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Community Profile for

Golden Valley , Minnesota

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Golden Valley is a fully developed first-ring suburb. The City is known as one of the premiere places to live in the Twin Cities due to its diverse neighborhoods, excellent housing stock and award winning school districts. The Golden Valley Housing and Redevelopment Authority was created by the City Council to insure that Golden Valley improves as a suburb where businesses want to grow and stay. Location County: Region: Distance from Minneapolis: Distance from nearest MSA*: US Congressional District: MN Legislative District(s): Web site: Last Updated: Population Area Community: County: Nearest MSA: Minnesota:

Hennepin West Twin Cities Metro 5 0 Miles from Minneapolis-St. Paul MSA 5 44B45B .. N/A 9/6/2002

2008 Estimate 2007 Estimate 2000 Census 1990 Census 20,326 20,362 20,281 20,971 1,169,151 3,289,663 5,287,976 1,157,400 3,261,588 5,263,610 1,116,200 2,968,806 4,919,479 1,032,431 2,538,776 4,375,099

Source: U.S. Census, State Demographer

* Metropolitan Statistical Area

Major Employers
Employer General Mills Inc Honeywell United Health Care Tennant Co Courage Center Dahlberg Inc Red Line Health Care Jim Lupient Oldsmobile-GMC KARE TV CyberOptics NAICS Products/Services 3112 3345 5241 3333 6239 3391 5417 4411 5151 3345 Grain & Oilseed Milling Navig., Meas., Electromedical & Control Instrum. Mfg. Insurance Carriers Commercial & Service Industry Machinery Mfg. Other Residential Care Facilities Medical Equipment & Supplies Manufacturing Scientific Research & Development Services Automobile Dealers Radio & Television Broadcasting Navig., Meas., Electromedical & Control Instrum. Mfg.
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Employee Count 3,000 2,500 1,100 650 550 500 350 270 225 198

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Graco Inc Alexander & Alexander Inc Grow Biz Intl Inc MA Mortenson Co Northrup King Co View All Employers Listed 3339 5241 5331 2362 5417 Other General Purpose Machinery Manufacturing Insurance Carriers Lessors of Nonfinancial Intang. Assets (exc. Copyrighted Works) Nonresidential Building Construction Scientific Research & Development Services 171 160 150 140 130

Workforce
Hennepin County Total Employment Available Workforce Unemployment Rate
Source: DEED - Labor Market Information: LAUS Annual Average 2009

609,778 657,968 7.3%

Metro Council (11) Econ Dev Region 1,483,789 1,604,427 7.5%

Employment By Industry Hennepin County Natural Resources and Mining Construction Manufacturing Trade, Transportation and Utilities Information Financial Activities Professional and Business Services Education and Health Services Leisure and Hospitality Other Services Government
Source: DEED - Labor Market Information: CEW Annual Data 2008

Metro Council (11) Econ Dev Region 3,503 61,177 178,172 304,203 40,671 133,533 256,989 233,243 149,257 55,520 195,983
N/A - No Data Available

825 25,107 81,148 157,603 20,969 87,573 165,504 119,749 74,271 27,377 82,742

Occupations and Wages in Seven County Mpls-St Paul, MN Job Title Architecture and Engineering Occupations Arts, Design, Entertainment, Sports, and Media Occupations Building and Grounds Cleaning and Maintenance Occupations Business and Financial Operations Occupations Community and Social Services Occupations Computer and Mathematical Occupations Construction and Extraction Occupations Education, Training, and Library Occupations Wage/Hr Job Title $32.59 Healthcare Support Occupations $22.95 Installation, Maintenance, and Repair Occupations $12.51 Legal Occupations $28.14 Life, Physical, and Social Science Occupations $19.17 Management Occupations $36.69 Office and Administrative Support Occupations $28.43 Personal Care and Service Occupations $20.79 Production Occupations
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Wage/Hr $14.34 $22.23 $39.78 $31.23 $48.50 $16.82 $11.79 $16.83

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Farming, Fishing, and Forestry Occupations Food Preparation and Serving Related Occupations Healthcare Practitioners and Technical Occupations View All Occupations and Wages $11.89 Protective Service Occupations $10.14 Sales and Related Occupations $32.32 Transportation and Material Moving Occupations $16.45 $13.98 $14.94

Source: DEED - Labor Market Information: OES Fourth Quarter, 2009

Utilities
Utility Type Electricity Natural Gas Wastewater Water Utility Name Northern States Power Co Minnegasco Metropolitan Council Environmental Svc Minneapolis Public Works Utility Phone (800) 642-6066 (800) 269-1114 (612) 222-8423 Contact Ken Stabler xxx Jeff Syme Merlin Thorn Contact Phone (612) 330-5834 (612) 372-4727 (612) 229-2109 (612) 593-8075

Water Information Water Source: Storage Capacity: Pumping Capacity: Average Demand: Peak Demand:

Surface Water 19,500,000 gal. 12,000 gal./minute 3,327,000 gal./day 6,042,000 gal./day

Wastewater Information Treatment Type: Mechanical Plant Capacity of Plant: 250,000,000 gal./day Average Flow: 226,000,000 gal./day Peak Flow: Usage Charge: 600,000,000 gal./day Base chg. $34/qtr.; $1.41/1,000 gal. commercial

Total Water Hardness: 85 ppm Industrial Water Rate: Base chg. varies by meter size; $1.50/1,000 gal.

