For more information, or if you have any questions or comments, contact Kurk Kramer, EDA Coordinator, at (507) 794-5636 or email at: firstname.lastname@example.org
The EDA Board Meeting agendas and minutes can be found on the bottom of this page.
EDA BOARD MEMBERS:
The Sleepy Eye Economic Development Authority (EDA) invites you to come and explore the opportunities for business investment and relocation in Sleepy Eye.
The mission of the Sleepy Eye Economic Development Authority (EDA) is to maintain and improve the community through the retention and growth of business, industry and services.
The EDA was created by City Resolution in 1990 to promote the economic wellbeing of our community. Since its inception the EDA’s primary responsibility has been commercial and industrial development and redevelopment.
The EDA administers various business incentives and other economic development measures aimed at creating or retaining quality jobs, increasing the tax base and encouraging private investment into the community.
EDA TOOLS/FINANCING RESOURCES
Specific details on any or all of these programs are available upon request. Contact the EDA office at (507) 794-5636
Sleepy Eye is experienced in utilizing Tax Increment Financing (TIF) and obtaining funds from the Minnesota Department of Trade & Economic Development. Our local banks are experienced in working with Small Business Administration programs. There is no economic development project too big or small – give us a try!
Minnesota Department of Employment & Economic Development
Small Business Development Center
Region 9 Development Commission
Southern Minnesota Initiative Foundation
Sleepy Eye EDA
200 Main Street East
Sleepy Eye, MN 56085
GENERAL OUTLINE OF DOCUMENTS REQUIRED TO SECURE FINANCING:
Most all financing packages require the entrepreneur or business owner to have a basic set of financial documents in order to secure financing. We'll make every effort to make sure that your package is complete and flows from beginning to end.
Following is a list of items needed:
Business Plan Outline - http://www.ntia.doc.gov/opadhome/mtdpweb/busplano.htm
Personal Financial Statement – http://www.sba.gov/sbaforms/sba413.pdf
3 Years Historical Tax Returns, Business and Personal
Assumptions to Financials
Pro-forma Cash Flow (2 Years), Pro-forma Income Statement (3 Years) and Pro-forma Balance Sheet (3 Years) – CLICK THE DOCUMENT AT THE BOTTOM OF THE PAGE FOR SAMPLE PRO-FORMA FINANCIAL PROJECTIONS.
Cost Estimates (Bids are Preferred)
Financing Commitment Letters (If Secured)
Purchase Agreements (If Appropriate)
Other – Any other documents that would support your project.
EDA AGENDAS AND MINUTES