwater Area does have rail service, it does not have much industrial land which is served by rail available for new industrial develop- ment. Trucking is taking on increasing importance as a shipper for most manufacturing industries. For the near -term future (five years or less) most available industrial land in the Stillwater Area will not have rail access, so only those indus- tries which rely extensively on trucks for incoming and outgoing shipments were retained for further investigation. Industries which, on average, have 80 percent or more of their shipments by truck made the cut (source of information: Census of Transporta- tion). 3) Employ less than 100 persons per plant - Research by Dr. David Birch of MIT has shown that the vast majority of new jobs come from firms with less than 100 employees. Besides offering greater growth potential, smaller firms will provide greater stability for the Stillwater Area. Smaller firms diversify the lnfl economy*(a key goal for the Stillwater Area) with fewer workers engaged in the manufacture of a single product or group of products. Using information from County Business Patterns industries with an average of 100 or fewer workers per plant were retained for further investigation. 4) Major inputs available within one day's trucking distance - Industries in the Stillwater Area generally are able to procure their inputs within 500 -600 miles of the community, or roughly one day's trucking distance. For an industry from one of the linkages lists to be considered a good target, most of the major raw materials necessary in the manufacturing process must be available within one day's trucking distance. This turned out not to be an effective screening criterion, because virtually all of the industries are able to obtain their major inputs from within a radius of roughly 600 miles. The three industries which met all of the criteria are: Cheese, natural and processed (SIC 2022); Converted paper products (2649), and; Manifold business forms (2761). These industries should be considered as primary targets. It is worth noting that two of the industries identified as primary targets in the growth industries analysis also meet all of the screening criteria. These three are: Fabricated structural metal products (SIC 344) and Medical instruments and supplies (384). Industries which met three of the four criteria and, therefore, should be considered as secondary targets are listed in Table 12. Table 12 Secondary Targets Based on Inter - Industry Linkage Analysis SIC Industry 2065 Confectionery products 2645 Die -cut paper and board 2721 Periodicals 2741 Miscellaneous publishing 3524 Lawn and garden equipment 3572 Typewriters 3573 Electronic computing equipment 3579 Office machines, nec 3811 Engineering & Scientific instruments 3843 Dental equipment & supplies * * Also identified as primary or secondary target in growth industries analysis. Local Manufacturer Survey As a supplement to the inter - industry linkage analysis, a survey of Still- water Area manufacturers was conducted. The purpose of the survey was to - 17 - identify inputs purchased by local manufacturers, as well as the origin of these inputs and the mode(s) of transportation used to ship the inputs. Local manufacturers were also asked to identify their outputs, locations of principal markets, and modes of transportation used for shipment. Finally, local manufacturers were asked to suggest products which are purchased as inputs which they feel might lend themselves to production locally. Of the dozen manufacturers who received the survey questionnaire, six responded. The following products /industries were identified as those which might lend themselves to production locally: SIC Industry 275 Commercial printing 3211 Flat glass 3079 Plastic components, plastic pails and bottles The feasibility of establishing operations locally to provide inputs to Stillwater Area manufacturers can only be determined through detailed analyses which are beyond the scope of this study. However, follow -up contacts with local manufactuers are recommended as part of the proposed economic development organization's work program. Through these follow -up contacts additional information can be obtained to evaluate the feasibility of activities listed above. However, all three do appear to have some potential and merit further study. Services Service activities, in general, have been a major source of employment growth in the U.S. and in Minnesota during the past twenty years. Many local economic development organizations are taking note of the importance of service activities in terms of job and income generation. Consequently, services are being targeted and assisted more by local development groups. However, not all service industries are attractive as targets for economic development. While most services are expected to continue to serve as significant sources of growth for the next ten years, many service indus- tries pay wages which are below average and in which there are high rates of labor turnover. Service industries do offer considerable economic development potential, but only those service activities which are, or have the potential to be, largely or entirely "basic" (i.e., serving markets outside of the local area) should be targeted for the Stillwater Area. Several specific types of services are already considered part of the Stillwater Area's economic base. These industries were identified in the economic analysis that was completed as part of the Phase One report. These industries include local passenger transportation, water transportation ser- vices, electric services, commercial banking, security and commodity services, advertising, physicians and dental services, amusement and recreation services, libraries /information services, and local government. While it is evident that these activities are serving some markets outside of the immediate Stillwater Area, in most cases the majority of the markets of these activities are local. Exceptions would be electric services, amusement and recreation services, and libraries /information centers. Services which are predominantly local market - oriented should not receive a lot of attention by a local economic development organization. The U.S. Department of Commerce, in its 1986 U.S. Industrial Outlook highlights several service industries which are becoming increasingly "basic," at least on interstate or international levels. These include advertising, accounting, architecture and engineering, banking and financial services, education and training, employment services, health care, franchising, insurance, consulting of all kinds, leasing, transportation, computer services, and communication. There is a tendency for firms that are in these service industries which are becoming increasingly basic to concentrate in large urban centers. There are exceptions to this "rule," and the Stillwater Area should concen- trate on finding those exceptions in including service industry targeting in its economic development program. A recent study of service industries in the State of Washington showed that small firms are just as likely as large firms to have export sales, and that most services exporting firms are young and had local startups. This finding may be significant for the Stillwater Area, which is somewhat isolated or removed from the major urban nodes of Minneapolis and St. Paul and, therefore, less likely to attract a large service firm. As a strategy in targeting service firms, the Stillwater Area may do best to attract small, specialized service firms to the community or to encourage start -ups by people already in the community. The principals of small, specialized service firms are likely to be well - educated, professional types to whom the Stillwater Area and the lifestyles available there are very appealing. The Stillwater Area should take advantage of the "quality of life" factor, which could be more important to new or small service firms than for manufacturing businesses. Market Orientation The Phase One report included an economic analysis of the Stillwater Area which serves as the basis for identifying market - oriented activities which offer opportunities for expansion. Using the comparative economic base analysis technique, employment levels in market - oriented activities (trade, services, construction, etc.) in the Stillwater Area are compared with those of similar communities in eastern Minnesota and western Wisconsin. The assumption is that the Stillwater Area should be able to support similar levels of employment in these market - oriented activities as is true for similar places. Where the levels are significantly below the average for comparable communities, there may be opportunities to expand existing firms or develop new firms. The comparative economic base analysis technique is not without its weak- nesses, but it is an improvement over similar techniques which compare a place to the nation as a whole. In the analysis conducted during Phase =VOM One, the Stillwater Area is compared with Red Wing and Hastings, Minnesota and Hudson, Wisconsin. Overall, the Stillwater Area compares quite favor- ably with these other communities in terms of market - oriented activities. There are no apparent glaring gaps (i.e., market- oriented activities which are absent in the Stillwater Area but which would be expected to be there). There are, however, a number of activities in which