The leaders of what was once one of the nation's fastest-growing counties are being warned they are not well-equipped to join a recovery that's slowly taking shape.
And consultants say the issues Scott County faces are common to many others as well. Among the sobering realities:
While suburbs often cringe at the thought of big multifamily housing projects, that is what the market now demands.
Meanwhile, the big corporate headquarters campuses they dream of? Mostly a mirage.
"Corporate campuses are tough," consultant Matt Mullins of Maxfield Research Inc. told a gathering of mayors and other civic leaders from across the county on Friday. "Everyone wants one. But there are only a handful of companies looking for that and it's a very competitive process. Ideally, it would be excellent for Scott," plagued as it is today with lots of lower-wage jobs versus the better paying offers in nearby Hennepin County. "But it's challenging."
Developers are keen on multifamily projects such as apartments and senior housing, he said, while for the moment "builders can't cash-flow single family subdivisions" of the type many suburbs prefer, "though I expect we will see more activity there soon."
Civic leaders spent more than two hours at Prior Lake City Hall viewing numbers showing the slowdown within the county in recent years and the immense gap between their goals for job growth and their ability to attract new firms.
Consultants warned of a limited supply of the kind of land firms seek: parcels ready to build on, with costly water services, sewer and the like.