Prior Lake

1 A Wonderful Place to Live,Work and Play for a LakeCommunity ProfilePrior lake , located in Scott County at the southwest edge of the Twin Cities Metropolitan Area, is known for its beautiful lakes, numerous outdoor amenities, recreation opportunities, entertainment venues, outstanding schools and high-quality Leadership: school board, superintendent and administration. l Providing a high-quality education. l Meeting the learning needs of students. l Teaching and support staff. l Communicating important issues and decisions. Source: Decision Resources, 2010 survey analysisPrior lake s labor force is extremely well educated with more than 40% of its residents earning a bachelor s degree or higher. High School Graduate or Higher (age 25+) Prior lake Scott County Minnesota s Degree or Higher (age 25+) Prior lake Scott County Minnesota : Census Bureau, State & County QuickFactsWORKFORCEE ntities (estimate)Employees (estimate)Professional/Business Services109403 Trade, Transportation and Utilities85545 Construction80480 Financial Activities64219 Education and Health Services541,201 Other Services57566 Leisure and Hospitality293,423 Public Administration4917 Total / All Industries4827,754A flourishing community that has grown from a population of 15,917 in 2000 to 25,049 in 2015, an increase of 59%.

2 The population of Prior lake is expected to reach nearly 38,000 by 2040. Positioned for continued commercial development with more than 70 acres of pad-ready commercial, business park and industrial land. Growing, with more than 2,500 additional acres of commercial and residential land within an orderly annexation area that will become available for development in the near future. Home to hundreds of successful businesses, including Mystic lake Casino Hotel which is Scott County s largest : MN DEED Quarterly Census of Employment and Wages (QCEW), Quarter 4, 20154646 Dakota St. SE, Prior lake , MN 55372 (952) 447-9800 lake -Savage Area School District 719 serves Prior lake , Savage and surrounding townships. Within the district there are six elementary schools, two middle schools and a high school.

3 In addition, Prior lake is home to several private schools. Prior lake -Savage Area Schools is TOP 10 in the Twin Cities lake & TRANSPORTATIONIt is conveniently located with easy access to major transportation transportation system includes major roadways such as State Hwy. 13, County Hwy. 42, County Hwy. 21 and numerous others that provide convenient access to the Twin Cities Metropolitan Area and Greater Minnesota. County Hwy. 21 is a four-lane roadway which connects I-35 (7 miles) and US Hwy. 169 ( miles) through the center of the city. Minnesota Valley Transit Authority (MVTA) provides transit services to and from other municipalities within the Twin Cities Metropolitan Area which bring customers and employees to support community businesses and expands the employment options for southwest metro International Airport is approximately 25 minutes away and easily accessible via I-494 from I-35 or US Hwy.

4 169. Prior lake 21 MSP Minneapolis St. Paul 4646 Dakota St. SE, Prior lake , MN 55372 (952) 447-9800 l l l lPrior lake is an ideal community for new and expanding business , RECREATION & ENTERTAINMENT4646 Dakota St. SE, Prior lake , MN 55372 (952) 447-9800 lake is a premiere recreational community, than 100 miles of trails and sidewalks and 55 city parks encompassing approximately 1,050 acres. Cleary lake Regional Park (1,186 acres) and Spring lake Regional Park (373 acres) border the city and provide additional recreational large athletic complexes, band shelter, pavilion, fishing piers, boat slips, swimming beaches, winter skating rinks and sledding lake is home to 15 lakes, including Upper and Lower Prior lake which total 1,340 acres and 590-acre Spring lake .

5 Prior lake is considered one of the most popular lakes in the seven-county metropolitan area for boating, skiing and golfing opportunities with the Wild s Golf Club, Legends Golf Club, Heritage Links Golf Club, Cleary lake Golf Course, Stonebrook Golf Club and the Meadows at Mystic lake Golf : Land of Big Fun is a promotional partnership of Canterbury Park, Mystic lake Hotel Casino, the Renaissance Festival, Valleyfair, the Cities of Shakopee and Prior lake and the Shakopee Mdewakanton Sioux Community ( ). lllllDEMOGRAPHIC DATAFINANCING & INCENTIVESThe Prior lake City Council and Economic Development Authority (EDA) participate in and have access to the following programs which provide economic assistance to business and industry locating or expanding in the city: Tax Increment Financing Conduit Bonds Sewer & Water Fee Deferral Program EDA Revolving Loan Fund Scott County CDA Open to Business Tax Abatement MN Department of Employment & Economic Development (DEED) Loans and Grants2015 Population Prior lake 25,049 Scott County 140,898 Population Trends 1990 2000 2010 2020 2030 2040 Prior lake 11,482 15,917 22,796 27,500 32,500 37,600 Scott County 57,846 89,498 129,928 153,750 176,260 199,520 Sources: Census Bureau, State and County QuickFacts and the Metropolitan Council 2040 Regional Dakota St.

6 SE, Prior lake , MN 55372 (952) 447-9800 A location in the heart of one of the fastest growing counties in Minnesota. A great transportation network in close proximity to I-35 and 169. Access to the Scott County fiber optic network which spans 300 miles. Land development options, new and established industrial parks and quality infrastructure. The lowest city tax rate of the seven communities in Scott County. Superior quality of life, offering residents and visitors a wide variety of parks, trails, lakes and wetlands; as well as a charming downtown and abundant entertainment options. A housing stock with great diversity for families and individuals of all ages and incomes. A community committed to growing its business relationships. A business-friendly Economic Development Authority (EDA), Economic Development Advisory Committee (EDAC) and Chamber of Commerce to promote and grow business.

7 Prior lake Offers:Dan Rogness Community & Economic Director City of Prior lake 4646 Dakota St. SE Prior lake , MN 447-9813 Stacy Crakes, Business Development Manager Scott County CDA - First Stop Shop 200 4th Avenue WShakopee, MN 496-8613 Sandi Fleck President Prior lake Chamber of Commerce 4785 Dakota lake , MN 440-1000