employment levels in the Stillwater Area are below the four - community average. This is an indication that there may be room for additional employment in these activities, either through expansion of existing firms or through the addition of new firms. The activities which have below- average employment levels in the Stillwater Area include: verterinary services; radio and television broadcasting; motor vehicle and automotive equipment wholesale; electrical goods whole- sale; miscellaneous non - durable goods wholesale (includes farm supplies, tobacco products, paints and supplies, and a wide variety of other non -dur- ables); new and used car dealers; women's ready -to -wear stores; furniture and home furnishings; security and commodity services; insurance agents, brokers and services; laundry, cleaning and garment services; photographic studios (portrait); nursing and personal care facilities, and; hospitals. There are many factors which might influence the level of employment in a particular market - oriented activity. By comparing the Stillwater Area to similar communities, the unwanted influences may be minimized but they can't necessarily be eliminated. For example, veterinary services appears to have potential for expansion in the Stillwater Area. In discussing this opportunity with a local veterinarian, however, it was learned that there are several veterinary offices located just outside of the Stillwater Area as defined. These veterinarians just outside the Stillwater Area are probably serving markets inside the Stillwater Area, at least to some degree, so the potential for expanding in this activity may not be real. Local economies are very dynamic in terms of market- oriented business activities. This is especially true in areas with growing populations (i.e., expanding local markets). The market- oriented opportunities ident- ified above for the Stillwater Area are not likely to remain as oppor- tunities for long. The market system is remarkably efficient and, if there is a large enough need, some entrepreneur will step in and fill that need. A comparative economic base analysis can be useful in identifying oppor- tunities, but it should be updated periodically to reflect changing con- ditions. If a particular activity is identified consistently in successive analyses, it is very likely that there are factors (other than purely local market factors) influencing the results. S_ r The Target Industries Analysis identifies the types of economic activity which could be attracted to or expanded in the Stillwater Area. These are the activities toward which those responsible for marketing should be concentrating their efforts. - 20 - Emphasis has been placed on identification of manufacturing targets because manufacturing industries are generally more purely "basic" than non- manufac- turing industries (although this is not always true), and the economic impacts per new job created in manufacturing tend to be higher than from new service or trade jobs. However, opportunities for non - manufacturing business development have been analyzed, too. The growth industries analysis identified specific manufacturing industries which are growing rapidly (job growth) and which can operate in the Minne- sota economic climate. Recent growth trends and growth forecasts for manufacturing industries in the United States, Minnesota and the Twin Cities region were analyzed. Industries which appeared on historic and future growth lists most frequently and which are already represented in Minnesota were identified as primary growth targets? These are: Commercial printing, lithographic Plastics products Electronic computing equipment Radio and TV communication equipment Process control instruments Medical instruments and supplies A set of secondary growth targets was also delineated. These industries should still be considered viable prospects for the Stillwater Area, although they appeared less often on historic and future growth lists. These industries are: Sawmills & planing mills Millwork, plywood & structural members Misc. paper products Newspapers Misc. publishing Aluminum & nonferrous foundries Fabricated structural metal products Metalworking machinery Electronic components Engineering & scientific instruments An analysis of inter - industry linkages was conducted to identify manufac- turers which could locate in the Stillwater Area because of input- output relationships with major manufacturers in the region. Thirty -five specific industries were identified as potential targets based on inter - .industry linkages, but a group of this size is too large to use targeting effec- tively. Additional screening was done to narrow the list. Primary targets resulting from the inter - industry linkage analysis are: Cheese, natural and processed Converted paper products Manifold business forms - 21 - Secondary targets based on the inter - industry linkage analysis are: Confectionery products Die -cut paper and board Periodicals Miscellaneous publishing Lawn and garden equipment Typewriters Electronic computing equipment Office machines, nec Engineering & scientific instruments Dental equipment & supplies As a supplement to the inter - industry linkage analysis, a survey of Still- water Area manufacturers was conducted to examine input requirements of local industries. The following products were identified as those which might lend themselves to production locally: Commercial printing Flat glass Plastic components Plastic pails and bottles Service activities have been and should continue to be a major source of economic growth nationally and in Minnesota. The Stillwater Area should target those service activities which are, or have the potential to be, largely or entirely "basic" (i.e., serving non -local markets). Service industries which are becoming increasingly basic include advertising, accounting, architecture and engineering, banking and financial services, education and training, employment services, health care, franchising, insurance, consulting of all kinds, leasing, transportation, computer services, and communication. As a strategy in targeting service firms, the Stillwater Area may do best to attract small specialized service firms to the community or to encourage start -ups by people already in the community. The principals of small specialty service firms are likely to be well -edu- cated, professional types.to whom the Stillwater Area and the lifestyles available there are very appealing. Market - oriented activities which may offer opportunities for expansion in the Stillwater Area were identified using the comparative economic base analysis technique. Market - oriented activities which have below- average employment levels in the Stillwater Area include: Veterinary services Radio & TV broadcasting Motor vehicles & auto equipment wholesale Electrical goods wholesale Miscellaneous non - durable goods wholesale New and used car dealers Women's ready -to -wear stores Furniture and home furnishings Security and commodity services - 22 - Insurance agents, brokers and services Laundry, cleaning and garment services Photographic studios (portrait) Nursing and personal care facilities Hospitals Because local economic conditions tend to be very dynamic, especially in growing areas, the comparative economic base analysis should be updated periodically to show current opportunities. - 23 - IMPLEMENTATION PLAN Introduction The implementation plan lays out a course of action for the Stillwater Area to follow. As the final step in the economic development strategy, the implementation plan builds on the findings and recommendations of the three analyses which precede it. The plan begins with the statement of economic development goals and objectives, which provide a framework for what the community wishes to accomplish. The fifth goal deals with establishing an effective economic development "system" in the Stillwater Area, which will require the creation of a new organization. Alternative organizational structures are analyzed and recommendations for the formation of an economic development organization are provided. A description of implementation activities is also provided, with'recommendations on specific activities in which the new organization should be involved. Emphasis is given to information /clearinghouse, planning /research and marketing functions. The critical issue of industrial land is also addressed. Goals and Objectives Taking into account the results of the economic analysis, the Stillwater Area's potentials and constraints, and the target industries analysis, the next step in formulating an economic development strategy is to identify goals and objectives. Goals and objectives provide the framework for the overall strategy. Goals are statements of purpose or desired ends toward which effort is directed. A goal expresses a general aim about what the Stillwater Area should strive for in terms of its economy for the next several years. Objectives are somewhat more specific, measurable types of actions that relate to the achievement of a goal. At the head of the list of goals is an overall goal for economic develop- ment. It serves as an "umbrella" statement which covers all of the sub- sequent goals and objectives. Beyond the overall goal, individual goals and objectives are not prioritized or in any special order. All of the goals and objectives are important and, although some may be more important than others, they all interact to form the basis of the Stillwater Area's strategy for economic development. OVERALL GOAL - Encourage the economic development and vitality of the Stillwater Area. Goal 1 Business retention. Objectives la. Establish and maintain a good business climate in the Stillwater Area. - 24 - lb. Identify activities and areas within the community which are in need of assistance or improvement and direct efforts to these activities /areas. lc. Establish lines of communication between those organ- izations that can provide needed assistance and:those that require such assistance. Goal 2 Economic diversification. Objectives 2a. Identify those types of economic activity which are desirable from social and environmental standpoints and for which the Stillwater Area has a comparative advan- tage. 2b. Encourage the attraction of new business and industry of types not currently present in the community. 