2025 Budget for the City of Shakopee

23

Community Profile The City of Shakopee has a diverse tax base and employment opportunities are also diverse. There are several larger taxpayers and employers in the city that are important, but none are dominant. Shakopee is not overly reliant on one business or industry which has allowed us to weather fluctuations in the economy.

Top 10 Taxpayers

2023/24 Tax Capacity Value Rank

% of Total Tax Capacity Value

Taxpayer

MCP Shakopee LLC

$

1,223,406 1,202,564

1 2 3 4 5 6 7 8 9

1.32% 1.30% 0.93% 0.81% 0.69% 0.67% 0.66% 0.64% 0.62% 0.37% 8.01%

Prologis/ Duke Realty Limited Partner.

GEP X Addison LLC

863,721 753,833 642,046 619,949 609,817 589,714

Rahr Malting

Southwest Logistic Center, LLC

Shakkin LLC

J & J Minneapolis LLC 1280 DISC Drive LLC

Lothenbach Properties & Challenge Printing 570,651

Xcel Energy

338,545

10

$

7,414,246

Source: Scott County

Top 10 Employers

Total City Employment

Employers

Employees Rank

Amazon

2,500 1 1,721 2 1,563 3 1,315 4 1,160 5 877 6 865 7 824 8 800 9

5.37% 3.70% 3.36% 2.82% 2.49% 1.88% 1.86% 1.77% 1.72% 1.54% 26.50%

Valley Fair Emerson

School District No. 720 Cyberpower Systems Imagine Print Solutions

Scott County St. Francis RMC

Datacard

Northstar Auto Auction

715

10

12,340

Source: D&B Hoovers, https://app.dnbhoovers.com/, and a December 2021 best efforts contact of individual employers. This is not a comprehensive list. Some employers do not respond to inquiries.