Coon Rapids, Minnesota, stands as a dynamic city with a diverse and thriving economy. Home to over 63,000 residents, the city has cultivated a robust business environment that supports a wide range of industries, from manufacturing to retail and services.
Manufacturing and Industrial Growth
The manufacturing sector in Coon Rapids is a cornerstone of the local economy. Notably, Green Bay Packaging, a family-owned corrugated packaging manufacturer, has been a significant presence since 1996. The company recently embarked on a multi-phase expansion, adding over 100,000 square feet to its facility. This growth is expected to create approximately 20 new jobs, further strengthening the city’s industrial base.
Retail and Commercial Development
The Riverdale business district, encompassing over two million square feet of retail space near US Highway 10 and Main Street, serves as a vibrant commercial hub. Recent additions include an ALDI grocery store and a Home2 Suites by Hilton hotel, enhancing the retail and hospitality options available to residents and visitors alike.
Commitment to Economic Development
The City of Coon Rapids is dedicated to fostering a positive business climate and encouraging economic development. This commitment is evident in the support provided to local businesses and the attraction of new enterprises. The city’s Economic Development Department offers resources and assistance to businesses looking to establish or expand their presence in Coon Rapids.
Community and Workforce
With a median household income of $88,251 and a labor force participation rate of 70.1%, Coon Rapids boasts a strong and engaged workforce. The city’s strategic location, just 20 minutes from downtown Minneapolis and St. Paul, further enhances its appeal to businesses seeking access to a skilled labor pool and a supportive community.
In summary, Coon Rapids continues to thrive as a hub for business and innovation, offering a diverse economic landscape that supports growth and prosperity for its residents and enterprises.