Communications
Telephone Information Local Telephone Company: Telephone Number: Contact: Telephone Number: Digital Central Switch: Equal Access Market: Extended Area Service: Custom Calling Feautures: Customized Local Area Services: Current Technologies: Internet Service Local Public Internet Access Site: Multiple Internet Service Providers: Speed of Service: DEED Certification as E-Commerce Ready:
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US West Communications (800) 603-6000 Karen Jothen (612) 663-5675 Yes Yes Yes Yes Yes ISDN No No No

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Cable TV Information Local Company King Video Cable Newspapers Information Newspaper Name Minneapolis Star Tribune New Hope-Golden Valley Sun Pos St. Paul Pioneer Press Additional Telecommunication Providers Telecommunication Type

Telephone (612) 533-7773

Website

Telephone (612) 673-4000 (612) 536-7510 (612) 222-5011

Frequency Daily Weekly Daily

Provider Name

Phone

Housing & Commercial Activity

Housing Information Single Family Units: Multiple Family Units: Mobile Homes: Number of Units Built Since Last Census: Number of Residential Building Permits for : Value of Residential Building Permits for : Source: US Census, 1990 Commercial Activity Information Number of Commercial Building Permits for : Value of Commercial Building Permits for : Number of Public Building Permits for : Value of Public Building Permits for : Retail Sales Information Year 2007 2006 2005 Community Sales $745,426,842 $656,666,362 $631,398,032 County Sales $17,853,067,153 $18,223,448,897 $18,065,284,003 6,643 1,827 Percentage Owner Occupied: Median Sales Price: Median Assessed Value: Median Rent: Vacancy Rate: 81 ----$522 3

Source: MN Dept. of Revenue

Business & Community Services

Financial Institutions Information Name Norwest Bk MN NA Marquette Bk NA Central Bank View All Financial Institutions (612) 439-3050 Phone Total Assets $15,453,887,000 $917,017,000 $104,585,000 Capital as % of Assets 7% 8.94% 7.9%

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Lodging & Meeting Facilities Information Number of Facilities Facility Available Hotel 0 Motel Conference Center 3 0

Facility Size

Teleconferencing Available No No No

Teleconferencing Available to Public No No No

283 rooms

Additional Lodging & Meeting Facilities Facility Type

Facility Name

Phone

Local Medical Facilities Information Facility Type Clinic Dentist Doctor Hospital Nursing Home Name of Nearest Hospital (if none in community): Miles to Nearest Hospital: 1 110 Nbr of Facilities Total Nbr of Beds Telemedicine Available No No No No No

North Memorial, Robbinsdale 5

Additional Local Medical Facilities Facility Type Facility Name

Phone

Telemedicine Available

Local Transit Information Service Inter-Community Bus Intra-Community Bus

Available Yes No

Service Taxi/Cab Disabled Transportation

Available Yes Yes

Local Transit Providers Transit Type

Name

Phone

Library Information Name Golden Valley Library Metropolitan Regional Library

Phone

Internet Access No No

Worship Information Worship Type

Worship Name

Phone

Membership

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Recreation Information Facilities Community Center, 25 parks and nature areas. Activities include ballfields, basketball, hockey, horseshoe pits, picnic area, playground, sliding, skating, tennis, trails, volleyball, and one wheelchair fitness course. Festival/Arts Fun Fest in June. Fire Department Open House in June and October. Service Organizations Optimists, Rotary, Lions, League of Women Voters, Women's Club, Women of Today, Garden Club, Historical Society.

Education
Post-Secondary Information Nearest Technical College & Specialty Location Miles To

Brooklyn Park / Eden Prairie 12 Hennepin Technical College As Minnesotas largest stand-alone technical college, HTC is prepared to offer state-of-the-art classrooms, labs and industry driven curriculum. Our instructors have relevant industry experience and are here to prepare you for a high demand career field of your choice. At HTC, our mission is to provide the quality technical education needed for employment in an ever-changing global work environment. The College builds cooperative relationships with other education institutions and business and industry to help position graduates to compete in a global market. Student services staff are also here to help you before, during and after your college experience, from help paying for tuition to getting a job. 8/08 Nearest Community College & Specialty Location Miles To

Minneapolis Community and Technical College Minneapolis 5 Minneapolis Community and Technical College offers more than 60 innovative career and occupational programs taught by experienced, award-winning faculty. Day, evening, Saturday and on-line classes make a high quality education accessible for everyone, no matter stage in life. Certificates, diplomas or degrees are available to meet goals and aspirations, and to provide the qualifications needed for employment in high demand fields upon graduation. MCTC is a leader in creating career programs to meet today's job market. Many programs offered are unique to the state or metropolitan area, and can be completed in as little as three months. From nursing to screenwriting to culinary arts and computer forensics, there is a career program for everyone here at MCTC. 8/08 Nearest Public College/University & Specialty Location Miles To

