CEDA is looking for a lead risk assessor for our Small Cities Development Program (SCDP) grants in Hayfield, Hokah, Caledonia and Blue Earth, MN. Please email your proposal to allison.wagner@cedausa.com or mail to CEDA, PO Box 483, Chatfield, MN 55923.
Jackson Economic Development Corporation (JEDC) to Begin Construction on a Multi-Tenant Commercial Building
Article by: Tom Nelson
The JEDC, along with CEDA team members, announced plans for an 8,700 sq/ft multi-tenant commercial building in the Jackson Crossroads commercial development park in April 2021. The five-unit development will be located at the crossroads of Interstate 90 and Highway 71. The project will be anchored by the opening of a new Cabin Coffee franchise and Subway, both featuring drive-through services. CEDA team member Tom Nelson, who serves the JEDC and the Jackson EDA, has been a part of this project from conception working to attract outside development to the community by securing anchor tenants and eventually presenting the concept to the JEDC.
JEDC President Scott Reimer says “There wasn’t a lot of investors looking to step up to do a project like this in a smaller community so we took it upon ourselves to hatch this project and contact local business owners to see if we could get something going.”
Subway was the first to join the project when they expressed a need for an updated location with a drive-through. Cabin Coffee became part of the project when local business owners Donnie and Audree Schoenrock reached out to Nelson about starting a franchise in late 2020. Nelson was able to connect the pair with Brad Barber of Cabin Coffee who has worked with multiple CEDA communities. The Jackson EDA also assisted with the project by providing the Cabin Coffee franchise with $161,000 in gap financing through their revolving loan fund.
“We really wanted to do something in our town or close to it. We love Jackson. And we got introduced to Brad Barber of Cabin Coffee through Tom Nelson who is our Economic Development coordinator.” said Donnie Schoenrock
Once the JEDC decided to pursue the project, Nelson connected the board with three different construction management companies. The JEDC eventually choose the local firm Tri-State Contracting as their construction manager and started the work of designing the building. The group is very excited about the project and the potential it has to kickstart further development in the community. The goal of the project is to attract development to the community by creating attractive spaces for businesses to located and increase interest in the development park.
Construction on the multi-tenant commercial building location will begin in early July. The JEDC anticipates an opening date for occupants in early 2021.
Lewiston Receives Grant Funding for Bike Fix-It Stations
CEDA Team Member working with the City of Lewiston EDA, Donna Mack, authored a Winona County SHIP Live Well grant application that awarded the City of Lewiston $3,069 in funding to purchase two powder coated bike fix-it stations with air pumps and pressure gauges. The total cost of the project was over $4,250 with the City covering the balance of the costs.
One of the stations will be placed at Southside Memorial Park and and the other at Lewiston City Hall. Lewiston Monument donated the concrete slabs and foundation for the project. The City completed the project in June.
Both City Hall and Southside Memorial Park, with their new bike fix it stations, not only help promote a healthier lifestyle, but are a quick and easy spots to repair and park bikes for residents and any bike enthusiasts passing through town on their daily, weekly, or monthly rides!
“The City is very grateful to the Winona County SHIP Live Well program for their assistance in providing Lewiston with the tools to become a healthier, more vibrant place to live!” said Charlie Matzke, Lewiston Economic Development Authority.
Eyota Leverages Program Funding to Encourage Commercial Facade Improvements and Apartment Rehabilitation
Article by: Cathy Enerson
CEDA team member in Eyota, Cathy Enerson, reports that $514,381 of total investment has been injected into 39 projects in Eyota. Of this figure, $228,341 represents private investment and $286,040 is from grant dollars. The grant dollars are from Eyota’s Rochester Sales Tax funds and the MN Department of Employment and Economic Development’s Small Cities Block Grant funds.
Building improvements began several years ago using both the Rochester Sales Tax funds for historic downtown façade improvements, and the DEED funds for apartment rehabilitation. Using the combined funding, 11 buildings have received facade improvements and 28 apartment units were rehabbed.
“The most important outcome”, states Enerson, “is the fact the community has injected over half a million dollars into needed building improvements without causing apartment rents to have to increase due to the cost of building rehabilitation. The building owners, renters, and Eyota residents win when existing buildings are improved.” Through the Eyota EDA, Enerson administers the Historic Downtown Facade Improvement Grant program, and CEDA administers the DEED Small Cities Block Grant program for the City of Eyota, creating a systematic process and timeline for the building rehabilitation.
CEDA Authored Grant Awarded for Housing Study in Spring Grove
Article by: Rebecca Charles
The Spring Grove Economic Development Authority (EDA) is excited to announce that they have been awarded $3,500.00 in funding from Compeer Financial Rural Feasibility Study program for the purpose of commissioning a ‘Housing Subdivision Feasibility Study’ which will be used to determine best practices and opportunities for motivating developers to forge ahead with a new housing subdivision. CEDA representatives, Courtney Bergey Swanson and Rebecca Charles, authored the grant which was then submitted on behalf of the EDA. “Without the financial support of Compeer Financial, this study would not be completed”, says Charles. “It is the partnerships we pursue and maintain that make it possible for projects like this to materialize”.
Compeer Financial is a member-owned, Farm Credit cooperative serving and supporting agriculture and rural communities. Compeer provides loans, leases, risk management and other financial services throughout 144 counties in Illinois, Minnesota and Wisconsin. Their mission goes far beyond farm loans or insurance offerings. Compeer Financial is passionate about championing the hopes and dreams of rural America; and are always evolving to meet communities’ emerging needs and fully serve rural America.
The pending feasibility study was determined to be essential to encourage residential development for Spring Grove. The study is to be undertaken by city engineers, WHKS, an engineering firm in Rochester, MN. The Spring Grove EDA has commissioned the report in response the housing shortage currently plaguing SE Minnesota. The study is expected to begin within the next 30 days and will take approximately 3 months to complete.