Find Watonwan County Minnesota economic development agencies, departments, and corporations. Economic development agencies provide information on resources for economic growth, expansion of local businesses, attracting new business and tourism.
Watonwan County Economic Development Agencies (EDA's) are government agencies at the Minnesota State, Watonwan County, or local level whose mission is to promote business activity and development, attract and retain business, facilitate development that increases employment and the tax base, and encourage an environment in which the economy can thrive in Watonwan County, MN.You may contact the Economic Development Office for questions about:
Economic Development Agencies in Watonwan County promote Minnesota, Watonwan County, or community as a favorable location to do business. They usually work closely with Watonwan County Chambers of Commerce and other business groups to market the region for business development. This collaboration often involves creating marketing materials, developing promotional advertising, and organizing Watonwan County business expos.Small Business Support Programs
The Watonwan County Economic Development Agency may include an office dedicated to supporting small businesses. The Watonwan County government can support small businesses by providing ombudsmen services, helping small businesses work through licensing and Watonwan County permitting requirements, and raising awareness of bidding opportunities on government contracts.Land Development Programs in Watonwan County, Minnesota
Watonwan County Economic Development Centers actively seek developers for undeveloped land or parcels in need of redevelopment. They market development opportunities, and in cases where obstacles to development exist, they may help identify gap funding or other solutions to impediments such as site contamination. Watonwan County EDA's also maintain inventories of available commercial land and commercial building space in order to serve as a matchmaker for developers, landlords, and business owners.Watonwan County Tax Incentives
Watonwan County Economic Development Corporations sometimes offer tax incentives to businesses that expand or relocate within their jurisdiction. This strategy is particularly common at the Minnesota State level, but it also takes place at the Watonwan County and local levels. Typically, the Economic Development Agency offers a Watonwan County tax incentive or tax abatement based on the theory that the new or expanded business will generate job opportunities and thus increase the tax base.Economic Development Grants & Loans
Watonwan County grants and non-traditional loans are also available through Economic Development Agencies. Common grants to businesses include Brownfield Redevelopment grants, facade improvement grants, and Watonwan County public improvement grants. A variety of Watonwan County loan programs may be accessible through an Economic Development Agency, often at below-market interest rates and with less stringent credit requirements than loans from traditional financing institutions.