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Topic: Fountain Industry Leaving, Dorman says Higher uneployment good ?< Next Oldest | Next Newest >
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PostIcon Posted on: Jun. 14 2017,8:18 am  Skip to the next post in this topic. Ignore posts   QUOTE

I wonder what the ratio of storage units to citizens will be after that.
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 Post Number: 12
hymiebravo Search for posts by this member.

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PostIcon Posted on: Jun. 14 2017,8:25 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Self-Banished @ Mar. 19 2017,6:53 am)
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Shalopee has been attracting a lot of businesses big and small over the last ten or so years. Amazon, Brewers Group, Cyber Power and a parade of others.

Shows what a city can do when they make themselves into an attractive destination.

Shows you what you can do when you in the sprawl perimeter of Minneapolis/ St. Paul. . .

Just like Egan or Lakeville or anybody else in that zone.

Nothing more.
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PostIcon Posted on: Jun. 18 2017,5:53 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(hymiebravo @ Jun. 14 2017,8:25 am)
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(Self-Banished @ Mar. 19 2017,6:53 am)
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Shalopee has been attracting a lot of businesses big and small over the last ten or so years. Amazon, Brewers Group, Cyber Power and a parade of others.

Shows what a city can do when they make themselves into an attractive destination.

Shows you what you can do when you in the sprawl perimeter of Minneapolis/ St. Paul. . .

Just like Egan or Lakeville or anybody else in that zone.

Nothing more.

Fair enough

Then let's take a look at Owatonna, Mankato and Rochester themselves as an example.

All have good logistics (Owatonna, one freeway,1 US hwy, 1 railway. Rochester, 1 freeway,2 US highways, 1 railway. Mankato, 2 US highways 1 railway)but far from the advantages of AL ( 2 freeways 2 US highways, 2 railways, one of them being a major player, Union Pacific) All three have encouraged growth and commerce far beyond what AL has.

It's amazing what piss-poor leadership won't do.


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PostIcon Posted on: Jun. 18 2017,8:57 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Actually Freeborn Mower electrical rates are better than Shakopee's, both on commercial and industrial, not sure where Fountain Industries falls maybe light industrial.

They were leasing here in Albert Lea, Fountain Industries was sold in 2012 and changed the name to Fountain Industries LLC some outfit called Management Leads. Financial backers of the new Fountain Industries, LLC, include Cherry Tree’s Adam Smith Fund of Minnetonka, MN and Bremer Bank of St. Paul.  Financial terms were not disclosed.

Don't know what's going on, Maybe these folks expanded the business beyond the current buildings capacity.

There seems to many empty light industrial/warehouse type buildings in the shakopee area.

If you checkout the City of Shakopee's homepage (Business and Development)   then checkout Albert lea's homepage (Economic Development)

http://www.shakopeemn.gov/

http://cityofalbertlea.org/

Albert lea's website is nice enough, but they're selling the beauty of our city,  it links you to Albert Lea Economic Development Agency but Shakopee's is simple, easy to navigate, and the business development is right on their main-page and smokes ours.

i.e. Business Incentives & Finance Programs
Façade Improvement Program
Property Tax Abatement
Tax Increment Financing
Sewer Availability Charge Credits

if you want to catch a fly spread some honey/we beat Shakopee on utility rates and I'm guessing our taxes are lower ( both tax write offs ) but some how they took one of our manufactures.


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PostIcon Posted on: Jun. 18 2017,10:11 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^^ better rates, but by how much? Newer facilities are built for energy efficiency, many time utilities give breaks for this. Maybe it was enough. But when you start to put together a package, make it attractive then throw in a larger labor pool that might be enough to tip the scales.

You point out that Fountain was bought out a few years back. Maybe it was bought on speculation to flip for profit. Relocating to a shining new building might be enough packaging to seal a deal.


