Parkers Prairie has secured a $15,000 grant from the CEDA Rural Capacity Program (RCP) to help establish a revolving loan fund (RLF) through its Economic Development Authority (EDA). These funds will match a USDA-Rural Business Development Grant (RBDG) application to maximize the fund’s impact in its first year.
Since its establishment in 2023, the Parkers Prairie EDA has prioritized local economic growth. The new RLF will provide local businesses with essential gap financing, keeping development within the community.
Having worked with the Parkers Prairie EDA through the RCP, I’ve seen their dedication firsthand. They have been a fantastic community to work with—positive, proactive, and committed to making a difference. Their enthusiasm for economic development has made this process impactful and rewarding. Supporting small businesses through gap financing is a significant step toward long-term economic stability.
This initiative is just the beginning. Parkers Prairie’s commitment to local growth ensures that businesses will continue to benefit from this resource for years to come.
