Professional Documents
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From its founding in 1867, Minneapolis has been a place of ingenuity, hard work, and home to the next great wave of immigrants from around the world. These characteristics of Minneapolis helped build and maintain the great pillars of our city: Fortune 500 companies such as Pillsbury and General Mills, our beautiful lakes and Mississippi River, and our bustling downtown atmosphere. Throughout the course of our history, Minneapolitans have always taken on tough challenges in a clear eyed fashion; not hiding behind excuses; weve risen to the challenges of our time to maintain the greatness of our city. The future vitality of Minneapolis is dependent upon a strong, vibrant and productive citizenry. Our parks are dependent upon the City having the resources to fund its upkeep; our bike trails need funds to maintain their high quality; and our roads need continual investment. We must have a profitable and strong economy to fund all of the things we cherish in our City. But today, the challenges our economy faces are much more interconnected and complex than in times past. We must be prepared to address these challenges. The pressures of globalization, rapidly changing national, state and local demographics, persistent skills gaps, active competition for recruitment and retention of businesses and crumbling infrastructure have all contributed to the tough economic climate we, as a nation, have been fighting. The Great Recession of 2008 exacerbated all of those factors. Although its been tough on Minneapolis residents, the City of Minneapolis has fared well compared to other major American cities. Minneapolis is on strong financial footing due to strong leadership by city officials, heroic and painful sacrifices by city workers and residents and investments that grew revenues to the city. Now that the worst of the recession is behind us, we must re-position ourselves to thrive and ensure opportunity for all of our residents. We must be active and aggressive in continuing to bring economic activity to Minneapolis There are those who believe we can continue to make Minneapolis a great place and that alone will ensure continued investments in our City. That passive approach won t get the job done. Ill be the mayor to take us from where we are to where we need to go:
Where We Are
Minneapolis' Economy At a Glance: The Minneapolis area has an unemployment rate of 5.1%, which is much lower than the 7.8% national average. Leisure and Hospitality, Construction and Business Services sectors in the Minneapolis area have all seen more than 4% growth since 2010. The Minneapolis area has the sixth largest arts economy in the nation Minneapolis has seen a nearly 25% increase in the amount of residents with college degrees since 1970, currently putting Minneapolis five percentage points above the national average.
On paper, Minneapolis has strong economic activity, growth in several sectors and solid indicators of investment. Yet, we know we have a persistent employment gap that, ultimately, can be a drag on our economic potential. We cant strengthen our economy if we continue to have huge disparities in employment. The Minneapolis Downtown Council has put forth a great roadmap, the Downtown 2025 Plan, for how to strengthen our economy and standard of living. In addition to those great ideas, I ve got a few of my own.
Coordinate with U of M, MCTC, and Workforce Centers and Programs to align curriculum to needs of Minneapolis businesses
Working with our fantastic higher education institutions and existing workforce programs like Summit Academy OIC, Workforce Centers, the University of Minnesota and Minneapolis Community and Technical Colleges, the City must be more active to convene and help align the training and skills that local businesses need. We know that worker turnover and training can be expensive and even cost prohibitive on small businesses. Just to give you an idea of how expensive worker training and replacement can be: For workers earning less than $50,000 annually, which makes up 75% of the U.S. workforce, studies show a typical cost of turnover and training of up to 20% of the workers salary: $10,000. By embedding specialized training programs into our educational institutions, we can save costs for businesses and provide certainty so they know, when they hire an employee, they can be confident that their new employee will have the necessary skills to help their business immediately. As Mayor, I will expand and widen the Urban scholars Program, a pipeline for Promising U of M and MnSCU students to work in the City Departments and challenge the private sector to also create opportunities for these talented young people.. We are blessed to have some of the best educational institutions right in our backyard. We have to do a better job of showing talented young people how much we want them to stay in Minneapolis. This pipeline means we will be more active in providing soon-to-be graduates in certain programs with information about available public and private sector jobs in Minneapolis. The human capital and 21st century innovations of our City will come from our young and ambitious professionals.
Invest in the redevelopment of the Port of Minneapolis. With the current lease agreement for the port coming to an end in 2014, we have an opportunity to set the stage for bringing a 21st century industry to a key part of the City.
Managing City Finances I am proud of the successes that Mayor R.T. Rybak and I have achieved regarding the citys finances. Because of the fiscal discipline and stewardship that Mayor Rybak and I have led, the citys 2013 budget proposes cutting property taxes for the first time in over 20 years.
Watching Mayor Rybak give the 2013 budget address and state that he was asking for a $3.2 million property tax cut was ultimate validation of his strategy for governing the city. His strategy for leading this City has undoubtedly worked, and I am proud to have been his most reliable partner in making his vision a reality. During the address, Mayor Rybak said I have been a stalwart ally and the only rock solid partner on every big issue during his administration. The Mayor went on to say that without my rock solid partnership, this $3.2 million property tax cut would not have been possible. I am proud to have been Mayor Rybak s only rock solid partner and the partner that voted for every proposal that enabled the City to get its finances on the right track. Reducing property taxes will pay dividends for attracting young families and retaining residents, especially our seniors and working class homeowners. Mayor Rybak understands this and we cannot thank him enough for his leadership in making Minneapolis a more financially sound City. Now that City finances are on sound financial footing, we cant become complacent and allow our financial status to slip. This means we must make the critical investments to ensure growth and opportunity for our economy and people, but it means we must redesign specific government functions to meet the demands of a 21st century major American city. That will require us thinking about how we do things differently; how we innovate; and how we hold the line on property taxes.
Streamline Business and Development Permit Process: When businesses and developers undertake complex projects, they often have to apply for multiple licenses, which can delay or prolong the project by weeks, if not months. I propose we have a Project Green Light express lane for businesses that have a successful record of providing quality services to the city through licenses and contracts. The businesses that have been accepted into Project Green Light will only need to submit one license/permit request per subsequent development project. This will not only alleviate the burden on the already overworked licensing division but also help proven businesses get started on investing and creating jobs for our people. Publish ALL Procurement Agreements and Contracts: Its important to know what businesses have received contracts from the City, and who is benefitting financially. Currently, there is an unintended loophole that contracts between the City and businesses for less than $50,000 never see the light of day. I believe that the more light we shed on how we spend money, the more responsibly it will be spent. This will enhance our commitment and accountability to fiscal responsibility and inclusion. End Tax Increment Financing (TIF): For much of the 1990s, City leaders used TIF as a tool to finance projects by taking future revenue to pay for current projects. That use of TIF robbed our city of future revenue and put us on a path of debt and increased borrowing. After a decade of strong leadership by Mayor Rybak, we've finally paid back the debt of the 1990's. We can't go back. As Mayor, I will not support finance tools that capture future tax revenue to pay for today's developments.
________________ This is how we connect people to the opportunities of the future, ensure investments in critical infrastructure and continue on the path of fiscal responsibility. My plan will bring business leaders and investors to Minneapolis by providing incentives for businesses to relocate and access our highly talented workforce. Together, we will continue to build the foundation for a 21st century economy that will bring sustainable prosperity to the people of Minneapolis.