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
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.
DOWNLOAD: BUSINESS SUBSIDIES CRITERIA POLICY
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/
Tom Monson, CEDA
Community and Business Development Specialist
Tom is in Spring Grove every other Tuesday and EDA Board meetings are every fourth Tuesday of the month at 7:00 PM in the basement of the library.