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PostIcon Posted on: Jun. 18 2017,10:31 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

The average industrial electricity rate in Albert Lea is 7.9¢/kWh.
The average industrial electricity rate in Shakopee is 8.57¢/kWh

https://www.electricitylocal.com/

This half a cent doesn't look like much but when you transcend these numbers into MWh or Megawatt Hour loads you start talking money..

Large electric motors in manufacturing are a utility's cash cows..

The offset to the increased electrical cost might be in reduced transportation costs for Fountain Industries, they're selling their parts washers on Amazon among other distribution points.

https://www.amazon.com/s...+washer

QUOTE
larger labor pool that might be enough to tip the scales.

It's true the population of Shakopee almost doubles that of Albert Lea, so does the household income, meaning more wage competition.. Fountain Industries will have to increase their pay-scale to hold employees, increased labor costs.

It would be interesting to hear from one of the employees as to the reasoning behind this move.


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PostIcon Posted on: Jun. 18 2017,2:40 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^^ again, I agree that the rate difference looks tiny till you start running big phase three motors but again, newer facilities, less draw.

Wages in Shalopee? It's a fourth ring suburb, no big deal to draw labor from New Prague, Montgomery etc. Quite a few Brewers group people followed from St Peter when they moved.


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PostIcon Posted on: Jun. 18 2017,3:32 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^^Here's some pictures and info on the building Fountain Industries is leasing in Shakopee. I'm not sure what you mean by efficiency. building efficiency, that's petty much shot to hell in a warehouse setting.

Can't get the link to work but copy and paste it'll take you there
The Opus Group Announces Completion and First Tenant for Speculative Industrial Development at Valley Park Business Center,

It's a brand new building from an outside firm, I'll bet they're paying more for this lease than what they paid in Albert Lea.

As you can see by the interior pictures the building is empty.
Fountain we be relocating their existing manufacturing equipment, welders, presses, etc, as well as dissembling and relocating their warehouse racks.

So utility costs will be higher in Shakopee.

It's fairly easy to find income statistics on Albert lea and Shakopee so I won't bother linking for you.
The median household income Shakopee is $79,174.
The median household income Albert Lea is $40,037.
labor costs are higher or will be.          

On transportation costs, I'd think you could fill a 53' trailer full of these parts-washers and still not be over weight. You'd think it would make more economic sense to pay the freight to TC rather than relocate.  

everything points to this move being an expensive mistake—except

Amazon put up a 20-acre, million-square-foot facility in Shakopee that's what's attracting these Companies.
Nolander should have been kissing Jeff Bezos behind, get them in here give them anything they want. hell build it for them. We wouldn't be losing our hospital we'd have been the industrial Might of Southern Minnesota within ten years.
Maybe we should fire Nolander and hire the guy who runs Shakopee's Economic Development.


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PostIcon Posted on: Jun. 18 2017,11:06 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^^ I know exactly where that building is, I deliver to three of its nearby neighbors. This is not Opus's first rodeo, they've been around for years, highly successful.

Maybe the powers that be just thought Albert Lea is a sh!thole with no future. There's nothing there really attractive, no great restaurants, not much in the way of culture, the downtown is basically an inconvenient drive through and for myself the fishing is mediocre. The only time I've  made back there in the last 6 years was for a funeral.


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PostIcon Posted on: Jun. 19 2017,7:05 am Skip to the previous post in this topic.  Ignore posts   QUOTE

Amazon is America's 9 biggest employer and they're still on a warehouse building spree, they have one in Shakopee MN one in Des Moines IA.— ?
We're on a PRIME location ( Prime is a two day delivery service for Amazon members ) the crossroads of two major Interstates with an under-utilized airport we just upgraded to the tune of 12 million dollars, maybe more depending on the cost of the new Terminal.

Has our economic development leadership even tried to put together a package to sell Albert Lea, he should be pestering Amazon 24/7..

We can no longer live in an economic atmosphere of protectionism/nepotism! The lose of our hospital proves we've been on the wrong path, we're not a lovely retirement community, we grow or we die..


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