2c. Assist existing Stillwater Area firms in their diversif- ication efforts. Goal 3 Economic expansion. Objectives 3a. Assist existing businesses and industries in their expansion efforts. 3b. Attract new business and industry which is appropriate for the Stillwater Area. 3c. Encourage broad -based business development, which includes industrial, commercial, and tourism - related activities. 3d. Assist local entrepreneurs in the process of new business formation. Goal 4 Guide economic growth and development to those parts of the Stillwater Area that want it. Objectives 4a. Plan for and provide attractive new sites for various types of economic activity, including manufacturing, retail, service, wholesale, distribution and warehouse. 4b. Plan for and provide the public facilities and infra- structure necessary to support diverse economic expansion. - 25 - 4c. Plan for'and encourage redevelopment and revitalization of existing commercial and industrial districts in the Stillwater Area. Goal 5 Establish an effective economic development "system" in the Stillwater Area. Objectives 5a. Establish a broad -based organization with planning and implementation responsibilities to address the goals and objectives listed above. 5b. Open and maintain channels of communication and create working relationships among agencies involved in economic development in the Stillwater area. 5c. Present a coordinated, unified front and a positive image to existing and prospective business and industry. 5d. Initiate and implement the specific programs and projects which are necessary to make the Stillwater Area competitive in retaining and attracting economic activity. 5e. Avoid duplicated and overlapping efforts by various agencies and organizations. 5f. Streamline channels of communication and provision of assistance to business and industry. Organizational Structure There are several alternatives available to communities interested in creating an organization responsible for the implementation of an economic development program. The Stillwater Area must take into consideration the purpose of the economic development program, the involvement and interest of those currently active in economic development, and the governmental structure of the area when deciding on an organizational structure. There are three major types of organizations to implement economic develop- ment programs. They are classified as public, private- for - profit, and private non - profit. Although it is rare for a community to use an organiza- tional structure in its pure form, most tend to fall into one of these major categories. The following sections describe the organizational structure for these three types. Public - The first alternative is the publicly sponsored economic develop- ment program. To create such an organization the governmental unit (munici- pality or county) establishes an entity which is responsible for all or some economic development activities within their jurisdiction. Such an entity would take the form of a committee, council, task force, or commission. In - 26 - some cases the public group is comprised solely of public officials (elected and staff), but the importance of private sector representation and input is usually recognized. The principal functions of a public organization involve coordination, information gathering and analysis, and limited technical assistance. Public organizations are almost always advisory.in nature, intended to be part of the legislative process of local government. These functions are important because of government's role in providing key services, as well as its role as regulator. Another advantage is the requirement that certain public funds (grants) be provided through or administered by a public organization. However, such requirements can be met through contractual agreements between local governments and private organizations. The principal advantages of public organizations are the facilitation of communication to government decision makers and the establishment of a positive image for economic development by local government. Another advantage is that it is perceived as allowing more citizen involvement in economic development. There are several shortcomings with the public organizational structure. First and foremost, public development groups tend to be largely advisory. Their implementation powers generally relate to the provision of utilities and services and certain types of financial assistance. Public development groups are often unable to move quickly or operate within a short time- frame, which is often necessary for economic development projects. Public economic development groups are seldom the final decision making authority and actions must be taken by the local legislative body before some projects are able to move ahead. In the business environment, these delays may discourage business people who are interested in expanding or relocating a firm in the community. Other drawbacks are state requirements regarding open meetings and public disclosure of financial statements and business plans. Although citizen involvement should be encouraged, problems have resulted when residents become too involved. Business owners prefer to maintain a level of confidentiality which is not available as a result of such government regulations. In the Stillwater Area, a public economic development organization could be formed by any municipality individually, two or more local governments participating cooperatively, or by the county. However, no formal public economic development group has been established in the Stillwater Area, except for the Washington County Housing and Redevelopment Authority. The Washington County HRA has special implementation powers specified by state statute. The HRA has worked with several municipalities in the Stillwater Area, particularly in providing financial services (Tax Increment Financing and Industrial Revenue Bonds). This has been and will continue to be a necessary role, but the HRA probably cannot be the general purpose economic development organization which is needed in the Stillwater Area. If Washington County decides to get actively involved in economic develop- ment, the Stillwater Area is likely to benefit. However, because Washington County is large and encompasses several other communities which are in- terested and involved in economic development, a county - sponsored economic - 27 - development group would not be able to concentrate enough on the Stillwater Area's needs. Because of the inherent disadvantages with a purely public economic develop- ment organization, the formation of such a group in the Stillwater Area is not recommended. But this is not to say that the local governments should not be integrally involved in the local economic development program. At a minimum, local government participation is needed to facilitate decisions within respective jurisdictions (e.g., zoning issues, utility extensions, etc.). Because of the broad range of issues and impacts that must be considered in an economic development program, the local governments in the Stillwater Area should be involved at a policy- making level jointly with the private sector, but should not take the lead role. Private -for- profit - Private organizations formed to make a profit may also provide the structure for the implementation of a community's economic development program. This type of organization gathers private investors who work toward improving the area's economy in a manner which is profit- able to the stockholders /investors. This category allows greater flexi- bility and an increase in the number of financing alternatives available. Projects can be reviewed without the problems of disclosure and the time frame necessary for governmental "council" approval. This type of organ- ization is not financially dependent on any governmental funds and may work well as a development catalyst. There are a number of difficulties which private- for - profit economic development organizations have experienced, and which have kept them from taking on the role of implementing a general community economic development program. A private group may not be responsible for or obligated to working in close association with the governmental units. This has, in some cases, led to a lack of accountability in economic development projects being carried out. Because such an organization is not associated with a govern- mental unit and is working for a profit, the private- for- profit structure does not take