Three decades ago, it was little more than a vision. Today, it is the cornerstone of Lakeville's business development.
Airlake Industrial Park had its beginnings in the mid-60's, when Hitchcock Industries purchased 1,500 acres of land in Lakeville. Today, Airlake is Minnesota's second-largest industrial park by acreage and is home to 150 businesses that employ more than 4,200 people.
The Twin Cities Metropolitan Area (TCMA) comprises the major cities of Minneapolis and St. Paul, their surrounding suburbs and adjacent satellite cities in a seven county area. It forms the hub of a trade area encompassing portions of six states and Canada and includes some seven to eight million people.
The TCMA has a population over 2,700,000. An area wide governing board, called the Metropolitan Council, is responsible for problems affecting the entire area and coordinating orderly growth through agencies such as the Metropolitan Transit Authority and the Metropolitan Sanitary Sewer District.
The Metropolitan Area has a strong and well diversified industry. There are some 2,500 manufacturers based here, including the corporate headquarters for such giants as 3M, General Mills, International Multifoods, Pillsbury, Cargill, Control Data, and Land O'Lakes, plus regional offices for a good cross-section of nationally known firms. No major employer or type of employment dominates the area. Agriculture provides a rich base to the economy of the region and unemployment is typically below the national average. Minneapolis is the headquarters of the Ninth Federal Reserve District.
The Twin Cities have excellent transportation facilities including Freeways 35 (North/South) and 94 (East/West), nine trunk railroads, three major bus lines, over 100 interstate truck lines, and an international airport served by most major carriers. A large scale project was completed in 1963 which extended navigation of the Mississippi river through Minneapolis.
The cultural, educational, and recreational facilities of the TCMA are appropriate for the thriving commercial and financial center. The University of Minnesota, Minnesota Zoo, Guthrie Theatre, Walker Art Center, Science Museum of Minnesota, and an extensive park system all contribute to a standard of living which is one of the highest in the nation.
The Twin Cities Metropolitan Area will continue to grow and provide an inviting commercial and residential environment.
The Twin Cities ranked at the top of a MarketWatch study on the nation's best metro centers for business, winning by a wide margin.
Construction is finished on the newest office-warehouse in the 1,500-acre Airlake Industrial Park in Lakeville.
Airlake Development Inc. has completed construction of Airlake South Creek Business Park Phase I, a 30,000 square foot speculative multi-tenant office/warehouse facility located at the northwest corner of Cedar Avenue and Highway 70 in Lakeville.
At the annual State of the City address held on May 22 at the new Holiday Inn & Suites, guests had the opportunity to hear City Administrator Steven Mielke present information on development in Lakeville over the past year. Projects currently under construction were also highlighted.
New multi-tenant office/warehouse development at Cedar Avenue and Highway 70.