MAKE YOUR MARK.
Alexandria Area Economic Development Commission | livingalexarea.org Ready to build your business in a place where you can shine? Discover what’s possible in the Alexandria Area.
WELCOME to
RECREATION DESTINATION
Minnesota’s Minnesota’s
With pristine lakes, endless forests, and year-round fun, the Alexandria area has everything you’ve been looking for. We’ve got award-winning healthcare, nationally acclaimed schools, and all the conveniences of a larger town. Plus nonstop fun, right out your back door.
dozens of resorts
110 miles of trails
five art centers
23 parks
hunting, fishing, lake life, & fun
Hundreds of miles of shoreline
350 lakes!
WISH YOU WERE HERE. COME JOIN US!
Alexandria Area Economic Development Commission | livingalexarea.org
Grow your business
us. “We’re able to hire better employees in Alexandria. And we have more community support.” Samuel Herzog Fergus Falls Transplant and Developer with Unique Opportunities, LLC
with
WORKFORCE SOURCE: DEED MN Unemployment Stats Industry Manufacturing Government Health Care & Social Assistance Retail Trade Accommodation & Food Service Educational Services Construction Wholesale Trade Other Services (except Public Administration Finance & Insurance Administrative, Support, Waste Management & Remediation Services Professional, Scientific & Technical Services Transportation & Warehousing Arts, Entertainment & Recreation Information Real Estate, Rental & Leasing Agriculture, Forestry, Fishing & Hunting Utilities 2022 Earnings Per Worker $77,532 $57,772 $60,684 $34,112 $20,6963 $47,060 $63,804 $68,224 $30,680 $100,932 $31,408 $61,620 $60,424 $20,748 $63,232 $58,084 $37,960 $102,908 2022 Jobs 3,863 3,508 3,250 2,597 1,888 1,457 1,224 1,034 773 551 598 423 297 289 263 161 105 88 SOURCE:DEED Labor Market TOP10 LARGEST EMPLOYERS Douglas county employees only source: mn.gov/deed 913 ALOMERE HEALTH HEALTHCARE 730 DOUGLAS MACHIN E, INC. MANUFACTURING 756 ALEXANDRIA PUBLIC SCHOOLS EDUC ATION 560 KNUTE NELSON HEALTHCARE 500 ALEXANDRIA INDUSTRIES MANUFACTURING 360 3M/ALEXANDRIA MANUFACTURING 350 CENTRAL SPECIALTIES CONTRUCTION 325 DOUGLAS COUNTY GOVERNMENT 285 BRENTON ENGINEERING -Pro mach MANUFACTURING 292 AAGARD MANUFACTURING 7,350 ALEXANDRIA 2022 20,711 DOUGLAS COUNTY 2022 3,064,698 MINNESOTA 2022 INDUSTRY CHARACTERISTICS
Business Landscape
CITY TAX RATES
INCOME & EARNINGS
LENDING ENVIRONMENT
Workforce Strength Industry weekly wages Industry In Douglas County, Minnesota Financial Services Manufacturing Construction Information Education & Health Services Public Administration Transportation Professional Services Natural Resources Other Hospitality Wages / per Week 2022 SOURCE: DEED Labor Market $1,766 $1,491 $1,227 $1,216 $1,086 $1,055 $891 $857 $807 $590 $398
Economic Indicators
2021 2022 2021-22 Institution Deposits Deposits Difference American National Bank $22,984,000 $28,137,000 22% Bell Bank $237,969,000 $214,415,000 -10% Bremer Bank NA $425,146,000 $448,662,000 6% First Security Bank of Evansville $21,205,000 $20,075,000 -5% First Western Bank & Trust $116,538,000 $122,534,000 5% Gate City Bank $27,175,000 $32,305,000 19% Glenwood State Bank $134,596,000 $158,050,000 17% Hometown Community Bank $16,604,000 $12,136,000 -27% Kensington Bank $54,352,000 $58,556,000 8% Neighborhood National Bank $48,439,000 $52,681,000 9% The First National Bank of Osakis $74,218,000 $76,995,000 4% US Bank NA $81,108,000 $79,815,000 -2% Vantage Bank $32,945,000 $41,846,000 27% Viking Bank $158,401,000 $165,899,000 5% Wells Fargo Bank NA $141,966,000 $149,084,000 5% Total Douglas County Deposits $1,617,600,000 $1,661,190,000 4% SOURCE: fdic.gov