on the role of the community's economic development center. Businesses may find it difficult to bring in problems and potential projects if members of the organization are viewed as competitors. One of the most significant problems which has occurred is the ability of such an organization to achieve a profit while meeting the community's economic development needs. An organization's own goals may not always mesh with the community's broader goals for economic development. Goals can often conflict which may result in the loss of new investment and /or new jobs. In addition, given the increasing intensity of competition for new investments, it may be impractical if not economically impossible to, in fact, "turn a profit" on such ventures. Realization of this fact will quickly dampen enthusiasm and interest in economic development which will, of course, translate into ever diminishing levels of success. The private- for - profit structure is generally best - suited for organizations with limited functions or limited geographic scope, rather than broad -based economic development programs. For example, a for - profit group may be appropriate to develop and manage a business incubator facility. Business incubators have become important elements in many community economic development programs, but to be successful, they require skills and exper- tise which a general purpose economic development organization may not have. Profit - making structures also often work well when they focus on the needs of a limited geographic area, such as a downtown. Private Non - Profit - The third basic organizational alternative available to the Stillwater Area is the development of a private non - profit corporation. An economic development corporation can qualify for tax exempt status under Section 501(c)(3) of the Internal Revenue Code of 1954, and this has been an extemely popular structure for economic development groups for many years. The private non - profit organization offers many of the strengths of the two preceding formats, with few of their weaknesses. They avoid problems associated with local government structure and bureaucracy and they usually benefit from extensive private sector participation. One of the advantages of`such an organization is budgetary. Due to the non - profit status of such an organization, donations and contributions from private sources may expand the amount of funds available to meet operational expenses. This structure also enables a group to contract for services and receive grants from government agencies or foundations. Any earnings resulting from activities cannot be distributed to shareholders. Rather, they must be re- invested in new projects supported by the group and its strategy. Because the organization is not motivated by profits, all businesses can feel free to contact the organization for any problems or needs. This fact may make the private non - profit alternative the most effective structure for an effective business development program. Although a private non - profit organization is autonomous from local government, they usually maintain legal and financial ties and are generally responsive to the community's economic development needs. An example of a private, non - profit in the Stillwater Area is St. Croix Growth, which is an association of local lenders. SCG's purpose is to assemble financial packages on a "pooled- resource" basis when projects meet established criteria. Again, SCG's goals are, in general, in conformance with those of broad -based community economic development. They offer specific services and resources which may be necessary to make certain development projects move ahead, but SCG's functions are limited and it would not be good to house a community economic development program within that or a similar organization. The term "private" is actually somewhat misleading because, in most cases, for such a group to operate successfully, public involvement is essential. Perhaps a more appropriate term is "quasi- public," because local government leaders usually serve on the governing board and it is not unusual for a large portion of annual operating revenues to come from local government sources. Despite the involvement by public officials, the governing body of the typical non - profit economic development organization is comprised primarily of local business leaders. The blend of private and public membership and participation generally works well in accomplishing mutual - 29 - goals. A non - profit organization makes sense for many communities because they are able to do planning and establish policy, as well as to implement the plans and programs they adopt. The primary weakness of the private non - profit is one which is not unique to that organizational type. Problems can arise if quality personnel are not placed in the positions created. The organization must be headed by an enthusiastic individual with a business background, familiarity with government programs and an ability to work with business leaders in the community. The governing board of a private non - profit organization must also be willing to actively participate in the activities of the area's economic development program. Again, problems can occur if council members are not familiar with the business environment or are motivated by political convictions. Developing a good "team" for economic development which works closely with area governmental units can be a difficult task. Selecting a Structure for the Stillwater Area - The selection of the "best" organizational structure for an economic development program.in the Still- water Area should be based on needs. Several of the basic needs have already been identified: 1. No general purpose economic development organization exists in the Stillwater Area. Such an organization is needed to take the lead in economic development activities, to serve as an initial contact or starting point for persons /firms interested in the Stillwater Area for development projects, to market the Stillwater Area for development, and to coordinate efforts among existing entities. 2. Planning and implementation functions are both needed within one organization. The ability to carry out plans once they are formulated is essential. Too much separation of planning and implementation in economic development often leads to delays and uncoordinated, disjointed results. 3. There is a need to approach economic development on an area -wide basis. Stillwater, Bayport, Oak Park Heights, Lake Elmo, and the surrounding townships are, in many respects, one community. Economic development that takes place within the jurisdiction of one of these local governments will benefit the other parts of the Stillwater Area. For an individual municipality in the Stillwater Area to initiate an economic development program would be prohib- itively expensive. An area -wide effort avoids duplication, distributes costs in relation to benefits, and takes advantage of economies of scale. Because of these basic fit organization struct public organization is planning, gathering dat weak in implementation. implementation, but is needs, neither a purely public nor a private- for -pro- ure is well- suited for the Stillwater Area. The good for establishing governmental policy, doing a, and conducting research and analysis, but it is The private- for - profit organization is strong on not benefits or in approaching as effective in planning for community -wide economic development comprehensively. - 30 - For these reasons, it is recommended that the Stillwater Area's economic development acitivities be handled by a private non - profit organization This organization should establish itself as the lead agency for economic development and strive for a position as a highly visible, central coordin- ating agency for economic development in the Stillwater Area. The organiza- tion should be area -wide in scope, with representation from both the private and public sectors from throughout the community, but the leadership should be from the private sector to gain the support and confidence of the business community. Although the organization should function as a general purpose economic development group, it should not try to be everything or do everything in terms of economic development. In fact, at least at the beginning, the functions of the new group should be limited to information gathering, planning, and marketing. The organization should make use of existing resources and agencies, assuming a role within a particular activity area only when no other entity exists to do so. Within the private non - profit category, there are a number of options to consider. Two viable options for establishing an organization are to expand within the Chamber of Commerce or to create an independent entity, which may or may not have an affiliation with the Chamber of Commerce. - Within Chamber of Commerce This would essentially broaden the Chamber's functions to establish a formal economic development program. This could take the form of continuing the existing Business and Industrial Development Committee or establishing a new committee or a council with the Chamber as the sponsoring agency. This option takes advantage of the impetus and current activities of the B & ID Committee and the Chamber's area -wide scope. The amount of autonomy given to such a committee is a decision for the Chamber, but autonomy will be necessary for