a great place. - lindstromsmall business development center (sbdc): a free and confidential service...

12
City of Lindström | Economic Development Authority |13292 Sylvan Ave Lindstrom, MN 55045 | (651) 257-0620 | www.lindstrom.mn.org A Great Place.

Upload: others

Post on 22-May-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up

City of Lindström | Economic Development Authority |13292 Sylvan Ave Lindstrom, MN 55045 | (651) 257-0620 | www.lindstrom.mn.org

A Great Place.

Page 2: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up

Välkommen till Lindström! -Welcome to Lindstrom-

Welcome!

Thank you for taking the time to consider the City of Lindstrom. If you are reading this, you have

taken the first step to what we believe will make your business successful. Our location, educated

workforce and access to the metro area and to a large local population will provide you the opportunity

to grow your business. Here’s why; Lindstrom is located an easy 35 minute drive from the metro area, our

median household income is above the average at $65,739, we have educated residents as 59% of the over

25 year old population living within 10 minutes of the City have some college with 35% of those having

Associate Degrees and above, and there are 77,000 potential customers that live within 20 minutes of our

City. If you locate your business here you will have all these advantages to work with.

But, don’t just bring your business; we’d love to meet your family. We boast easily accessible rec-

reational activities including; skiing, hiking, fishing, canoeing, snowmobiling, hunting, and boating on our

many lakes. Lindstrom also has a great supply of affordable housing in many different lifestyle options

and economic levels. And, the Chisago Lakes School District is one of the best in the State.

Your business and your family will love being in Lindstrom. Please, take the time to investigate

our undiscovered opportunities. You’ll be surprised at what we have to offer.

Respectfully,

Keith V. Carlson

Mayor of Lindstrom

In these pages you will find

the information, resources and

organizations that will help

connect you to Lindstrom. Location

Community Profile

Downtown Lindstrom

-Swedish Heritage

-Testimonials

Business Resources

Local Banks & Credit Unions

Who to Contact

Available Sites &

Additional Information

Page 3: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up

Nearly 18,000

cars pass

through

Lindstrom

each day

Just 35

minutes to the

Minneapolis

St. Paul

Metro

Lindstrom

or bust!

Minneapolis/St. Paul

Page 4: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up

COMMUNITY PROFILE POPULATION

City of Lindstrom 4,442

10 minute radius¹ 16,337

20 minute radius¹ 76,473

30 minute radius¹ 177,220

AGE DEMOGRAPHICS

Median Age 39.1

Population 18+ 37.6%

RACE/ETHNICITY

White 97%

Two or more races 1.4%

Hispanic or Latino 1.2%

Asian 0.6%

African American/Black 0.4%

American Indian or Alaskan Native 0.2%

Other 0.3%

EDUCATIONAL ATTAINMENT

18+ High School Graduate or Higher 91.6%

18+ Bachelor’s Degree or Higher 28.5%

HOUSEHOLDS

Family Household 71.3%

With own children under 18 23.7%

Non-Family Household 28.7%

Owner-Occupied Housing 84.7%

Renter-Occupied Housing 15.3%

Median Home Value $202,200

HOUSEHOLD INCOME

City of Lindstrom– Mean Income $64,268

City of Lindstrom– Median Income $54,014

10 minute radius¹ $65,739

20 minute radius¹ $65,947

30 minute radius¹ $73,480

EMPLOYMENT BY INDUSTRY

Agriculture, forestry, fishing and hunting, mining 1.4%

Construction 9.9%

Manufacturing 14.5%

Wholesale trade 3.1%

Retail trade 5.3%

Transportation and warehousing, utilities 2.2%

Information 1.1%

Finance and insurance, real estate, rental and leasing 4.9%

Professional, scientific, management, administrative services,

waste management services

9.3%

Educational services, health care, social assistance 33.7%

Arts, entertainment, recreation, accommodation, food services 7.5%

Public administration 4.9%

Other services 2.3%

MAJOR EMPLOYERS IN CHISAGO LAKES AREA² # employees

Fairview Health Services (Whole of Chisago County) 1,250

Hazelden Betty Ford Foundation, Center City MN 800

School District 2144, Lindstrom MN 560

Chisago County, Chisago City MN 300

Shafer Contracting, Shafer MN 257

Plastic Products, Lindstrom MN 150

Wild Mountain, Taylors Falls MN 150

Brink’s Market, Chisago City MN 52

Kendall Howard, Chisago City MN 44

Haus Specialty Manufacturing, Chisago City MN 36

Smith Metals, Center City MN 24

Sven Clogs, Chisago City MN 18

All figures from U.S Census Bureau unless otherwise noted.

