|
| |
|
 
| Major Employers |
| Employer |
SIC |
Products/Services |
Employee Count |
| Albany Area Schools |
8211 |
Elementary and Secondary Schools |
240 |
| Mother Of Mercy Campus of Care |
8051 |
Skilled Nursing Care Facilities |
160 |
| Albany Area Hospital |
8062 |
General Medical & Surgical Hospitals |
117 |
| Kraft Food Group |
2022 |
Cheese Natural Processed & Imitation |
66 |
| Stearns Bank N.A. & Leasing |
6021 |
National Commercial Banks |
88 |
| Ramler Trucking & Truck Trailer Repair |
4212 |
Local Trucking, Without Storage |
55 |
| Wood Shop Of Avon, Inc. |
2431 |
Millwork |
28 |
| Albany Mutual Telephone Association |
4813 |
Telephone Communications Ex Radio |
13 |
| Joe's Trucking |
|
International Hauling |
10 |
| Central MN Fed Credit Union - Albany Office |
|
Financial |
17 |
|
| Wells Concrete Products (Albany) |
|
Precast/pre-stressed Concrete |
50-100 |
| Workforce |
|
Stearns County |
Stearns County
&
Adjacent Counties |
St. Cloud MSA |
| Total Employment |
80,008 |
247,060 |
101,798 |
| Available Workforce |
83,273 |
256,503 |
96,433 |
| Annual Average Unemployment |
5.6% |
4.2% |
5.7% |
Employment By Industry |
|
Stearns County |
Stearns County &
Adjacent Counties |
St. Cloud MSA |
| Agriculture |
|
|
N/A |
| Construction |
3,321 |
9,382 |
4,038 |
| Finance, Ins., Real Estate |
3,131 |
6,520 |
3,399 |
| Government |
|
30,496 |
13,069 |
| Manufacturing |
11,925 |
74,632 |
17,077 |
| Mining |
|
107 |
N/A |
| Retail Trade |
11,810 |
44,482 |
21,857 |
| Services |
|
40,178 |
23,889 |
| Trans., Comm., Utilities |
2,381 |
8,610 |
3,445 |
| Wholesale Trade |
3,297 |
9,970 |
4,886 |
| Source: MN Department of
Employment & Economic Dev. 2006 |
|
|
| Occupations and Wages in
Minnesota excluding the Twin Cities Region |
| Job Title |
Wage/Hr |
| Accountants & Auditors |
$24.36 |
| Assemblers & Fabricators |
$10.97 |
| Bookkeeping, Accounting, &
Auditing Clerks |
$13.75 |
| Computer Operators |
$13.35 |
| Crushing & Mixing Machine
Operators & Tenders |
$15.90 |
| General Managers & Top Executives |
$33.09 |
| General Office Clerks |
$11.81 |
| Hand Packers & Packagers |
$10.01 |
| Machine Feeders & Offbearers |
$12.04 |
| Maintenance Repairers, General Utility |
$16.66 |
|
| Job Title |
Wage/Hr |
| Sales Representatives |
$20.51 |
| Secretaries, Except Legal &
Medical |
$14.89 |
| Stock Clerks - Stockroom or Warehouse |
$9.69 |
| Truck Drivers, Heavy or Tractor
Trailer |
$16.41 |
| Welders & Cutters |
$15.85 |
|
|
|
| LOCAL FINANCIAL INSTITUTIONS |
| Stearns Bank, N.A. |
Deposits $944,000,000 |
| Central MN Federal Credit Union-Albany Office |
Deposits $64,560,000
|
|
OTHER FINANCIAL SERVICES (PUBLIC)
|
City of Albany - (320) 845-4244
Tax Increment Financing, Industrial Revenue Bonds, Small Business
Administration Program, Financial Package Preparation
|
Stearns county Housing and Redevelopment Agency (320) 252-0880
Financial Package Preparation
|
| Stearns County Economic Development (320) 656-3601 |
| Government |
The City of Albany is a Plan A Statutory City. Regular Council meetings are
held every first and third Wednesday of each month. The City of Albany
functions under the direction of the following:
| A. Planning Commission |
| B. Park Board |
| C. Albany Economic Development Authority |
|
| Structure Information |
| Organization: |
Mayor\Council |
| Budget: |
$1,153,000 |
| City Bond Rating: |
Baa |
| Comprehensive Land Use Plan: |
Yes |
| Locally Controlled Loan Program: |
No |
| Recycling: |
Yes |
| Fire Insurance Rating: |
6 |
| Industrial Plans Approved By: |
City Council |
|
|
| Public Protection Services |
| Service Type |
Regular |
Part-Time |
Volunteer |
Seasonal |
| Fire |
- - - |
- - - |
24 |
- - - |
| Police |
4 |
3 |
- - - |
- - - |
| Sheriff |
40 |
1 |
- - - |
- - - |
| EMT |
- - - |
- - - |
- - - |
- - - |
|
|
|
|
Albany Industries, a Minnesota non-profit corporation, works with the local
government on Economic Development Projects.
