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

Click here for the official City of Spring Grove website link.

 

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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

Small Business Development Center

Community and Economic Development Associates

Southern MN Initiative Foundation

Kickstarter

504 Corporation

SE MN SCORE 

SO MN SourceLink

MN Investment Fund

EDA News & Announcements:

Fix Fund Offered

 The Spring Grove Economic Development Authority has committed an additional $10,000 to the popular Fix 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 processed on a first come, first serve basis by the EDA, which typically meets on the first Wednesday of each month. Those sessions are advertised in the Spring Grove Herald, and are open to the public. The venue is 168 W. Main at 7 pm.

Applications are available for download here, or at City Hall. 

 

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/

 

CONTACT:

Courtney Bergey, CEDA
Community and Business Development Specialist

507-251-9272

courtney.bergey@cedausa.com

EDA Board meetings are every first Wednesday of the month at 7:00 PM in the Spring Grove Communications public meeting room.