Envision Shakopee

ATTRACT NEW INDUSTRIAL USERS Support reuse of existing spaces and encourage redevelopment of brownfield sites The city should support reuse of existing spaces and encourage redevelopment of brownfield sites to efficiently leverage existing assets and provide lower-cost space for office users seeking alternatives to other, higher-cost areas in the Twin Cities region. Today, Shakopee has medium- to high-quality commercial spaces that can cater to a variety of users with minimal rehabilitation costs, if positioned correctly. The city should support the marketing of these spaces and make available low-cost upfit capital to owners seeking to attract new tenants. Where new construction is required by firms, the city should seek to limit high-cost investments in infrastructure for new greenfield sites by encouraging redevelopment of brownfield sites near existing industrial centers. To do so, the city should leverage state DEED funds for brownfield redevelopment or other grants available from the state and ensure that existing zoning on industrial sites aligns with current market expectations for new industrial space. Prepare a clear plan for industrial growth on new, greenfield sites and land annexation The city should prepare a clear plan for industrial growth on new, greenfield sites and land annexation. In the future, Shakopee will continue to be an industrial center in the region. New firms, attracted to the same mix of geographic and physical assets that brought existing firms, will continue to be interested in Shakopee as a key location for logistics, distribution, and manufacturing. The city should develop a strategic plan for industrial growth on greenfield sites and future land annexation that can quickly and flexibly respond to new industrial opportunities that otherwise cannot be located in other areas of the city. Specifically, this plan should both articulate the types of opportunities the city will act on for greenfield development or annexation and secure sources of funding for needed incentives and infrastructure improvements so that the city can be ready to move

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RECOMMENDATIONS » Support reuse of existing spaces and encourage redevelopment of brownfield sites » Prepare a clear plan for industrial growth on new, greenfield sites and land annexation » Establish an industrial extension or advanced manufacturing center

ENVISION SHAKOPEE |SECTION II: ECONOMIC ENVIRONMENT