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July/August 2014 Business Central Magazine
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CONSTRUCTION MANAGEMENT
the Highest Standards
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seph
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Profit
10 Book ReviewTipping Sacred Cows; Kick the Bad Work Habits that Masquerade as Virtues by Jake Breeden
10 News ReelWhat’s happening and who’s movingBusiness news from around Central Minnesota.
12 Getting GoingTo Be in Business
14 Your Voice In GovernmentSt. Cloud Area Evening at the Capital
17 New in TownMelinda Vonderahe, Times Media
18 The Trouble with BusinessTough DecisionsLearning to make the tough decisions will help you take your business to the next level.
UpfrontNEtWorK
GroW
BusinessTools
•• Startups Aimed at Women
•• Thoughtful Leaders
•• The Best Smartphone for Business
•• Healthcare Startups and FDA
ONLY ONLINE
www.BusinessCentralMagazine.com
Profit
46 FeatureGrowth TrajectoryWomen-owned businesses have been making headlines for 25 years. Today their employment and revenue growth outpaces the rest of the economy.
56 Special FocusJobs An aging population puts healthcare in the job-creation driver’s seat.
58 Business SpotlightBrian and Dolora Musech, Batteries Plus Bulbs
Special Sections48 Women in Business Directory
54 Senior Health & Living
This Issue
38 COVER STORY WE’RE HERESince 1997 Royal Tire has been following an aggressive growth strategy. Yet this home-grown company prides itself on maintaining the same family feel it has cultivated for over 60 years.
GROW • NETWORK • PROFIT JULY/AUGUST 2014
President’s Letter Editor’s Note Business Calendar Top Hats Network Central
6 8 16 2420
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26 Doing GoodCommunity Impact Plaza Park Bank
28 TechStrategiesProven AbilityFacebook remains the top social media player for businesses of all sizes and types.
Management Tool Kit30 Game ChangerMinnesota’s minimum wage law is changing. Here’s a playbook to help keep you on the right side of the foul line.
32 Civility in the Workplace Unhappiness in the office is costing U.S. companies $450 to $550 billion a year.
Economy Central presented by Falcon Bank34 Opportunity or Threat?The North Dakota oil boom is stretching its economic fingers into Central Minnesota.
36 2013 Annual Cost of Living Comparison
CONTENTS
EmployEE HEaltH for a HEaltHiEr BusinEss
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for morE information, contact
Danielle BergHealth and Wellness Coach 320-203-2099 [email protected] hpcmc.com/worksitehealth
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Benefits range from:• Help reduce overall corporate medical expenditures
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• Onsite employee programs
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6 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
Main Phone 320-251-2940Automated Reservation Line
320-251-2940, ext. 126Program Hotline
320-251-2940, ext. 125email: [email protected]
www.StCloudAreaChamber.com ST. CLOUD AREA CHAMBER
OF COMMERCE STAFF President | Teresa Bohnen, ext. 104Vice President | Gail Ivers, ext. 109
Director of AdministrationJudy Zetterlund, ext. 106
Special Events Coordinator Virginia Kroll, ext. 105
Communications & Workforce Development Coordinator
Whitney Bina, ext.130 Membership Sales Specialist
Jaime Buley, ext. 134Administrative AssistantVicki Lenneman, ext. 122Administrative AssistantCindy Swarthout , ext. 100Administrative Assistant
Sharon Henry, ext. 124 CONVENTION & VISITORS BUREAU STAFF
Main Phone: 320-251-4170
Executive DirectorJulie Lunning, ext. 111
Director of Convention Sales Lori Cates, ext. 113
Director of Sports & Special EventsKelly Sayre, ext. 128
Director of Visitor ServicesJean Robbins , ext. 129
Sales ManagerNikki Fisher, ext. 110
2013-14 BOARD MEMBERS
Jim BeckMinnesota School of Business
Gary BergG.L. Berg Entertainment,
Performing Artists & Speakers Jason Bernick
Bernick’s - Beverages & VendingCraig Broman
St. Cloud Hospital/CentraCare Health, Past Board Chair
Neil FranzFranz Hultgren Evenson, P.A.
Jayne Greeney SchillSt. Cloud Area School District #742
Jim GruenkeMark J. Traut Wells
John HergesFalcon National Bank, Board Chair
Diane MendelPlayhouse Child Care
Kris NelsonCustom Accents, Inc., Board Vice Chair
Mark OsendorfXcel Energy
Dr. Earl Potter, IIISt. Cloud State University
Roger SchleperPremier Real Estate Services
Jodi SpeicherThe Good Shepherd Community
Bea WinklerPine Cone Pet Hospital
Chriss WohlleberLe St. Germain Suite Hotel
After 15 years of asking the Minnesota state legislature for funds to expand
St. Cloud’s River’s Edge Convention Center, we have achieved success!
I have worked on this project since the first day I walked into our Chamber as president. My paper file is 4 feet high. This year, finally, the state granted us $11.56 million to finish the final phase of the project, a parking ramp, which will allow the facility to realize its full potential.
Many people deserve thanks, with St. Cloud Mayor Dave Kleis chief among them. Dave worked on the project as a state senator, then from a different perspective as mayor. His decision five years ago to fully partner with the Chamber and CVB on advocacy and promotion for the project was a good one.
Along the way, our state legislators played key roles in the project. Since Senator John Pederson and Representatives Tama Theis and Zach Dorholt took the final votes to approve the project, I will extend thanks to them, and include all the others who took positive votes along the way by association.
Key to keeping our project front and center was House Capital Investment Committee Chair Alice Hausman. She
is a true visionary and leader. Thank you, Alice, for your friendship and your genuine love for the state of Minnesota (especially the piece of your heart that belongs to the St. Cloud area).
I cannot wait for the ground breaking. That will certainly be some sweet dirt.
On top of the River’s Edge funding success, I took the first direct flight from St. Cloud to Chicago on May 6. Celebration was in the air as we cut the ribbon and the first passengers flooded the gate area.
We enjoyed a short flight to Chicago and were treated to a behind-the-scenes tour of United Airlines. I even saw the baggage area, which is quite an impressive operation. Then we proceeded to a celebratory dinner with city, state and national dignitaries, and returned to the airport to enjoy a few minutes in the United Club.
With free parking, short security lines and timely flights, the St. Cloud to Chicago route is a winner. If Chicago is not your destination, convenient connections will take you anywhere in the world. The connections are not far from the arrival gate, either. Remember the hike from the MSP commuter gates to main terminal gates? Not the case at O’Hare. It is a primary United hub, and the gates are conveniently located and easy to access.
Skip all that road construction traffic on I-94 this summer and fly out of St. Cloud. When you’re planning travel, go to www.United.com, use STC as your origination point, and enter any city in the world as your destination. When you come home, you’ll be right at your front door!
Until next time,
It’s Been a Good Spring!
PRESIDENT’S LETTERNETWORK
Teresa BohnenPresident
Chamber President Teresa Bohnen and Board Chair John Herges, Falcon National Bank, celebrate the passage of funding to finish the River’s Edge Convention Center
EDITOR’S NOTENETWORK
In 2008 I had the opportunity to travel to
Botswana, Africa with my Aunt Nancy.
This was a trip I had been looking forward
to since I was in the 8th grade. When we
discovered that we both had our hearts set on
such a trip, we found a satisfactory tour and
were on our way.
As we climbed into our Land Rover for
our first safari, our guide told a story about
someone he had worked with who decided
to pick a flower for a guest. The co-worker
stepped out of the Land Rover and walked
several feet to the flower. At this point, a lion
strolled out from under a bush. According to
our guide, the co-worker took two steps then
flew the last 10 feet, head-first, back into the
Land Rover. Moral: Stay in the Land Rover.
This begs the question, why would
anyone get out of their Land Rover in the
first place?
Well, you might get caught in the sand.
In the Kalahari Desert, the sand is very deep.
Following a family of lions through an
untraveled area, one of the Land Rovers in
our party ended up in a sinkhole. We were
about 10 minutes away and received the
call. Since there were 12 lions in the area,
everyone stayed in the Land Rover until we
arrived. Then they scurried from their vehicle
and climbed on ours. The Land Rover, now
much lighter, was easily driven out of the
sinkhole and everyone went on their way.
Or you might have a flat tire. Or even,
two flat tires. From the ground, it turns
out that the vegetation in the bush is more
like 10-15 feet high, not 5 feet like it looks
from the Land Rover. And it’s thick. A place
to get lost if you wander too far. You soon
learn that one green bush looks very much
like the next one. And that’s mostly what
you can see – green bushes. Of course,
that’s all you want to see. Elephants are
large enough from a Land Rover. I don’t
really need to meet one eye-to-eye (so to
speak) in the wild.
Talking with Pat and Paul Duininck,
owners of Royal Tire (see the cover story
on page 38) reminded me of our African
tire-changing experience. Royal Tire is in
expansion mode. They recently purchased
a tire-retreading operation in Rochester,
Minn., and are now looking for a multi-
store operation to add to their growing list
of acquisitions. They also pride themselves
on providing 24-7 service to their
commercial customers.
If they ever decide to go overseas, I can
think of a place that could really use their
help.
Until next issue,
Into the Bush
Gail IversVice President
Editor
Above: Changing a tire in the African bush.
Left: Discretion is the better part of valor when there
are lions nearby. These folks, stuck in a sand trap,
awaited arrival of a second Land Rover before they
could get out and free the vehicle.
Publisher Teresa Bohnen
Managing Editor Gail Ivers
Associate Editor Dawn Zimmerman
CONTRIBUTING WRITERSWhitney Bina
St. Cloud Area Chamber of CommerceTeresa Bohnen
St. Cloud Area Chamber of CommerceJulie L. Fisk and Rachael Holthaus
Quinlivan & Hughes, P.A.Sharon Henry
St. Cloud Area Chamber of CommerceDr. Fred E. Hill
St. Cloud State UniversityGail Ivers
St. Cloud Area Chamber of CommerceTracy Knofla
High Impact TrainingMike Roth
Reventus, LLCGreg Vandal
Vox LiberiDawn Zimmerman
The Write Advantage
ADVERTISINGAssociate Publisher/Sales
Wendy Hendricks, Hendricks MarketingAd Traffic & Circulation
Yola Hartmann, Hazel Tree MediaART
Design & Production Yola Hartmann, Hazel Tree Media
Sarah SucanskyCover Photo
Joel Butkowski, BDI Photography
ACCOUNTINGJudy Zetterlund
WEBSITEVicki Lenneman
CORPORATE SPONSOR
110 Sixth Avenue South • P.O. Box 487, St. Cloud, MN 56302-0487
Phone (320) 251-2940 • Fax (320) 251-0081 www.BusinessCentralMagazine.com
For advertising information contact Wendy Hendricks, (320) 656-3808
Editorial suggestions can be made in writing to: Editor, Business Central, P.O. Box 487, St. Cloud, MN 56302-0487. Submission of materials does not
guarantee publication. Unsolicited materials will not be returned unless accompanied by a stamped,
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© Copyright 2014 Business Central LLC
Business Central is published six times a year by the St. Cloud Area Chamber of Commerce,
110 Sixth Avenue South; P.O. Box 487, St. Cloud, MN 56302-0487 • Phone (320) 251-2940
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ACTIVITY
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Profile is a new approach to weight loss. It is based on the three core principles of living a healthy life: Nutrition, Activity and Lifestyle. Our unique coaching program pairs certified Profile coaches with each member providing a personalized meal plan, a way to track your progress with the latest technology and support every step of the way.
As a Profile employer partner, all employees will receive half-off their Profile membership at no cost to the employer. Tell your human resources director to inquire about becoming a Profile employer partner today.
Discover the advantage of being a Profile employer partner.
Discover more at ProfilePlan.net.(320) 497-7020
125-11036-0187 5/14
10 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
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MasqueradeValuable workplace behaviors, left unexamined, can result in self-imposed limits and poor productivity. Reviewed by Fred E. Hill
BooK REVIEW
T ipping Sacred Cows
reveals what it takes to
overcome the dangerous
behaviors that masquerade
as virtues at work and how
you can lead with fewer self-
imposed limitations and greater
results. Author Jake Breeden
identifies the dark side of the
seven most sacred cows at
work. For each of these sacred
cows, Breeden offers proven
and powerful strategies for
overcoming their allure and
achieve real results.
An unexamined
reverence for sacred cows
is a wide-ranging, universal
phenomenon. Specificity
is required to achieve real
performance improvement.
“The seven business virtues
that can turn into the
most powerful, hidden,
and damaging sacred cows
are: balance, collaboration,
creativity, excellence, fairness,
passion, and preparation.”
These seven qualities (sacred
cows) show up in workplaces
across the globe. And they are
too often rarely questioned.
Each has a reputation for
being good and virtuous. But,
unexamined can have harsh
effects. Each of the seven is
extremely valuable.
I’ve listed the seven
sacred cows below, with each
unproductive masquerade
scored out and each virtue
bolded:
Bland Bold BalanceAutomatic Accountable CollaborationNarcissistic Useful CreativityProcess Outcome ExcellenceOutcome Process FairnessObsessive Harmonious PassionBackstage Onstage Preparation
Bold Balance at work
rejects compromise as a default
and saying yes to all things
as wisdom. Accountable
Collaboration means working
together instead of just making
a decision to do so. Case in
point: does this work really
need more than me? Useful Creativity delivers value,
not just novelty. Sometimes
borrowing, modifying, or
recycling an existing idea
might be best. Outcome Excellence focuses on the
outcome, not the process.
Sometimes high standards
might choke progress. In certain
situations constant learning
and tweaking could be the
best route. Process Fairness
requires that leaders are able
to discriminate between what
they want or need and what
someone else wants or needs.
Organizations need to focus on
beating the competition, not
their employees. Harmonious Passion for work is best when it
is in harmony with other parts
of our life.
Read the book to learn
about Onstage Preparation. BC
Dr. Fred E. Hill is an emeritus
professor of Learning Resources
and Services, at St. Cloud State
University.
Tipping Sacred Cows;
Kick the Bad Work Habits
that Masquerade as Virtues
by Jake Breeden, Jossey-
Bass, San Francisco, 2013
ISBN 978-1-118-34591-7
Initiative Foundation hires; secures grantAlyson Twardowski and Amanda Magnan recently joined the Initiative Foundation. Twardowski, communications and donor services assistant, has a Bachelor of Arts degree from Bethel University. Magnan, organizational development assistant, is a student at Minnesota School of Business pursuing a degree in business management.
