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The Chisago County HRA-EDA Economic Development Summit, held on February 23, 2008, provided vital insights into the historical population trends and commercial/industrial market values. Attendees learned the impact of property taxes on services received, as residents receive more services per dollar than commercial businesses. Key discussions included the challenges of commuting and its effects on local economies, alongside opportunities for growth in various business parks. The program aimed to stimulate community engagement and improve economic conditions in Chisago County.
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CHISAGO CountyHRA-EDA Economic Development Summit February 23, 2008
Historical PopulationChisago County Source: MN State Demographer
Commercial/Industrial Market Values – Chisago County Source: 2006 MN Department of Revenue
Commercial/Industrial Market Values – State Average Source: 2006 MN Department of Revenue
Property Taxes Paid vs. Community Services Received • 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
Commercial/Industrial Market Values as a Percent of the Total Source: League of MN Cities 2007
Commuters • 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)
Wisconsin • 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 County HRA-EDA Business Park Development Program • 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
Lent Township • 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
Wyoming/Wyoming Township • 100,000 Square Foot Building • 70 Existing Employees • 70 New Employees • $4.5 million Investment
Thank You! Chris Eng Executive Director Chisago County HRA-EDA 38883 7th Avenue North Branch (651)674-5664 chris@chisagocounty.org