the organization to be effective. - Independent of Chamber of Commerce An independent organization, which may still be affiliated with the Chamber for administrative purposes, is a format used in many communities. Policy- making boards are separate and autonomous, although interlocking board memberships help to assure coordination. Functions - The purposes and functions of the proposed non - profit corpora- tion will be explained in the organization's articles of incorporation. The organization's principal purposes and functions will be to work toward the goals and objectives presented earlier in this narrative. More specif- ically, the organization should be empowered to: a) receive funds and property (real or personal) by gift, grant or otherwise; b) purchase or lease real and personal property; c) sell, exchange or otherwise transfer real and personal property; d) borrow money; e) invest its funds; f) provide services on a contract basis; and g) participate and work jointly with other organizations or indi- viduals to work toward common goals. - 31 - The representative structure will be of particular.importance in estab- lishing the new organization. Representation is discussed.in' the next section. Representation The business and affairs of the proposed non - profit economic development corporation will be managed by a Board of Directors who represent different functional and geographic areas of interest. The make -up of the Board of Directors of the proposed corporation is presented in Figure 1. The proposed organization will have representation from three broad sectors within the Stillwater Area. There will be public, private, and at -large representatives. The Board as proposed, is large enough to represent the necessary interests within the Stillwater Area, but not too large to be unwieldy. Figure 1 Proposed Representation Stillwater Area Economic Development Organization Functional /Geographic Area of Interest Number Who Appoints? Public Sector School District 1 School Board Washington County 1 Board of Commissioners Each General Purpose local government in Stillwater Area 8 Local Government legislative body Private Sector Manufacturing 3 Chamber of Commerce Lending Institutions 1 St. Croix Growth Real Estate 1 Chamber of Commerce Stillwater Development Corp. 1 SDC Other business 3 Chamber of Commerce At Large Residents of the Stillwater Area who have expressed in- 3 Economic development organiza- terest in the pur- tion itself poses of the devel- ment organization ------------------ - - - - -- ------------------------ ---- - - - - -- ---- - - - - -- ------------------------------------- ------------------------------------- Total 22 - JZ - - Public Sector As explained above, public sector participation and cooperation in the economic development process is essential to achieve success. The public sector (general purpose local governments and the school district) stand to gain from the economic development process in terms of a diversified and expanded tax base. The public sector must also provide essential utilities and services to support economic development. For these reasons, the public sector should have representation on the new organization. As proposed, each general purpose local government in the Stillwater Area will have one representative. Independent School District No. 834 will have one representative. The school district's role is necessary because of the importance of educational services as an influencing factor in business location decisions and its areawide jurisdiction. Washington County, also an important provider of government services in the Stillwater Area, will have'one representative. - Private Sector A minimum of nine of the twenty -two representatives in the economic develop- ment organization will be from the private sector (i.e., appointed directly by non - government entities). Recognizing the importance of manufacturing as basic economic activity and, generally, as a driving force in local economic development, three of the private sector representatives will be from local manufacturers. Local lending institutions and real estate brokers will each have one representative. The Stillwater Development Corporation, recently formed to address development and redevelopment issues in downtown Still- water, will have one representative. Other business interests will have three representatives. These three should be from retail, service, whole- sale, or other activities not specified above. The Stillwater Area Chamber of Commerce will have an important role in appointing representatives to the Board of Directors. Seven of the nine private sector representatives would be selected by the Chamber. The remaining two representatives would be appointed directly by the groups they represent. - At -Large The third group of representatives may be from either the public or private sector. The only requirement is that the representatives be residents of the Stillwater Area who have expressed interest in the goals and objectives of the economic development organization. This is the smallest of the three groups of representation, but, as proposed, it is a very important one because the Board itself selects the people it feels can best fill the positions. This gives the Board some flexibility by allowing it to choose persons with expertise, interest, and other qualifications which may be lacking among the other nineteen representatives, to emphasize a particular sector of the economy, or to involve other key members of the community's power structure. - 33 - Details regarding the organization of the corporation should be provided in the articles of incorporation and the by -laws of the new group. It is recommended that representatives have staggered three -year terms. This provides continuity among board members, yet three years is long enough for a board member to learn about the organization's activities and to make a substantial contribution. The schedule of appointments for a staggered arrangement might be as follows: Public Sector: 4 appointments in the first year, 3 in the second year, and 3 in the third year. Private Sector: 3 appointments each year At- Large: 1 appointment each year While a twenty- two - member board is not too large to meet and conduct business as a group, it will be advisable to create an executive committee which will consist of a smaller number of members (say five or seven). This committee can call a meeting to conduct general business or address a special issue, if necessary, rather than call a meeting of the entire board. However, the organization should avoid becoming too reliant on an executive committee. To do so might defeat the purpose of the group's representation structure. Regular meetings of the entire board will be essential, and frequent meetings of the full group will be very important during the first year of the organization's existence. One means of establishing the cooperation and coordination among the various entities involved in the local economic development process is through interlocking memberships. An example of the use of interlocking memberships is the inclusion of members of the Stillwater Development Corporation and St. Croix Growth on the Board of Directors of the proposed organization. Interlocking memberships work best when they are the result of formal agreements between or among organizations. Again, the by -laws can address the issue of interlocking memberships, but their use is strongly encouraged. Staffing - The organization's ability to accomplish the stated goals and objectives will be extremely limited without a person or persons who can implement the work program adopted by the organization's Board of Directors. The individuals serving on the board will, in most cases, have full -time jobs and other responsibilities which will limit the amount of time they will be able to devote to the development organizations's work. There will be times when it will be necessary for the board members to be very active in the affairs of the organization. For example, during the group's start -up period, board members will have to devote a lot of time to get things off and running and headed in the right direction. Also, there will be some projects and programs in which the active participation of board members will be critical (e.g., visits by representatives of business prospects, negotiation on deals, fund - raising). However, the organization will not be able to implement a substantial economic development work program without staff. - 34 - The costs of establishing a staff position to serve the organization are likely to comprise the majority of the group's annual budget. The ability -- to hire a full -time professional staff person will depend on the resources available to the organization, but the hiring of a full -time economic development professional is recommended, if sufficient resources can be raised. Although other options exist, hiring a full -time staff person is the preferred alternative for several reasons. It will enable the new organ- ization to get going and become active and doing things faster. The proposed new development organization will have a certain amount of "catch- ing up" to do because other communities in the region already have organiza- tions and programs in place. Establishing a full -time position will enable the Stillwater Area to "catch up" faster. With a full -time staff person there is always someone there