Douglas County Economic Development Profile | 2019 Population R37,964 esidents Workforce & Unemployment Rate M$197,200 Housing Education 46.5% Associate’s or Higher A92%verage High School Graduation Rate Alexandria Area Economic Development Commission | livingalexarea.org 21,630 Douglas County 2.6% Douglas County edian Value of Homes M$58,667 edian Household Income J98% ob Placement rate for ATCC students
Current age of Population 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 congestion…that’s Living Alexandria Area! birth to 19 2010 | 36,009 2000 | 32,821 8,895 People age 20 to 44 1990 | 28,674 Population 24% Growth Douglas County 2018 | 37,964 10,486 People age 45 to 64 Population projections 9,932 People age 65 + 8,651 People Alexandria Area Economic Development Commission | livingalexarea.org
Our area is home to many diverse industries including Manufacturing, Top Industries & Employment Healthcare, Service, Tourism, and Retail to name a few. Over 4,600 companies 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 of 24 minutes. Local business draws approximately 18,744 from throughout the region to work within Douglas County. Douglas County residents make up 66.5% of the workforce. The remaining 6,282 come from surrounding counties which makes Douglas County a Net Importer of labor - bringing in more than it sends out. Source: onthemap.ces.census.gov/ Natural Resources - 98 Information 213 Public admin 679 Financial Services 748 Professional Services 897 Construction 865 Workforce & Unemployment Rates 7,674 Alexandria 2.9% Alexandria Top 10 Large Employers Alomere Health Douglas Machine, Inc. Alexandria Public Schools Knute Nelson Alexandria Industries 3M – Alexandria Douglas County Central Specialties 21,630 Douglas County 2.6% Douglas County Industry Healthcare Manufacturing Education Healthcare Manufacturing Manufacturing Government Construction Arrowwood & Conference Center Hospitality Brenton Engineering Manufacturing 3,036,377 Minnesota 3% Minnesota Number of Employees 950 700 606 493 446 400 324 300 285 280 Industry Weekly Wages Hospitality 2,068 (12%) Manufacturing 3,577 (21%) Education & Health Services 4,725 (28%) Trade, Transportation & utilities 4,087 (24%) Alexandria Area Economic Development Commission | livingalexarea.org
Douglas County offers a range of residential, industrial and commercial property opportunities. The area has seen an overall increase in the number of properties sold in the area since 2014, with single family home sales increasing 39%. Douglas County’s current rental market has a vacancy rate of 7.6%. Real Estate & Building ALEXANDRIA HOUSEHOLDS DOUGLAS COUNTY HOUSEHOLDS 16,175 2018 properties sold Residential Farm with Building Land Commercial Units sold 639 0 146 32 Average Sale price $254,225 0 $111,515 $318,000 Source: Greater Alexandria Area Association of Realtors Taxable Market Values City Tax Rates Average days On market 151 0 546 491 38 Alexandria Commercial Building Permits 13 Douglas county Commercial Building Permits 970 Alexandria Permits 6,479 771 Douglas county Permits Pull Factors There are several ways to measure performance other than dollars of sales. Economists expect cities of larger populations to have more sales since their potential customer base is larger. A way to compensate for that in a retail trade analysis is to measure the pull factor, which compares the local taxable sales per capita to that of the state. A pull factor index higher than 1.0 usually indicates that businesses are pulling in customers from outside their community. The pull factor for Alexandria has grown from 2.74 at the end of the great recession to 3.09 today. Source: University of MN, Extension 2016 RTA 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 Alexandria Bemidji Detroit Lakes Fergus Falls
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 courses and learning possibilities. Alexandria Technical & Community College is ranked 4th best Community College in the nation, and #1 in all Minnesota State institutions for the best graduation rate. 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 3,927 students. | www.alextech.edu Education | K-12 & Higher Ed Districts Alexandria Brandon-Evansville Osakis Household Income $ 58,667 Median Household Income Douglas County $ 76,619 Average Household Income Douglas County $ 46,009 Median Household Income City of Alexandria Institution American National Bank of MN Bell Bank BlackRidge BANK Bremer Bank NA First Security Bank of Evansville Gate City Bank Glenwood State Bank Hometown Community Bank Kensington Bank Mid Minnesota Federal Credit Union Neighborhood National Bank The First National Bank of Osakis US Bank NA Vantage Bank Viking Bank Wells Fargo Bank NA Total Douglas County Deposits Grant County Ottertail County Pope County Stearns County Todd County 2017 Deposits $14,199,000.00 $103,585,000.00 $87,203,000.00 $267,145,000.00 $16,868,000.00 $12,024,000.00 $77,180,000.00 $12,485,000.00 $42,545,000.00 $9,859,828.00 $39,265,000.00 $50,775,000.00 $63,513,000.00 $8,754,000.00 $128,498,000.00 $116,136,000.00 $1,040,175,000.00 $165,523,000.00 $1,277,677,000.00 $302,397,000.00 $4,711,495,000.00 $312,597,000.00 Website www.alexandria.k12.mn.us www.b-e.k12.mn.us www.osakis.k12.mn.us Student Enrollment 3,667 406 762 Student/ Teacher Ratio 16 to 1 14 to 1 16 to 1 Graduation Rate 88% 90% 98% Lending Environment 2018 Deposits $13,125,000.00 $120,972,000.00 $86,840,000.00 $300,869,000.00 $15,565,000.00 $11,956,000.00 $87,525,000.00 $12,532,000.00 $44,940,000.00 $12,986,816.00 $41,267,000.00 $53,015,000.00 $61,893,000.00 $11,094,000.00 $124,499,000.00 $113,055,000.00 $1,099,147,000.00 $172,058,000.00 $1,275,805,000.00 $314,846,000.00 2019 Deposits $12,952,000.00 $137,432,000.00 $93,703,000.00 $308,994,000.00 $17,298,000.00 $14,803,000.00 $89,076,000.00 $11,523,000.00 $43,641,000.00 $16,541,059.00 $39,683,000.00 $56,363,000.00 $62,383,000.00 $14,325,000.00 $131,365,000.00 $110,746,000.00 $1,144,287,000.00 $167,871,000.00 $1,330,458,000.00 $351,298,000.00 $4,805,025,000.00 $5,090,146,000.00 $328,317,000.00 $317,886,000.00 2018-2019 Difference -8% 14% 8% 3% 11% 24% 2% -8% -3% 27% -4% 6% 1% 29% 6% -2% 4% -2% 4% 12% 6% -3% 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: Totem Ent. 5 Natural Beauty | Adventure Arts Centers 350 Lak es 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 offers 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 Over
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