Office tenant retention, expansion, and
recruitment efforts are a primary focus of Capital City Partnership.This
priority has led to strong investments in St. Paul and expansion of the city's jobs and property tax base.
Capital City Partnership has helped create
an environment that is attractive to businesses
both physically and financially, and
has led efforts to identify, evaluate, and
finalize new and relocating businesses to create
a world-class business district. Capital
City Partnership developed an Office Space
Occupancy Action Plan designed to improve
office space recruitment, absorption, and
occupancy. The plan focuses on the “multitenant
market” and the core industries
that hold the greatest promise for growth.
The goals of the plan include increasing
the number of new jobs and the total net
absorption of downtown office space.
Saint Paul is fast becoming the Business
Capital that many firms are proud to call
home. 18,000 new jobs have been added,
and nine new office buildings have been
built in downtown Saint Paul in the past
eleven years, adding nearly 3 million sq.
ft. of office space inventory and representing
an investment of over $650 million in
construction costs.
Downtown Saint Paul is the smartest location
for value-conscious businesses needing
easy access to a highly educated workforce,
a knowledge-based business community,
and public policy thought leaders. Through
an innovative marketing approach, Saint
Paul has been successful in recruiting and
retaining corporate headquarters.
• Lawson Software relocated its headquarters
to Saint Paul in a new $100
million building
• Securian Financial Group built a new
$100 million headquarters
• Ecolab, Inc. expanded its corporate
headquarters
• U.S. Bancorp relocated 2,200 employees
to their new $79 million riverfront
Operation Center
• Gander Mountain relocated their headquarters
and 235 employees to Saint
Paul, with aggressive expansion plans
for the next 10 years
• Great Northwest Insurance moved its
corporate headquarters to Saint Paul
from Boise, Idaho
• Minnesota Public Radio expanded their
downtown headquarters campus with a
$46 million project
Downtown St. Paul is a hub for business in the upper Midwest. Award-winning planning has created a
downtown core that is as beautiful as it is easy to access - competitive advantages that continue to lure
new business investment to the Capital City.
| Saint Paul's Largest Employers |
| |
Private Sector |
St. Paul FTE Employment |
Total FTE Employment |
| 1 |
US Bancorp |
4,370 |
52,200 |
| 2
| HealthPartners/Regions Hospital
| 4,336
| 8,011
|
| 3
| Allina/United Hospital
| 3,312
| 17,169
|
| 4
| HealthEast/St. Joseph's Hospital
| 2,887
| 4,767
|
| 5
| St. Paul Travelers
| 2,800
| 32,000
|
| 6
| Securian Financial Group
| 2,400
| 3,300
|
| 7
| Ford Motor Company
| 1,847
| 327,531
|
| 8
| 3M
| 1,223
| 69,315
|
| 9
| University of St. Thomas
| 1,221
| 1,612
|
| 10
| Ecolab, Inc.
| 1,218
| 22,000
|
| 11
| Children's Hospitals & Clinics
| 1,053
| 3,072
|
| 12
| Comcast
| 886
| 80,000
|
| 13
| Saint Paul Pioneer Press
| 817
| 817
|
| 14
| Lawson Software
| 800
| 3,400
|
| 15
| Qwest
| 727
| 38,536
|
| 16
| Merrill Corporation
| 711
| 5,765
|
| 17
| Marsden Building Maintenance
| 601
| 1,924
|
| 18
| Hamline University
| 600
| 600
|
| 19
| College of St. Catherine
| 518
| 636
|
| 20
| Amherst H. Wilder Foundation
| 497
| 633
|
| 21
| Concordia University
| 479
| 479
|
| 22
| Wells Fargo
| 451
| 154,000
|
| 23
| Hubbard Broadcasting, Inc.
| 436
| 1,050
|
| 24
| Morrissey Hospitality Companies, Inc.
| 361
| 372
|
| 25
| Minnesota Public Radio
| 331
| 442
|
| 26
| American Security, LLC
| 325
| 991
|
| 27
| Crowne Plaza Hotel
| 305
| n/a
|
| 28
| Greentree (fka Conseco)
| 300
| 1,800
|
| 29
| Gander Mountain
| 289
| 4,085
|
| 30
| Minnesota Historical Society
| 248
| 284
|
| 31
| Science Museum of Minnesota
| 224
| 241
|
| 32
| Agribank, FCB
| 214
| 214
|
| 33
| Impressions, Inc.
| 206
| 275
|
| 34
| Minnesota Sports & Entertainment
| 180
| 214
|
| 35
| William Mitchell College of Law
| 167
| 167
|
| 36
| Metropolitan State University
| 161
| 239
|
| 37
| YMCA of Greater St. Paul
| 151
| n/a
|
| 38
| Smyth Companies, Inc.
| 120
| 385
|
| 39
| Bremer Financial Corporation
| 103
| 1,867
|
| 40
| Macy's North
| 96
| n/a
|
| |
| |
Public Sector |
|
|
| 1 |
State of Minnesota |
12,500 |
40,700 |
| 2 |
United States Federal Government |
4,184 |
2.5 Million |
| 3 |
City of St. Paul |
2,925 |
3,187 |
| 4 |
Ramsey County |
2,612 |
3,540 |
| 5 |
US Post Office |
2,627 |
790,501 |
| 6 |
Metropolitan Council |
1,159 |
3,038 |
| 7 |
University of Minnesota |
n/a |
17,124 |
• There are an estimated 68,000 people
in employed in downtown Saint Paul,
employed by 1,175 employers.
• 80% of employees enjoy working
downtown to a great or moderate extent
and cited atmosphere and green space,
commute, restaurant selection, arts and
cultural opportunities, as well as special
events and festivals as primary reason
they enjoyed the downtown area.
• 35% of downtown workers are male,
64% are female.
• 60% of downtown workers have Bachelor
degrees or higher.
• 81% of the downtown employee population
is between the ages of 25 and 55.
• 69% of the downtown employee population
has an annual pre-tax income of
$30,000 - $75,000.
• 95% of the employees do not live
downtown.
• 63% of the downtown employees work
for larger firms with more than 250
employees.
• 58% of workers report staying downtown
after work to eat out up to 4 times
per month.
• 41 % of workers go to bars and clubs downtown
after work up to 4 times per month.
• 49% of workers stay after work to shop
up to 4 times per month.
• 36% of workers stay after work to attend
a concert up to 4 times a month.
• 29% of workers stay after work to attend
a sporting event up to 4 times a month.
• 27% of workers stay after work to go to a museum or attend special events/festivals
up to 4 times a month.
• 75% of employees drive to work, 76%
of employees have a commute of less
than 20 miles.
• 25% of employees use alternative commuting
options.
• 63% of employees would use light rail
to commute if available.
Sources: 2005 Downtown Demographic Study Capital City Partnership
/ JH Pool Consulting; *GVA Marquette Advisors – First Quarter 2007
Apartment Trends; **Saint Paul Area Association for Realtors – 2005
|
|
|
 1) Downtown Saint Paul is home to many
of the region’s most active companies
and organizations. 2) Minnesota Public
Radio recently expanded their downtown
headquarters campus. 3) Capital City
Partnership played an instrumental role in
the relocation of Lawson Software to their
new headquarters in downtown Saint Paul.
4) Securian Financial Group built a new
$100 million headquarters.
A sampling of Saint Paul's largest employers includes 1) U.S. Bancorp 2) Regions Hospital 3) The Travelers Companies, Inc. and 4) Ecolab.
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