to field calls, and with a full -time position the organization should simply be able to do more than with other staffing options. Two other staffing options are establishing a part -time position and contracting with another organization (e.g., HRA, consulting firm) for services. These are likely to require a smaller budget than a full -time position. Given the amount of work involved in getting organized and operating a program to meet the needs of a community the size of the Still- water Area, the new organization may not be as effective as it could be with a part -time staff or with contracted services. During the past'ten to fifteen years a professional specialty in economic development has evolved as local organizations have become more active in seeking new development and in business retention and expansion. If the new organization proceeds as recommended and creates a full -time staff position, there are several qualifications that should be given consideration. Experience in local economic development, with demonstrated results will be critical. A minimum of two years experience is preferred. Good work experience is probably more important than formal training, but educational background should be considered. Degrees in business administration, economics, planning, marketing, and finance can provide a good background and some of the essential skills. However, none of these degrees indi- vidually will provide a well- rounded education for an economic development professional. A number of institutions and organizations offer professional training in industrial and economic development, and development finance, leading to recognized certifications. Specialized training and a certifica- tion is a "plus," but not an essential qualification. other qualifications which will be important are: - good communications skills, oral and written - good organizational skills, ability to do many things at once - experience working for a board with diverse representation - ability to work alone, with little direct supervision, but within policies and programs set by board - knowledge of how businesses make location and expansion decisions - knowledge of business financing and familiarity with government pro- grams and development tools - 34 - Economic Development Implementation Activities There are several levels of activity in which an economic development organization can get involved. Some development groups take a relatively passive role in the economic development process, merely gathering facts and figures and key data items required by businesses. There is a genuine need for someone to fill this role in most communities, including the Stillwater Area. At the other extreme are those organizations which have multiple -ac- tivity implementation roles which might include operating a business incubator facility or taking equity positions in start -up businesses. The following list of economic development implementation activities is intended to demonstrate the wide variety of roles which organizations can and do perform. An individual organization might limit itself to one activity or group of activities, or several types of activities. Generally, though, a local economic development organization is involved in at least two types of activities: information /clearinghouse and marketing. The extent to which an organization becomes involved in other activities depends on local goals and objectives, financial resources, political acceptance, and other factors. on the following list, those activities which the new economic organization in the Stillwater Area should consider taking on with a " +". Following the list, the activities recommended fo organization are explained further. Information /Clearinghouse • Statistical data • Profiles /brochures • Industrial /Commercial property inventory • Maps • Inter - agency coordination Planning/Research + Sponsor prepare economic development strategy Sponsor /conduct special studies Marketing • Distribute promotional materials • Seek /contact prospects • Coordinate prospect visits • Media advertising Coordinate marketing trips • Mailings to prospects Displays at trade shows Financial Assistance Coordinate /package loans (e.g., SBA) Revolving loan funds Industrial revenue bond packaging Tax increment finance packaging Special loan funds (start -ups, retention) development are indicated r the new - 35 - Land write -downs Assistance in getting private financing Technical A ssistanc e to Busines Provide /coordinate management /skills + Business retention contacts Lobby for improved business climate Roundtables on business climate Business consultant referrals Market research for local firms Sponsor exporting /gov't. procurement seminars Business planning Labor training programs Entrepreneurial Development Distribute small business training manuals Sponsor entrepreneurial training programs Feasibility analysis assistance Ombudsman for new business Lobby for lower capital costs Sponsor business incubator Sponsor venture capital companies Real Estate Downtown /industrial district redevelopment + Industrial /commercial site selection /planning Land banking Industrial /commercial site financing Industrial park management Industrial park ownership Industrial malls The activities on which the new organization should concentrate its efforts are principally in two of the functional areas on the above list: Informa- tion /Clearinghouse and Marketing. However, the new organization should have an on -going Planning /Research function, and should be involved with some activities in the functional areas of Technical Assistance to Business and Real Estate. These activities are described below. Information /Clearinghouse Activities - These are, perhaps, the most basic of economic development activities, but they are essential. Businesses and investors will require detailed factual information about the Stillwater Area before making a decision to locate or expand in the community. A basic profile or fact sheet on the Stillwater Area will include key facts and figures about the community. A basic profile or fact sheet on the Stillwater Area will include key facts and figures about the community. The existing profile of Stillwater is a good example of the type of profile needed, but a new profile must be areawide in scope and must be kept current (updated at least annually). To complement the profile, a brochure on the Stillwater Area should also be developed. The brochure should be "flashier" than the profile, and more - 36 - promotional in nature. The brochure's objective is to highlight the Stillwater Area's key attributes with photographs, graphics, and carefully worded copy. The profile and brochure are key items, but more detailed and extensive information should be gathered and made available to those w o may request it. Information on the local labor market, utilities, tr portation, financial resources, labor training, taxes, zoning, and o er items should be kept in a central location for quick and efficient stribution. The local employer - employment data base developed for economic analysis in Phase One should also be kept up to date. That data base will have many uses by the organization. Another key activity will be an inventory of commercial and industrial land and buildings. This inventory should be developed with the cooperation of local realtors and land owners. This inventory should be linked with or part of the inventory of industrial land being developed by the Saint Paul Chamber of Commerce for the East Metro Area. Inter - agency coordination will also be an important activity, because the new organization will not be everything to everybody. The new organization must work closely with other organizations and individuals, especially in the areas of financial assistance and most real estate activities. The new organization must be able to make direct referrals and bring people together to make decisions. The coordination role extends beyond the local level. It should also involve coordination with the Metro Council, Minne- sota Department of Energy & Economic Development and others. Marketing - One of the principal roles of a new economic development organization in the Stillwater Area will be marketing. It will be necessary to do some broad -based marketing to inform a large audience, at least within the Twin Cities Metropolitan Area, of the virtues of the Stillwater Area and the community's interest in economic development. Marketing efforts of this type, sometimes called the "shotgun" approach are good for establishing initial awareness, maintaining a desired level of awareness, and creating an image of the Stillwater Area among residents and business persons in the Twin Cities region. However, relying solely on a shotgun approach would probably be a mistake. Rather, as explained earlier in the introduction to the target industries analysis, it has become increasingly common for development organizations to concentrate their marketing efforts on specific types of activities (e.g., product /service line, size of firm, growth industries, etc.) or on limited geographic areas. After identifying specific firms within the target industries (lists provided as supplements to this report), there are five basic levels of recruitment: 1. Primary targets located in the Twin Cities region; 2. Primary targets located elsewhere in Minnesota; 3. Secondary targets located in Minnesota; - 37 - 4. Primary