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

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Presentation transcript:

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

Presenters Nancy Hoffman, Benton County Economic Development Director Chris Eng, Chisago County Housing and Redevelopment Authority Executive Director

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

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

Financial Assistance Loan Funds Loan Funds Tax Incentives Tax Incentives State Programs State Programs Federal Programs Federal Programs

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

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

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

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

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

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

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

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

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

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 notices  Semi-annual conferences  Annual Membership Directory  Legislative education, information and access  Peer networking  EDAM Foundation – Scholarships and Swat Team

MAPCED

Working Together Get to know the county economic development professional in your area. Get to know the county economic development professional in your area. Economic Development Association of Minnesota (EDAM) Economic Development Association of Minnesota (EDAM) Minnesota Association of Economic Development Professionals (MAPCED) Minnesota Association of Economic Development Professionals (MAPCED)