Douglas County Economic Development Profile

Douglas County

Econ o m i c D e ve l o pme nt P ro fil e | 2 0 2 0

Population 20,622

Dougl as Coun ty

38,141

4.4%

Dougl as Coun ty

Re s id ents Wo r k fo rce & Un e m p l oy me n t R a t e

Housing $209,800

Me dian Value of Homes

$60,676

Median Household Income

Education 65.6%

Co lle ge Ed u cated

96%

94%

Jo b Pl a ce m e n t r a t e fo r ATC C st ude n t s

Average High School Graduation Rate Alexandria Area Economic Development Commission | livingalexarea.org

The Alexandria area economy provides opportunities for career growth while still having a relaxed small-town feel. We have outdoor recreation for all seasons to fit your active lifestyle and most big-city amenities without the traffic and congestion‌that’s Living Alexandria Area!

Current age of Population Source: mn.gov/deed/assets/082820_douglasco_tcm1045-407482.pdf

2019 | 38,141

birth to 17

2010 | 36,009 2000 | 32,821

7,860 People age 18 to 44

1990 | 28,674

Population 25% Growth Douglas County

11,295 People age 45 to 64

Population projections Source: https://mn.gov/admin/demography/data-by-topic/population-data/our-projections/

9,803 People age 65 +

8,926 People

Alexandria Area Economic Development Commission | livingalexarea.org

Top Industries & Employment Source: https://apps.deed.state.mn.us/lmi/qcew/ResultsDisp.aspx

Our area is industries

home

to

including

many diverse Manufacturing,

Healthcare, Service, Tourism, and Retail, to name a few. Over 1,400 companies

Natural Resources - 98 Information 181 Public admin 693

have found that our area offers a balance not only for their business but for their lives and families.

The average commute time for

workers in Douglas County is 18 minutes which is lower than the Minnesota average

Trade, Transportation & utilities 4,090 (23%)

Financial Services 754

of 24 minutes.

Education & Health Services 4,807 (27%)

Douglas County residents make

up 85% of the workforce, for a total of 16,106.

Source: https://mn.gov/deed/data/data-tools/county-profiles/

Professional Services 754 Construction 888

Hospitality 2,107 (12%)

Manufacturing 3,565 (20%)

Workforce & Unemployment Rates Source: https://apps.deed.state.mn.us/lmi/laus/Default.aspx

7,299

20,622

2,898,036

Alexandria

Douglas County

Minnesota

5.5%

4.4%

7.1%

Douglas County

Minnesota

Alexandria

Top 10 Large Employers

Industry

Alomere Health

Healthcare

925

Douglas Machine, Inc.

Manufacturing

709

Alexandria Public Schools

Education

619

Knute Nelson

Healthcare

472

Alexandria Industries

Manufacturing

415

3M – Alexandria

Manufacturing

400

Douglas County

Government

322

Central Specialties

Construction

300

Brenton Engineering

Manufacturing

240

Donnelly Custom Manufacturing

Manufacturing

210

Industry Weekly Wages https://apps.deed.state.mn.us/lmi/qcew/ResultsDisp.aspx

Number of Employees

**Douglas County employees only

Alexandria Area Economic Development Commission | livingalexarea.org

Douglas County offers a range of residential, industrial and commercial property opportunities.

Douglas County’s current rental market has a vacancy rate of 5.4%.

Real Estate & Building Source: Minnesota Realtors, Douglas County, City of Alexandria & Alexandria Township

ALEXANDRIA HOUSEHOLDS

6,860

DOUGLAS COUNTY HOUSEHOLDS

16,395

Residential Units Sold

Median Sale Price

Commercial Units Sold

Average Sale Price

641 15

Land Units Sold

189

$227,500 $382,283

Average Sale Price

953

57

Alexandria Permits

Alexandria Commercial Building Permits

828

16

Douglas county Permits

Douglas county Commercial Building Permits

154

0

Alexandria Township Permits

Alexandria Township Commercial Building Permits

$84,143

Taxable Market Values Source: Douglas County

City Tax Rates Source: Douglas County

Douglas County is home to three public school districts and a number of private education options, serving over 4,800 students. Each school provides a strong education framework for students as well as providing additional cources and learning possibilities.

