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Brochure highlighting benefits of economic development in Staples, MN

Brochure highlighting benefits of economic development in Staples, MN

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Grow with us!<br />

S T A P L E S<br />

E C O N O M I C<br />

D E V E L O P M E N T<br />

A U T H O R I T Y


Staples<br />

25 miles<br />

Welcome to Staples! I invite you to explore all the<br />

opportunities our city has for your business.<br />

From a history of solid planning, commitment, and<br />

investment, Staples is projecting a strong future of<br />

growth and economic vitality.<br />

Our city has made large investments in infrastructure.<br />

Residents enjoy countless recreational and cultural<br />

opportunities. Our school district offers our children<br />

75 miles<br />

a well-rounded education along with amazing<br />

opportunities to excel. Lakewood Health System is<br />

2<br />

Staples is located at the intersection of Highways 10<br />

and 210 – in the heart of Minnesota. The location gives<br />

easy access to major metropolitan areas and allows<br />

Staples to retain its independent business community.<br />

125 miles<br />

recognized as one of our state’s best. Central Lakes<br />

College has an active, well-respected branch in Staples.<br />

This is an exciting time for our Central Minnesota city.<br />

Be a part of the adventure – as a new business owner.<br />

Contact our <strong>SEDA</strong> office today to inquire about<br />

starting or relocating your business.<br />

We look forward to working with you!<br />

INDEX pg 2 - LOCATION pg 3 - WELCOME pg 4-5 - CITY DEVELOPMENT pg 6-7 - BUSINESS HIGHLIGHTS pg 8-9 - DEMOGRAPHICS pg 10-11 - <strong>SEDA</strong><br />

Chris Etzler - MAYOR, <strong>SEDA</strong> PRESIDENT<br />

Grow with us!


The City of Staples has been busy<br />

constructed. Staples also partnered<br />

Residents and business leaders started<br />

Staples is well served by busy highways, the BNSF Railroad<br />

over the last 10 years. During this time, the<br />

with the MN Design Team for visual<br />

a Staples Thriving Communities Initiative<br />

and the Staples Airport. Approximately 10-15,000 vehicles*<br />

City built a new water treatment plant, a<br />

improvements.<br />

(STCI). The three STCI task force focus<br />

pass along highways 10 and 210 daily. The airport has a 3,300<br />

new city hall and library, and a new police<br />

station. MnDOT realigned Highway 10<br />

through town. The City and local businesses<br />

made investments and improvements<br />

along the new highway.<br />

A new highway overpass was<br />

As businesses continue to expand and<br />

job projections increase, Staples is now<br />

planning for growth.<br />

In 2016, the city completed a housing<br />

study to assess present and future needs.<br />

areas are Quality of Life, Skilled Workforce,<br />

and the Economy. A comprehensive<br />

city visioning guide is currently being<br />

completed. Find information about<br />

GoStaples 2035 on the City’s<br />

website (staples.govoffice.com).<br />

ft hard surfaced runway lit with an instrument approach and<br />

taxi way. It is located next to an expanding industrial park.<br />

Within the 154-acre industrial park, the city owns and<br />

maintains a 15,000 sq ft incubator building. This industrial<br />

building has four bays with ample electrical access. Rental<br />

rates start at $4.00/sf/yr. Industrial and manufacturing<br />

incentive packages may be available.<br />

Build or lease options are available in Staples for businesses<br />

of all sizes. The city has open commercial and industrial lots<br />

along with office space and storefronts.<br />

“Staples has proven to be a great, central location for<br />

our staff as well as the education, government, and<br />

nonprofit members we serve. The local community is<br />

supportive and provides a much sought-after lifestyle<br />

for the professionals we employ.”<br />

Dr. Chad Coauette - NJPA<br />

*The numbers shown are from the last count in 2014. For current traffic counts,<br />

please refer to MnDOTˆ’s website at http://mndotgis.dot.state.mn.us/tfa/Map<br />

Grow with us!


“The Timberlake Hotel is built in Staples because our<br />

family saw potential in the market and a very vital<br />

community that is willing to support new innovation<br />

and business development. That is a winning synergy!”<br />

Mary Ives – TIMBERLAKE HOTEL<br />

Open for business!<br />

<strong>SEDA</strong> actively works to attract, develop and support<br />

economic growth – startups, franchises, company<br />

expansions, industrial, and manufacturing.<br />

The new Timberlake Hotel opened for guests in<br />

mid-2017. The hotel has 52 rooms including extended<br />

stay suites, king suites and spa suites in addition to<br />

standard rooms. Timberlake Hotel also manages a newly<br />

refurbished restaurant and event center in Staples.<br />

Our businesses are growing! Our largest employers are projecting to hire an additional 300-400 people over the next 5 years.<br />

