Douglas County Economic Development Profile

Douglas County

Econ om i c D e ve l o pme nt P ro fil e | 2 0 19

Population 21,630

Dougl as County

37,964

2.6%

Dougl as Coun ty

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

Housing $197,200

Me dian Value of Homes

$58,667

Median Household Income

Education 46.5%

As so ciate’s or Hi gher

92%

98%

Jo b Pl a cem e n t r a t e fo r ATC C st uden t s

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

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

Current age of Population 2018 | 37,964

birth to 19 2010 | 36,009 2000 | 32,821

8,895 People age 20 to 44

1990 | 28,674

Population 24% Growth Douglas County

10,486 People age 45 to 64

Population projections

9,932 People age 65 +

8,651 People

Alexandria Area Economic Development Commission | livingalexarea.org

Our area is industries

home

to

including

many diverse

Top Industries & Employment

Manufacturing,

Healthcare, Service, Tourism, and Retail to name a few. Over 4,600 companies have found that our area offers a balance not only for their business but for their lives and families.

The average commute time for

workers in Douglas County is 18 minutes which is lower than the Minnesota average of 24 minutes.

Local

business

draws

approximately 18,744 from throughout the region to work within Douglas County.

Natural Resources - 98

Douglas County residents make The remaining 6,282 come from

surrounding

counties

which

Trade, Transportation & utilities 4,087 (24%)

Information 213 Public admin 679

up 66.5% of the workforce.

Education & Health Services 4,725 (28%)

makes

Douglas County a Net Importer of labor bringing in more than it sends out.

Source: onthemap.ces.census.gov/

Financial Services 748 Professional Services 897 Construction 865

Hospitality 2,068 (12%)

Manufacturing 3,577 (21%)

Workforce & Unemployment Rates 7,674

21,630

3,036,377

Alexandria

Douglas County

Minnesota

2.9%

2.6%

3%

Douglas County

Minnesota

Alexandria

Top 10 Large Employers

Industry

Alomere Health

Healthcare

950

Douglas Machine, Inc.

Manufacturing

700

Alexandria Public Schools

Education

606

Knute Nelson

Healthcare

493

Alexandria Industries

Manufacturing

446

3M – Alexandria

Manufacturing

400

Douglas County

Government

324

Central Specialties

Construction

300

Arrowwood & Conference Center

Hospitality

285

Brenton Engineering

Manufacturing

280

Industry Wee kly Wages

Number of Employees

Alexandria Area Economic Development Commission | livingalexarea.org

Douglas County offers a range of residential, industrial and commercial property opportunities. The area has seen an overall increase in the number of properties sold in the area since 2014, with single family home sales increasing 39%. Douglas County’s current rental market has a vacancy rate of 7.6%.

Real Estate & Building ALEXANDRIA HOUSEHOLDS

6,479

DOUGLAS COUNTY HOUSEHOLDS

16,175

2018 properties sold

Units sold

Average Sale price

Average days On market

970

771

Residential

639

$254,225

151

Alexandria Permits

Douglas county Permits

Farm with Building

0

0

0

Land

146

$111,515

546

Commercial

32

$318,000

491

38

13

Alexandria Commercial Building Permits

Douglas county Commercial Building Permits

Source: Greater Alexandria Area Association of Realtors

Taxable Market Values

City Tax Rates

Pull Factors 4.50 4.00

There are several ways to measure performance other than dollars of sales. Economists

3.50 3.00

expect cities of larger populations to have more sales since their potential customer base is

2.50

larger. A way to compensate for that in a retail trade analysis is to measure the pull factor,

2.00

which compares the local taxable sales per capita to that of the state. A pull factor index

1.50

higher than 1.0 usually indicates that businesses are pulling in customers from outside their community. The pull factor for Alexandria has grown from 2.74 at the end of the great recession to 3.09 today.

Source: University of MN, Extension 2016 RTA

1.00 0.50 0.00 Alexandria

Bemidji

Detroit Lakes

Fergus Falls

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

Alexandria Technical & Community College is ranked 4th best Community College in the nation, and #1 in all Minnesota State institutions for the best graduation rate. The college’s connections to business and industry ensures currency and trade standards in its technical degrees, delivering a highly skilled workforce. ATCC is a member of the Minnesota State system, currently serves 3,927 students. | www.alextech.edu

Education | K-12 & Higher Ed Districts

Website

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

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

G r adu at i on R at e

Alexandria

www.alexandria.k12.mn.us

3,667

16 to 1

88%

www.b-e.k12.mn.us

406

14 to 1

90%

www.osakis.k12.mn.us

762

16 to 1

98%

Brandon-Evansville Osakis

Hous ehold Income $

58,667

Median Household Income

Douglas County

Lending Environment Institution American National Bank of MN

2017 Deposits

2018 Deposits

2019 Deposits

2018-2019 Difference

$14,199,000.00

$13,125,000.00

$12,952,000.00

-8%

$103,585,000.00

$120,972,000.00

$137,432,000.00

14%

BlackRidge BANK

$87,203,000.00

$86,840,000.00

$93,703,000.00

8%

Bremer Bank NA

Bell Bank

$267,145,000.00

$300,869,000.00

$308,994,000.00

3%

First Security Bank of Evansville

$16,868,000.00

$15,565,000.00

$17,298,000.00

11%

Gate City Bank

$12,024,000.00

$11,956,000.00

$14,803,000.00

24%

Average Household Income

Glenwood State Bank

$77,180,000.00

$87,525,000.00

$89,076,000.00

2%

Douglas County

Hometown Community Bank

$12,485,000.00

$12,532,000.00

$11,523,000.00

-8%

Kensington Bank

$42,545,000.00

$44,940,000.00

$43,641,000.00

-3%

$

76,619

Mid Minnesota Federal Credit Union

$

46,009

Median Household Income

City of Alexandria

$9,859,828.00

$12,986,816.00

$16,541,059.00

27%

Neighborhood National Bank

$39,265,000.00

$41,267,000.00

$39,683,000.00

-4%

The First National Bank of Osakis

$50,775,000.00

$53,015,000.00

$56,363,000.00

6%

US Bank NA

$63,513,000.00

$61,893,000.00

$62,383,000.00

1%

Vantage Bank

$8,754,000.00

$11,094,000.00

$14,325,000.00

29%

Viking Bank

$128,498,000.00

$124,499,000.00

$131,365,000.00

6%

Wells Fargo Bank NA

$116,136,000.00

$113,055,000.00

$110,746,000.00

-2%

$1,040,175,000.00

$1,099,147,000.00

$1,144,287,000.00

4%

$165,523,000.00

$172,058,000.00

$167,871,000.00

-2%

$1,277,677,000.00

$1,275,805,000.00

$1,330,458,000.00

4%

Total Douglas County Deposits Grant County Ottertail County Pope County Stearns County Todd County

$302,397,000.00

$314,846,000.00

$351,298,000.00

12%

$4,711,495,000.00

$4,805,025,000.00

$5,090,146,000.00

6%

$312,597,000.00

$328,317,000.00

$317,886,000.00

-3%

Alexandria Area Economic Development Commission | livingalexarea.org

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

Photos Courtesy of: Totem Ent.

Arts Centers

Over

5

Natural Beauty | Adventure

350

Lakes

110

Miles of Trail

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

23

Local Parks