The Corporation for National and Community Service awarded a $250,000 grant to the Initiative Foundation to extend the foundation’s role as a Volunteers In Service To America (VISTA) sponsoring organization into August 2015. As a sponsoring organization, the Initiative Foundation oversees the recruitment, placement, training, and supervision of 18 VISTA members across Central Minnesota.
Marco recognizedMarco, Inc. was named 2013 Central Area Small to Medium Business Partner of the Year by Cisco, a national networking equipment retailer. The award was presented to Marco for taking a leadership position in implementing unified communications and cloud networking systems through Cisco processes.
NEWSREEL
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10 12 13 14 16 17 18
Book Review Getting Going People to know Your Voice in Government Business Calendar New in Town The Trouble with Business
Twardowski Magnan
Apollo, a division of
North Risk Partners, is a
complete insurance broker for
customers, delivering products
and risk management services to
address every insurance need.
Dedicated PeoplePeople are key. Founder John
Delinsky tapped the community
for talent in 1982, hiring hard
working, honest, respectful, and
reliable people ready to serve.
“Our staff is family,” says DeEtte
Wurm, partner since 2007,
along with Barry Quernemoen.
(Steve Thelen became a partner
in 2008.) “We don’t stress
hierarchy. Instead, our licensed,
dedicated people work together
between business insurance,
personal insurance, benefits, and
bonding departments.”
Full Product LineApollo provides a full line of
products—commercial and
personal insurance, group
health, life, and individual
benefits—with agents licensed
to offer them all. “Typically,
agents handle either Property
& Casualty business or benefits,
but not both,” says Wurm.
“However, we believe that
having multi-line producers is
the best way to deliver seamless
service to customers.”
Partnership PowerStrong partners increase Apollo’s
ability to deliver more. The
agency joined forces in 2013
with Johnson McCann of
St. Paul, robust in employee
benefits, and C.O. Brown of
Rochester, complementary with
Apollo in Property & Casualty
business, creating the second
largest private insurance agency
in Minnesota with $20 million in
annual revenue.
Among the new resources
are a health and wellness
division, which helps customers
design programs and conduct
assessments, and expanded loss
control and human resource
services that provide a dedicated
hotline for customers to call with
questions. “These services have
been a huge addition to our
value-add,” says DeEtte. “We’ve
received a tremendous amount
of positive feedback from
customers already.”
Future PlansApollo and its partner agencies
are moving to a single
management system to increase
efficiency. The agency also plans
to expand its geographic reach
into the Dakotas, recently hiring
a producer in western Minnesota
to spearhead the effort.
Going forward, Apollo will
continue to do whatever it takes
to provide customers a complete
package of risk management
capabilities and insurance
protection. •
SMART BUSINESS: APollo INSURANCE AGENCY
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 11SPONSORED PROFILE
Apollo Delivers Complete Insurance Package From Commercial and Personal Insurance to Benefits, Apollo offers them all
“We are always looking to hire good people, explore new markets, and purchase agencies that are a good fit for us, we will consider
any opportunity that helps us enhance the value of services we can bring to our clients.” —DeEtte Wurm
48 staff: including 35 in St. CloudLocations: St. Cloud, Albany, Melrose, MonticelloPartners: John Delinsky, Steve Thelen, Barry Quernemoen, DeEtte Wurm
622 Roosevelt Rd., Suite 240 • St. Cloud, MN 56301 320.253.1122 • www.apolloinsurance.com
12 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
By Greg Vandal
I must admit to harboring
sensitivity regarding
perceptions of what I used
to do as opposed to what
I do now. There are firm
recollections, planted from
spirited conversations, about
how educators have often
been implored to “run (your)
school more like a business.”
I once developed an address
– somewhat snarky in nature,
now that I think about it –
in which I challenged the
state’s Chamber of Commerce
Executive Directors when they
met in St. Cloud some years
back, to “run your business
more like a school.”
The point being made to
me was that, especially in the
deployment of resources and
in the measurement of results,
the education community
could benefit from some of the
practices regularly employed
in the private sector. Ironically,
advanced training in school
administration often includes
coursework in business
finance, organizational
management, Six Sigma,
and Continuous Quality
Improvement. Many of the
classes I took were delivered
through a respected School of
Business rather than through
the College of Education.
The point I tried to make in
return was that an unswerving
focus on the bottom line,
rather than the organizational
mission, often negatively
impacts the persons in the
organization and/or those
served by that company.
Besides, I was aware of the
failure rates among startup
businesses – even today,
according to a recent report
from the Small Business
Development Center at
Bradley University, nearly one
out of two new businesses are
closed after a three-year mark.
All of this is mostly a
pointless – and near fruitless –
debate. One of my nonprofit
clients said not too long
back that “we have to be in
business to be in business.”
When I probed further, she
stated what should have been
obvious to me from the start:
Any organization – public or
private, for profit or not – must
constantly engage in best
business practices in order to
survive.
Certainly, those best
practices have to be tailored to
the circumstance. Restaurant
owners need to calculate labor
costs and food prices carefully
in order to deliver high quality,
affordable meals to willing
customers. And, this must
be done to produce enough
margin for the operator to
keep the establishment open.
A school administrator
has to consider labor costs
to determine staff to student
ratios and balance those with
supply budgets and other
infrastructure expenses to
create an environment in
which children want to learn.
While different market forces
and different regulatory
agencies might come into play,
the fundamental business
practices are very much the
same.
Time has given me a wider
face and grayer hair. It has also
shown that the old sensitivity
was wrongly placed. Both
sides, it seems, were right after
all. BC
GEttiNG GOING
Bell joins Trace DesignRosalie Bell joined Trace Design as client coordinator. Bell has over 20
years of experience in sales, marketing, and presentations. She works to expand the client base of Trace Design in the Twin Cities metro area.
Sleep Center reaccreditedThe St. Cloud Hospital Sleep Center received a five-year reaccreditation from the American Academy of Sleep Medicine (AASM). Accreditation is reserved for facilities that display and maintain proficiency in testing procedures and policies, patient safety and follow-up, and physician and staff training. The St. Cloud Hospital Sleep Center was the first in Central Minnesota to be nationally accredited by the AASM.
Chmielewski recognizedLinda Chmielewski, MS, RN, NEA, BC, vice president of St. Cloud Hospital
Operations/Chief Nursing Officer, was honored by The Women’s Health Leadership TRUST for providing excellence in health care. The Women’s Health Leadership TRUST works to advance women leaders in health care, influence public policy, and improve health care in their communities. She was one of 35 women recognized at the 2014 forum in Minneapolis.
Hughes Mathews relocates, changes firm nameHughes Mathews, P.A. has relocated its office to District Square, 622 Roosevelt Road in St. Cloud. The firm also changed its name to Hughes Mathews Greer, P.A. Members of the firm are: Thomas E. Mathews, John L. Greer, John F. Mathews, James P.A. Morrighan, and kevin J. Hughes (of counsel).
NEWSREEL
To Be in Business
Bell
Chmielewski
UPFRONTNETWORK
Greg Vandal is the sole proprietor of Vox Liberi, a consulting business that delivers
planning and project management services to clients in the public, private, and nonprofit
sectors. He can be reached at [email protected]
About the writer
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 13
PEoPlE TO kNOW
Tim SchmidtRejuv Medical(320) [email protected], Waite Park Chamber
The Waite Park Chamber, a division of the St. Cloud Area Chamber of Commerce, is a place where business, education and government come together for the betterment of the community. Programs include the Waite Park State of the City address.
Chad HougFaceTime Business Resources(320) [email protected], Sauk Rapids Chamber
The Sauk Rapids Chamber, a division of the St. Cloud Area Chamber of Commerce, promotes a healthy business environment in the community of Sauk Rapids. Volunteers and committee members work in cooperation with member businesses, local government, the public school system and other community organizations.
Tim McLeanRasmussen College(320) 251-5600 [email protected] Chair, Technology and Education Conference Committee
The Technology and Education Conference Committee organizes the Chamber’s annual fall conference covering technology and education topics related to medical, legal, business, and information technology. Volunteers recruit speakers and sponsors who provide educational seminars and staff display booths. The event is open to all Chamber members and the general public.
Jessica Mergen Ward Minnesota School of Business(320) [email protected], Volunteer Committee
The Volunteer Committee creates and maintains a system to communicate volunteer opportunities at the Chamber to interested members, helps recruit volunteers, and helps recognize current volunteers and their companies throughout the year. Committee members are responsible for organizing the Star Celebration, the Chamber’s annual volunteer recognition celebration.
People of interest within the St. Cloud Area Chamber of Commerce community.Get to know them
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14 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
Stanislawski joins Jovanovich, Kadlec & Athmannkristi Stanislawski
joined Jovanovich, kadlec & Athmann as an attorney. She practices in the areas of litigation, municipal law, criminal prosecution, family law, and elder law. Stanislawski previously worked as an attorney for the licensing boards of the Minnesota Supreme Court.
Bernick Family Foundation awards $150,000The Bernick Family Foundation awarded over $150,000 in grants focused on enriching the lives of youth and improving health. The grants are administered through the Central Minnesota Community Foundation. A climbing wall at Clara’s House and a school outreach tour of the Science Museum of Minnesota are among the projects selected for funding.
Laraway recognizedSteve Laraway, independent financial advisor with Laraway
Financial Advisors, Inc., was named to the Cambridge Premier Club 2014 by his independent broker-dealer, Cambridge Investment Research, Inc. This honor recognizes a financial advisor’s success based on delivering the highest level of client service, a commitment to Cambridge’s core values, and a high level of financial success.
Nordmann joins El Jay PlumbingSonia Nordmann joined El Jay Plumbing as director of business
development. She has eight years of industry experience.
NEWSREEL
Stanislawski
Laraway
YoUr VoiCE IN GOVERNMENT
St. Cloud Area Evening at the CapitalPhotos by Jim McAlister, Tell-A-Vision Productions
PoiNt OF VIEW
Business Central asked readers: What does your business or organization do to build teams?”
“We hold special events and get together after work.” —William Hart, US Army Recruiting Center
“We have caregiver meetings quarterly to solve our client and caregiver challenges.”—Margaret Kotula, Home Instead Senior Care
“We have a summer party and a Christmas potluck and get together.”—Andrea Lodermeier, Minnwest Bank M.V
Jessica Mergen Ward Minnesota School of Business
Terry Kritzeck Andy’s Towing Co.
“
“
We create a fun environment through positive attitudes and feeding off the energy from our great students!”
We have incentive programs and we encourage the younger team members to learn from employees with more experience and vice versa.”
John Herges, Falcon National Bank (L) and Sen. LeRoy Stumpf
Scott Mareck, WSB & Associates (L) with Rep. Zach Dorholt
Rep. Jeff Howe and Jane DeAustin, Central Minnesota Builders Assoc.
Rep. Paul Torkelson with Chamber President Teresa Bohnen
Ryan Daniel, Metro Bus (L) and Sen. John Pederson
Pam Raden, The Johnson Group Marketing (L) and Sen. Michelle Fischbach
Julie Lunning, St. Cloud Area Chamber’s Convention & Visitors Bureau (L) and Rep. Tama Theis
Leslie LeCuyer, Central MN Arts Council with St. Cloud Mayor Dave kleis
UPFRONTNETWORK
Nordmann
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 15
it HAPPENED WHEN?
1982 ALL ABOUT ST. CLOUD
W ere you a resident of
St. Cloud in 1982? Do you
remember what the city was like?
The St. Cloud Area Chamber of
Commerce can help jog your memory
with its 1982 game All About St. Cloud.
Created by Windsor Publications
and sponsored by the Chamber and
59 other businesses, All About St.
Cloud – the Game of St. Cloud was
a fun, promotional opportunity to
go along with the Chamber’s annual
Membership Directory.
The Chamber and sponsoring
organizations sold games throughout
the area. Although we no longer
have any copies for sale, the board
game might turn up in your family’s
storage or basement. One copy is
also on display at the Stearns History
Museum.
The goal of the game is to collect
Travel Cards and make your way
around St. Cloud circa 1982. Similar
to Monopoly, participants were
required to visit local banks and
collect money in order to pay for
Travel Cards and other expenses.
All of the game pieces, money,
and Travel Cards were sponsored
by different businesses and
organizations. BCTop: Chamber members play a game of All About St. Cloud
Above: All About St. Cloud board game
Member FDIC. ©2014 Bremer Financial Corporation. All rights reserved.
Bremer.comDowntown St. Cloud 251-3300 • West St. Cloud 656-3300Sauk Rapids 252-1938 • Sartell 255-7121 • Rice 393-2600800-908-BANK (2265)
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16 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
Canadian manufacturer
Edmonton Trailer recently
closed on a property acquisition
of an existing 30,000-square-
foot warehouse that was part of
the Verso Paper Mill in Sartell.
This is the company’s first U.S.-
based operation and is expected
to add 60 jobs in the next two
years. This transaction marks the
first repurposing for the former
paper mill operation.
Edmonton Trailer specializes
in the production and sales of
heavy transportation equipment
for the trucking industry. The new
Minnesota facility will allow the
company to use complementary
local vendors, expand their
existing product line, and enhance
service to many of their current
customers in the United States.
The company investigated
several locations in the Midwest
before selecting Minnesota and
Sartell. They worked with Casey
O’Malley and Kevin Brink, INH,
to complete the sale. BC
CentraCare Vascular Center accredited; Ibeling hiredCentraCare Heart & Vascular Center has been accredited by the Intersocietal Accreditation Commission (IAC) for its pediatric transthoracic and fetal echocardiography program. It is one of only a few sites in Minnesota to hold this distinction.
Sarah Ibeling, CNP, recently joined the CentraCare Clinic – River Campus hospitalist team. She previously served in the United States Army where she was deployed to work in the Abu Ghraib Prison Hospital in Iraq and most recently worked as a registered nurse at Fairview Northland Medical Center in Princeton, Minn.
Leighton Broadcasting recognizes employeesThe following Leighton Broadcasting employees were recognized at the 2013 annual awards ceremony for outstanding performance:•• Doris Westra, 2013 Top Biller•• Stephanie Theisen, 2013 Digital Sales Manager “Rookie of the Year”•• Andrew Metzen, “2013 Rising Star”
Welter receives ATHENA AwardDr. Patricia Welter, retired educator, was selected as the 2014 ATHENA Award recipient for her dedication to education, domestic violence and for inspiring others in the community. The ATHENA program is administered by the Women’s Fund of the Central Minn. Community Foundation.
