Spring grove Economic Development Authority (EDA) 

 

$2,500 Grants Available for Business Facade Improvements!

The Chamber of Commerce was awarded 2023 Fix Up Fund dollars for their beautiful facade project on Main Street.

The Fix Up Fund is a program that provides incentives to local businesses to improve their building facades and stimulate private investment.  From 2013 to date, the EDA granted $68,085 in Fix Up Fund dollars, which leveraged over $250,595 of private investment. Businesses can apply for up to 50% in matching funds, up to $2,500, to support eligible façade improvement projects. Apply today!

$2,000 Grants Available for New Retail Businesses!

The community of Spring Grove has a vibrant, historic downtown, and we are looking to add more retail businesses to the community. To do this, the EDA has started a new incentive program to help entrepreneurs launch their business! Do you want to start a retail business in downtown Spring Grove? Apply for our Retail Incentive Program today!

Industrial Lots for Sale

The EDA developed the industrial park on Highway 44 on the east side of Spring Grove. A one-acre lot is currently listed for sale:

To inquire, please contact an EDA director or Stephanie Gulbranson of Edina Realty of Spring Grove.

What is the EDA and what do they do?

The Spring Grove EDA is a volunteer board of directors including elected City officials, local citizens, and business representatives that aims to create and maintain a pro-business environment, a high quality of life, and a strong sense of community. The EDA considers ways to attract and retain businesses in Spring Grove, assist businesses with startup and expansion, and enable the quality commercial and industrial development and/or rehabilitation of areas within the community. The EDA offers a wide variety of programs and services, including:

  • Financing. The Spring Grove EDA offers gap financing for business startup or expansion through the revolving loan fund program. If you’re interested in learning more about the program and applying for financing, contact an EDA director or click here to review the application.

  • Business Counseling. The Spring Grove EDA staff are trained Small Business Development Center (SBDC) counselors and can provide help in business planning, obtaining financing, marketing resources, and more. You can also access the EDA’s free business toolkit to help address key issues in business startup, such as registering your business, marketing, human resources, and more.

  • Tax Incentives. The EDA works closely with the City Council regarding tax incentives that can assist businesses with development. To find out if your project is eligible, contact an EDA director.

Want to learn more about the EDA’s work? Check out our 2023 annual report!

QUICK LINKS

CONTACT:

Courtney Bergey Swanson, CEDA
507-251-9272
courtney.bergey@cedausa.com

Rebecca Charles, CEDA
605-695-6765 rebecca.charles@cedausa.com

EDA Board meetings are second Tuesday of the month at 6:30 PM at Spring Grove Communications Room 100.

Spring Grove was a participant in the annual Regional Development Tour, hosted by Community and Economic Development Associates (CEDA) which highlights economic development opportunities in area towns. The tour brings builders, investors and others on a tour through small towns and highlights what each has to offer. This year's virtual tour highlighted Spring Valley, Lanesboro and Spring Grove!