Agenda - Economic Development Authority - 03/15/2015

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ACG Potential Prospects for Business Park If rail oriented prospects are unlikely to locate in the proposed business park, what types of businesses will find the location attractive? The first step in determining potential prospects for the Ramsey Business Park is to determine which industries could be most successful at this location. They are called potential prospects at this stage for that is what they are until there is confirmed interest. Anoka County has a high incidence of skilled and semi skilled technicians and a livability standard that makes the area attractive to companies who employ people with these skill sets. Companies searching for sites today rank access to a skilled workforce as one of their primary concerns. Sites and capital can be obtained in many places. Finding a labor force at a reasonable cost with the skills that the company needs can mean the difference be- tween success and failure. Businesses that match well with the Anoka County workforce can be identified by their NAICS code. All businesses in the United States are classified using the North American Industry Classification System ( NAICS). This system is the standard used by Federal statistical agen- cies in classifying business establishments for the purpose of collecting, analyzing, and pub- lishing statistical data related to the U.S. business economy. Industries that are compatible with the skills of the Anoka County workforce would likely include the following: C ODE NAICS 6L— 332 DESCRIPTION _Me Fabricated Metal Products • COUNTY ESTABLISHMENTS 205 333 Machinery Manufacturing 84 339 Miscellaneous Manufacturing 63 323 Printing and related supplies 50 337 Furniture and related products 45 326 Plastics and rubber products 29 334 Computer and electronics 28 336 Transportation equipment 15 325 Chemical Manufacturing 15 321 Wood products manufacturing 14 322 Paper manufacturing 12 311 Food manufacturing 11 Ramsey Business Park Phase I Research Report