NEWSREEL
July 16 & August 20
Waite Park ChamberFor businesses interested in Waite
Park issues. Lunch is provided by the
host when you register at least two days
in advance. 11:30 a.m. – 1 p.m.
JULy 16: Hosted by The Legends at
Heritage Place at Texas Roadhouse,
345 2nd St. S, Waite Park. The
meeting includes a presentation on
“Why Hiring People with Disabilities
Works” by Tom Herges, St. John’s
University.
AUGUST 20: Hosted by Minnesota
School of Business, 1201 2nd St. S,
Waite Park.
July 17 & August 21
Business After HoursA complimentary open house for
Chamber members and guests.
Bring lots of business cards and
prepare to grow your network!
4:30 - 6:30 p.m.
JULy 17: Hosted by D. J. Bitzan
Jewelers, 203 Waite Ave. N,
Waite Park
AUGUST 21: Hosted by
HealthPartners Central MN Clinics,
2251 Connecticut Ave. S, Sartell
August 28
Sauk Rapids ChamberFor businesses interested in Sauk
Rapids issues. Lunch is provided by the
host when you register at least two days
in advance. 11:30 a.m. - 1 p.m.
JULy: No meeting.
AUGUST 28: Hosted by the Sauk
Rapids Chamber. Includes a
three-minute Business Showcase.
Location: Sauk Rapids Government
Center.
August 8
Government AffairsA discussion of local government
issues on the second Friday of the month, 7:30 - 9 a.m. at the Chamber
office, 110 6th Ave. S.
JULy: No meeting
AUGUST 8: Emerging legislative topics.
Can’t-miss opportunities to influence, promote and learn
BUSINESS CALENDARJULY-AUGUST 2014 •• Visit events.StCloudAreaChamber.com for a detailed calendar.
Chamber OpenThe 68th annual Chamber
Open is August 11 at the
St. Cloud Country Club,
301 Montrose Rd., St. Cloud.
The event begins with a
shotgun start at 11:30 a.m.
Dinner follows the event at
5:30 p.m.
iN tHE NEWS
Edmonton Trailer chooses former Verso property for U.S. expansion.
For information on these or other business events, call 320-251-2940.
Westra Theisen Metzen
UPFRONTNETWORK
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 17
NEW iN TOWN
Melinda Vonderahe President & Publisher, Times Media
Age: 42
When did you start in your current position? July 2013
Who was your previous employer? I’ve been with
Gannett for 19 years starting in
Cincinnati. Most recently I was
in Appleton, WI where I worked
for Gannett Wisconsin Media as
the Marketing & Digital Director
for a group of ten newspapers in
the state.
What will you miss most about your previous position? I miss the people that I worked
with in Wisconsin. That team
shared a lot of the same great
attributes that I have experienced
since moving to Central Minnesota
–great work ethic, trusting, fun-
loving Midwest personalities.
What are you looking forward to the most in your new position?
I’m looking to make a difference
for my organization and the
community where I live.
I want to look back on my time and
experiences in St. Cloud and know
that I contributed positively toward
the lives of people in this area.
Where did you grow up? The majority of my childhood
was spent in the suburbs on the
western side of Cincinnati, Ohio.
I am a Midwestern girl and prefer to
live in areas that share Midwestern
values, culture and faith.
What are your hobbies? I am married with three children.
Between my work and my
family time, it leaves me very
little time for much else. As a
family, we enjoy the theatre,
movies, hiking, biking, reading,
and just having fun! BCFUN FACT: The summer after my senior year in high
school, I had an Olympic equestrian rider ask me to move
from Ohio to Washington state to train underneath her.
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18 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
tHE troUBlE WITH BUSINESS
Tough Decisions
By Mike Roth
Why are some businesses
more successful than
others? Is it because they are
smarter than their competition?
Are they lucky? Or is it some-
thing else?
In his most recent book,
The Advantage, Patrick Lencioni
states that “Healthy trumps
smart.” If you had to choose
healthy or smart, he suggests
you should choose healthy.
Healthy will help you become
smart, but smart won’t make
you healthy.
As I work with business
owners and their leadership
teams implementing the
Entrepreneurial Operating
System (EOS), my goal is
to make them healthy AND
smart. In this process, I see
strong evidence that supports
Lencioni’s claim.
The key to success is
definitely in the people
component of any business and
is directly related to creating a
clear compelling vision and a
healthy culture. Often teams are
made up of smart people that
are stuck.
On the other hand, I see
teams that don’t necessarily have
any real strong individuals, but
they have achieved success simply
because they were very healthy.
When teams are both smart and
healthy, magic happens.
Smart vs. HealthyThe key is the ability to confront
and make the difficult decisions.
Some of those decisions involve
the “Smart” part of running a
business, things like strategy,
business plans, budgets,
investment choices, and so on.
We tend to be pretty good at
these because they’re objective,
often quantifiable, and it’s what
we’re taught when we learn
how to run businesses.
The much tougher decisions
are the ones that really
determine whether we get
what we want. These involve
the “Healthy” part of running
a business, things like culture,
alignment, accountability and,
most difficult of all, people.
About the writerMike Roth is the president of Reventus, a business consulting firm, and a certified implementer
for the Entrepreneurial Operating System. He can be reached at [email protected].
Learning to make the tough decisions will help you take your business to the next level.
ProcessPro employees named business awards finalistskarly Peters and Dan Erickson, ProcessPro, were named finalists for the 2014 American Business Awards. Peters, marketing manager, was named a Marketer of the Year finalist, while Erickson, product manager, was named Product Developer of the Year finalist.
Bosek joins BremerNathan Bosek joined Bremer Investment Services and
Raymond James as a financial advisor. He is licensed in life and health insurance and has a bachelor’s degree in economics from Concordia College. He has experience as a private banker, investment officer and financial advisor.
Cruikshank joins GSDCGail Cruikshank joined the Greater St. Cloud Development Corporation (GSDC) as talent director. This position is part of the GSDC’s talent initiative, which aims to develop and launch a regional talent portal and create a new brand for the Central Minnesota region. Cruikshank has experience in recruitment, candidate networking, succession planning, training development and administration, and talent management and development.
Sayre listed in Who’s Whokelly Sayre, director of sports and special events for the St. Cloud
Area Chamber’s Convention & Visitors Bureau, was recently recognized as a top 20 “Who’s Who” leader in the sports industry by Sports Destinations Management magazine.
Compiled by Whitney Bina. For consideration in News Reel send your news release to [email protected]
NEWSREEL
Bosek
Sayre
UPFRONTNETWORK
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 19
Tough Decisions
Most of us struggle with
these issues because they can’t
be quantified and often involve
letting go of something – or
someone – familiar, safe and
comfortable. These decisions
require us to do things that
we’ve been socialized NOT to
do, especially telling people
things we think they don’t
want to hear. To make this
even harder, few of us are ever
taught how to be good at the
“Healthy” part of running a
business.
“Healthy” means having
a strong culture and vision
that gets people engaged and
aligned. It means being great at
accountability. It means being
truly open and honest with one
another, so that difficult issues
and decisions are addressed, not
avoided, allowing the company
to move forward.
The next time you take a
clarity break, try asking yourself
these questions:
• How strong is our culture?
• Does the culture attract and engage the kinds of people we want?
• If we asked our people – all of them – to describe our culture and vision, how many different answers would we get?
• Are our lines of accountability crystal clear? When an issue arises, do we all know immediately who owns it?
• How open and honest are our conversations? What do we hold back?
• How clear is our vision?
• Are our people willing to come into a meeting having NOT done the things they told their teammates they would do by that date, or is that simply unthinkable?
In the answers to these questions, you will find the places where your team, and therefore your business, is less healthy than it could be. These are the most important issues you face, the ones that are keeping you from getting what you want. The good news is that they can be solved (yes, we can help with that – it’s a process, not a mystery). Solving them will set you on your way. BC
Stearns Insurance Services recognizedStearns Insurance Services, Inc., was recognized among Grinnell Mutual Reinsurance Company’s top 50 agencies and 12 farm companies for outstanding achievement in the insurance profession and for superior performance. The award was presented to Jim Wensel, who received a 2014 President’s Club plaque from Grinnell Mutual. Grinnell Mutual provides reinsurance for farm mutual insurance companies and property and casualty insurance products in the Midwest.
iN tHE NEWS
Tammy Reis,Vice President, Lending
Rich Remer,President
A strong team for business.Bank on it.
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20 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
25 year Chamber member Vacuum Center & Sewing Room, 41 21st Ave. N, St. Cloud. Pictured: Diane Ohmann, Doug Morris, Perry Pierce, Diane Tucker, Paul Ankenman, Dean Fladmo and Bob Lien.
Seitz Stainless, fabricators of custom and contract processing equipment for food, dairy, and pharmaceutical industries, 17578 400th Street, Avon. Pictured: Jason Bernick, Janet Haviland, Jeff Haviland and Brian Jarl. Alliance Building Corporation, a full
service general contractor, offering preplanning and site development, architectural design management, estimating and cost control, 3709 Quail Road NE, Sauk Rapids. Pictured: Corey Gerads, Julie Braun and Greg E. Theis.
Your Home Improvement Company, specializing in all types of home repair and improvement and all sizes of projects, 3900 Roosevelt Road, Suite 125, St. Cloud. Pictured: Inese Mehr, Steven Little and Shannon Templin.
New Member - Photo omitted.Ted’s RV Land, travel trailer/RV sales, service and parts, 28501 E Highway 55, Paynesville.
Stearns Lending, Inc. – Home Loans Division, 4150 2nd St. S, Suite 330, St. Cloud. Pictured: Roger Schleper, Amy Gotvald, Aimee Okerstrom, Patricia Dahl and Diane Ohmann.
Old Country Buffet, restaurant, 3333 W Division St., St. Cloud. Pictured: John Stachowski, Laura Martinez, OC Bee, Kris Neupauer, Marco Hanson, Luke Cesnik and Stephanie Gerrard.
Firehouse Subs, submarine sandwiches, catering available, founded by firemen, 335 5th Ave. S, St. Cloud. Pictured: Roger Schleper, David Konshok and Greg E. Theis.
One Hour Heating & A/C, 2 21st Ave. S, St. Cloud. Pictured: Brian Jarl, Gary Sargent, Joseph Opheim and Diane Ohmann.
Advance Your Goals, 1125 1st St. S, Suite 440, Sartell. Pictured: Diane Ohmann, Maria Mosca and Beth Putz.
The Wine Shop by Nicholas Barth, high end liquor store that carries craft beer, wine, whiskey and other liquors, 218 6th Ave. S, St. Cloud. Pictured: Roger Schleper, Tom Pickard, Steve Pickard, Nick Barth and Luke Cesnik.
toP HATS | Milestones
toP HATS | New Members
toP HATS | New Members
Customized TrainingAffordable. Professional. Personalized.
Corporate Education & Outreach provides customized training tailored to fit your needs.
We also offer: Seminars Workshops Conference Planning Services Career Training (online & classroom)
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J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 21
D & B Auto Body, LLC, full service collision repair facility and more, 603 N Benton Dr., Sauk Rapids. Pictured: Scott Anderson, Nikki, Brandon, Kenan and Leilani Anderson.
Auto Excellence, automotive repairs, 30 Lincoln Ave. SE, St. Cloud. Pictured: Dolora Musech, Jay Magney, Tom Rekowski, Josh Theisen, and Mike Moder.
ZeroRez, cleans and sanitizes residential and commercial properties with patented empowered water eliminating the need for harsh soaps, shampoos, and detergents. Zero soaps, zero residue, 24335 18th Ave., St. Augusta. Pictured: Diane Ohmann, Aaron Heath and Beth Putz.
Farm Bureau Financial Services, 637 2nd St. S, Waite Park. Pictured: Diane Ohmann, Ben Bjerk and Dolora Musech.
Graniteman Events, Inc., a race management company, 1009 Industrial Dr. S, Sauk Rapids. Pictured: Roger Schleper, Larry Stracke, Bill Corcoran and Tauna Quimby.
Cold Spring Bakery Connection, 103 2nd St. S, Waite Park. Pictured: Dave Borgert, Andria Schurman and Dolora Musech.
toP HATS | New Members
Minnesota Center Chorale, a regional 80 member choir that performs a wide repertoire of classical and contemporary music, 32351 91st Ave., St. Joseph. Pictured: Keith Larson and Brian Jarl.
Net V Pro, managed services, 110 6th Ave. S, Suite 100, St. Cloud. Pictured: Paul Berndt, Jon Schloesser, Curt Richter and Brian Jarl.
Pearl Dental, 1716 2nd Ave. N, Sauk Rapids. Pictured: Tauna Quimby, Dr. Chris Mertensotto and Dolora Musech.
The Paint Store…and MOOORE!, 3707 3rd St. N, St. Cloud. Pictured: Beth Putz, Karl Hinkemeyer, Ted Statz and Inese Mehr.
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22 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
Community Grassroots Solutions, non-profit organization serving Central Minnesota, 18 23rd Ave. N, St. Cloud. Pictured: Jama Alimad and Dolora Musech.
Top Tier Cake, a specialty cake business that sells to individuals and restaurants, 335 75th Ave. NE, Sauk Rapids. Pictured: Beth Putz, Lynn Zormeier and Inese Mehr.
Tyco SimplexGrinnell, provides a comprehensive array of fire alarm, fire sprinkler, fire suppression, integrated security, sound and healthcare communications systems and services, 820 Sundial Dr, Waite Park. Pictured: Dave Borgert, Jon Wiener, Thomas W. Miller, Greg Evans, Josh Wells and Diane Ohmann.
Great Northern Environmental Solutions, LLC, energy audits, litigation consulting, compliance inspection, insurance claims and alternative energy usage, 512 3rd St. N, Waite Park. Pictured: Julie Forsberg, Ron A. Euteneuer and Shannon Templin.
C. H. Robinson Worldwide, Inc., one of the world’s largest third party logistics providers, 3717 23rd St. S, Suite 200, St. Cloud. Pictured: Shannon Templin, Brent Weber, Alison Schroeder and Julie Forsberg.
Black Financial Services, Inc., focusing on the financial needs of businesses and individuals, 110 Avon Ave. N, Avon. Pictured: Beth Putz, Karen Korneck, Margo Black Scepaniak and Inese Mehr.
