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Counties Can Be Great Partners

This presentation, part of the Minnesota Association of Rural Telecommunications on October 11, 2007, features insights from Nancy Hoffman, Benton County Economic Development Director, and Chris Eng, Executive Director of the Chisago County Housing and Redevelopment Authority. Attendees will learn about goals and resources for economic development, including financial assistance, industrial park development, and marketing strategies aimed at high-wage job promotion. Discover available loan funds, tax incentives, state and federal programs, as well as regional opportunities to enhance business growth and community infrastructure.

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Counties Can Be Great Partners

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  1. Counties Can Be Great Partners Minnesota Association of Rural Telecommunications – October 11, 2007

  2. Presenters Nancy Hoffman, Benton County Economic Development Director 320-968-5071 nhoffman@co.benton.mn.us Chris Eng, Chisago County Housing and Redevelopment Authority Executive Director 651-674-5664 chris@chisagocounty.org

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

  4. 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.

  5. Financial Assistance • Loan Funds • Tax Incentives • State Programs • Federal Programs

  6. 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

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

  8. State Programs Minnesota Investment Fund Greater Minnesota Business Infrastructure Grant Program Strategic Entrepreneurial Economic Development (SEED)

  9. 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

  10. Technical Assistance • Financial Packaging • Business Assistance • Regulatory Agencies • Resource Referrals • Site Selection

  11. Land Acquisition and Business Park Development • Chisago County Business Park Development Program: • Chisago City • Rush City • North Branch • Wyoming • Stacy

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

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

  14. 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

  15. 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

  16. MAPCED

  17. 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

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