Address and phone number for Fairmont Economic Development, an Economic Development Agency, at South State Street, Fairmont MN.
The Fairmont Economic Development, located in Fairmont, MN, is a government agency that promotes business activity and development in the Martin County area. The Economic Development Agency (EDA) attracts and retains business, promotes development to increase employment and the tax base, and encourages a thriving economic environment in Fairmont. The EDA also offers small business support programs and land development programs.You may contact the Economic Development Office for questions about:
The Economic Development Office promotes the Martin County area for business development, highlighting Fairmont as a favorable location to do business. The EDA works closely with Martin County Chambers of Commerce and business groups to market the region for business development. To promote business, the EDA creates marketing materials, creates promotional advertising, and organizes Martin County business expos. In addition to business development, the Economic Development Office promotes workforce development through job creation programs and training opportunities.Land Development Programs in Fairmont, MN
In Fairmont, the Economic Development Center seeks developers for undeveloped land or areas in need of redevelopment. They market development opportunities and identify obstacles to development, such as site contamination or a lack of funding. The Fairmont Economic Development maintains an inventory of available commercial land and commercial building space in Fairmont to match developers, landlords, and business owners with prime locations.Small Business Support Programs
As part of its business development agenda, the Economic Development Agency offers small business support programs. These programs provide ombudsmen services, support small businesses with licensing and Martin County permitting requirements, and connect small businesses with bidding opportunities for government contracts.Economic Development Grants & Loans
The Economic Development Office administers Martin County grants and loans. These include Brownfield Redevelopment grants, facade improvement grants, and Martin County public improvement grants. Businesses can also qualify for Martin County loan programs, often with below-market interest rates and less stringent credit requirements than business loans from traditional financing institutions.Martin County Tax Incentives
In Minnesota, the Economic Development Corporation administers tax incentives for businesses that expand or relocate within the jurisdiction. Funding for tax incentives may come from the Minnesota state level, the Martin County level, or the Fairmont level. The Economic Development Office offers tax incentives or tax abatements on the theory that new businesses or expanding businesses generate job opportunities in Martin County and thus increase the tax base.Contact the Fairmont Economic Development
You may contact the Fairmont Economic Development by calling 507-235-5518, or by addressing inquiries to the office mailing address: Fairmont Economic Development, 412 South State Street, Fairmont, Minnesota, 56031.
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