Economic Development Summit February 23, 2008

Source: MN State Demographer

Source: 2006 MN Department of Revenue

Source: 2006 MN Department of Revenue

For every $1 in property taxes paid by a residential property, $1.17 in services is received.

For every $1 paid in property taxes paid by a commercial/industrial business, only $0.27 in services is received.

Source: American Farmland Trust

Chisago City 5.23%%

Center City 5.91%

Lindstrom 5.92%

Taylors Falls 7.39%

Harris 8.69%

Shafer 9.17%

North Branch 13.26%

Minnesota State Average 16.33%

Rush City 17.96%

Wyoming 20.45%

Stacy 21.98%

Source: League of MN Cities 2007

2 out of 3 work of the working residents in Chisago County commute outside of the county to work each day

Impacts local businesses, impacts community, schools, organizations

Impacts disposable income, .50 cents a mile to drive according to IRS ($200/week or $10,400 per year to St. Paul)

WI Governor Letter to MN Businesses

Save 50% on Property Taxes Save 40% on Workers Comp Rates Save 20% on Corporate Income Tax Lower Sales Tax Free Land Business Incentives Osceola Industrial Park

Chisago City – 20 Acres (& Infrastructure) Wyoming – 14 Acres Stacy – 20 Acres (Infrastructure) North Branch – 93 Acres Rush City – 72 Acres Lindstrom, Center City, Taylors Falls,

Chisago City, Rush City Additional Land

Township took over zoning & is updating its comp plan

Rural Transit Center is underway with a new gas station/convenience center at the County Road 17 Interchange

100,000 Square Foot Building

70 Existing Employees

70 New Employees

$4.5 million Investment

Chris EngExecutive Director

Chisago County HRA-EDA38883 7th Avenue

North Branch(651)674-5664

chris@chisagocounty.org