PROSPER: MOMENTUM IS BUILDING - Commerce Lexington

MOMENTUM IS BUILDING

PROSPER:

PROSPER: MOMENTUM IS BUILDING

THE GREATER MSP REGION

Mill

e La

cs

IsantiSherburne

Wright

Hennepin

Carver

Sibley

Le Sueur

Scott DakotaPierce

St. Croix

Washington

Chisago

Anoka

Ramsey

16-COUNTY MSA $248 BILLION

42th LARGESTGLOBAL ECONOMY

IN GMP

3.5 MILLION PEOPLEMORE THAN


LOWEST UNEMPLOYMENT RATE

April 2016 UNEMPLOYMENT RATES

4.4%

3.8%


HIGHEST LABOR FORCE PARTICIPATION RATE

April 2016

70%

63%

THE WORLD’S MOST INNOVATIVE COMPANIES


GREATER MSP HISTORY, VISION AND MISSION VISION The Greater MSP Region is recognized as a globally leading economy where business and people prosper.

REGIONAL ECONOMIC DEVELOPMENT

STRATEGY

JOB RETENTION, EXPANSION, & ATTRACTION

MARKETING, BRANDING, & PROMOTION

MISSION

Accelerate job growth and capital investment in the Greater MSP region.


GREATER MSP BOARD OF DIRECTORS

CHAIR | Richard DavisU.S. Bancorp

IMMEDIATE PAST CHAIR |Tim Welsh, McKinsey & Company

VICE CHAIR | Ken PowellGeneral Mills

VICE CHAIR | Scott Anderson Patterson Companies

TREASURER | Ginny Hubbard MorrisHubbard Radio

SECRETARY | Kate Wolford McKnight Foundation

CEO | Michael LangleyGREATER MSP

Kedrick Adkins | Mayo Clinic

Doug Baker | Ecolab

Andy Bessette | Travelers Companies

Mary Brainerd | HealthPartners

Commissioner Jan Callison | Hennepin County

Carl Casale | CHS, Inc.

Mayor Chris Coleman | City of Saint Paul

Albert J. Colianni | Marquette Companies

Gary Cunningham | Meda

Ben Fowke | Xcel Energy

Jeff Freyer | Comcast

Commissioner Kathleen Gaylord | Dakota County

Todd Hall | Cargill, Inc.

Gary Hendrickson | Valspar

Brad Hewitt | Thrivent Financial

Mayor Betsy Hodges | City of Minneapolis

Eric Jolly | MN Philanthropy Partners

Eric Kaler | University of MN

Mayor Elizabeth Kautz | City of Burnsville

Rick King | Thomson Reuters

Jay Lund | Andersen Corporation

Tim McGough | McGough Construction

David Mortenson | Mortenson Company

Russ Nelson | NTH, Inc.

Ravi Norman | Thor Construction

Laura Oberst | Wells Fargo

Chris Policinski | Land O’Lakes, Inc.