US Army Recruiting Center, 2719 W Division St., Suite 118, St. Cloud. Pictured: Dolora Musech, SFC Randall Williams, SFC Edward Foust, SSG Brian McCraney, SSG George Mixon and Julie Forsberg.
McKay’s Dodge/Chrysler/Jeep/Ram, 2020 Frontage Road S, Waite Park. Pictured: Marty Golembeski, Travis Benoit, Dolora Musech, Gary Foss and Jeff Zylla.
ADS Designs, LLC, drafting and design of new homes large or small, garages, additions, sheds, decks and more, 3728 Old Stone Court NE, Sauk Rapids. Pictured: Beth Putz, Anthony Steinemann and Jayne Greeney Schill.
Lube Tech, offering the most advanced lubrication and energy solution to maximize productivity, efficiency and equipment life, 3341 Southway Drive, St. Cloud. Pictured: Dolora Musech and Jamie Morford.
toP HATS | New Members
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 23
Negen and Associates, architectural and interior design services for worship, commercial office, retail, funeral, industrial, healthcare, and senior housing clients, 711 41st Ave. N, St. Cloud. Pictured: Jill Magelssen, Lon Negen and Kris Hellickson.
Kona Ice Central - St. Cloud, a mobile shaved ice vendor, specializing in fundraising, 24681 22nd Ave., St. Augusta. Pictured: Jayne Greeney Schill, Tracy and Mike Sharp, and Inese Mehr.
Rejuv Medical, orthopedic and sports medicine, weight loss and wellness center, aesthetic and regenerative medicine, 901 3rd St. N, Waite Park. Pictured: Brian Jarl, Tag Downare, Tim Schmidt, Joel Baumgartner, MD, J.R. Burgess, and Scott Anderson.
BioLife Plasma Services, collecting blood plasma and compensating the donors for their time, has a second location at 651 10th Ave. S, Waite Park. Pictured: Diane Ohmann, Michael Schroeder, Alison Manderscheid, Matt Nieuwsma, Jeremy Hennessey, Kelly Kadlec, Taylor Kaeter, Shanda Cutler and Shannon Templin,
Central Minnesota Habitat for Humanity, helping low-income families through affordable home ownership, 3335 W Saint Germain St., Suite 108, St. Cloud. Pictured: Brian Jarl, Bruce Johnson and Roger Schleper.
Kalpin Dentistry, high-quality comprehensive dental care for patients of all ages, 1545 Northway Drive, Suite 150, St. Cloud. Pictured: Roger Schleper, Dr. Jennie Kalpin and Diane Ohmann.
Loffler Companies, managed IT services, managed print services, content management, and print solutions, 28 11th Ave. S, Suite 102, St. Cloud. Pictured: Roger Schleper, Darren Kappes, Craig Thielman, John Detra and Inese Mehr.
Shrewd Real Estate, 2757 Ocarina Drive, Sauk Rapids. Pictured: Chris Panek, Jason Tangen and Dave Borgert.
Abel & Wright, collecting B2B debt using highly-trained professionals who understand business complexities and protect your brand with respect and integrity, 12360 Ronneby Road NE, Foley. Pictured: Greg E. Theis, Amy Marquard and Roger Schleper.
Werschay Homes, 28 11th Ave. S, Suite 101, St. Cloud. Pictured: Beth Putz, Dave Werschay and Roger Schleper.
toP HATS | New Businesses toP HATS | New Locations, Ownership & Expansions
St. Cloud Surgical Center1526 Northway Drive • St. Cloud • 251-8385 • 800-349-7272
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Accredited byAccreditation Association for Ambulatory Health Care, Inc.
Celebrating 42 Years of Excellence
in Caring for You!
Celebrating 42 Years of Excellence
in Caring for You!
Continuing to Make a Difference!
Continuing to Make a Difference!
24 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
Network!2014 Business Awards Luncheon Photography by Todd Myra, Todd Myra Photography
NEtWorK CENTRAL
Melissa Kelley, J. F. Kruse Jewelers (L), 2014 Small Business of the Year and Cathy Juilfs, AIS Planning
Seated from left: Tim and Sonny Kosloske and Deb Kosloske Kittridge, Granite City Armored Car, 2008 Small Business of the Year. Standing: Corey Hansen, US Bank (L), and Roger Bonn, Peters Body Shop, 1995 Small Business of the Year
Bonnie Supan and Joyce Brenny, Brenny Transportation. Brenny was the 2012 Women in Business Champion
Brian Bauerly, formerly of the Bauerly Companies (L), the 2001 Entrepreneurial Success Award, and Ben Swenson, Midwest Machinery, 2014 Emerging Entrepreneur
Jill Magelssen, Express Employment Professionals and Dick Bitzan, DJ Bitzan Jewelers, 2010 Family Owned Business of the Year
Andrew Hawkins, AIS Planning (L); Mark Traut, Mark J. Traut Wells, 2008 Small Business of the Year; Stefan Freeman, BankVista
Paul Seipel (L) and Brian Weber, Midwest Machinery, 2014 Emerging Entrepreneurs
John McDowall, McDowall Company, 2009 Entrepreneurial Success Award recipient
UPFRONTNETWORK
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 25
Profıt!NEtWorK CENTRAL
John Herges, Falcon National Bank, (center) presents the 2014 Family Owned Business of the year award to Pat (L) and Paul Duininck, Royal Tire
Bill Knoblach, Gilleland Chevrolet Cadillac, sponsor of the Business Central Mark of Excellence, presents the award to Midwest Machinery. From left: Paul Seipel, Knoblach, Andrew Swenson, Ben Swenson, Brian Weber, and Adam Weber.
Melissa Kelley and Jim Kruse, owners, J. F. Kruse Jewelers, the 2014 Small Business of the Year
Some of the employees from Royal Tire celebrate the company’s recognition at the 2014 Business Awards Luncheon. Seated from left: Owner Paul Duininck; company founder and father of the current owners, Roger Duininck; and owner Pat Duininck.
John Herges, Falcon National Bank, presents the 2014 Small Business of the Year award to Melissa Kelley and Jim Kruse, J. F. Kruse Jewelers Paul Duininck, Royal Tire
Online nowFor more photos visit www.BusinessCentral Magazine.com
26 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
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Doing Good Tech Strategies Going Green Management Toolkit Economy Central
26 28 29 30 34
Over the years Plaza
Park Bank increased
its charitable giving and yet
company leadership couldn’t
clearly demonstrate the
difference they were making
on the community. In an effort
to gain some control over
the process, they created a
Community Impact Committee
in 2012. This committee,
consisting of four staff members
that rotate each year, meets
monthly to make decisions
about community requests.
The committee developed a
number of criteria to help them
make their monthly decisions:
Purpose, intended impact, and
geo-region. The committee
determined that the focus of
giving would be on youth and
student development. Special
preference is given when
students or youth themselves
demonstrate leadership for a
special cause. For example, the
Kids for Kids project, hosted by
Catholic Charities, is an effort
started by students in local high
schools to provide essential
living items to homeless
students in their own school
district.
When the committee can
see that the result will be
deep, even for a few children,
they are likely to pay closer
attention to the request. As
a local bank with locations
in Waite Park and Sartell,
requests within the St. Cloud
metro are preferred.
One significant change
Plaza Park made because of the
Community Impact Committee
is how they support school
sports teams and arts programs.
“We were buying ads in almost
every sports program and yet
not feeling as though we were
really making an impact,“
said Tara Gronhovd, director
of client experience. Instead
the committee chose to give
larger gifts to school district
foundations so each district can
determine the best use of those
funds to support the extra-
curricular activities.
The committee still
considers special project
requests from local teams
and organizations. “It’s not
about purchasing ad space,”
Gronhovd said. “We want
to ensure we’re making a
difference. This approach has
helped PPB become more
focused while having a deeper
impact on the youth of our
community.” BC
Community ImpactIn order to demonstrate value through their charitable giving, Plaza Park Bank uses a Community Impact Committee
DoiNG GOOD
tECH NEWS
A Whole New Touch ScreenThe MIT Media Lab’s Tangible Media Group recently unveiled inFORM, its dynamic shape display which, besides being really cool, allows you to interact with real objects by reaching through your screen. Check out the video at www.BusinessCentralMagazine.comSource: Buzzfeed.com
Stay VigilantPerch is a mobile app that allows business owners to keep tabs on competitors and track online conversations about their companies. Launched in 2012, it won the 2013 Appy Award for Best Business App. Perch tracks online conversations about your company, then sends you mobile notifications and daily email digests. It also allows you to create a personal Watchlist of nearby businesses that matter to you.Source: PerchApp.com
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 27
tECH NEWS
E-LEARNING FOR BUSINESSThe Business Technology Simplified online course series teaches the benefits of using modern technology to improve business productivity and creativity. The program covers a range of areas including: Desktop Technology Benefits, Saving Time Using Technology, Using Web-Based Services, Reaching More Customers by Extending Your Business Online, and Managing Your Sales Pipeline. The program is made available to businesses free of charge through the U.S. Small Business Administration and Microsoft. Source: US Small
Business Administration
A Holographic iPhoneHere’s another cool video. Apple’s recent patent application for a holographic iPhone has imaginations going wild. Fast Company tracked down a concept video by Mike Ko, who has created animations for companies such as Google, Nike, Toyota, and NASCAR. The short clip simulates what it might look like if images left the iPhone screen and floated in the air. Source: Fast Company
You can watch it at www.
BusinessCentralMagazine.com
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28 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
BUSINESS TOOLSGROW
facebook has taken the
lead on the business
market and continues to
make changes and add features
to help businesses use the tool
to deliver results. Here are
five proven practices to help
your organization increase
engagement, reach,
and followers on Facebook:
Play post tag. The more you connect with
others, the more others connect
with you. When crafting a post
about the recent recognition
event, tag employees in the
status – not just the picture.
You can do this by using the @
symbol and then their names as
they appear on Facebook.
This is the fastest way to
increase the reach of a post
on Facebook by allowing you
to leverage its social and viral
nature. Each time you tag, you
connect with the individual and
their network of friends.
This may require you to
build your own friend network
and connect with coworkers
and customers. Facebook
requires administrators to
personally be Facebook friends
with anyone they tag in a post
on a business page.
Make photos a staple. We have become a visually-
hungry culture and there are
few places that demonstrate that
as well as social media. Photos
are more engaging than words
and consistently gain more
interaction from Facebook users
than text-only status updates.
Make it a rule to include a
photo with every post. When
possible, create a series of three
or more. Each photo provides an
opportunity to tag more users
and connect with their friends.
Experiment with angles and
depth (closer is usually better)
to build interest and give your
photos more character.
Post micro videos.Nothing engages individuals
better than a short, entertaining
video. It does not have to be
professionally produced. In fact,
it’s better if it’s not. Facebook
users appreciate raw, unplugged
and spontaneous videos. The
video should be short; 10-20
seconds is best.
The next time you think
about taking a picture to upload,
use your smartphone to take a
video instead. Micro videos can
capture your target audience’s
attention longer than anything
else and keep them coming
back.
Ask a question that almost anyone can answer.One of the best ways to initiate
dialogue is to ask a question.
Make a weekly question part of
your content plan. The question
should connect back to your
organization and be as easy to
answer by the broadest number
of fans as possible. Questions
about moments of life or asking
people to choose between two
or three items often achieve the
most engagement.
Ask a question once a week
on the same day and see how
much traction you get after 4-6
weeks. Review your insights and
post the question when your
fans are most active.
Give something away.We like to win – no matter
the value. Ask fans to like or
comment on a post to win a
prize and you will see instant
engagement. Boost the post
through Facebook’s advertising
tool for additional reach to
friends of your fans or another
target market.
Choosing a winner is easy
with tools like Woobox.com.
You can track engagement
on your posts and randomly
select a winner with the click
of a button. You also can easily
develop sweepstakes-type posts
or offer coupons.
Follow these five practices
regularly and within six months,
you will be seeing better results.
Within a year, your Facebook
presence could take on a new
level with double the fans, triple
the engagement, and reach as
far as you want to take it. BC
tECH STRATEGIES
Proven AbilityFacebook remains the top social media player for businesses of all sizes and types. By Dawn Zimmerman
About the writerDawn Zimmerman is CEO of The Write Advantage, a St. Cloud-based communications company that specializes in social media.
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 29
GoiNG GREEN
Keep it CoolImplementing a few energy-saving tips in your office can help the bottom line.
“Tune-up” your heating, ventilating and air-conditioning (HVAC) system with an annual maintenance contract. A contract automatically ensures that your HVAC contractor provides “pre-season” tune-ups before each cooling and heating season. You save energy and money, and your system may last years longer.
Change, or clean, HVAC filters every
month during peak cooling or heating
seasons. Dirty filters cost more to use,
overwork the equipment and result in
lower indoor air quality.
Use fans to maintain comfortable
temperature, humidity and air
movement, and save energy year round.
Moving air can make a somewhat
higher temperature and/or humidity
feel comfortable. Fans can help delay
or reduce the need for air conditioning,
and a temperature setting of only
three to five degrees higher can feel as
comfortable with fans. Each degree of
higher temperature can save about three
percent on cooling costs. BCSource: U.S. Small Business Administration
The Bakken5XThe Bakken oil boom is more than five times larger than the oil boom in the 1980s
29 millionThe number of barrels of oil produced in North Dakota in January 2014
17 millionThe number of barrels of oil produced in North Dakota in January 2011
236The number of building permits issued in Williston, ND in 2013, down 38 percent from 2012
31.2%The increase in construction and land development loans for Bakken oil counties in the 4th quarter of 2013
1.6%The unemployment rate in Bakken oil counties in March 2014Source: The Federal Reserve Bank of Minneapolis
BY tHE NUMBERS
30 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
regardless of political
views, business ideals or
economic situation, the
new minimum wage law will
take effect before cleats are laced
and helmets are strapped for fall
captains’ practice. Minnesota’s
new minimum wage law
begins August 1, 2014, and
despite the range of opinions,
there are several key points all
Minnesotans should know.
To start, there will be a new
definition of what it means
to be a “large” or “small”
employer. Large employers are
those having gross sales over
$500,000 with small employers
having gross sales under that
amount. This new definition
matches the federal definition of
“large” and “small” employers.
Understanding the new
definition will set the playing
field for understanding the rest of
the law.
Beginning August 1,
2014, Minnesotans will see
a progressively increasing
minimum wage for the next
three years with automatic
inflationary increases thereafter.
