Counties Can Be Great Partners

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Counties Can Be Great Partners

• Minnesota Association of Rural Telecommunications
  October 11, 2007

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Presenters

• Nancy Hoffman, Benton County Economic Development
  Director
• 320-968-5071
• nhoffman_at_co.benton.mn.us
• Chris Eng, Chisago County Housing and
  Redevelopment Authority Executive Director
• 651-674-5664
• chris_at_chisagocounty.org

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Economic Development

• Goals
• Financial Assistance
• Technical Assistance
• Industrial Park Development
• Marketing
• Labor Force Trends
• Partners/Resources

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Goals/Objectives

• Enhance Existing Businesses
• Market for New Business
• Opportunities
• Objective is to provide resources
• to promote high wage paying
• jobs and increase commercial
• and industrial tax base.

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Financial Assistance

• Loan Funds
• Tax Incentives
• State Programs
• Federal Programs

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Loan Funds

• Banks
• Revolving Loan Funds
• Cities and County programs
• Regional Development Commissions
• Initiative Foundations
• Utility Companies
• Minnesota Community Capital Fund
• SBA Programs
• Minnesota Investment Fund

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Tax Incentives

• Job Opportunity Building Zones (JOBZ)
• Tax Increment Financing
• Tax Abatement

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State Programs

• Minnesota Investment Fund
• Greater Minnesota Business Infrastructure
• Grant Program
• Strategic Entrepreneurial Economic Development
  (SEED)

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Federal Programs

• REDLG Rural Utilities
• Telecommunications/alternative energy
• Grants/Loan programs for communities and
  businesses.
• Farm Bill
• Regional Development Commissions
• Grants for infrastructure
• Loans for businesses
• Economic Development Planning Grants

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Technical Assistance

• Financial Packaging
• Business Assistance
• Regulatory Agencies
• Resource Referrals
• Site Selection

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Land Acquisition and Business Park Development

• Chisago County Business Park Development Program
• Chisago City
• Rush City
• North Branch
• Wyoming
• Stacy

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Marketing

• Business Attraction
• Business Retention and Expansion
• Target Marketing
• Positively Minnesota

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Labor Force

• Top Three (3) Priorities
• Labor Availability
• Labor Quality
• Labor Cost
• Market Study

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Resources

• Just to name a few..
• County Economic Development Organizations
• DEED
• Initiative Foundations
• Regional Development Commissions
• Utility Companies
• Workforce Investment Boards
• Federal USDA and EDA
• Economic Development Associations

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EDAM

• Mission To advance the economic development
  profession
• In 2006 518 Individual Members and 200
  Organizations
• Benefits of Membership
• Educational and networking sessions
• Continuing Education Credits
• Bi-monthly newsletter/Web site and email notices
• Semi-annual conferences
• Annual Membership Directory
• Legislative education, information and access
• Peer networking
• EDAM Foundation Scholarships and Swat Team

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MAPCED
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Working Together

• Get to know the county economic development
  professional in your area.
• Economic Development Association of Minnesota
  (EDAM) www.edam.org
• Minnesota Association of Economic Development
  Professionals (MAPCED) www.mapced.org