ECONOMIC DEVELOPMENT

The MMDC provides a variety of economic development assistance to both local units of government and directly to new and existing businesses.  MMDC staff work closely with city and county economic development professionals with many economic development activities.

MMDC is federally designated by the U.S. Economic Development Administration (EDA) as an Economic Development District.  This designation enables the local units of government in the counties of Region Six-East to apply for U.S. Economic Development Administration funds to pursue projects that help to reach the goals identified in the Region’s Comprehensive Economic Development Strategy (CEDS).  The CEDS is a five year plan, updated annually, with goals and objectives developed with input from local economic development professionals, community leaders, and local citizens. 

You may download a copy of the most recent CEDS document by clicking on the News/Publications link listed on left.

Please contact Economic Development Director Les Nelson for questions and further information on MMDC’s economic development assistance and programs.

DevelopMN

Minnesota has significant economic opportunities all across the state. Regions throughout Greater Minnesota share many qualities and challenges, but lack the intentional alignment needed to take advantage of shared priorities and maximize the use of resources. The lack of alignment has led to a limited voice in crafting effective development policy based on regional priorities. DevelopMN will help identify needed alignment and document a broadly supported strategy for creating shared prosperity.

What will be accomplished?

Minnesota Regional Development Organizations are working collectively to accomplish the following:

  • Create a common framework for regional economic plans, including a template for data collection, assessment, strategies, and measures of success
  • Develop regional strategies that address the special challenges and opportunities of each part of the state
  • Create a framework for state action that will enhance and support economic development efforts at the local and regional level
  • Develop and implement an approach that effectively engages state partners
  • Raise the bar on what constitutes effective rural economic development in Minnesota

Why is this important?

The beginning of the 21st century presents a number of challenges and opportunities to rural Minnesota as it charts its economic future. An economy that is now driven by innovation demands that we create an environment that nurtures its talent and workforce, supports entrepreneurship and creates communities that can support both. In order for rural Minnesota to succeed, there needs to be a strong, collective and credible voice that can create and move forward an economic agenda at the local, state, and federal level.

Regional Development Organizations are committed to providing that collective leadership for rural Minnesota.

View full DevelopMN 2016 Plan.

MMDC’s Economic Development Services

Services offered:

  • Prepare Financial Packaging for Grants and Loans
  • Assist with Loan Applications
  • Identify Sources of Assistance
  • Develop Strategic Planning
  • Design Economic Development Plans
  • Develop Business Plans
  • Identify Tax Increment Finance Districts
  • Prepare Grant and Loan Applications
  • Tax Free Zones (JOBZ)

 

Contact: Les Nelson, Economic Development Director 320-235-8504 Ext 241

 

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