targets located in neighboring states (Wisconsin, Illinois, and Iowa); and 5. Secondary targets located in neighboring states. The names and addresses of the firms on the lists were obtained from current manufacturing directories for the respective states. This is the best data base available, but it is not perfect. Problems with mailing addresses are inevitable, but they should be limited to a relatively small percentage of the firms listed. The first form of contact should be a written communication. There should be a cover letter which explains that the firm contacted is a target industry for the Stillwater Area. The letter should express the community's interest in economic development and briefly list the Stillwater Area's attributes. Enclosed with the letter should be a profile and /or brochure on the Stillwater Area. The purpose of the written communication is to make an initial contact, to let the firm know the Stillwater Area is interested in working with them. The second form of contact should be over the phone. This should be a follow -up call timed to come a week to two weeks after the initial written contact. The purpose of this call is to make sure the firm received the mailing and that it reached the person to whom it was addressed. The follow -up phone call also "personalizes" the communication and reinforces the initial expression of interest in the firm. Although the call should be cordial and brief, the caller should attempt to find out if the firm has any plans for expanding or relocating. An invitation should be extended to visit the Stillwater Area. Following the phone contact, it will be important to maintain contact, written or by phone, with the firms every few months to remind them of the Stillwater Area's interest in them. What must be avoided at all costs is a perception that the firm is being pestered. A file, which only need be one sheet of paper, should be kept on the contacts made with .the firm, including dates, means of contact, person /s contacted, and any relevant comments. This process is likey to generate a few viable prospects in the short -term, and a few more in the long -term (if the contacts are maintained), but most of the firms contacted will never express any interest in the Stillwater Area. The process can be frustrating because it can take a long time to see real results, but it usually does lead to results. An important part of the marketing function will be the establishment of a "contact" committee, a committee of the new economic development organiza- tion. The responsibility of meeting with business prospects and others interested in investing in the community should not rest entirely with a staff person. Rather, a small group of community and business leaders must be in place to meet in confidence with prospects to discuss sites, financing r equirements, and This small group must - be able to respond quickly. Although it may not be able to make final decisions on its own, it must be able to bring a deal far enough for the organization as a whole to act on and /or make direct connections with others who are part of the economic development "system." - 38 - The target industries analysis results can also be used to identify activ- ities which merit further study on the part of existing firms and local investors. Marketing to firms outside the Stillwater Area is essential, but it will be important not to overlook potentials offered by'people and businesses already located in the Stillwater Area. The majority of new industrial development at the local level comes from within. That is to say that a very large percentage (some studies say up to 80 percent or more) of new investment and new jobs comes from sources already in the community. It will be important for the results of the target industries analysis to be presented to the community's existing manufacturers and those per- sons /firms who are in a position to invest in new activities. Firms within those industries identified as targets, or within related industries, should be interested in exploring expansion or diversification prospects. Repre- sentatives of these industries should also be helpful in "refining" the results of target industries analysis because of their knowledge of their business. For example, they should be able to offer insights into which niches are most promising within a broader three or four -digit SIC group. Feasibility studies will be necessary to properly assess the potential of specific targets. Such studies may be done by existing industries /investors or the economic development organization may take a lead role if local firms or individuals are not interested in a target which seems promising. Technical Assistance to Business - At least initially, the new organiza- tion should limit its activities in this functional area to a business contact program. The organization's staff person, along with a limited number of persons from the organization's board should call on each of the Stillwater Area's manufacturing firms (and other firms in selected "basic" activities). The first objective of this effort is to open channels of communication and inform local industries of the organization's program. Secondly, information is solicited about the industries so that the organ- ization becomes better informed about the companies in the Stillwater Area, and an attempt is made to identify any problems or needs the firms may have which the organization may be able to assist with. The overall goal of the business contact program is to keep the existing industries in the Stillwater Area and, if possible, to help them expand. Industrial Land - A critical issue for economic development is the Still- water Area's need for industrial land. This is an issue which should be of top priority for the new organization. To understand why the problem is not readily solvable, it is necessary to briefly examine the past history. The Stillwater Area developed along the St. Croix River and as a trade and service center. Manufacturing was present but largely in wood - related products. As the economy evolved, the demand was more for commercial - activities- and residential-sites especially as the Twin- Cities - residents began to discover the attractiveness of the Stillwater Area. Consequently, much of the city's most recent development has been in response to the major sources of demand - -- housing and commercial. Since - 39 the early 1970's, these two activities have dominated the urban growth pattern of the area. At a time when most midwestern communities were actively concentrating on gearing up for the extensive growth in manufac- turing that had been occurring, much of Stillwater Area's attention was given to providing subdivisions and commercial sites to accommodate its growth. For several reasons, this is an overly simplistic synopsis of actual events but yet it adequately and accurately set the stage for the discussion of the issue at hand. Simply put, the area did not have a general awareness of industrial development needs as it planned and implemented its growth. Now as more members of the community are desirous of pursuing more manufac- turing and other industrial development, they find the sites to accommodate these uses hard to find and those sites that are available are relatively expensive. This puts the area at a decided economic disadvantage in this arena. The objective, then, is to identify land suitable for industrial purposes and then to make this property available to the market as quickly as possible. Currently, the only industrial park in the Stillwater Area is the one on the north side of Highway 36 east of the Highway 5 interchange (see map). It originally emcompassed about 300 acres and the remaining vacant land is owned by several separate individuals.' It is strictly a private venture. Development in this "park" ranges from a mini - warehouse to a motel to a proposed mall to a manufacturing plant. Costs per acre range from about $25,000 to over $100,000 for the land. With prices of $2,000 to $20,000 per acre for industrial land in the neighboring communities' industrial parks (most of which are subsidized by local governments), it is not too difficult to understand why the Stillwater industrial park has not realized many manufacturing based locations. Consequently, the owners, seeking a return on their investments, have "opened" the industrial park to whomever can pay the fare. Hence, the industrial park is, in actuality, a commercial park. The mixed use that has evolved as a direct result of the economic pressures on the private owners may also be contributing to the disinterest of manufacturing firms in the industrial park. In an era when most industries are becoming increasingly selective in the types of uses they want to be near, the Stillwater arrangement is disadvantageous to most manufacturing concerns. A recent survey of Wisconsin manufacturing firms that established new plants in the early 1980's found that land price and zoning are among the top concerns in selecting new sites. From these actions, then, the Stillwater Area really can not respond to the needs of most manufacturing firms. To correct for this deficiency in the area's development base, an industrial park is being--encouraged.