Alexandria Technical & Community College is ranked 8th best Community College in the nation, and #1 in Minnesota. The college’s connections to business and industry ensures currency and trade standards in its technical degrees, delivering a highly skilled workforce. ATCC is a member of the Minnesota State system, currently serves 3,811 students. | www.alextech.edu

Education | K-12 & Higher Ed Source: https://rc.education.mn.gov/#staffing/orgId--10206000000__groupType--district__categories--T__p--31/orgId--10213000000__groupType--district__categories--T__p--31/ orgId--12908000000__groupType--district__categories--T__p--31

Districts

Website

S t u de n t E n r o llm e n t

S t u de n t / T e ac h e r R at i o

G r adu at i on R at e

Alexandria

www.alexschools.org

3,774

16 to 1

91%

www.b-e.k12.mn.us

417

14 to 1

100%

www.osakis.k12.mn.us

755

16 to 1

97%

Brandon-Evansville Osakis

Household Income

Lending Environment

Source: https://data.census.gov/cedsci/all?q=household%20income

$

60,676

Median Household Income

Douglas County

Source: https://www7.fdic.gov/sod/sodInstBranch.asp?sCounty=all&sCityType=USPS

Institution American National Bank of MN Bell Bank

2018 Deposits

2019 Deposits

2020 Deposits

2019-2020 Difference

$13,125,000.00

$12,952,000.00

$16,662,000.00

29%

$120,972,000.00

$137,432,000.00

$170,069,000.00

24%

BlackRidge BANK

$86,840,000.00

$93,703,000.00

$105,991,000.00

13%

Bremer Bank NA

$300,869,000.00

$308,994,000.00

$354,905,000.00

15%

First Security Bank of Evansville

$15,565,000.00

$17,298,000.00

$18,609,000.00

8%

Gate City Bank

$11,956,000.00

$14,803,000.00

$20,703,000.00

40%

Glenwood State Bank

$87,525,000.00

$89,076,000.00

$106,383,000.00

19%

Average Household Income

Hometown Community Bank

$12,532,000.00

$11,523,000.00

$14,828,000.00

29%

Douglas County

Kensington Bank

$44,940,000.00

$43,641,000.00

$50,141,000.00

15%

Mid Minnesota Federal Credit Union

$12,986,816.00

$16,541,059.00

$19,452,600.00

18%

Neighborhood National Bank

$41,267,000.00

$39,683,000.00

$44,633,000.00

12%

The First National Bank of Osakis

$53,015,000.00

$56,363,000.00

$62,825,000.00

11%

US Bank NA

$61,893,000.00

$62,383,000.00

$71,803,000.00

15%

Vantage Bank

$11,094,000.00

$14,325,000.00

$21,464,000.00

50%

Viking Bank

$124,499,000.00

$131,365,000.00

$144,724,000.00

10%

Wells Fargo Bank NA

$113,055,000.00

$110,746,000.00

$129,180,000.00

17%

$1,099,147,000.00

$1,144,287,000.00

$1,332,920,000.00

16%

$

$

79,619 49,708

Median Household Income

City of Alexandria

Total Douglas County Deposits Grant County

$172,058,000.00

$167,871,000.00

$187,763,000.00

12%

$1,275,805,000.00

$1,330,458,000.00

$1,603,997,000.00

21%

$314,846,000.00

$351,298,000.00

$383,911,000.00

9%

Stearns County

$4,805,025,000.00

$5,090,146,000.00

$5,987,771,000.00

18%

Stevens County

$284,027,000.00

$309,099,000.00

$372,802,000.00

21%

Todd County

$328,317,000.00

$317,886,000.00

$371,896,000.00

17%

Ottertail County Pope County

Alexandria Area Economic Development Commission | livingalexarea.org

Boundless recreation at beautiful lakes and parks. Top-notch education and healthcare facilities. All the dining, shopping and entertainment amenities you can think of.

Photos Courtesy of: LICIA MARIE PHOTOGRAPHY

Arts Centers

Over

5

Natural Beauty | Adventure

350

Lakes

110

Miles of Trail

Lake Carlos State Park Lake Carlos State Park’s 1,214 acres offer a variety of recreational activities. Clear and deep, Lake Carlos provides visitors a perfect setting for swimming, fishing, boating, camping, hiking, and horseback riding. In the winter, snowshoe and ski from the tamarack bog to a maple-basswood forest.

23

Local Parks