Savage, Minnesota, has experienced significant growth over the past two decades, evolving from a small city to a thriving suburb with a population exceeding 33,000 residents. This expansion has been accompanied by a dynamic economic landscape characterized by diverse industries and a supportive business environment.
Key Industries and Employment
The local economy employs approximately 18,900 individuals, with the largest sectors being Health Care & Social Assistance, Manufacturing, and Retail Trade. These industries collectively provide employment opportunities for a substantial portion of the community, contributing to the city’s economic vitality.
Business Demographics
As of March 2026, Savage is home to 1,651 businesses, reflecting a robust entrepreneurial spirit. Notably, 51.4% of these businesses have email addresses, 80.1% have phone numbers, and 60.8% maintain websites, indicating a strong digital presence that facilitates customer engagement and operational efficiency.
Economic Development Resources
The City of Savage actively promotes economic development through various programs aimed at attracting new businesses and supporting existing ones. Available initiatives include Property Tax Abatement, Tax Increment Financing, and the SAC Deferral Program. These resources are designed to foster a conducive environment for business growth and expansion.
Additionally, the Savage Chamber of Commerce plays a pivotal role in supporting the local business community. Established in 1964, the Chamber offers networking opportunities, advocacy, and resources to help businesses thrive. Membership provides access to events, marketing opportunities, and collaborative initiatives that promote economic development in the area.
Community Engagement and Events
Community events such as the annual Dan Patch Days celebration serve as platforms for local businesses to engage with residents and showcase their offerings. These events not only strengthen community ties but also provide economic benefits by attracting visitors and stimulating local spending.
Conclusion
Savage’s economic landscape is marked by a diverse array of industries, a growing number of businesses, and a supportive network of resources aimed at fostering economic development. The collaborative efforts between the city, local organizations, and the business community continue to drive growth and prosperity in Savage.