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Regional Profile

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greater ECONOMIC VITALITY

  • Thriving Regional Center: Designated a Metropolitan Statistical Area (MSA) in December 2008, which includes all of Blue Earth and Nicollet Counties, with 97,204 residents (2011 estimate)
  • Consistent, Strategic Growth: Between 2000 and 2010 the MSA’s population increased 13%, number of establishments increased 6%, employees increased 7% and total payroll increased 44%
  • Job Creator: More than two years of straight Year over Year Job Growth and top performer in the state, with job growth between 202 and 2012, +7.53% for the Mankato MSA, compared to +1.74% for State of MN, +2.2% for U.S., +6.08% for St. Cloud, +1.84% for Rochester, +1.56% for Minneapolis-St. Paul and -1.45% for Duluth
  • Significant State Impact: Net tax contributor to the state, with a n increase in Gross Sales of 112% from 2000 ($2.62 billion) to 2010 ($5.56 billion)
  • Diverse Industry Makeup: 36% Primary Economy, 53% Professional Service Economy and 11% Retail Economy
  • Continued Expansion: 270 new building or expansion projects initiated or completed since 2010, with construction costs for 166 of these totaling $315 million and space for 138 of these totaling 4.2 million square feet (Note: figures do not include planned Walmart distribution center)

greater TALENT

  • Premier K-12 Education: Innovative educators partnering with area businesses and organizations to ensure students are well-prepared to meet the needs of area employers
  • 5 Higher Education Institutions: Minnesota State University, Mankato; South Central College, Rasmussen College, Bethany Lutheran College and Gustavus Adolphus College
  • Ongoing Professional Development: Abundant education and training opportunities available from higher education institutions and other community organization   
  • Leadership Training: Programs offered that develop personal and professional leadership skills, including the 26-year-old Greater Mankato Leadership Institute
  • Young Professional Program: Opportunities for individuals ages 21–39 in earlier stages of their careers to connect with one another, learn and become engaged in the community
     

greater BUSINESS ENVIRONMENT

  • Extensive Supply Chain: Abundant suppliers and complimentary industries, with particularly strong presence in Metal Manufacturing & Fabrication, Power Generation Manufacturing, Electronic Manufacturing Services, Agriculture & Food Processing, Renewable Energy, Printing and Warehousing Distribution  
  • Accessible Location with Efficient Transportation: Strategically located relative to all of southern Minnesota, as well as the Minneapolis/St. Paul area, with major highways connecting the area, a modern regional airport, trucking services and rail access to U.S. and global markets 
  • Regional Collaboration: Progressive cities and counties that work together through a Regional Economic Development Alliance to provide both regional and geographic-specific information to businesses interested in the Greater Mankato Marketplace 
  • Strong Infrastructure: Availability of existing buildings and shovel ready land, affordable and accessible utilities and funding sources for businesses that want to locate and grow in the Greater Mankato marketplace

greater RESOURCES

  • Locating or Expanding Businesses:  Ready advocate in Greater Mankato Growth, with staff able to provide customized marketplace information and facilitate connections with supply chain partners, financing and government
  • Entrepreneurial Environment:  More than 30 programs with services for new and emerging businesses in the area, with Greater Mankato Growth helping connect them to the right resource at the right time
  • Existing Business Support and Retention:  Proactive services and up-to-date information needed to drive success throughout the life of a business offered by Greater Mankato Growth
     

greater LIVABILITY  

  • Affordable Living: Cost of living well below the national average and the lowest of any MSA in the state
  • Scenic Setting: Haven for outdoor enthusiasts, who enjoy the area’s abundant nature, wildlife  and recreation activities, including more than 60 parks, 8 golf courses, 50 miles of paved trails and abundant hills, rivers and lakes
  • Sports, Entertainment and Culture:  Activities for participants and spectators alike, offered by a variety of community groups, as well as area colleges  
  • Superior Health Care: Regional headquarters for Mayo Clinic Healthy System and Mankato Clinic, with both organizations continuing to expand their services, minimizing the need for residents to travel for specialized medical treatment
  • Community Involvement: Cooperative efforts of citizens, community and business leaders to plan for and ensure a successful future for Greater Mankato
     

 

The Greater Mankato Growth, Inc. Family: Visit Mankato City Center Partnership