ECONOMIC DEVELOPMENT AUTHORITY                                                     

The City of Preston Economic Development Authority (EDA) is committed to the growth and expansion of businesses, jobs and community development in the City of Preston. The EDA can assist with, Loans/Grants, Business Development, and Site Selection. The following is a list with links to business and community tools. For more information, contact Cathy Enerson, EDA Director at: cathy.enerson@cedausa.com, or 507-765-2153

 

Community Development & Grants

 

Preston Public Utilities Operation Spare Change Round Up:

PPU grant guidelines & application pdf

Housing Incentive Guidelines & Application:

Preston Housing Incentive

Revolving Loan Fund Guidelines and Application:

Revolving Loan Fund Financing Assistance

SBA assistance form 641:

Small Business Development Center Request for Counseling

 

Preston Industrial Park

industrial park survey plat (1) (1)

                                                                                              Housing

Housing Incentive Guidelines & Application:

Preston Housing Incentive

County Tax Forfeiture Single Family Homes for Sale: 

Fillmore County State Land Forfeiture Sales List pdf

    EDA Board Offices                                              EDA Board Members

Dwight Luhmann – Board Chair                                                          Charles Sparks

Scott Springer – Vice Chair                                                    Tim Kiehne                  Robert Maust

Cathy Enerson – Director, Secretary/Treasurer                    Joann Szuch               Jon Ebner

 

 

EDA Economic Development Projects

 

 

National Trout Center: National Trout Center ED Project

Preston walking tour:   http://www.prestonmnchamber.com/walking-tour/

Preston’s NW Industrial Park: Please contact the EDA for site selection: Industrial Park plat

Numerous low interest loans to area small business entrepreneurs

 

INCENTIVES

The Preston EDA cordially welcomes continued growth and new development in the Preston Area.

The process of expanding current business as well as starting new can be very difficult, and at times discouraging.

The Preston EDA Offers several gap financing and assistance programs to extend business added comfort in their decisions.

     Preston Housing Incentive

The Preston Economic Development Authority facilitates a City Housing Incentive to promote new construction, the purchase of existing homes and the rehabilitation of existing properties. If you would like to build new, purchase an existing home as a new resident to Preston or rehab your current home, contact Cathy Enerson at 507-765-2153 for more details. The incentive may include energy savings, free utilities, Preston Bucks, golf club memberships, Preston pool passes and permit fee reductions.

Link to Housing Incentives

     Preston Commercial Incentive/Improvement Revolving Loan Fund

The Preston Economic Development Authority operates a Revolving Loan fund to assist with business startups and expansions. The incentive is offered through very low interest rates and attractive financing terms. RLF Link

     Preston Business Expansion/Job Creation Revolving Loan Fund

The Preston EDA also operates a Job Creation loan fund. This fund is used to provide discounted financing for projects that include the creation of jobs and may be offered for those business ventures which appear to need extra financial incentive to make them feasible. State of MN job creation fund, a program to replace Job Z

City of Preston Revolving Loan Fund

 

     Small Business Development Center

There is a representative of the SBA Small Business Development Center in Preston two days a week. This professional is available to assist with business start-ups and expansions. The SBDC can also provide counseling on many aspects of business operations. SBDC application  Please email the two page form to: cathy.enerson@cedausa.com

     Professional Development Staff

The City of Preston employs the services of a Regional Development organization, CEDA. Through these services, the City has access to numerous development programs that otherwise are often more difficult to attain. We can help identify and apply to programs to meet your needs. These include...

     Small Business Development Center

     Job Training Assistance

     Minnesota Department of Employment & Economic Development

     Building Renovation & Rehabilitation

     Technology Manufacturing

     Agricultural/Food Processing

     Board Training