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Give businesses a reason to come here
Economic development seems to be on the front burner in a lot of area communities lately.
The City of Shakopee has been aggressively pursuing businesses to locate in a business park that has been sitting idle for nearly 10 years, and in recent months that pursuit has paid off to the tune of potentially 4,000 or more jobs.
City Council members of Elko New Market are in the first stages of learning what it will take to open up large portions of the community to commercial development. The short answer, they were told in a recent workshop, is planning and patience, putting things into place to make it easier for a business that wants to come into the community can do so.
Recently the New Prague City Council set into motion a plan to expand the city’s current business park on the northwest side of the community. The current business park, which was established 23 years ago, is nearly full and if a business were to want to locate here, they would find it difficult to do so quickly. A new business park or industrial park, it is reported, will cost between $1.3 million to $1.7 million in just land acquisition costs, followed by development costs in order to make the land more attractive for potential users.
The city and its Economic Development Authority did a lot to facilitate the Chart Industries expansion last year, and they are again taking decisive action to expand the business park. There are an increasing number of businesses looking to expand, but none of them will look at New Prague if there isn’t a place for them. The community needs to do its homework and legwork to give businesses a reason to locate here.