---In this instance, manufacturing -based activities are being exclusively targeted. A "no frills" industrial park is being recommended that would ideally offer land at more competitive rates ($15- 25,000 /acre) with restrictive covenants precluding mixed -use develop- ments. Several sites have been considered, but the one that offers the greatest appeal would be the site on the south side of Highway 11 36" bounded by Highway 11 5" on the west. In essence, the proposed site is "just across the road" from the existing park. There are numerous advantages to this site, not the least of which being that the two parks can be marketed, advertised and offered together. It would give all prospective industries the view of a well - orchestrated development scheme with a high -end commercial /office park to the north and an efficient, cost - competitive industrial park to the south. The synergism should help both sites be more successful. There is a major problem with the proposed new site. The large site (it may be as large as 640 acres) is not within the Metropolitan Urban Service Area which means it cannot be extended sanitary sewer service. The most realistic timetable suggests the MUSA would be amended /extended to include the proposed park by 1992. While this appears an extensive time lag, the five years can be used to assemble the acreage, plan the park, design its improvements, and formulate the marketing strategy. Well- invested, this time delay can mean the park will be off and running in 1992 with its success imminent. The process could be accelerated by appealing to the Metro Council for a USA boundary amendment and, probably, expanding the municipal treatment facility. Nonetheless, the time delay associated with the MUSA designation means the optimum solution to the lack of manufacturing investment is a long -term one. Obviously, the area desires to be attractive to these types of activities well before 1992. Short -term actions are needed to permit the area to effectively capture new manufacturing investment, income, and jobs. One item to concentrate on is to find and acquire smaller sites that are suitable for light manufacturing purposes. About 40 acres may be sufficient to accomodate the level of interest until the MUSA extension is obtained. Not only would this serve as a stop -gap until the optimum solution can be activated, but would also serve as an indicator of market demand conditions for low -cost industrial land in the area. This will provide valuable insight into the sizing and phasing of the larger industrial park. A preliminary investigation of potential sites suggests that it may be difficult to find a site of suitable size. Smaller parcels may exist in the Stillwater Area, but there are advantages to establishing a large develop- ment. Another possible short -term solution is to re- assess the zoning ordinance with respect to the existing industrial park. The current zoning is too permissive and this may discourage the type of investment the area is pursuing. Land within the "park" that is currently developed should be rezoned into more specific classifications reflective of actual uses. Then those areas which are largely vacant should be-reviewed- The ordinance governing the use of these vacant areas should be considerably more restrictive eliminating most non - industrial uses permitting only manufacturing, office, research and support service uses. This will - 41 - effectively establish an "industrial preserve" which will do much to remove the negative influence of the competing land use pattern on the location decision. Hence, the attractiveness and value of the property should increase. While such specific rezoning will not address the exclusionary influence of the relatively high price of the property, it should eliminate the issue of "no control over who's going to be my neighbor." Consequently, the current industrial park would become more attractive to the high image, high "tech" firms of the Twin Cities; those firms for whom land acquisitiion costs are not likely to be a signifcant factor in choosing a new location. Therefore, there appears to exist an economic opportunity to justify the. process of rezoning the existing industrial park. Doing so may not only improve the Stillwater Area's ability to attract manufacturing firms.•but may also aid in the owners' decision to "move their property. Once the issues of additional acreage and rezoning have been agreed upon, the Stillwater Area needs to consider more effective methods.of marketing these facilities. It is quite important that those responsible to market the sites are also those who have the authority to negotiate on the terms and conditions of sale, or at least that there is a very close linkage. This will improve the effectiveness of the overall effort. Elsewhere in this report the issue of what "structure" is appropriate is discussed. It is necessary to point out that whatever organizational structure is adopted that this organization be prepared ultimately to acquire, own, develop, market and sell land and to administer the total industrial development program. Anything less than this will reduce the effectiveness of the effort. Budget and Funding - The budget requirements for the new economic develop- ment organization largely depend on the staffing alternative selected. If the organization proceeds as recommended and hires a full -time economic development professional, an annual administrative /operational'budget of $50,000 - $60,000 will be required. This is a large amount of money for a community the size of the Stillwater Area. However, many other communities of similar size have established programs with budgets in the same range. The principal line items in the budget will relate to the staff position and to marketing efforts (particularly profile /brochure development, advertising, and other expenses related to making contacts with prospects). Based on evaluations of budgets of other local economic development organi- zations, these line items may comprise,75 to 80 percent of the annual budget. Administrative costs may be kept to a minimum by sharing office space, clerical support, and other expenses with the Stillwater Area Chamber of Commerce. This would help to maintain the desired affiliation with the Chamber. Similar shared administrative cost arrangements are common and can be beneficial organizations: - - -- - -- Funding the organization's operational budget will require commitments from both the private sector and local governments in the Stillwater Area. A 50/50 split in funding is common, although proportional contributions vary - 42 - J Map 2 Lands Zoned Industrial Park — — jP--C Industrial Park - Commercial -------- • -• - -- JP4 Adustrl l _Pork Industrial ��tr►•� Industrial Park - Commercial J I o .00 soo � Taken from City of Stillwitir Official Zoning Map widely. It will be important to get multi -year commitments for funding, if possible. This is critical for at least two reasons. First, the newly formed organization will have many other concerns to address as it gets started. To worry about funding too much would require the organization to spend less time and effort on its principal objective: economic develop- ment. Second, while there will be visible results and benefits from the new organization's efforts in the short -term, major benefits are likely only in the long -term. The new organization should not be judged too critically if it is unable to accomplish major feats in a short period of time. It may be possible to obtain financial support from other agencies and organizations. For example, Private Industry Councils are providing limited funding for local economic development, especially for activities which will lead to the creation of jobs for the unemployed. Summary - This part of the Stillwater Area Ecomomic Development Strategy started with a listing of goals and objectives. These goals and objectives provide the framework for the overall strategy. The goals deal with business retention, economic diversification, economic expansion, and guiding economic development to those parts of the Stillwater Area that want it. The fifth goal deals with the need to establish an effective economic development "system" in the Stillwater Area. An objective relating to this goal is to create a broad -based economic development organization with planning and implemenation responsibilities in the Stillwater Area. Several types of organizations were considered. A recommendation was made that a private non - profit corporation be established as the lead agency for economic development in the Stillwater Area. The Board of Directors for the new organization, as proposed, would consist of twenty -two members from throughout the community. Ten members would come from local government (including the county and school district), nine members would come from the private sector, and there would be three "at- large" members. The new organization should have a full -time economic development professional to direct its work program. The principal implementation activities of the new organization are in the functional areas of Information /Clearinghouse and Marketing. The marketing activities should concentrate on using the results of the target industries analysis. The issue of industrial land in the Stillwater Area must also be a priority for the new organization. A two prong strategy for industrial land is recommended. The existing "industrial park" should be marketed as a high -end commercial /office park, and a new "no- frills" industrial park should be established south of Highway 36 and east of Highway 5.