Economic Development
The Sleepy Eye Economic Development Authority invites you to come and explore the opportunities for business investment and relocation in Sleepy Eye.
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Contact Us:
Sleepy Eye EDA 200 Main Street East Sleepy Eye, MN 56085 Phone: 507-794-5636 email: eda@sleepyeye-mn.com |
Kurk Kramer
EDA Coordinator
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MISSION STATEMENT
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. |
EDA Activities:
History of Huey Helicopter at Veteran's Park - See Veterans Park - Huey Helicopter - Historic Sleepy Eye
Sleepy Eye EDA Financial Resources
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!
SE EDA Business Assistance Program
This program is available to businesses located within the city limits of Sleepy Eye. Eligible businesses can receive a forgivable loan for ½ of the rehabilitation project costs and/or a business start-up cost with a low interest loan for the remaining ½. Businesses receiving assistance must follow the guidelines and criteria as explained in the application, see link above.
sign & awning program
This program is for local businesses interested in signage or awning for their business.
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.
All financial documents needed are noted in each of the program applications.
All financial documents needed are noted in each of the program applications.
Click The Document Below For Sample Pro-forma Financial Projections.
Just fill in the blanks to get started - most all formulas have already been entered.
Just fill in the blanks to get started - most all formulas have already been entered.
| pro_forma_financial_projections_-_sample.xls |
Additional Financial Resources
- Region 9 RLF Gap type financing tool available to business start-up and expansions
- Southern Minnesota Initiative Foundation RLF Gap type financing tool available to business start-ups and expansions.
- Brown County Economic Development Partners RLF Gap type financing tool available to business start-ups and expansions.
- Region 9 Micro Loan Program This program is intended for business start-ups or expansions that cannot access capital through conventional means.
- Southern Minnesota Initiative Foundation Micro Loan Program This program is intended for business start-ups or expansions that cannot access capital through conventional means.
Links to:
Minnesota Department of Employment & Economic Development
http://www.positivelyminnesota.com
Small Business Development Center
https://www.myminnesotabusiness.com/
Region 9 Development Commission
http://www.rndc.org/
Southern Minnesota Initiative Foundation
http://smifoundation.org/
Minnesota Technology
http://www.minnesotatechnology.org/sitemap.asp
GreenSeam
http://greenseam.org
Minnesota Department of Employment & Economic Development
http://www.positivelyminnesota.com
Small Business Development Center
https://www.myminnesotabusiness.com/
Region 9 Development Commission
http://www.rndc.org/
Southern Minnesota Initiative Foundation
http://smifoundation.org/
Minnesota Technology
http://www.minnesotatechnology.org/sitemap.asp
GreenSeam
http://greenseam.org
State of Minnesota
Dept. of Employment and Economic Development (DEED)
Link to DEED Website
DEED Announces Small Business Loan Guarantee Program
See the link to DEED's website for loan details and to keep up to date with other state economic development news.
Unemployment Insurance
See the link to DEED's website for more information on applying for unemployment insurance
Job Opportunity Building Zone (JOBZ)
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http://www.revenue.state.mn.us/Pages/jobz.aspx
Increase your businesses profits by relocating or expanding to Minnesota’s Job Opportunity Building Zones (JOBZ). |
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Purpose
The EDA was created by City Resolution in 1990 to promote the economic well-being 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.
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.
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EDA Board Members:
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Advisory Members:
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