Lakewood Health System, Stern Rubber, our largest National Joint Powers Central Lakes College<br />

a nationally recognized and manufacturing business, is Alliance (NJPA) has just invested in a comprehensive<br />

award-winning healthcare set for expansion in 2017. completed an expansion remodel of its Staples Campus<br />

facility, is in the process of Stern anticipates hiring an which doubled the size of in 2016 to facilitate its strong<br />

a $15M expansion.<br />

additional 200 employees their facility. NJPA plans to course offerings in agriculture,<br />

Lakewood is planning to over the next 3-5 years. hire an additional 80-100 energy, manufacturing, and<br />

hire approximately 100 new<br />

employees in the next<br />

heavy equipment.<br />

employees over the next<br />

three years.<br />

five years.<br />

“Lakewood continues to grow because the people who work there are passionate about what they do and strive<br />

continuously to meet the needs of our patients and residents. They are people who care and get involved which makes<br />

the Staples area a great place to live and raise a family. Working and living with people you can always count on makes Staples<br />

a very special place.”<br />

Ti mRi c e – LAKEWOOD HEALTH SYSTEM<br />

A new townhome development, creating 34 rental units,<br />

was also completed in 2017. The Pullman Townhomes<br />

were created in direct response to needs identified in the<br />

City’s recent housing study.<br />

Grow with us!


values in a<br />

f products sold<br />

each category’s<br />

TOP EMPLOYMENT BY INDUSTRY<br />

PARTICIPANT<br />

Healthcare/Social Assist:1546<br />

Educational Services: 430<br />

Manufacturing: 255<br />

Fundraiser Results by Salesperson<br />

Retail Trades: 207<br />

Information:157<br />

UNITS SOLD<br />

Graduate Degree 10<br />

Some High School 13<br />

Graduated High School 35<br />

Associates Degree 21<br />

Bachelor’s Degree 22<br />

Median<br />

Age: 39<br />

POPUL ATION:<br />

3004<br />

(2016 count)<br />

Age 18+: 2313<br />

Daily Commuters<br />

Traffic Count<br />

(MnDOT 2014)<br />

2,000 *<br />

HWY 10 - 10,000<br />

vehicles passing daily<br />

HWY 210 - 5,800<br />

vehicles passing daily<br />

Life in Staples<br />

Living and working in Staples means more time and energy to enjoy<br />

life - not just sit in your car! Use your former commute time to be<br />

home earlier, see your kids’ games, attend a play, or go tubing down<br />

the Crow Wing River!<br />

22<br />

Degree Bachelor’s Degree<br />

$<br />

HOUSEHOLD INCOME<br />

Median $36,523<br />

Average $46,351<br />

HOME VALUES<br />

Median $96,875<br />

Average $114,043<br />

21%<br />

22%<br />

Pie Chart<br />

*<br />

MN DEED<br />

Additional community profile data for the city of Staples can be found on toddcountydeveloment.org/communities.<br />

10%<br />

35%<br />

13%<br />

Graduate Degree<br />

e<br />

Some High School<br />

Graduated High School<br />

Associates Degree<br />

Bachelor’s Degree<br />

Graduate Degree<br />

Some High School<br />

Graduated High School<br />

Associates Degree<br />

Bachelor’s Degree<br />

Grow with us!


Business Financing Partners<br />

3 MN DEED financing and tax incentive programs<br />

3 Tax Increment Financing<br />

3 Todd County Development Corporation<br />

3 Initiative Foundation<br />

3 North Central Economic Development Association (NCEDA)<br />

3 North Central Small Business Development Center<br />

3 Todd-Wadena Electric Cooperative<br />

3 Building Incentives<br />

3 <strong>SEDA</strong> loan funds<br />

3 Competitive local banks<br />

From idea to business launch, <strong>SEDA</strong> has the<br />

resources and experience to help bring your<br />

business to life. <strong>SEDA</strong> works to partner with<br />

Staples’ business community for long-term<br />

success: attract and start new businesses;<br />

assist existing businesses with expansion<br />

needs; and use financing and incentive<br />

programs where possible.<br />

3 Start Up Planning and Education<br />

3 Business Consulting Services<br />

3 Commercial and Industrial Lots<br />

3 Office and Storefronts Available<br />

“Stern Rubber originally moved to Staples, and has continued<br />

to invest in the Staples facility, mainly due to the support of the<br />

community, including the City of Staples, and <strong>SEDA</strong>.“<br />

Bob Jackson – STERN RUBBER<br />

Grow with us!


FIND OUT MORE:<br />

staples.govoffice.com<br />

greaterstaples.com<br />

mn.gov/deed<br />

staplesmotleychamber.org<br />

toddcountydevelopment.org<br />

clcmn.edu/small-business-development-center<br />

S T A P L E S<br />

E C O N O M I C<br />

D E V E L O P M E N T<br />

A U T H O R I T Y<br />

Melissa Radermacher<br />

l<br />

(218) 894-2550 mradermacher@ci.staples.mn.us<br />

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