University of Minnesota - Twin Cities Minneapolis / Saint Paul 6 The University of Minnesota is one of the most comprehensive public universities in the United States and ranks among the most prestigious. It is both the state land-grant university, with a strong tradition of education and public service, and the state's primary research university, with faculty of national and international reputation. Founded in 1851, the University of Minnesota has five campusesTwin Cities, Duluth, Morris, Crookston, and Rochesterextension offices, and research and outreach centers throughout the state. In all of its activities, the University strives to sustain an open exchange of ideas in an environment that embodies the values of academic freedom, responsibility, integrity, and cooperation; that provides an atmosphere of mutual respect, free from racism, sexism, and other forms of prejudice and intolerance; that assists individuals, institutions, and communities in responding to a continuously changing world; that is conscious of and responsive to the needs of the many communities it is committed to serving; that creates and supports partnerships within the University, with other educational systems and institutions, and with communities to achieve common goals; and that inspires, sets high expectations for, and empowers individuals within its community. 8/08 Nearest Private College/University & Specialty Augsburg College Location Minneapolis / Rochester Miles To 6

Augsburg continues to reflect the commitment and dedication of the founders who believed: an Augsburg education should be

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preparation for service in community and church; education should have a solid liberal arts core with a practical dimension in order to send out productive, creative, and successful citizens; the citywith all its excitement, challenges, and diversityis an unequaled learning laboratory for Augsburg students. Augsburg is a quality liberal arts institution set in the heart of a great metropolitan center. There are now almost 18,000 Augsburg alumni. In addition to undergraduate liberal arts and sciences Augsburg offers masters degree programs in business, education, leadership, nursing, physician assistant studies, and social work. Augsburg also offers graduate and undergraduate level nursing courses as well as supporting degree courses through its Rochester Program based in Rochester, Minnesota. 8/08 Telecommunications Use Available at Area Post-Secondary Institutions: No

Local K-12 Information School Type Elementary Middle School Junior High Senior High Private/Parochial

Nbr of Schools 2 1 1 2

Enrollment 1,089 728 275 1,466

Grades K-6 7-9 11-12 K-12

Pupil/Teacher Ratio 24:1 25:1 16:1 14:1

School District: Telecommunications Use Available at Local K-12: High School Graduates Attending Post-Secondary: State Wide Average: Education Institutions Education Type No 68%

Name

Phone

Government
Structure Information Organization: Budget: Community Bond Rating: Comprehensive Land Use Plan: Locally Controlled Loan Program: Recycling: Fire Insurance Rating: Industrial Plans Approved By: Council\Manager $9,160,000 Moody's - - AA1 Yes No Yes 4 City Building Official, City Council, Planning Com

Public Protection Services Service Type Fire Police Sheriff EMT

Regular 2 31 470 ---

Part-Time 2 1 -----

Volunteer 49 17 -----

Seasonal --7 -----

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Property Taxes Payable 2008
Property Tax Information State Tax Rate Municipal Tax Rate County Tax Rate School Tax Rate Misc. Tax Rate Total Tax Rate 45.95% 42.99% 38.57% 23.52% 8.07% 159.10% Assessed Market Value Information Commercial $2,199,605,040 Residential Other Total $919,195,000 $281,335,073 $3,400,135,113

Minnesota commercial real estate taxes are based upon market value of taxable property as set by the local assessor. To calculate the tax for the current year, first compute the tax capacity by multiplying all property value up to $150,000 times .015, plus any value over $150,000 times .02. Example: net tax capacity on a $200,000 business property: ($150,000 X .015) + ($50,000 X .02) = $2,250 + $1,000 = $3,250. Tax capacity times the tax rate equals taxes owed. Commercial and industrial property must also pay a state property tax, which is equal to the tax capacity times the State Tax Rate. In some localities where voters have approved referendums, an additional referendum tax must be added, calculated by multiplying the referendum tax rate times the total market value of the commercial property. Please note: Specific property tax classifications and computations can be more complex and result in different tax amounts. This simplified explanation applies in the most general situations and will allow a business to roughly estimate its potential property tax burden. The county assessor or auditor may be able to answer questions about specific properties and uses.

Economic Development Services

Economic Development Authority: Housing Redevelopment Authority: County Development Corporation: Chamber of Commerce: Port Authority: Contact Information Mark Grimes Director of Planning & Dev. Golden Valley, City of 7800 Golden Valley Road Golden Valley, MN 55427-4588 (612) 593-8095 Economic Development Organizations Type Larry Dowell President Twin West Chamber of Commerce Woodside Office Park #2 Minnetonka, MN 55343 (612) 540-0234 William Joynes City Manager Golden Valley, City of 7800 Golden Valley Road Golden Valley, MN 55427-4588 (612) 593-8002 Yes No No Yes No Incentives The HRA has three active redevelopment districts. Within these districts, improvements have been made to make parcels available for immediate commercial and industrial development.

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Phone

Fax

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