News and Events
City Business News
September 18, 2019
City’s preliminary budget set
The Rosemount City Council last night approved a preliminary budget for 2020. It includes a 4.99% increase in the City’s operating budget. The median-valued home in Rosemount is $295,900; taxes will increase on that home by $56 for the year because of the growth in home values. The final budget will be approved in December. [Learn more at www.ci.rosemount.mn.us/budget.]
Follow Rosemount’s economic development on Instagram
The City has opened an Instagram account to share photos and concept drawings about new and expanded businesses in the community. Follow us at www.instagram.com/developrosemount.
Three Rosemount sites are shovel-ready
This summer the City worked with Xcel Energy’s site certification process to attract prospective development. Three sites were inspected by a consultant and are now “shovel-ready” for business park and light industrial development. One parcel is in the Business Park and two more are on UMore property. [See details.]
September is Workforce Development Month
The Governor has proclaimed September as Workforce Development Month in Minnesota. State employment reached 3.1 million this summer but nearly 137,000 openings have not been filled. [Read more about the Minnesota Department of Employment and Economic Development’s efforts.]
Rosemount is always Open To Business
The Rosemount Port Authority continues to support the free counseling service, Open To Business. Small business owners hoping to expand, or entrepreneurs with an idea for a new firm, can consult with expert advice on planning, marketing, and financing. Call for an appointment: 952-484-3107.
Save the date
Thursday, September 26, 6-7 p.m.
Council in the Park (informal discussions), Shannon Park, 13260 Shannon Parkway
City welcomes our first Economic Development Coordinator
August 14, 2019
Eric Van Oss joined the Rosemount Community Development Department last week as its new Economic Development Coordinator. Eric will be leading business expansion and retention efforts for the City. This will include marketing Rosemount as a premier location for business relocation and growth in the Twin Cities. Eric will also conduct one-on-one visits with owners or managers of Rosemount businesses each year to both understand their needs and identify opportunities to help individual businesses stay and grow in the community.
Eric has a master’s degree in urban and regional planning from the University of Minnesota as well as a bachelor’s in economics and politics from Claremont McKenna College in California. He recently worked as a Planning and Permitting Manager for WD Partners and has held positions with the Minnesota Chamber of Commerce and the State of Alaska. Please help us welcome him to Rosemount.
In the past month, Rosemount has celebrated the ribbon cutting for Udder Tech, groundbreakings for CA Gear and Wexford Place, and the grand opening for Pellicci Ace Hardware.
Growth is good ... and hard
A growing business is usually the goal, but growth can present a number of challenges, including:
- Adding and managing employees
- Keeping up with inventory and production demands
- Managing the cash flow challenges of growing receivables.
Council approves new business location
July 19, 2019
The City Council Tuesday night approved plans for eight business park lots on 15 acres off Biscayne Avenue. Appro Development will develop the lots, including an 18,000-square-foot spec building that could open this fall. The site will be suitable for office, manufacturing, and warehouse development for smaller businesses.
Minnesota businesses expect stable conditions next year
A survey by the Minnesota Department of Employment and Economic Development and the Federal Reserve of Minneapolis indicates optimism for business conditions next year. Eight-six percent of respondents said they expect their sales revenue to increase or remain constant in 2020.
June 20, 2019Help for new business construction
More construction projects for businesses may be eligible for help under the state’s clean energy financing program. The Property Assessed Clean Energy (PACE) financing program was originally open for retrofits. The new state budget expands PACE to new construction. Learn more in this news story.
Best employers represented in Rosemount
Several employers based in Rosemount or with operations here have been listed in Forbes magazine’s America’s Best Employers ranking. They include Kwik Trip, the University of Minnesota, ISD 196, Protolabs, Fairview Health, USPS, ALDI, Caribou Coffee, Koch Industries, and Supervalu.
Advice for your business vision
There are many local resources to help new or existing small businesses. As always, the City takes part in Open to Business, which offers free counseling on planning, budgeting, and financing for entrepreneurs. Call them at 952-484-3107.
And the Dakota County Library System offers free and engaging classes to support the growth of success of any business endeavor. Learn more at the library website.
May 15, 2019Hiring vets
Lee Okerstrom is the new CareerForce Veterans Employment Rep for the area. If you’re interested in hiring Vets - he’s the person to talk to. Reach him at (651) 539-4119 or email@example.com.
