Rice Economic Development in Rice Minnesota

Address and phone number for Rice Economic Development, an Economic Development Agency, at East Main Street, Rice MN.

Rice Economic Development
205 East Main Street, Rice, Minnesota, 56367

About the Rice Economic Development

The Rice Economic Development, located in Rice, MN, is a government agency that promotes business activity and development in the Benton 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 Rice. The EDA also offers small business support programs and land development programs.

You may contact the Economic Development Office for questions about:
  • Rice Economic Development programs and services
  • City and community development
  • Job creation, training, and workforce development
  • Benton County Economic Development funds
  • EDA grants and funding
Rice Business and Workforce Development

The Economic Development Office promotes the Benton County area for business development, highlighting Rice as a favorable location to do business. The EDA works closely with Benton 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 Benton 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 Rice, MN

In Rice, 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 Rice Economic Development maintains an inventory of available commercial land and commercial building space in Rice 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 Benton County permitting requirements, and connect small businesses with bidding opportunities for government contracts.

Economic Development Grants & Loans

The Economic Development Office administers Benton County grants and loans. These include Brownfield Redevelopment grants, facade improvement grants, and Benton County public improvement grants. Businesses can also qualify for Benton County loan programs, often with below-market interest rates and less stringent credit requirements than business loans from traditional financing institutions.

Benton 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 Benton County level, or the Rice level. The Economic Development Office offers tax incentives or tax abatements on the theory that new businesses or expanding businesses generate job opportunities in Benton County and thus increase the tax base.

Contact the Rice Economic Development

You may contact the Rice Economic Development by calling 320-393-7423, or by addressing inquiries to the office mailing address: Rice Economic Development, 205 East Main Street, Rice, Minnesota, 56367.

Map of Rice Economic Development in Rice Minnesota

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