The Fillmore County EDA can help you obtain information on regulations, market conditions, technologies and more.
We can review you current business situation and make recommendations for the future.
For planning growth, marketing, etc., a strong business plan can make identifying those steps much easier.
Financial Analysis and Loan Packaging
If additional financing is one of you growth needs, we can help you analyze your businesses' financial situation, identify sources of financing, organize the necessary documentation, and assist you in preparing a loan application.
We offer strategic market analysis to help you clearly understand the characteristics of your customers and develop a solid marketing plan.
Site Location Assistance
We can help you navigate through potential sites for your new development. Choosing a site to meet all your business location needs will be challenging, will help your work with other city economic developers to match your business with the right location.
Click the links below view and print Business Subsidy Policy & Application.
Business Subsidy Application (Applies to all Programs)
Tax Abatement Program
The Fillmore County EDA adopted a tax abatement policy to be used as a tool for economic development throughout the county. Tax abatement is when a taxing board (county, city, and school) grants a taxpayer a stay of paying a tax for a short or long term, for a total or percentage of the tax. Tax Abatement Assistance will only be used when the abatement of taxes would be in the demonstrated interest of the tax-paying public.
Tax Increment Financing Programs
Tax Increment Financing (TIF) is a redevelopment tool authorized by State statute and used by cities and development authorities, such as the Fillmore County EDA, to finance certain public redevelopment costs. Projects financed with TIF must serve a public purpose such as redeveloping blighted areas, constructing low- and moderate-income housing, providing employment opportunities, and improving the tax base.
Local, regional, state and federal agencies have several different loan/grant programs to assist different types of business throughout the county. For a list of available programs please contact the economic development coordinator for Fillmore County.
Fillmore County Loan Programs
Revolving Loan Fund (RLF)
Broadband Development Fund
Fillmore County Documents
Agricultural Utilization Research Institute (AURI) www.auri.org
CEDA (Community and Economic Development Associates) www.cedausa.com
Minnesota Department of Employment and Economic Development https://mn.gov/deed/
Southern Minnesota Initiative Foundation www.smifoundation.org
Small Business Administration www.sba.gov
Small Business Development Center (Southeast Minnesota Region) http://www.rctc.edu/workforce/smallbusiness/