For large employers, the
minimum wage will start at
$8/hour on August 1, 2014,
increasing to $9/hour on
August 1, 2015, and then
to $9.50/hour on August 1,
2016. Small employers follow
a similar stepped increase with
the minimum wage starting at
$6.50/hour on August 1, 2014,
increasing to $7.25/hour on
August 1, 2015, and then to
$7.75/hour on August 1, 2016.
The law also includes an
inflation index sometimes
called “indexing,” which will
start on January 1, 2018. The
inflation index will be used to
increase minimum wage in
relation to general inflation in
the marketplace. To determine
this amount, the state will use
a calculation set by the U.S.
Department of Commerce’s
Bureau of Economic Analysis.
The inflationary increase is
capped at 2.5 percent per year
and will not be reduced in a year
with negative inflation.
The Minnesota and federal
minimum wage laws are
not identical. Employees are
entitled to the higher of the two
minimum wages when both the
state and federal minimum wage
laws apply. Large employers in
Minnesota must comply with
the higher Minnesota minimum
wage. However, because
Minnesota’s minimum wage for
small employers in 2014 is less
than the federal minimum wage
(currently set at $7.25/hour),
small employers should carefully
consider whether the federal
or Minnesota statute applies
to them and pay the higher
minimum wage. In addition,
small employers who anticipate
crossing the $500,000 in gross
sales definitional threshold mid-
year should speak with their
legal counsel ahead of time to
MANAGEMENt TOOLkIT
Game Changer Minnesota’s minimum wage law is changing. Here’s a playbook to help keep you on the right side of the foul line. By Julie L. Fisk and Rachael R. Holthaus
About the writers
Beginning August 1, 2014, Minnesotans will see a progressively increasing minimum wage for the next three years with automatic
inflationary increases thereafter.
BUSINESS TOOLSGROW
Julie L. Fisk and Rachael Holthaus are attorneys at Quinlivan & Hughes, P.A. in St. Cloud. Fisk practices in the areas of employment law and business law. Holthaus practices in the area of business litigation.
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 31
avoid trouble with the Minnesota
Department of Labor.
Unlike some of our
neighboring states, employees in
industries that receive tips must
still be paid at least the minimum
wage per hour, and the employer
may not take a tip credit against
the minimum wage. In addition,
the minimum wage rates apply to
all hours worked by the employee,
whether part time or full time.
The changes to the minimum
wage law are quickly approaching
and will affect many Minnesotans.
Preparing your game plan now
will allow your business to take
the field on August 1 without
receiving a foul under Minnesota’s
new wage laws. BC
NATURE’S POWER SOURCEOzgur Sahin, Ph.D., believes that water evaporation is the largest power source in nature. In an effort to demonstrate the potential of this untapped resource, Sahin and his fellow researchers have created prototype electrical generators with rubber
sheets that move in response to changes in humidity thanks to a coating of bacterial spores.
In initial experiments, Sahin discovered that a tiny, flexible, spore-coated silicon plank could generate 1,000 times as much force as human muscle when the humidity was increased from that of a dry, sunny day to a humid, misty day. This is 10 times greater than materials currently used to build actuators. Sahin also calculated that moistening 1 lb. of dry spores would generate enough force to lift a car 1 meter off the ground.Source: Gizmag.com
GoiNG GREEN
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Chilled Glazed Salmon
32 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
By Tracy knofla
Quick, think of three
things you wish were
happening in your
workplace! Realizing greater
profits probably tops the
list. Followed by better pay
and benefits. Possibly ending
with, a more harmonious work
environment. If these three items
appear on your wish list, you’re
in good company. But are they
in the right order?
According to a 2013 Gallup
Poll, 70 percent of Americans
feel unhappy at work. Only 30
percent of American employees
feel engaged or inspired at
their jobs. The 2013 State of
the American Workplace Report
estimates that “widespread
disinterest and unhappiness in
the office is not only affecting
company morale, but is costing
the U.S. $450 billion to $550
billion a year. Those who are
actively disengaged aren’t just
unhappy – they act out their
unhappiness by undermining
what their engaged coworkers
accomplish.”
The way that employees
treat each other on the job
matters. Employees in a
workplace where incivility
is tolerated or ignored often
experience a wide range
of problems, according to
WorkplaceBullying.org. These
include high levels of stress,
high blood pressure, depression,
trouble with personal
relationships, insomnia, and
substance abuse.
These issues manifest within
the workplace as absenteeism,
decreased efficiency, high
employee turnover, delayed
goal achievement, over-worked
supervisors, and a lack of
trust between employees and
management.
Most organizations operate
in a more streamlined way than
in years past. This operational
style requires a high level of
teamwork and cooperation,
both of which are impossible
when incivility is present in
the workplace. So, how do we
create civility in our workplace
when today’s world provides so
few good examples?
Here are a couple of things to try: Implement business policies and
practices that make reporting
and confronting negative behavior
easier for both the employees and
managers.
–––––––––––
Teach bystander-intervention
techniques to all employees so
they can help intervene for their
co-workers.
–––––––––––
Empower employees to create
change within the organization,
thereby reducing resentment,
and decreasing opportunities for
maltreatment. BC
MANAGEMENt TOOLkIT
Civility in the Workplace Unhappiness in the office is costing U.S. companies up to $550 billion a year.
According to a 2013 Gallup Poll, 70 percent of Americans feel unhappy at work.
Only 30 percent of American employees feel engaged or inspired at their jobs.
About the writerTracy Knofla is the co-owner and featured consultant of High Impact Training. She has been presenting to audiences across the country for more than 25 years. Special thanks to Peter Cavrell, The Boost Group, for contributions to this article.
BUSINESS TOOLSGROW
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 33
CHECKliSt
Start at the Top A workplace that actively encourages civility will demonstrate and support the following behaviors:
l Executive staff members enthusiastically and publicly model appropriate behaviors.
l The company actively engages in community service events and recognizes and encourages their employees’ civic contributions.
l Employees and supervisory staff listen to each other without judgment.
l Expectations are clearly communicated throughout the organization.
l Old disappointments and prior unresolved issues are forgiven.
l Employees who add positivity within the workplace are recognized and rewarded.
l Appropriate training and redirection are offered to employees who have not fully embraced the attitude of civility.
l Disagreements are handled face-to-face with only the appropriate personnel present.
l Employees are encouraged to interact with each other and share their common interests.
l Sentiments about company goals and decisions are solicited and shared in a constructive manner.
l Performance feedback is delivered and received in a timely and professional manner.
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ECONOMY CENTRALPRESENTED BY FALCON BANK
Economy Central presented by34 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
The Panelists:
Brian Schoenborn attorney, Stinson Leonard Street Lisa Ellis, director of construction and real estate, Coborn’s, Inc.
Mark Geller, owner, High Impact Training Jay Johnston president and CEO, American Heritage National Bank
Chris Rice president and CEO, Rice Building Systems
OPPORTUNITY or THREAT?The North Dakota oil boom is stretching its economic fingers into Central Minnesota.
By Whitney Bina
Does the North Dakota oil
boom pose a threat to
the Central Minnesota
economy or are you crazy not
to get involved? Local industry
leaders gathered at the 52nd
Annual Winter Economic
Institute to discuss growing
business opportunities in North
Dakota.
A panel of business
executives, sponsored by the
St. Cloud Area Chamber of
Commerce, agreed the North
Dakota oil boom provides
positive economic opportunities
for local businesses that have
the resources and personnel to
expand next door.
Panel members were:
• Chris Rice, president and
CEO, Rice Building Systems
• Jay Johnston, president
and CEO, American Heritage
National Bank
• Mark Geller, owner, High
Impact Training
• Lisa Ellis, director of
construction and real estate,
Coborn’s, Inc.
• Brian Schoenborn, attorney,
Stinson Leonard Street
How is your company taking advantage of the huge market potential in North Dakota due to the oil boom?
Rice: As the demand for new
buildings and establishments
continues, the number of job
opportunities for our company
increases. It’s exciting to see the
population of people out there
screaming for development.
Schoenborn: Many of our
clients have opportunities
in North Dakota. They need
resources and access to
professional services.
What are some challenges you face as you develop your business in North Dakota?
Johnston: The banking
industry faces its own
challenges. “There are many
different people from different
areas of the country in North
Dakota, which leads to a lack of
financial trust.”
Can you estimate the financial impact of expanding to North Dakota?
Johnston: It has been a
substantial new opportunity
for us and the region. Local
community members who earn
money in North Dakota bring it
home and spend it here.
Schoenborn: Our company
continues to grow as North
Dakota booms. Our clients go
where opportunities are and
they are finding opportunities in
North Dakota.
How does North Dakota’s tax policy compare to Minnesota’s for your business?
Geller: Doing business in
North Dakota is easier. There
are no tax consequences and we
don’t experience any red tape
in North Dakota as we do in
Minnesota.
What do you expect to happen in North Dakota in the next 10-20 years?
Geller: The boom is here for
quite awhile and it’s going to be
beautiful for everyone.
Johnston: There will always
be opportunities in North
Dakota, but opportunities will
change. Plan resources and
financing with this in mind.
What advice can you give to businesses seeking to take advantage of the North Dakota oil boom?
Geller: It’s a lot of work.
Schoenborn: Be open-
minded and learn. Connect with
resources that are already out
there.
Ellis: Build relationships and
conduct market research.
Johnston: There’s no room for
mistakes; do your due diligence.
Rice: Use acquaintances to
discover successes and failures.
There are lots of opportunities,
but be prepared to work. BC
Whitney Bina is the
communications and workforce
development coordinator at
the St. Cloud Area Chamber of
Commerce.
SCSU ECONOMIC INSTITUTE
Online nowFor more information visit www.BusinessCentral Magazine.com
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 35
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
Non Farm Jobs2013-2014 % CHANGE
Benton & Stearns CountiesMinnesotaUnited States
-3.0%
-2.5%
-2.0%
-1.5%
-1.0%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
AMFJDNOSAJJMA
St. CloudMinneapolis/St. PaulMinnesotaUnited States
Unemployment Rates2013-2014
3%
4%
5%
6%
7%
8%
AMFJDNOSAJJMA
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
ECoNoMiC iNDiCAtorS & TRENDS
Residential Building Permits Commercial Building Permits
Employment
Sources: Building departments for the following cities: St. Cloud, Sauk Rapids, Sartell, Waite Park, St. Augusta, and St. Joseph.
Source: www.positivelyminnesota.com Source: www.positivelyminnesota.com
= exceeds chart scale
Compiled by Sharon Henry, data current as of 6/11/14
Economy Central presented by
36 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4 Economy Central presented by
Cost of Living - Minnesota
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
0.7%
0.8%
MinnesotaCentral MN
Product CreationBUSINESSES CREATING NEW PRODUCTS IN LAST YEAR
.79%.71%
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578$
901,
692
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
ECoNoMiC iNDiCAtorS & TRENDS
Housing/Real Estate
Commerce/Services
Gross Domestic Product
Sources: Tax Collections – City of St. Cloud Incorporations - MN Secretary of State, Graph courtesy of SCSU
Housing/Real Estate sources: St. Cloud Area Association of Realtors, http://stcloudrealtors.com/pages/statistics; Benton County Sheriff’s Civil Process; Stearn’s County Sheriff’s Office; http://thething.mplsrealtor.com/
Sources: Minnesota Compass led by Wilder Research; Bureau of Economic Analysis - www.BEA .gov.
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
Sauk RapidsRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
St. CloudRESIDENTIAL BUILDING PERMITS
$0
$50k
$100k
$150k
$200k
$250k
AMFJDNOSAJJMA
Waite ParkRESIDENTIAL BUILDING PERMITS
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
St. AugustaRESIDENTIAL BUILDING PERMITS
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. JoeRESIDENTIAL BUILDING PERMITS
$0
$.5M
$1M
$1.5M
$2M
AMFJDNOSAJJMA
SartellRESIDENTIAL BUILDING PERMITS
No. of permits 91 141 143 170 181 167 140 69 23 20 27 58 104 No. of permits 4 57 65 49 50 47 45 7 8 7 13 19 31 No. of permits 16 150 19 57 40 52 48 27 10 11 8 13 24 No. of permits 7 9 7 8 5 15 11 7 3 1 1 2 10 No. of permits 1 16 9 21 8 15 18 4 2 0 2 8 12 No. of permits 5 17 1 17 10 11 10 12 11 9 12 13 15
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Sauk RapidsCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$1M
$2M
$3M
$4M
$5M
$6M
AMFJDNOSAJJMA
St. CloudCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
Waite ParkCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
AMFJDNOSAJJMA
St. AugustaCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
AMFJDNOSAJJMA
St. JoeCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
$0
$200k
$400k
$600k
$800k
$1M
AMFJDNOSAJJMA
SartellCOMMERCIAL BUILDING PERMITS, CONSOLIDATED
No. of permits 40 39 28 38 22 29 35 41 65 21 30 22 34
0
2
4
6
8
10
12
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsBENTON COUNTY
0
5
10
15
20
25
30
AMFJDNOSAJJMA
Sheri� ’s Foreclosure AuctionsSTEARNS COUNTY
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
DNOSAJJMAMFJ
United States Nonfarm JobsUNITED STATES - MONTHLY % CHANGE
-0.2
0.0
0.2
0.4
0.6
0.8
DNOSAJJMAMFJ
Local Nonfarm JobsBENTON AND STEARNS COUNTY - MONTHLY % CHANGE
0
1
2
3
4
5
1st Quarter4th Quarter3rd Quarter2nd Quarter
Gross Domestic Product2013-14 QUARTERLY % CHANGE IN REAL GDP
0
50
100
150
200
AMFJDNOSAJJMA
Home Sales Closed - TotalST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Lodging Tax DollarsST. CLOUD
$0
$30k
$60k
$90k
$120k
$150k
AMFJDNOSAJJMA
Food & Beverage Tax CollectionsST. CLOUD
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
DNOSAJJMAMFJ
Minnesota Nonfarm JobsMINNESOTA - MONTHLY % CHANGE
4%
6%
8%
10%
DNOSAJJMAMFJ
Unemployment RatesCOUNTRY WIDE
No. of permits 6 3 7 5 6 0 2 6 1 2 1 46 3 No. of permits 7 11 141 3 1 1 2 1 3 0 1 1 3 No. of permits 8 4 3 8 8 7 8 16 10 3 3 6 8 No. of permits 0 0 2 1 3 5 0 0 0 0 2 1 1 No. of permits 6 19 1 8 5 6 6 8 7 1 0 6 10
St. CloudMinneapolis/St. PaulMinnesotaUnited States
$0
$50k
$100k
$150k
$200k
AMFJDNOSAJJMA
Median Housing PricesMINNESOTA
St. CloudMinneapolis/St. PaulRochester
2.5%
4.1%
0.1%
2.4%
$2,0
54,4
85
$2,7
04,2
37
$2,2
87,8
38
$2,6
22,0
23
$2,1
19,2
48
$2,0
97,0
18
$2,5
34,0
86
$17,
172,
684
$19,
854,
821
$8,2
41,7
05
$12,
840,
741
$9,9
76,3
66
$8,0
24,9
00
$1,1
70,9
00
$1,0
14,8
00
$5,
000
$0
$19
,000
= exceeds chart scale
XXXXXXXX
XXXXXXXX
$0$21,733
$10
,404
N/A
$0
$1,000
$90,578
$90
1,69
2
$0
$2,2
84,5
00
$2,3
59,7
50
$2,0
21,1
94
$2,7
50,9
00
$3,3
25,1
00
$234
,300
$462
,175
$2,4
75,2
00
$3,2
69,9
62
$3,3
97,2
62
$2,1
35,9
00
$231,218
$11
2,50
0
$4,0
80,9
08
$486
,300
$1,0
25,7
37
ECONOMY CENTRALPRESENTED BY FALCON BANK
The Cost of Living index measures regional differences in the cost of consumer goods and services, excluding taxes and non-consumer expenditures, for professional and managerial households in the top income quintile. It is based on more than 90,000 prices covering almost 60 different items for which prices are collected quarterly by the St. Cloud Area Chamber of Commerce. Small differences should not be interpreted as showing any measurable difference, according to ACCRA.
