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Counties Can Be Great Partners

Counties Can Be Great Partners. Minnesota Association of Rural Telecommunications – October 11, 2007. Presenters . Nancy Hoffman, Benton County Economic Development Director 320-968-5071 nhoffman@co.benton.mn.us

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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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