First Stop Shop Updates
Volume 4, Issue 7 - October 2016
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In This Issue

Upcoming Events of Possible Interest

>> 10th Annual MNCAR Expo - Wednesday, Nov. 9th at 3:00 PM (3:00 PM Program, 4:00 PM - 7:00PM Expo) - Register HERE
>>  2016 Industrial and Economic Development Annual Summit (8:00 AM - 12:00 PM) - Register HERE
Quick Updates
Things have certainly been busy around here - hence the missed September newsletter. There is a lot going on and I didn't want to wait until the end of October to share, so here you go a week early!
Business Development Specialist

The First Stop Shop Business Development Specialist Position posting closed on August 29. We are looking forward to having someone new on board in early November!  

Maxfield Housing Study
From August into October, Maxfield was provided a number of comments from each of our cities and the county. They have worked to incorporate city comments into the report and the next round of review is currently underway. 
Xceligent Industrial Market Report (Q3, 2016)

Xceligent is a leading provider of verified commercial real estate information which assists real estate professionals, appraisers, owners, investors, and developers that make strategic decisions to lease, sell, buy, and develop commercial properties. Xceligent, in partnership with the Minnesota Commercial Association of Realtors (MNCAR) has developed an Industrial Market Report for the 3rd Quarter, 2016 in the Minneapolis-St. Paul region.

Two notable Scott County build to suit projects contributed 450,000 sf of positive absorption in the market this quarter (Milestone AV Technologies and AmerisourceBergen, both in Shakopee). The total vacancy rate continues its downward trend dropping to 8.7% for the third quarter. The vacancy rate in the southwest market is the lowest at 6.9%.     

If you're interested in seeing the full report, click here:
Xceligent Industrial Market Report
Economic Development Incentive (EDI) Grants - 2017

The Economic Development Incentive Grant Program (the “EDI Program”) was established in March of 2014 and is funded by the Scott County Community Development Agency (CDA).  The goals of the EDI Program are to facilitate the creation of jobs, increase the tax base and improve the quality of life in Scott County through two specific strategies:  Corridor Readiness and Technical Planning Assistance.
  • Corridor Readiness.  This program is intended to assist communities in completing land use, transportation and environmental studies and contracted planning services that are intended to maximize development and/or redevelopment opportunities and the investment of capital within the top ten commercial corridors as established by the SCALE Transportation and Economic Development Committee.  
  • Technical Assistance.  This program is intended to provide funding for those projects that will enhance economic development activities with the goal of achieving new job creation in Scott County.  
Funding Available:  $340,000 is available in 2017 for grants provided under the EDI Program. In 2017, $250,000 in funding shall be set aside for the Corridor Readiness Program and $90,000 shall be set aside for the Technical Assistance Program. The CDA reserves the right to modify the allocations to each program based on applications received.

Eligible Applicants:  Eligible applicants for this program are Scott County and the seven incorporated cities within Scott County (Belle Plaine, Elko New Market, Jordan, New Prague, Prior Lake, Savage, and Shakopee). Applicants may apply annually for funding in each program category and may also be eligible to receive a grant award in each program category.

Applicants are not eligible to receive funding within either program category for more than two consecutive years. The city of Jordan received Corridor Readiness grants in 2015 and 2016, therefore is not eligible for Corridor Readiness grants in 2017. Additionally the city of Elko New Market received Technical Assistance grants in 2015 and 2016, therefore is not eligible for a Technical Assistance grant in 2017. The CDA reserves the right to modify the eligibility of any city based on applications received and the total funding requested.

The applicant shall submit an electronic copy only of the application. The electronic application should be submitted to Stacy Crakes, First Stop Shop Business Development Director, at and must be received no later than 4:00 p.m. on Friday, November 4, 2016. Project should be complete no later than December 31, 2017. Complete application information is available on our website - click here.
Below is a brief summary of the items the FSS has been working
on over the past quarter (July – Sept):

    SCALE 50 by 30 Planning Meetings 
    SCALE 50 by 30 Workforce Group Planning and Meetings
    SCALE 50 by 30 Website updates
    Elko New Market Industrial Park inquiries
    Prior Lake Discussions – Technology Village
    State Bank of Belle Plaine meeting
    Maxfield Housing and C/I studies
    Lead Responses
    Marketing Proposals
    FSS Monthly Newsletters
    FISH Meeting with Bethany Tjornhom
    Technology Village Meeting
    Belle Plaine FSS Meeting
    Savage FSS Meeting
    SCALE Tech Team Meetings
    Salesforce Updates
    Salesforce Security Updates
    Google Drive Updates
    Downtown Shakopee Meeting
    Open to Business Meeting in Belle Plaine
    Open to Business Meetings
    Shakopee Leaders Group Meeting
    Greater MSP Partner Advisory Council Meeting
    Scott County Board Meeting – Levy Presentation
    DEED/Elko New Market Meeting
    FSS Job Posting
    FSS Job Position – Phone Interviews
    Information Requests
    MNCAR Property Listings Management

FSS Contact Info

Stacy Crakes, P.E.  | 952.496.8613 | Email
Copyright © 2016 Scott County CDA, All rights reserved.

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