Service Detail

East Central Regional Development Commission

100 Park Street South

Mora, MN 55051

Community/Economic Development E-maill HERE

The ECRDC serves as a designated district of the Federal Economic Development Administration (EDA) for Region 7E. The EDA provides funds to the ECRDC to provide technical assistance to units of government and others in the county for community and economic development efforts. Technical assistance ranges from general information across a variety of state and federal programs to specific grants making services related to public works projects and business expansions.

Economic Development Programs and Services:

· Economic and Community Dev. Planning

· Community Facilities Finance Packaging

· Business Finance Packaging

· Grant Application Planning and Preparation

· Small Business Revolving Loan Fund

· Census Data and Information Center

· Other assistance possible by request

Revolving Loan Fund (RLF)

The East Central Regional Development Commission has established a Revolving Loan Fund for business development. It is designated to offer financing primarily to private manufacturing projects on a long-term basis. Projects MUST be located within Isanti, Kanabec, Mille Lacs or Pine Counties .

The RLF funds include federal and local dollars. A number of communities/jurisdictions within the eligible counties have contributed/pledged local matching funds for this program.

Purpose of the RLF

· Create or retain permanent, private sector, full-time jobs

· Provide capital for business development and expansion within the region

· Achieve Achieve maximum number of jobs per loan fund dollar.

· Bolster the tax bases of local units of government.

Need Criterion

It is the policy and purpose of the RLF Committee to provide gap financing to business projects that offer job creation and private investment gains to the regional economy.

To receive the full loan application packet and guidelines call (320) 679-4065 ext. 29.

RLF Loan Application RLF Brochure

Goal: Stimulate economic development activity in rural Minnesota by providing local and state tax exemptions.

Increase your businesses profits by relocating or expanding to Minnesota ’s Job Opportunity Building Zones (JOBZ). JOBZ is Minnesota Governor Pawlenty’s key initiative to stimulate economic development activity in Greater Minnesota by providing local and state tax exemptions to new and expanding businesses.

East Central Minnesota JOBZ web site

CEDS 2010 Update

Business Assistance Directory

EDA Broadband Report