(1) Greater MSP Market Profile 2014

(2) Chisago County HRA/EDA

Page 5: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up
Page 6: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up

BUSINESS TESTIMONIALS Renee Lynn Photography & In the Moment Boutique

“I chose to expand from photography to a boutique because of the great retail opportunities in Lindstrom .” - Renee Lynn Dabill

Meredee’s Bistro “Moving to Lindstrom helped my business expand tremendously.” - Shelly Refshaw

Page 7: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up

Up North Fine Art Gallery “I’ve been in Lindstrom many years and find it the place to do business in Chisago County.” - Mary Ann Jindra

Northwood’s Roasterie “I am building community in Lindstrom, one cup at a time!!” - John Renaker

Page 8: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up

Mission: Increasing quality commercial developments, while preserving a small town atmosphere.

Development Assistance:

Tax Increment Financing/Tax Abatement

Fascia improvement loan

City owned redevelopment sites

Listing of available sites and buildings

Assistance through the city’s development process

www.cityoflindstrom.us/eda.htm

(651) 257-0620

Provides assistance to new and expanding businesses throughout the county

Business Assistance:

Site Selection

Financial Packaging

Referral resource for federal, state, regional and local programs

Small Business Development Center (SBDC):

A free and confidential service for start up and established small business owners

Business Planning

Marketing

Start-up

Research

Loan Packaging

www.chisagocounty.org

(651) 674-5664

Mission: Create and promote a healthy business environment

to enhance our communities for opportunity and growth.

Opportunities:

Networking

Marketing

www.chisagolakeschamber.com

(651) 257-1177

Business Resources LINDSTROM ECONOMIC DEVELOPMENT AUTHORITY (EDA)

CHISAGO LAKES AREA CHAMBER OF COMMERCE

CHISAGO COUNTY HRA/EDA Housing and Redevelopment Authority and Economic Development Authority

Page 9: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up

Regional Center: Cambridge, MN

Workforce Assistance:

Helps area businesses find the skilled workers they need

Helps job seekers find employment

mn.gov/deed/job-seekers/workforce-centers/

(763) 279-4492

Goals: To create/retain jobs, strengthen regional tax base, and create wealth within

our region.

Lending Programs:

Revolving Loan Fund: Gap financing with a lending range of $10,000-60,000

Micro Loan Fund: Lending range of $1,000-50,000 with flexible repayments

up to ten years

www.region7erdc.org

(320) 679-4065

The Initiative Foundation’s business loans work to strengthen communities and diversify

Local economies.

Certified Community Advantage Lender with loans between $25,000

and $150,00.

Loans offered to entrepreneurs who wish to start or expand a locally owned business, have

a sound business plan and acceptable credit, create quality jobs with living wages and

benefits, and advance local and regional goals for target industries.

www.ifound.org

(877) 632-9255

Exploring. Starting. Managing. Growing. “No matter the stage, we’ve got the right tools

and expertise to help your business start strong and stay strong.

Assistance:

Exporting and Trade

Business Guide Books

Financing a Business

Finding Employees

www.mn.gov/deed/

EAST CENTRAL REGIONAL DEVELOPMENT COMMISSION (ECRDC)

MN DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED)

WORKFORCE CENTER

INITIATIVE FOUNDATION

For a more complete list of local, regional and state

resources, visit the Chisago County HRA/EDA website:

www.chisagocounty.org

Page 10: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up

LOCAL FINANCIAL

INSTITUTIONS LAKE AREA BANK

12790 N 1st Ave

Lindstrom, MN 55045

651-257-1117

www.lakeareabank.com

SECURITY STATE BANK

OF MARINE

30626 Lincoln Rd

Lindstrom, MN 55045

651-257-4141

www.themarinebank.com

U.S. BANK

11493 Lake Lane

Chisago City, MN 55013

651-257-9074

www.usbank.com

CENTRAL BANK

11151 Lake Blvd

Chisago City, MN 55013

651-257-6561

www.centralbnk.com

FOLDER

CONTACT US

FOR MORE

INFORMATION:

City Administrator

City of Lindstrom

13292 Sylvan Avenue

Lindstrom, MN 55045

651-257-0620

[email protected]

www.lindstrom.mn.org

Page 11: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up

FOLDER

Page 12: A Great Place. - LindstromSmall Business Development Center (SBDC): A free and confidential service for start up and established small business owners Business Planning Marketing Start-up