Additionally, you can find a plethora of information about hiring Veterans at https://mn.gov/deed/job-seekers/veteran-services/hire-a-veteran/ . Content includes: hire a veteran in three easy steps; why hire a vet; hiring incentives and tax credits; employer responsibilities.
April 3, 2019
January 9, 2019The latest on Thriving in the North
The Minnesota Department of Employment and Economic Development has updated its promotional magazine, Thriving in the North, to highlight expansion opportunities and the culture of innovation in the state. See the new issue online or request a printed copy.
December 12, 2018
Mayor Droste presented the City Council’s commendation to Lisa Franxman and Michele Selig representing Merchants Bank Rosemount, which was nominated for a Business Excellence Award from the Dakota County Regional Chamber.
Environmental solutions For Minnesota businesses
The Minnesota Technical Assistance Program (MnTAP) is proud to announce publication of the 2018 Solutions. This annual report highlights the results from our summer internship program. This year our group of talented and industrious interns identified environmental reductions that could save their companies $1.5 million annually. Results translate into real environmental impacts equivalent to the energy used to power almost 600 Minnesota homes, the water used by 1,700 Minneapolis residents, and waste equal to the weight of approximately six Metro Transit light rail cars.
Your company could be eligible to take part this summer. Learn more online.
November 7, 2018
ns a New Window. New guide to hiring disabled veterans available
With record low unemployment, more and more employers are feeling the labor force crunch, but one group of job seekers may be overlooked – disabled veterans. To raise employer awareness of this labor source and lower perceived barriers to hiring disabled veterans, the Disabled American Veterans (DAV) has released their 2018 hiring guide. [Download the guide Opens a New Window. .]
October 24, 2018
Can we visit you?
The City of Rosemount is reaching out to local businesses through a program of visits to hear views and discuss City programs that can help. Members of the Rosemount Port Authority are joined by Community Development staff to talk with business operators. The visits are underway, and we invite you to invite us. Call 651-322-2051 to set up a one-hour visit at your location during a time convenient to you. The visits are part of the City’s economic development communications strategy that includes this email, news articles, and the City website.
City Council members joined the ribbon-cutting ceremony for the opening of Sentinel Assurance Group, an independent insurance agent on 145th Street in Downtown Rosemount. City Council members joined the Dakota County Regional Chamber to celebrate the tenth anniversary of AccTech LLC, offering accounting and technology consulting from the mall in Downtown Rosemount.
City's strong credit rating reaffirmed
August 7, 2018
The City Council joined the Dakota County Regional Chamber of Commerce to celebrate the new location on Carrousel Way of Amy Nielsen’s Prudential Finance office. The Council also joined the celebration last week as the ALDI market opened after remodeling at Rosemount Crossing.
The credit-rating agency Standard & Poor’s last week reaffirmed the City of Rosemount’s strong rating. The City’s level is AA+, the second-highest grade for municipalities. A strong credit rating means the City will pay less than it would otherwise for any borrowing by issuing bonds.
Council passes plan to save energy
July 18, 2018
The City Council last night approved an Energy Action Plan for the community, intended to save energy usage and costs for businesses, City government, and residents. Over the course of 18 months, a team will work to find solutions suited to Rosemount’s needs. Learn more about this initiative with Xcel Energy at https://ci.rosemount.mn.us/energy.
Top states for business
The Minnesota Department of Employment and Economic Development reports that Minnesota was sixth in this year's CNBC Top States for Business rankings, earning especially high grades for quality of life (A+), technology and innovation (A), education (A-) and infrastructure (A-). In the 12 years since CNBC launched the rankings, Minnesota has finished among the top 10 states ten times, including first in 2015. Texas was first this year.
Ribbon Cutting CeremoniesWelcome New Businesses!
The City strives to welcome all new businesses with a ribbon cutting ceremony. Get your picture taken cutting the official ribbon and receive a plaque from the mayor welcoming you to the City of Rosemount. Specially invited to the event are City Council members, Port Authority members, Rosemount Business Council members, the Dakota County Regional Chamber of Commerce, and area newspapers.
If you have a new business and would like to schedule a ribbon cutting, please call (651) 322-2051.