REAL ESTATE TAXES:
Minnesota real estate taxes are based on
each property's tax capacity value that is calculated
from the property's taxable market value (the value after all reductions,
limitations, and deferrals have been subtracted from a property's
estimated market value) and classification rate. The tax capacity
value is multiplied by the tax capacity rates as set by the school
board, county board of commissioners, and city council, and if
pertinent, any miscellaneous district boards. When applicable, a
state general property tax rate is applied to commercial/industrial and
seasonal recreational residential properties. A referendum market
value tax is added to the property tax bill by multiplying the
referendum market value by the market value rate.
For commercial/industrial property (one ownership
parcel), the following formula is used to calculate the property's tax
capacity value: the first $150,000 of market value times 1.5% and
the remaining market value times 2.00%.
For residential homesteaded property, the property's tax
capacity value is calculated on the taxable market value: the
first $500,000 of taxable market value times 1.00% and over $500,000 of
taxable market value times 1.25%. The total tax on residential
homesteaded property is also reduced by a homestead market value tax
credit. This credit is equal to 0.40% of the taxable market value
with a maximum amount of $304, reduced by a credit phase-out equal to
0.09% of the taxable market value greater than $76,000 (that reduces it
to $0 for taxable market value equal to or greater than $413,800). |
|
| District |
Tax-Capacity Rate |
| City of Albany |
38.21% |
| IDS #745 |
23.72% |
| Stearns County |
47.52% |
| Stearns County HRA |
.46% |
| Total Tax Capacity Rate for City |
109.90% |
|
| State General Property Tax
Rate |
48.032% |
|
|
School Referendum Market Value Tax Rate |
.09861% |
| Property Taxes |
| Property Tax Information |
Assessed Market Value
Information |
| Municipal Tax Rate |
36.44% |
Commercial/Industrial |
$,,27,672,200 |
| County Tax Rate |
48.66% |
Residential |
$124,807,500 |
| School Tax Rate |
24.15% |
Other |
$ 11,355,200 |
| Misc. Tax Rate |
.86% |
Total |
$163,834,900 |
| Total Tax Rate |
110.11% |
|
|
| State General Property Tax Rate |
48.032% |
|
| School Referendum market Value Tax Rate |
.09861% |
|
|
|
|
| Economic Development Services |
| Economic Development Authority: |
Yes |
| Housing Redevelopment Authority: |
No |
| County Development Corporation: |
No |
| Chamber of Commerce: |
Yes |
| Port Authority: |
No |
|
|
| Incentives |
| Tax Increment Financing and other
support is available for qualifying developments. Lots available
in the Industrial Park located just off Interstate 94. Water and
sewer available to site. |
|
|
| Business & Community Services |
| Financial Institutions
Information |
| Name |
Phone |
Total Assets |
Capital as % of
Assets |
| Stearns Bank, N.A. |
(320) 845-2151 |
$1,241,000,000 |
- - - |
| Central MN Federal Credit Union-Albany Office |
(320) 845-4784 |
$426,838,000 |
- - - |
|
|
| Lodging & Meeting
Facilities Information |
| Facility |
Number of Facilities
Available |
Facility Size |
Teleconferencing
Available |
Teleconferencing
Available to Public |
| Hotel |
1 |
48 units |
|
No |
| Motel |
0 |
|
|
No |
| Conference Center |
0 |
|
|
No |
|
|
|
|