St. Cloud 1st Qtr 2013 95.0 107.8 76.2 100.7 91.2 108.9 102.9
St. Cloud 2nd Qtr 2013 94.0 101.7 75.3 93.3 97.8 111.8 102.7
St. Cloud 3rd Qtr 2013 92.9 100 76.3 84.7 95.7 112.3 102.8
St. Cloud, MN 94.6 101.9 76.4 92.9 95.2 112.7 103.6Annual Avg.
Minneapolis, MN 110.1 115.7 117.3 97.8 103.8 99.1 109.9
St. Paul, MN 109.0 113.5 114.5 96.6 104.5 100.5 109.5
Mankato, MN 94.0 97.7 80.6 95.8 102.1 104.1 97.9
Cedar Rapids, IA 91.9 86.8 82.7 102.3 94.8 101.7 95.6
Eau Claire, WI 91.7 91.4 76.4 93.3 100.0 110.0 97.3
Wausau, WI 93.4 89.1 81.2 104.6 97.9 103.1 98.2
All Ite
ms
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ry
Item
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g
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es
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CareTran
s-
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tion
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/ Ser
vices
ACCRA COST OF LIVING INDEX - 2013 Annual CompilationMinnesota and other Upper Midwest Cities of Comparable Size to St. Cloud
0 50
100
150
200
250
New York (Manhattan), NY 220.4
New York (Brooklyn), NY 171.5
Honolulu, HI 169.1
San Francisco, CA 161.6
San Jose, CA 149.3
New York (Queens), NY 152.0
Stamford, CT 144.1
Washington, D.C. 140.1
Orange County, CA 141.6
Hilo, HI 144.6
Among the 306 urban areas participating in the first quarter report, the after-tax cost for a professional/managerial standard of living ranged from more than twice the national average in Manhattan, NY to almost 18 percent below the national average in Norman, Ok.
TOP TENMost Expensive Urban Communities
Economy Central presented by
x John HergesPresident and CEO
VALUING EACH AND EVERY CUSTOMERFalcon National Bank invites you to experience a new type of banking. Our philosophy has always been to provide personal, courteous service and to furnish our customers with the most up to date, quality financial products available in the banking industry today while also exceeding expectations. We take great pride in offering more than just banking; we offer long-lasting relationships built on growth and financial trust.
www.FalconNational.com
That’s me.
Member FDIC
38 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
Pat (L) and
Paul Duininck,
owners of Royal Tire
in St. Cloud.
>>
We'rehere
Since 1997 royal Tire has been following an aggressive growth strategy.
Yet this home-grown company prides itself on maintaining the same family
feel it has cultivated for over 60 years.
Written by gail ivers
Photos by Joel butkoWski, bDi PhotograPhy
40 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
“We made our first acquisition
only two months after we bought the
company,” said Pat Duininck, CEO of
Royal Tire in St. Cloud. Pat, along with
his brother, Paul, purchased Royal Tire
from their father in 1997.
“When we took over, we had this
wild idea to grow,” said Paul Duininck,
company vice president. “We saw our
competition growing and we thought
maybe we should grow with them,
stay up with the competition. So we
expanded the business considerably in
the first couple of years.”
“We wanted to borrow money,
we wanted to expand territories. We
basically wanted to make things larger.
Not knowing anything, about anything,
we did three major acquisitions the year
after we took over,” Pat said. “It was
tough. It nearly sank us.”
Like many family-owned companies,
Pat and Paul Duininck grew up in the
business. Their father, Roger Duininck,
started St. Cloud Tire and Tread in 1963,
providing sales, service and retreading
for commercial truck tires. Both men
recall working in the store as children,
sweeping floors, stocking shelves,
changing tires, and eventually helping in
the retread plant and with service calls.
In 1987 Roger Duininck purchased
Royal Tire in St. Cloud. The two
companies were direct competitors, but
similar in size and scope. At $8 million
in sales, the purchase doubled the size
of St. Cloud Tire and Tread. Royal Tire
also brought with it a Bandag retreading
plant. St. Cloud Tire and Tread converted
to the Bandag retreading method and
rebranded itself as Royal Tire.
By this time, both Pat and Paul were
well established in the company having
worked as commercial salesmen and
store managers. Paul, with Roger’s help,
purchased a small store in Monticello.
Pat, with a background in computers and
accounting, was in the business office.
By the mid-1990s, Roger was talking
about a succession plan and Pat and Paul
were pushing to grow. “Dad had this
good, mature business that he wanted
to protect,” Pat said. “Paul and I were
interested in growing the company and
the two can’t happen together. So he
decided to turn it over to us.”
In 1997 the transition was made
and Pat and Paul were off and running.
“To this day those early acquisitions
were probably the biggest challenge
we’ve ever faced,” Pat said. “It put a
lot of pressure on our people. It put a
lot of pressure on our cash flow… but
we learned from it, and in the end it
turned out just fine.”
Maybe better than fine. Today
the company has 300 employees,
26 stores, and a growing footprint
that extends from Rochester, Minn.,
to Williston, ND, to Virginia, Minn.
They have tripled their sales since
1997 and grew a fledgling wholesale
business by 10 times, selling it in
2011. In 2013 they acquired their
third manufacturing plant, located
in Rochester, Minn., positioning
themselves for significant growth and
expansion.
“The commercial tire business is
a pretty old business,” Pat said. “But
we’ve incorporated technology that
allows us to share information with our
customers so they can reduce their costs
and be more successful. Some of our
competitors use it, too, but we were the
first to embrace it years ago.”
“One of the things that sets us
apart from our competition,” Paul
added, “is that we provide service
24-7. Our philosophy is never say no
to a commercial customer. We have
a service network and whether it’s
midnight or 2 a.m., we will have a
service truck out to help your fleet.
Our competition works 9 to 5. We will
service every call we get. We probably
did several calls last night.” Royal tire
has 50 trucks on the road to service
commercial customers at any one time.
Sometimes, growth hurts.
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 41
recognizing excellence
Royal Tire was started in 1948 and acquired by Roger Duininck, in 1987. As with most small businesses, brothers Pat and Paul Duininck grew up helping out around the family business,
which provides retail and commercial tire sales, service and repairs, and operates three retreading plants in Minnesota.
Paul officially joined the business in 1979, followed by Pat in 1984. A slow transition process started, which gathered speed as Pat and Paul pushed for a more aggressive growth plan. “We wanted to expand our territory at a quicker pace,” Pat said. “Dad wanted to take things a little more slowly and deliberately. So he decided it was time to sell us the business.”
The brothers started their expansion immediately, making three acquisitions within the first year. “That was probably our biggest challenge,” Pat said.
Today the company is about three times the size it was when Pat and Paul took over, earning them the 2014 St. Cloud Area Family Owned Business of the Year Award. This award is presented annually to a business that has been passed from one generation to another and run successfully by the next generation for at least 15 years.
What really sets the company apart, according to company President Mick Pickens, is the commitment Pat and Paul have for the company to be part of the community and to respect both employees and customers. “I know it sounds cliché,” Pickens said, “but we’re growing because of our employees and the communities we’re in. We really feel that our customers are our guests and members of our family. We’re repairing our neighbors’ cars; our friends’ cars.”
42 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
fun fact
During the summer, Royal Tire retreads about 700 tires per day across the company. In 2013 the company serviced 137,000 tires.
Something else that sets Royal Tire
apart is their network of manufacturing,
or retreading, plants. The company
currently owns three Minnesota plants:
St. Cloud, Montevideo, and Rochester.
“The Rochester acquisition was maybe
the most amazing thing we’ve done since
I’ve been at Royal Tire,” according to Mick
Pickens, company president. “It added a
manufacturing plant and manufacturing
is really key in the commercial tire
business.” Retreading operations are
franchises offered primarily through
Bandag, the largest retreading franchise
in the world. “They’re not creating any
new franchises so the only way to secure
one is through acquisition. We worked
on this for about five years,” Pickens said.
“It allows us to leap frog into Wisconsin,
Iowa, and maybe into Chicago some day.”
Retreading is important because of
the cost savings for customers. “A new
commercial tire might cost $510 – just one
tire,” Paul said. “We can retread that tire
for $200. And you can retread a tire many
times. I’ve seen tires coming off waste
fleets that have 10 to 12 retreads. As long
as the tires pass inspection, we can retread
them. Retreading is also better for the
environment.”
Plant locations become critical
because Royal Tire guarantees one week
When a retreaded tire comes off the line
at Royal Tire it looks like new.>>
turnaround on retreading, allowing
for only one day in the shop. “We
have salesmen all over the state,” Paul
explained. “They pick up tires from the
customers and bring them to plant. They
receive a barcode and are identified as
the customer’s tires.” The tires then go
through a complex inspection process to
make sure they’re still good. “If they pass
the inspection we grind the rubber off the
tire, put new tread on the tire, and run
it through a bunch more quality checks.
When it’s all done, the tire comes out and
looks like a new tire.”
Though their focus is on commercial
sales and service, along the way Royal
BuSineSS Profile
Royal Tire Corporate Office3955 Roosevelt Road St. Cloud, MN 56301
Phone: 877-454-7070
website: www.RoyalTire.com
owners: Brothers Pat and Paul Duininck
LeadershiP team: Pat Duininck, CEO; Mick Pickens, president; Paul Duininck, vice president of operations; Brad Burley, vice president of retail
mission statement: To exceed the expectations of our guests, employees, and community every day.
business descriPtion: A full service retail and commercial tire company, including auto service, and 24-hour commercial roadside tire service.
Locations: Royal Tire has 26 stores: 10 retail and 16 commercial operations: Alexandria, Brainerd, Fergus Falls, Grand Forks, Hibbing, Marshall, Minneapolis, Montevideo, Monticello, New Ulm, Newport (South St. Paul), Rochester, Savage, St. Cloud (Highway 10 and I94), St. Paul, Virginia, Waite Park/St. Joseph, and Williston, ND. Many of the retail operations are co-located with the commercial stores.
manufacturing: Royal Tire owns and operates three manufacturing, or retreading, plants in Minnesota: St. Cloud, Montevideo, and Rochester
number of emPLoyees: 300
Paul Duininck, Vice President of Operations, Royal Tire
age: 53
hometown: St. Cloud
education: 3 years at SCSU, then on the job training
work history: Started working in the shop at
Royal Tire in the summers during high school. Started as a
tire tech, then retread tech, moved to outside sales, then inside sales, then to store manager to current position.
famiLy: Wife Jeanne, married for 31 years; son Bobby, 29 - married last year to Amber, works for Royal Tire; son David, 26 - teaches 8th grade English in Mesa, AZ. Getting married to Christie in July.
hobbies: Racquetball, golf, fishing, hunting
advice to a wouLd-be entrePreneur: Don’t be afraid to work hard and seek the advice of experts when needed.
best advice you’ve received and who gave it to you: “Build win-win relationships in everything we do.” — My father Roger Duininck
PerSonAl ProfileS
Pat Duininck CEO, Royal Tire
age: 50
hometown: St. Cloud
education: Brown Institute and
St. Cloud Business College
work history: Started at Royal Tire in 1985
famiLy: Married 24 great years to Rachel, 2 kids: Megan 24, in medical school at the University of Minnesota; Craig 21, junior hockey player in Canada
hobbies: Fishing and golf
advice to a wouLd-be entrePreneur: Whatever business you pioneer, work to re-invent it and stay ahead of everyone else.
best advice you’ve received and who gave it to you: “Work harder and know more.” — My dad Roger Duininck
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 43
44 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
Tire added a retail division. Accounting for
only about 20 percent of the company’s
business, the Duinincks found that
offering retail products was another way
to service their commercial clients. “They
have pickup trucks and four-wheelers that
they’re using. It just made sense to add
retail to our mix,” Pat said.
When it comes to growth, the
Duinincks have learned that finding the
right employees is harder than weathering
a bad economy. “We added eight stores
and sales are up 30 percent since 2008,”
Pat said. “The recession wasn’t that bad
for us. We had to make some adjustments,
but not like other companies did.
Retreading and tire repair goes up in an
economic downturn because it’s more
economical to retread tires than to buy
new. We actually can help customers
through a bad economy.”
Employees are another matter.
“Growth is a big challenge for us,” Paul
said. “We have a lot of ideas and areas we
want to be in, but finding the people to
help us achieve that is really tough.”
“As our store base gets more distant
we have to rely on good people to run
those stores,” Pat added. “That’s always
a challenge to find as many talented,
reliable people as you need. We hire from
within. We have longevity among our
employees. We provide training, tuition
reimbursement, and good benefits. But we
always have job openings on our website.”
Growth and distance create another
type of challenge, according to Pickens.
