The Zumbrota Economic Development Authority (EDA) and staff are pleased to assist businesses with their retention, expansion and relocation efforts through a variety of tools.
One of the first steps in starting, expanding or buying a new business is the drafting of a business plan and identifying sources & types of financing. An excellent resource for assistance on these items is the Small Business Development Center .
Once its time to arrange for financing, locally owned Bank of Zumbrota can provide assistance.
Other potential sources of business financing include:
Based on the public benefit of a proposed development, the Zumbrota Economic Development Authority may offer financial assistance through the use of a Local Business Development Loan Fund, Local Commercial Rehabilitation Loan Program, Tax Increment Financing, Tax Abatement, Minnesota Investment Fund Loan, Minnesota Job Creation Fund Program, and other local, regional, state and federal revenue sources. Contact Community Development Director Dan King at 507-732-7318 for more information on development opportunities and business subsidies. Please review our Business Subsidy Policy and Application for more information on this option.
Click for information on Zumbrota's demographics, household income profile and retail market analysis.
The City has a unique Redevelopment Opportunity in the historic downtown central business district; for the right project this 28,800 square foot lot could be yours for a buck. In addition, the City has land immediately available for industrial development in the Highway 52 Southwest Business Park.
Click for information on Highway 52 Commercial Development opportunities at the interchange at Highway 52 and 58.