Commissioner Victoria Reinhardt| Ramsey County

Steven Rosenstone | Minnesota State

R.T. Rybak | Minneapolis Foundation

David Saggau | Great River Energy

Todd Senger | BMO Harris Bank

Marianne Short | UnitedHealth Group

Commissioner Rhonda Sivarajah | Anoka County

John Stauch | Pentair

Carol Surface | Medtronic plc

Commissioner Jon Ulrich | Scott County

Charles R. Vig | Shakopee Mdewakanton Sioux Community

Laysha Ward | Target

Kevin Warren | MN Vikings

Commissioner Lisa Weik | Washington County


GREATER MSP GOVERNANCE

InvestorsBoard of Directors

Staff

Partner Advisory Council Economic development practitioners

Executive Committee

TELL OUR STORY

PRIORITIZE TALENT

BUILD GLOBAL SECTORS

200+ partner

organizations

Water

Technology

Summit

STRATEGIC INITIATIVES


REGIONAL SECTORS OF STRENGTH

• BIO TECH

• HEALTHCARE PROVIDERS

• HEALTHCARE PAYERS AND IT

• MEDICAL DEVICES

• R&D CENTERS

• SOFTWARE/ IT

• ADVANCED MANUFACTURING

• ENERGY/RENEWABLES

• FINANCIAL ADVISORY

• BANKING

• INSURANCE

• CORPORATE HEADQUARTERS

• CREATIVE SERVICES

• PROFESSIONAL SERVICES

• DATA CENTERS

• FOOD PROCESSORS

• FOOD PRODUCTION

• AGRIBUSINESS

• NUTRITION

• WATER FILTRATION

• WATER PURIFICATION

FINANCIAL SERVICES

ADVANCED MANUFACTURING & TECHNOLOGY

HEALTH & LIFE SCIENCES

HEADQUARTERS & BUSINESS SERVICES

FOOD & WATER SOLUTIONS

2011 2014 2015 2016

REGIONAL PRODUCT IMPROVEMENT

BUSINESS

RETENTION &

EXPANSION

TRADE &

INVESTMENT

INITIATIVE

REGIONAL

COMPETITIVENESS

WORKING GROUP

2017

REGIONAL AIR

SERVICES

PARTNERSHIP

48 Market Trips in 2016


OUR REGION’S STORY

The Greater Minneapolis Saint Paul region will lead the world in solving its most important challenges for the future.

Safe and abundant food, clean water, and health solutions will drive the global economy in coming years.

The Greater MSP region is the leader in these technologies and industries, and has the R & D, financial and business services infrastructure to support them.

Our highly educated and culturally connected workforce will create that business success. Our quality of life and social collaboration will sustain that success.

Businesses prosper here. People prosper here.

THE DASHBOARD2015 -2017

Greatermsp.org/regional-indicators

Greatermsp.org/regional-indicators

THE DASHBOARD

PEER RANKING

Top

Pe

ers

Mo

re

Dis

tan

t

2017

Peer regions were selected based on demographic and economic characteristics, location, evidence of competition with MSP for business or talent, and positive economic trajectory

San Francisco, CA 4.63

Seattle, WA 5.00

Boston, MA 5.03

Minneapolis-St Paul 5.13

Austin, TX 6.11

Denver, CO 6.11

Portland, OR 6.22

Dallas, TX 6.86

Chicago, IL 7.03

Atlanta, GA 7.61

Pittsburgh, PA 8.55

Phoenix, AZ 8.95

Clo

se

Riv

als

Avg Ranking*

* The average ranking score compared to all 12 measured markets across all metrics. A lower score is better.

REGIONAL COMPETITIVENESS WORKING GROUP2016

MAKE IT. MSP. TALENT INITIATIVE

www.makeitmsp.org

Estimated gap in workers by 2020:

114,000A collaboration of over 100 private,

public, institutional and philanthropic partners to address this gap


OUR REGION’S VALUE

PROPOSITIONMSP is where workers enjoy

a diverse career, and with

their families enjoy an

outstanding quality of life,

at a cost-of-living they can

afford.

www.makeitmsp.org

MAKE IT. MSP. TALENT INITIATIVE



GREATER MSP EXPORT INITIATIVE

• Started in 2011 with support from Brookings Institution

• Initial progress made and strategies outlined• Unify export resources• Define and target efforts• Engage with local industry clusters• Market the region internally and externally

• Funding by JPMorgan Chase Foundation to continue work


CURRENT EFFORTS

• Increase collaboration

o Joint strategy

o Referrals

• Market benefits & resources

o Collateral / Web portal

o Success stories

o Events

www.greatermsp.org/exports

A collaborative project to accelerate job creation and capital investment in the Center Cities to build and sustain shared prosperity.

• Create more jobs in Minneapolis & Saint Paul for residents of all skill-levels

• Increase investment in – and the development potential of – our center cities, especially in target areas of high-market potential & concentrated poverty• Build the Brand• BR&E• Create market-ready sites• Close more deals

4.0

2.0

3.0

2012 2015

2.3

3.0

3.4

2012 2015

3.0

RESULTS: IMPROVED PERCEPTIONSImproved perceptions among site selectors and C-suite executives

How likely are you to consider MSP for future projects?(1=Not Likely, 5=Very Likely)

What is your perception of the business climate in MSP?(1=Very Bad, 5=Very Good)

Source: DCI Perception Study, 2012, 2015


GREATER MSP 2012-2016 IMPACT

25,198 Direct Jobs

41,505 Indirect Jobs

$688.4M Investment

(2016)

$3.2 Billion Capital Investment

(2012-2016)

THANK YOU

MICHAEL [email protected]

PROSPER: MOMENTUM IS BUILDING - Commerce Lexington

Documents