“We have to keep an eye on the fact that
we want to be a certain kind of company,”
he said. “It’s easier when you’re small
to pay attention to little things – the
community, giving back, employee
recognition, that sort of thing. As we get
bigger it takes a concerted effort to remind
ourselves that we’re only growing because
of our employees and because of the
1948 Royal Tire opens at 1020 St. Germain in downtown St. Cloud.
1963 Roger Duininck founds St. Cloud Tire & Tread Company. The focus of the business is commercial truck tires, sales, service, and retreading. Tire retreading is done with a hot cap process.
1981 Duininck acquires Mathisen Tire, including locations in Brainerd and Virginia, Minn.
1986 St. Cloud Tire & Tread purchases Maus Tire in Monticello, Minn.
1987 St. Cloud Tire & Tread acquires St. Cloud-based Royal Tire with two locations: St. Cloud and Maple Grove. The Royal Tire acquisition includes a Bandag retreading plant. All retreading production is converted to the Bandag retreading method.
1989 A retail service location opens under the Mathisen Tire name in Hibbing, Minn.
1990 Royal Tire-St. Cloud adds the first Bandag Off-The-Road retread plant in the United States.
1995 The TireOne program, a network of independent tire dealers, launches with 35 dealers. The company phases out the St. Cloud Tire & Tread name in favor of Royal Tire. 1996 A Bandag retread plant is added in Virginia, Minn. 1997 St. Cloud Tire & Tread founder Roger Duininck retires and sells the business to sons Pat and Paul. The Maple Grove commercial store relocates to Minneapolis. Pat and Paul purchase Kampa Tire, with locations in Minneapolis and St. Paul and install a commercial rim and wheel reconditioning facility in St. Cloud. The company has about $22 million in sales and 80 employees. 1998 Royal Tire acquires Brandon Tire with service locations in Montevideo and Marshall, as well as a retread shop and distribution center in Montevideo.
1999 A new retail service location opens in Waite Park. Royal Tire commercial service locations are added in Mankato, MN, and Aberdeen, SD.
2000 New, state-of-the-art, distribution center is built in St. Cloud.
2001 New corporate offices open in St. Cloud. Royal Tire is in the top 40 tire retreaders nationally.
2003 Royal Tire acquires Tri-State Tire in Fergus Falls. The Virginia retread plant, and Mankato and Aberdeen service locations close.
2005 Royal Tire opens a new commercial service location in Shakopee, MN and acquires Brown County Tire in New Ulm, Minn.
2007 Royal Tire obtains exclusive distribution rights for Mighty Auto Parts in their trade area; they add a commercial service location in Grand Forks, ND.
2010 Royal Tire adds a commercial location in Waite Park and remodels the Waite Park retail location.
2011 Royal Tire sells the TireOne program that has grown to over 325 independent dealers. Royal Tire acquires Dependable Tire and moves its Shakopee location into Dependable's location in Savage, Minn. The retail/ commercial store in Brainerd moves to separate Brainerd locations. 2012 Royal Tire purchases Tires Plus of Alexandria, its first retail store acquisition since 1999. Royal Tire acquires St. Paul Tire in Newport, Minn. 2013 Royal Tire acquires Midstates Retreading & Wholesale and Northwestern Tire in Rochester, Minn. Royal Tire adds a commercial store in Williston, ND. 2014 Royal Tire is named the 2014 St. Cloud Area Family Owned Business of the Year. They are the 24th largest tire retread company in the U.S. and have almost tripled in size since brothers Pat and Paul Duininck purchased the business in 1997.
TiMeline
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 45
people in our communities. Even when
we’re big, we still need to have those
same values we had 20 years ago.”
The challenges of growth are on
everyone’s mind because the Duinincks
still have aggressive expansion plans.
“We’re going to continue to grow and
expand our territory,” Pat said. “That’s
our future.”
“One of the things I like about working
at Royal Tire is that the Duinincks leave
the money in the company,” Pickens said.
“They do that with the expectation that
the management team is going to grow
the business through acquisitions and new
store start-ups.” Pickens has his sights
set on acquiring a multi-store operation
in the next few years. “We’ve mostly
acquired single store operations over the
last ten years or so,” he said. “But there
are some larger opportunities that we’re
talking to and working on right now. That
will move us up to the next level.”
“We’re the largest Minnesota-based
tire company,” Pat said. “We have good
rapport with our competitors. We tend to
work with them, not against them. We
needed to get to a certain size so the big
guys wouldn’t gobble us up and we still
need to pay attention to that.”
“We’re big enough to do just about
anything we want,” Paul said. “But we’re
small enough that people know us. They
can reach us, touch us, talk to us. We’re
here.” BC
Gail Ivers is vice president of the St. Cloud
Area Chamber of Commerce and managing
editor of Business Central Magazine.
“We helP our cuSToMerS keeP ThingS Working, reduce Their
coSTS And Be More SucceSSful. ThAT’S WhAT our role iS And
When We do iT righT, iT feelS reAlly good.” - PAT duininck
46 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
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Growth trajectory
Women-owned businesses have been making headlines for 25 years. Today their employment and revenue
growth outpaces the rest of the economy. By Whitney Bina
W omen-owned businesses
continue to exceed the national
average in business growth.
Between 1997 and 2013, the number of
women-owned companies in the U.S.
increased by 59 percent. That’s one-and-a-
half times the national average. At the same
time, revenues of women-owned operations
rose 63 percent, according to a report by
American Express.
In Minnesota, the trend continues.
Statewide, the American Express report shows
over 146,000 small businesses were owned by
women in 2013, up from 124,000 in 2002.
“Locally, we continue to see increases
in the number of women who want to
own businesses,” said Barry Kirchoff,
director, Central Minnesota Small Business
Development Center (SBDC). “Last year,
18.6 percent of business owners who sought
help from the SBDC were women.”
In today’s economy, women-owned
businesses succeed across all business
sectors. Greater access to capital, markets
and business networks over the last century
have allowed women to expand into various
industries, including those traditionally
dominated by males, such as manufacturing,
technology, construction, and engineering.
Central Minnesota is no exception.
Christy Gilleland, store manager,
Gilleland Chevrolet, began filing papers at
19.6 %chanGe
1997 2002 2007 2013
1997 2002 2007 2013
108,
417
133,
237
123,
905 14
6,60
0
124,
616 14
0,52
5
123,
233
149,
100
59.2%chanGe
1997 2002 2007 2013
$13,
457,
542 $1
8,63
5,86
2
$16,
251,
660 $2
1,41
9,70
0
Trend in growth of women-owned firms in Minnesota
35.2%chanGe
eMployMenT
nuMber of firMs
sales ($000)
Source: “The 2013 State of Women-Owned Businesses Report,” American Express OPEN
by THe nuMbers
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 47
the dealership when she was 14 years old.
She spent the next several years working
her way through the company, and in 2013,
took over the family-owned operation.
“Trends in the business world are
changing,” Kirchoff said. “When it comes to
succession planning, daughters are having
more of a role in running family-owned
businesses.” This was certainly not the case
even 30 years ago.
Gilleland radiates passion for the company
her father built. “The backbone of my success
is from my dad,” Gilleland said. “My biggest
goal is to continue the legacy he started.”
Gilleland knew from an early age that
the dealership was the place for her. She
worked full time at Gilleland Chevrolet
while attending St. Cloud State University,
where she earned a business management
degree. Upon graduating, she was promoted
to department manager and eventually took
over the entire company.
In 2007, Brenda Eisenschenk began her
company as a one-person operation. Today,
InteleCONNECT, a telecommunications
company, employs three additional full-time
employees and supports sub-agents as needed.
Eisenschenk founded InteleCONNECT
for the customers. “I had worked for telecom
carriers in the area where the primary focus
was new sale acquisition. After the sale,
the customer was typically turned over to a
customer care team,” she said. “I wanted to
find a way to stay with the customer and their
vendors as their needs continued to change.
Starting InteleCONNECT allowed me to
accomplish that goal.”
Customer service remains Eisenschenk’s
number one priority. “The biggest identifier
of success for us is when we have a new
prospect referred to us by one of our
customers,” she said. “We know we are
doing something right when our customers
recommend us to another business to help
them with their needs.”
Success has not come easily for many
privately-held companies in the last six years
since the Great Recession. However, one
bright spot shines through: women-owned
businesses. Women-owned companies have
added an estimated 175,000 jobs to the U.S.
economy since 2007, according the American
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48 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
Express report. And that growth is only
expected to increase. The Guardian Small
Business Research Institute projects women-
owned businesses will create over 5 million
new jobs by 2018.
What drives these women-owned
operations to success? Some argue that
specific leadership styles of women give them
an edge to running a successful business.
According to Central Minnesota business
owners, gender has nothing to do with it.
“All business owners need to possess
the following: Resourcefulness, passion,
independence, and drive,” Kirchoff said.
Race, gender, industry, and age do not make
a difference if a business owner does not have
the internal, integral components of success.
Cars and customer service drive
Gilleland to succeed. “Customer enthusiasm
will always carry the most weight,” said
Gilleland, quoting the Gilleland Chevrolet
philosophy, a business card-size handout
given to every employee and available to
customers. “This has been our philosophy
since day one.”
Eisenschenk’s resourcefulness helps
her achieve success. She takes advantage
of community resources, such as the St.
Cloud Area Chamber’s Executive Dialogue
Groups, and connects with mentors to
improve the areas of her company she’s not
as well versed in. “I came into the business
with a sales background. It was challenging
to handle the marketing, operations,
accounting, and management of the
business in addition to the sales,” she said.
“It was so much easier to put some of those
tasks on the back burner and concentrate
on the sales aspect.
“The Chamber’s Executive Dialogue
Groups have been extremely effective in
using the experience and wisdom of others
to help me grow in areas where I need
assistance,” she continued. “The group also
ensures I’m held accountable for things. It’s
like I have a ‘big brother’ watching over me
to make sure I stay on track and do what I
say I’m going to do.”
Whatever motivates these women
appears to be working. In Gilleland’s first
year as the company leader, Gilleland
Chevrolet achieved twenty percent growth
in both sales and the overall bottom line.
Likewise, Eishenshenk has achieved
many successes. “While most of my original
goals were sales driven, one was to pay off
my initial investment within the first six
years,” she said. She did it in three. BC
Whitney Bina is the communications and
workforce development coordinator
at the St. Cloud Area Chamber of Commerce.
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Sources used in this story: American Express OPEN. (2013). The 2013 State of Women-Owned Businesses Report; Sharon Hadary,
National Women’s Business Council. (2013). Launching Women-Owned Businesses on to a High Growth Trajectory.
1 Have a good plan in place. The Small Business Development Center and Central Minnesota SCORE can help you with this.
2 Surround yourself with good mentors.
3 Know where your strengths and weaknesses are and do not be afraid to hire good people, or outsource, to help where you are weakest.
4 Align yourself with people who share the same core values as you have.
5 Treat people with respect.
6 “Always leave the woodpile a little higher than you found it.” – Be sure to always give a little more of your time, talent or money to others than what was there before.
GeTTinG sTarTed
Are you a prospective business owner who wants to find success? Brenda Eisenschenk, InteleCONNECT, Inc., provides these tips to help you become a better business owner.
THE 2014
Women in Business Directory Introduces you to some of the women who are Redefining Business
DID you KNow? neW opportunities for Women-oWneD BusinessesThe Small Business Administration removed the cap on government contracts set aside for women-owned and economically disadvantaged women-owned small businesses. Prior to May 2013, when the rule went into effect, federal government contracts were capped at $6.5 million for manufacturing contracts and $4 million for all other contracts under the Women-Owned Small-Business Program. Source: U.S. Small Business Administration
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 49
THE 2014
Women in Business Directory
2014 Women in Business Directory 2014
50 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
2014 Women in Business Directory 2014
The Women’s Fund of the Central Minnesota Community Foundation congratulates
2014 AthenA Award RecipientDr. Pat Welter
(320) 240-9423
St. Cloud
(763) 262-2889
Big Lake
(320) 348-2001
Cold Spring
, partner in the law firm of Jeddeloh | Snyder, P.A. practices in the area of family law. She serves on the St. Cloud Area Legal Services Board and the Volunteer Attorney Program Advisory Board.
• Divorce & Family• Guardianship/ Conservatorship• Wills & Trusts• Probate• Real Estate• Business
803 W. St. Germain 101 Red River Avenue35 Lake St. S, Suite #600
Trusted.Experienced.
MARKETING | ADVERTISING | PUBLIC RELATIONS | SOCIAL MEDIA PHOTOGRAPHY | VIDEO PRODUCTION | PUBLISHING | WEBSITES
WENDY HENDRICKS | hendricksmarketing.com | [email protected] 501 W St Germain St #302, St Cloud MN 56301 | 320.293.6379
(320) 240-9423
St. Cloud
(763) 262-2889
Big Lake
(320) 348-2001
Cold Spring
graduated from St.Cloud State University in 1982, and received her Juris Doctorate in 1985 from Hamline University School of Law. She is a member of the Minnesota State Bar Association and the Stearns-Benton Bar Association.
• Divorce & Family• Guardianship/ Conservatorship• Wills & Trusts• Probate• Real Estate• Business
803 W. St. Germain 101 Red River Avenue35 Lake St. S, Suite #600
Experienced.Trusted.
General Litigation Insurance Defense Employment
St. Cloud, MN|320-251-1055|www.rajhan.com
Katherine Fossey Attorney at Law
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 51
Featuring: New Businesses, New Ownership, New Locations, and Expansions. The Face of Leadership & Smart Business Profiles
Check us out online at www.BusinessCentralMagazine.com
For more information contactWendy Hendricks - 320.656.3808 or [email protected]
Coming September 2014
CENTRAL MN GROWTH GUIDE
Deadline: July 25, 2014
52 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
Women experience extra challenges
in life unique to their half of
the population; one of them is
their longer life span. The average 50 year old
women today can expect to live to nearly age
83; almost four years longer than a man of
the same age, according to the U.S. Census
Bureau’s 2012 Statistical Abstract. The Census
Bureau also reports, for the first time, more
women in this country are living without a
husband than with one (America’s Families and
Living Arrangements: 2012. Table A1).
A woman’s longer life span means she
has an increased chance of suffering a
chronic illness which could require some
form of long-term care. This fact alone raises
questions around who will provide care in
your later years, and at what price? Who will
decide these issues? By including long-term
care planning in your retirement plans,
you can assess the risks, provide answers to
some of these questions, and maintain some
control over your options should long-term
care become a necessity.