Families Married-couple families Nonfamily households Median Income by Types of Families In Douglas County, Minnesota SOURCE: data.census.gov $90,940 $83,723 $35,596 2022 $65,430 Median household income douglas county, MN 2022 $73,382 Median household income minnesota
City Alexandria County City School Special Total Brandon County City School Special Total Carlos County City School Special Total Evansville County City School Special Total Garfield County City School Special Total Kensington County City School Special Total Miltona County City School Special Total Osakis County City School Special Total Tax Rate SOURCE:Douglas County 44.70% 40.06% 17.71% 2.03% 104.05% 44.61% 75.17% 28.55% 1.74% 150.07% 44.70% 61.53% 17.71% 1.74% 125.69% 44.71% 89.56% 28.65% 1.74% 164.66% 44.70% 54.58% 17.71% 2.33% 119.33% 44.43% 38.83% 4.04% 45.18% 132.47% 44.58% 50.68% 17.57% 1.74% 114.58% 49.03% 65.80% 23.10% 2.34% 140.27% Population by educational attainment source: lightcast 28.4 % high school diploma 20.2 % some college 20.1% associate’s degree 18.9 % bachelor’s degree 8 % graduate degree or higher 3.4%9th-12thgrade 63.9% Employment rate Source: american community survey
Population Age Cohort 2016 2021 Difference % Change Under 5 years 2,135 2,285 +150 5-9 years 2,231 2,352 +121 10-19 years 4,347 4,580 +233 20-29 years 4,103 3,887 -216 30-39 years 4,355 4,541 +186 40-49 years 3,926 4,204 +278 50-59 years 5,236 4,566 -670 60-69 years 5,168 5,869 +701 70 years and over 5,661 6,694 +1,033 Population Change by Age Group In Douglas County, Minnesota SOURCE: Lightcast 7% 7% 5% 5% 4% -5% 13% 18% -13% Home Prices and Distribution > $1,304,000 $978,001 — $1,304,000 $625,001 — $978,000 $521,001 — $652,000 $391,001 — $ 521,000 $261,001 — $391,000 $130,001 — $261,000 $65,001 — $130,000 $0 — $65,000 SOURCE: Neighborhood Scout 25.6% 41.3% 8.8% 6.6% 10.4% 4.5% 2.4% 0.2% 0.1% See current stats here:
AGES HOME SALES MARKET VALUES SOURCE: Zillow GROWTH Population Growth Comparison SOURCE: Lightcast VACANCY 2020 HOUSING UNITS AVAILABLE IN DOUGLAS COUNTY SOURCE: AMERICAN COMMUNITY SURVEY 3,856 SEASONAL, RECREATIONAL OR OCCASIONAL USE +/- 247 380 OTHER VACANT +/- 91 125 FOR SALE ONLY +/-62 115 FOR RENT +/-92 50 SOLD, NOT OCCUPIED +/-47 4 RENTED, NOT OCCUPIED +/-6 $197,357 MEDIAN HOME VALUE SEPTEMBER 2021 $253,359 MEDIAN HOME VALUE SEPTEMBER 2022 2016 38,542 ALEXANDRIA MSA 2016 5,704,157 MINNESOTA 2016 331,820,028 USA 2022 39,178 ALEXANDRIA MSA 2022 5,878,872 MINNESOTA 2022 340,454,067 USA Alexandria Area Economic Development Commission | livingalexarea.org
population housing opportunities
Alexandria Area Economic Development Commission | livingalexarea.org For continued demographic updates visit livingalexarea.org/demographics/ 324 Broadway Street Suite 101 Alexandria, MN 320-763-4545 livingalexarea.org We’re here to help you succeed. When you’re building a business around here, you’ll nd all the support you need at the Alexandria Area Economic Development Commission — for FREE. Contact us for free support with: • Consultation & Site Selection • Business Startup Coaching • Business Management Coaching • Valuable Business Incentives BRING YOUR DREAMS TO ALEXANDRIA, AND WATCH THEM THRIVE. “That’s
we love so much about Alexandria
is just that community
You don’t nd it anywhere else in the state of Minnesota.”
one thing
—
feeling.
KRIS CHISHOLM CAR CARE PROGRAM