CEDA

The Stewartville, MN Economic Development (EDA) recently approved a new program to assist local businesses with necessary purchases of cleaning and safety supplies. The new and exciting program, which was drafted by CEDA team member Joya Stetson who serves as Stewartville’s Economic Development Director,  will provide up to $200 per business for items, materials and equipment needed to successfully and safely resume operations in a variety of industries. Eligible products must be purchased from businesses located in the City of Stewartville if possible and can include items purchased on or after May 18, 2020.

Stetson said that the idea for the creative form of assistance came from a local business owner—Chris Kujath of Old River Valley Antique Mall. “When Chris called me and shared this idea, I knew it was something we had to look into further,” said Stetson. “Stewartville’s EDA Board is working hard to find ways to assist businesses through these unprecedented times. Most of our business owners will be required to make changes based upon the current circumstances; this program can help with some of those unexpected expenses.” Additionally, the EDA had conducted an economic impact survey in May in which other businesses also identified the need for assistance with the purchase of cleaning supplies.

“The City is pleased to offer this program as a part of our economic development efforts,” said Mayor Jimmie-John King. “Our staff and boards consistently try to respond to challenges quickly and provide assistance where we are able.”

$10,000 was allocated for the initiation of this program, including a $500 donation from People’s Energy Cooperative, which will allow the EDA to assist at least 50 businesses. The program will open immediately and run through September 1, 2020 or until funds are depleted (whichever occurs first). To facilitate the process, Stewartville businesses are able to conveniently submit applications online through a short Google Form.

Article by: Zach Bubany

CEDA is very involved with its communities and business owners, especially during this COVID-19 crisis. Here are just a couple of recent examples to illustrate ways that our team is working hard to serve small communities and businesses virtually:

Emily Legel, a Community and Business Development Specialist at CEDA, is just one of many examples of how CEDA and its members are doing everything possible to assist communities and businesses during this challenging time. Legel serves Northwest Illinois Economic Development. She is helping communities and businesses through a virtual outreach initiative that includes virtual “coffee breaks” and webinars. These resources allow business owners to receive the latest updates and information on various subjects, some of which include but are not limited to: financial assistance programs, local funding tools, and changing guidelines on the COVID-19 crisis. Legel’s work is ensuring that communities and businesses have tools to plan and implement necessary actions to keep business operations running as smoothly as possible during this pandemic.

Mary Kennedy, CEDA’s Director of Training and Professional Development, is also a prime example of CEDA’s commitment to its businesses. Kennedy sent out a survey to as many businesses as she could in Blue Earth, MN to better understand the economic impacts of COVID-19 and how her community could best take effective action. “We just wanted to get a feeling for how they were doing and if they needed assistance” Kennedy said. Some questions on the survey included, but were not limited to: [What are] the top factors that have impacted your operations?, and do you feel that you have access to information you need regarding programs from the federal and state government? From the responses, Kennedy learned that she should focus on helping businesses combat the effects of COVID-19 through grant writing, loan applications, strategic planning, and more.

Many other CEDA members took Kennedy’s survey and used it in their own communities to get a feel of their businesses’ status and needs.

Article by: Emily Davis

CEDA and the South Central Service Coop have teamed up to bring a Community Workforce Coordinator to serve the Blue Earth Area and United South Central school districts.

Emily Davis has joined the CEDA team at the end of April to fill the role. Her task will be to establish and grow relationships between the school districts and area businesses to provide students unique learning opportunities and more hands-on experiences. Davis will be working with the CTE (Career and Technical Education) teachers at each school to establish the best practices to utilize relationships for career exploration for the students. “I am excited to be in this new role and help students discover careers that they are passionate about,” Davis said. “I am also excited to see all of the creative ideas that will come out of the partnerships that already are established or that will be established.”

Career exploration has been a top priority for both districts, and by partnering with CEDA, the districts have committed to giving students more opportunities for not only career exploration but also different learning experiences that may not have otherwise been provided.

Article by: Cathy Enerson

In response to the shut down and slow down of local businesses, on April 6, 2020, the Preston Economic Development Authority (EDA) announced their COVID-19 Emergency Economic Development Loan Program.  According to CEDA team member Cathy Enerson, serving as the Preston EDA Director, “the loans will be used to provide assistance directly to small local businesses during the COVID-19 pandemic event. The up to $3,000 loan is intended to be interim financial aid to help keep businesses operating and a part of the tax base once the pandemic is over”.  The loan terms provide for 0% interest and repayment over five years. Loan payments are paid by the lender directly to the tax assessor or utility providers.  These payments sunset December of 2020. Applicant loan repayments begin January 2021.   In an effort to enhance the program and to help businesses located within the City of Preston, the Preston Area Community Foundation (PACF) and F & M Community Bank (F & M) together added $10,000 to the $30,000 loan program fund for a total loan fund of $40,000.  Those dollars are to be used by the EDA to forgive 25% of the loan which a business takes out through the loan program.  For example, if a business borrows the maximum $3,000, they will only need to pay back $2,250 of that.

Funding for the loan program was supported by a grant to the Preston Area Community Foundation in the amount of $5,000 from the Southern Minnesota Initiative Foundation (SMIF).  Mary Schwarz, the current chair of the PACF board, said, “We saw the need in the community as well as the opportunity to support the community by partnering with SMIF to provide some funds for the EDA loan program.  It’s times like this when a local foundation like PACF can make a meaningful impact.”

When Dan Christianson, CEO of F & M learned about the loan program and the grant through PACF’s, he decided F&M could help as well.  “Supporting the Preston business community and PACF is something we’ve made a priority for many years”, stated Christianson.  “So we decided we would contribute $3,300 to the EDA fund to help with the forgiveness portion of the loan program.  In addition, we will make a donation to PACF in the amount of $1,700 to cover their portion of the program.  This will allow the PACF to maintain their fund balances for future opportunities like this.”

The EDA has received seven applications for the Local Emergency Loan.  Additional loan funds are still available on a first come, first served basis.

Article by: Chris Giesen

The Harmony Ambulance Service was able to secure $22,594 from the Minnesota Department of Health through its COVID-19 Health Care Response Grant program with the help of CEDA vice president Chris Giesen, who is the CEDA team member assigned to Harmony.  This program was 100% grant, without a match requirement, and will provide the Harmony Ambulance Service with the ability to purchase additional personal protection equipment (PPE) and provide hazard pay to volunteer crew members to help compensate for the additional work, training, and risk associated with responding to emergencies during the COVID-19 pandemic. Giesen assisted ambulance director Eileen Schansberg with completing the application. With detailed information on department needs from the ambulance director, we were able to put this application together pretty quickly.  Harmony also received their award notice pretty quickly, too. Volunteer emergency response crews are doing more now than ever so being able to help them get additional compensation and making sure they are well equipped with PPE- well, it was a good feeling to be able to help Harmony’s first responders.