The Economic Development Authority (EDA)
The Economic Development Authority (EDA) members include elected City officials, local citizens and business representatives to create and maintain a pro-business environment, a high quality of personal life style and a strong sense of community. The EDA considers ways to attract and retain businesses in Spring Grove, assist businesses with expansion, and enable the quality commercial and industrial development and/or rehabilitation of areas within the community.
The Spring Grove EDA offers gap financing for businesses, and work closely with the City Council regarding tax incentives, in addition to marketing outreach to attract new business and development projects.
The Spring Grove Economic Development Authority also sponsors a Resident Recruitment Incentive Program to attract families with school age children to our City.
You can contact the EDA by calling City Hall, 507-498-5221
Spring Grove Entrepreneur Institute
Start or Grow Your Business! Network with small-business experts and area business owners to answer your questions and help you succeed! See list of presentations at right, for your chance to network and gain important skills to make your business venture a reality!
Resources & Links
SG EDA RESOURCES/LINKS:
DOWNLOAD: BUSINESS SUBSIDIES CRITERIA POLICY
DOWNLOAD: REVOLVING LOAN FUND CRITERIA
DOWNLOAD: General Business Subsidy Criteria
DOWNLOAD: Request for Assistance Application
Houston County EDA http://www.houstoncountyeda.org/
MN Department of Employment and Economic Development (DEED) http://mn.gov/deed/business/
DEED's Angel Loan Fund http://mn.gov/deed/business/financing-business/deed-programs/ssbci.jsp
USDA Rural Developmenthttp://www.rurdev.usda.gov/MNHome.html
Small Business Administration http://www.sba.gov/
Courtney Bergey, CEDA
Community and Business Development Specialist
EDA Board meetings are every first Wednesday of the month at 5:00 PM in the Spring Grove Communications public meeting room.
EDA News & Announcements:
Fix-Up Fund Offered
The Spring Grove Economic Development Authority has committed an additional $10,000 to the popular Fix-Up Fund grant program, which kicked off in 2013. EDA matching grants will pay 50% towards the cost of improvements to storefronts up to a maximum of $2,500 per business. Download the overview here.
All businesses within the Spring Grove city limits are eligible for the program. Applications will be reviewed at the June 11 EDA meeting at 5:00pm at the Spring Grove Communications building.
Applications are available for download here, or at City Hall.
The Spring Grove Economic Development Authority (EDA) has acquired a grant from the Southern Minnesota Initiative Foundation (SMIF), which will be used to provide several training opportunities for local businesses and entrepreneurs who are interested in starting a business. These training sessions, or Business Breakfasts, will be free of charge for attendees. Each session will be facilitated by Winona State University’s Adult & Continuing Education Department.
The first session will take place on Monday, April 29th 2019 at the Spring Grove Public Library from 8:00 am – 10:30 am. A light breakfast will be provided for all attendees.
The first session, Effective Business Financial Management, will help with understanding how to use your business financial statements to improve your business. The course will also help with finding access to capital and reducing the risks of financial errors.
Each session is limited in space, and will require participants to register for the event. Those interested can enroll in the course by emailing EDA Co-Director Rebecca Charles at firstname.lastname@example.org to register.
For more information, contact Rebecca Charles, EDA Director, at email@example.com.