Potential risks aheadAs a woman in America today, you also need
to consider in your planning whether or not
you are likely to become a caregiver. Women
are at greater risk of bearing the costs –
financial, physical and emotional - associated
with providing care to others.
For these reasons, long-term care
planning is fundamentally a women’s issue.
How will you be cared for if you become
unable to do simple things, such as eat,
dress, use the bathroom or get in and out of
bed alone? Conversely, could you do these
things for a loved one should he or she
require long-term care and, at the same time,
continue to work and take care of yourself?
Long-term care can be expensive
and, often, it’s an out-of-pocket expense.
Typical safety nets such as Medicaid, which
is designed for people who meet certain
income requirements, will pay for certain
types of long-term care. However, eligibility
usually comes only after contributing most of
any income you receive and exhausting most
assets. What’s more, Medicaid may not cover
the entire cost of long-term care, even after
you are able to qualify. Traditional health
insurance and Medicare, which is for people
age 65 and older and those who have certain
disabilities, don’t cover the costs of most
long-term care services.
For these and other reasons, long-term
care planning has become an essential
part of retirement funding for a growing
number of American women today. Because
funding long-term care can be challenging,
it’s important to work with a professional
who understands your needs and can design
a strategy that will meet those needs at a
cost you can afford. Specifically, look for a
financial representative who is supported
by a well-established company with a solid
history of strength and stability. A company
that is well-positioned to be there when you
need it most.
It’s best to talk about long-term care
early—before the need for medical or
personal care is imminent. That’s because
the plan you establish now can help provide
options and preserve the assets you worked
so hard to create. By planning ahead, you
can also help maintain your independence
and work to ensure you have the financial
security to live your life your way.
Northwestern Mutual3315 Roosevelt Rd, Ste. 300, St. Cloud, MN 56301 • 320.223.6639Securing futures. Enhancing lives. Creating legacies.
SMART BUSINESS: NoRthwEStERN MUtUAl
The Impact of Long-Term Care on Women
Article prepared by Northwestern Mutual with the cooperation of Josh Longnecker. Josh Longnecker is a Managing Director with Northwestern Mutual based in Saint Cloud, MN. Josh Longnecker is a licensed insurance agent. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI, and its subsidiaries. To contact Josh Longnecker, please call (320) 223-6639 or email at [email protected].
Our financial representatives and staff enjoy working with clients to discuss the need for long term care and all other insurance and investment needs.
R2_22181_Insight_BusinessCentral_JulyAug.indd 2 5/23/14 1:44 PM
54 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
SPECIAL FOCUSSENIOR HEALTH
& LIV ING
1 Focus your Message on Feel Age not Real AgeThe expression ‘You’re only
as old as you feel’ actually has
some scientific truth, and brings
with it a lesson for marketers:
focus on feel age not real age.
That may mean adjusting your
message. Instead of focusing on
osteoporosis medication in order
to keep from breaking bones,
focus on how the medication
helps users play golf or go to the
museum.
2 Building TrustSeniors and baby boomers
generally buy what everyone
else buys. But they tend to take
more time to research and plan
where and how they spend
their money.
As a business owner, this
means earning their trust. One of
the best tools in your marketing
toolkit for achieving this is to
perfect your customer service.
Satisfaction comes first, but
loyalty is earned and in the long
term counts for much more.
3 Which Marketing Vehicles Work?As with all target markets, you
need to reach your customers
where they are - and for more
and more seniors and baby
boomers this means taking
your marketing online. Seniors
are the fastest growing user
segment to embrace computer
technology; they spend $7
billion online annually.
Email marketing also
remains a powerful force in
marketing to seniors - when
used properly it still outranks all
other forms of direct marketing
in terms of ROI. Depending
on your particular target you
may need to pay attention
to the visual preferences and
needs of the senior market - are
your fonts too small? Is your
email too visually cluttered?
Is your call to action clear and
apparent?
If you are thinking of
developing a specific marketing
strategy to reach and engage
seniors, start small, keep an eye
on ROI and adjust your tactics
as needed. BC
Source: SBA.gov, Caron Beesley, community moderator
Interested in learning more? Visit www.BusinessCentral Magazine.com to watch nine entrepreneurs pitch their products to Baby Boomers.
Marketing to SeniorsSeniors and baby boomers make up a whopping 23 percent of the population. If you haven’t thought about how to reach this market, you’d better start. Here are a few suggestions to consider.
BY tHE NUMBERS
Activity by DemographicsThe share of
entrepreneurs in the
ages 45-54 group grew
from 25.2% to 30.0%
from 2003 to 2013.
26.4%
29.8%
25.2%
18.7%
22.7%
24.0%
30.0%
23.4%
Ages 20-34
Ages 45-54
Ages 35-44
Ages 55-64
26.4%
29.8%
25.2%
18.7%
22.7%
24.0%
30.0%
23.4%
Ages 20-34
Ages 45-54
Ages 35-44
Ages 55-64
CORRECTION: In the May-June issue of Business Central, the following businesses were accidentally left out of the Resource List in the “Special Focus - Lifetime Learners:” Minnesota School of Business; Rasmussen College. We apologize for the oversight.
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 55
SENIOR HEALTH & LIVING
SENior HEAltH & LIVING
On the following
pages you can learn
more about the many
programs, services, and
opportunities available
for older adults in
Central Minnesota.
At a glance:Insight Eye Care • www.insighteyecare.us
About us:Our experienced eye doctors offer comprehensive vision examinations and specialize in the diagnosis and treatment of a wide array of eye diseases, conditions, and problems. We use advanced diagnostic technology and vision correction products to care for our patients in the St. Cloud, Paynesville, and Becker communities.
St. Cloud (Waite Park)206 W Division Street320-253-0365
Becker12390 Sherburne Ave763-261-5444
Paynesville204 Washburne Ave320-243-3566
About us:A 25 acre health care facility providing a complete continuum of care. Enriching lives. Services: Independent senior living, long term care, memory care, short stay care, rehabilitation services
At a glance:Country Manor Campus Phone: (320) 253-8450
Website: www.redefiningseniorliving.me
56 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
SENIOR HEALTH & LIVING
GOODSHEPHERDCAMPU.OR
It’s not about the place,it’s about the people.
(320) 259-3476
Providing outstanding rehab services through our
partnership with
YSICL CCTINL
SC
In/ut-atient Therapy
f
Livingoptionsandbenefitsinclude:
• Beautiful common areas
• Chapel for all faiths
• Culinary arts chef
• Coffee shop
• Gift shop
• Beauty salon
• Planned outings, activities and social events
• Attractive, professionally landscaped grounds
Benedict VillageMarket Rate Retirement Living
Benet PlaceIncome Based Retirement Living
Benedict CourtAssisted Living
Benedict HomesMemory Care
Varietyofhousingopportunities:
Experience Exceptional Senior LivingAre you concerned about a parent living alone or
needing more assistance? Let us take care of everything!
Afaith-based,nonprofitorganization.Allfaithswelcome.EqualHousingOpportunityEOE/AA
We invite you and your loved ones to take a tour and see what makes our community a wonderful place to call home. 320-203-2747
EVERY DAY. EVERY WAY. We’ve got you covered.
TM
BY tHE NUMBERS
SPECIAL FOCUSSENIOR HEALTH
& LIV ING
Employment among healthcare practitioners
and technical occupations is expected to
increase by 21.4 percent in the 10-year period
ending in 2018. This growth, according to
projections from the Bureau of Labor Statistics,
will result in almost 1.6 million new jobs,
driven primarily by an increasing demand
for healthcare services. As the number of
older people continues to grow and as new
developments allow for the treatment of
more medical conditions, more healthcare
professionals will be needed.
In the 2013 report, Occupations with the
Most Job Growth, personal care aides and
registered nurses are numbers one and two,
respectively. The demand for registered nurses
is expected to grow by 19.4 percent by 2022,
accounting for an increase of 526,800 jobs.
The need for personal care aides is projected
to grow from 1.2 million in 2012 to 1.8
million in 2022, an increase of 48 percent.
Rounding out the top six fastest growing
occupations are: retail salespeople, home
health aides, food preparation and serving
workers, and nursing assistants. BCSource: US Bureau of Labor Statistics
Jobs
Source: Bloomberg Business Week; *2003 Census
An aging population puts healthcare in the job-creation driver’s seat.
14.3%Total of entrepreneurs age 55-64 in 1996
20.9%Total of entrepreneurs age 55-64 in 2011
26.9%Total self-employment rate for those over 65*
7.2%Total self-employment rate for those 25-34 years old*
J U LY / A U G U S T 2 0 1 4 • • w w w. B u s i n e s s C e n t r a l M a g a z i n e . c o m 57
SENIOR HEALTH & LIVING
Americans in the 55-64 age group
start new businesses at a higher rate
than those in their 20s and 30s
and have, every single year, from
1996 to 2013.
Research suggests that there are
several ways policymakers can support
this important phenomenon of older
entrepreneurship.
•• Lowering barriers to entry in general
would make business creation easier.
Licensing barriers in several sectors
— which exist mostly at the state and
local level — also suppress business
creation. The complexity — though not
necessarily the level — of taxes can also
act as a barrier to entrepreneurship.
These, of course, apply to entrepreneurs
of all ages.
•• For senior entrepreneurship, flexible
labor markets are especially important.
Moving easily between self-employment,
wage-and-salary employment, and
entrepreneurship requires flexible labor
markets.
•• We will likely need more financial
innovation to support continuously
changing forms of entrepreneurship.
•• Finally, policymakers can foster
senior entrepreneurship by encouraging
intergenerational networks where
entrepreneurs of different ages can
interact and learn. BCSource: Excerpt from Testimony by Dane Stangler,
Ewing Marion kauffman Foundation, before the
U.S. Senate Special Committee on Aging, Feb
12, 2014. For the complete testimony, visit www.
BusinessCentralMagazine.com
At a glance:CentraCare Health Home Care & Hospice Phone: (320) 259-9375
Website: www.centracare.com
About us:Recovery is often faster at home. CentraCare Health Home Care & Hospice provides high-quality medical care and compassionate emotional and spiritual support. A team of skilled professionals work to provide a total continuum of care. Services include home care, palliative care, hospice, telemonitoring, infusion/IV therapy, pediatrics, rehabilitation and more.
At a glance:St. Benedict’s Senior Community1810 Minnesota Boulevard SE, St. Cloud, MN 56304
Contact: Information & Registration
Email: [email protected]
Phone: (320) 654-2355
Website: www.centracare.com
About us:Your Bridge Between Hospital & Home. St. Cloud’s Leader in Short Stay Care! Every day. Every way. We’ve got you covered.
Services: Rehabilitation services, Short stay care, Memory care and Long term care.
Second ActHelping Senior Entrepreneurs
58 B u s i n e s s C e n t r a l M a g a z i n e • • J U LY / A U G U S T 2 0 1 4
By Gail Ivers
Business Central: How did you happen to choose a Batteries Plus franchise?Brian Musech: A friend of
Dolora’s family opened one in
Duluth and it did pretty well.
Dolora Musech: He approached
my dad about helping him
open one in St. Cloud. My dad
thought “I have a daughter in
St. Cloud.” I went up to talk to
my dad about it and then came
back and told Brian, who said...
Brian: “How are you going to
make a living selling batteries?”
Dolora: How many times have
we heard that! We were young
and not that smart so we
plunged in.
Brian: Young, dumb and broke.
That’s a good combination for
going into business. I’ve never
really had a job. At least not in
the traditional sense. What we
do isn’t so much a job, as it’s
what we do.
Dolora: It’s a lifestyle more than
a job. We’ve never been full
time in the store — we have
good people who do that so we
can do other things — work on
the business, rather than in the
business. But it’s not a job —
it’s a lifestyle.
BC: What’s your biggest challenge?Dolora: Staffing. Finding people
with the right combination
of customer service skills and
technical know-how. They
have to understand watts,
ohms, soldering, volts, color
rendering indexing...it goes on
and on. It’s very technical, but
you need to be able to relate to
the customer, too.
Brian: Sometimes it’s very hard
to turn off the business mode.
It can get all consuming. I’m
getting better now than when I
was younger. I can’t go fishing
for the afternoon and stop
thinking about work. I need
to go 500 miles away to really
turn it off. BC
BUSINESS SPOTLIGHTPROFIT
For Brian and Dolora Musech, business ownership isn’t a job, it’s a lifestyle.
It’s a Lifestyle At A GlANCEBatteries Plus Bulbs2710 2nd St S St. Cloud, MN 56301 320-240-2332 fax: 320-240-2333
27 N Benton Dr. Sauk Rapids, MN 56379 320-230-2332 fax: 320-257-8271 [email protected]
www.BatteriesPlus.com
Business Description: Retail and wholesale of a wide variety of batteries and light bulbs; mobile device repair. Open seven days a week.
Owners: Brian and Dolora Musech
Opened: September 26, 1994
Number of Employees: 13
Joined the Chamber: August 1994
tiMEliNE1992 - 2007Owned Professional Mosquito Control, sold to a company out of Chicago
1998-2000Owned Preferred Service and Repair, sold it to the manager
2002Opened Batteries Plus in Baxter
2006Relocated the Baxter store to Brainerd
2007Sold the Brainerd store to the store manager
2010Brian began selling real estate for Granite City Real Estate, specifically sales of small and medium sized businesses
December 2012Opened Batteries Plus Bulbs in Sauk Rapids
PErSoNAl ProfilESBrian Musech, 45 Dolora Musech, 44
Hometowns: Brian - Plymouth; Dolora - Hermantown, near Duluth
Education: They met in college and are both graduates of St. Cloud State University
Family: Two sons: James 21, graduated from St. Cloud State in 2014; Victor, 19, in college in Montana
Hobbies: Hunting and fishing, spending time with friends, outdoor activities, buying and selling businesses
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4c Imagine where you want to take your business
Now let us help you get thereAsk us about credit options for almost any business need. Whether you want to expand your operations, purchase new equipment, refinance your commercial property, or simply supplement your cash flow, Wells Fargo has financing options to fit your plans and your budget.
You’ll find a wide selection of products and services to help move your business toward financial success. Let’s work together to build the business you envision.
Talk to us today about all of your business credit needs. Visit wellsfargo. com/appointments to schedule an appointment with a banker.
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*2002-2012 Community Reinvestment Act government data. All credit decisions subject to credit approval.All financing is subject to credit approval and SBA eligibility.© 2014 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. (1196354_12192)