Find St. James 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.
St. James 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 St. James, MN.You may contact the Economic Development Office for questions about:
Economic Development Agencies in St. James promote Minnesota, Watonwan County, or community as a favorable location to do business. They usually work closely with St. James 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 St. James business expos.Small Business Support Programs
The St. James Economic Development Agency may include an office dedicated to supporting small businesses. The St. James 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 St. James, Minnesota
St. James 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. St. James 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.St. James Tax Incentives
St. James 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 St. James 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
St. James grants and non-traditional loans are also available through Economic Development Agencies. Common grants to businesses include Brownfield Redevelopment grants, facade improvement grants, and St. James public improvement grants. A variety of St. James 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.