EDA

 

The Economic Development Authority (EDA) facilitates economic growth by supporting existing businesses, by fostering reinvestment in the community, and by supporting the creation of new businesses, jobs, and housing. The EDA provides technical and financial assistance to businesses seeking to expand or start-up in Arlington.

 

EDA Board

The City has established a seven-member EDA Board to promote and provide for industrial and economic development and redevelopment within the City. The Board meets the second Monday of each month at 5:30 p.m. in the Council Chambers at City Hall (204 Shamrock Drive). 

**Agendas & Minutes Available**

 
EDA Offers Assistance To Businesses

Arlington Child Care Loan Program 

Facade Loan Program

 Residential Rental Rehab Program

 
Downtown Sign Program

Sign Program Policies

Sign Awning Application

 
Other Resources

Regional Center for Entrepreneurial Facilitation 

Revolving Loan Fund Policies and Procedures

Revolving Loan Fund Application

City of Arlington TIF/Abatement Policy

TAX Abatement TIF Application 

USDA Rural Development Assistance

 

 
 
 
 
 
 
 
USDA Home Loans
  • Single-Family Housing Direct Home Loans: These loans provide payment assistance to help low- and very-low-income applicants repay their mortgage. The property must be located in an eligible rural area, and income requirements vary based on where the borrower lives. The repayment period could be up to 33 years, with the possibility of reaching 38 years for qualified borrowers.
  • Section 502 Guaranteed Rural Housing Loan: This program helps low- and moderate-income applicants receive 100% financing on their home with no down payment. Repayment for these loans is offered at 30-year fixed-rate terms only. As with the direct home loans, applicants for the guaranteed loan must meet income requirements, and the property must be located in an eligible rural area.
 
Arlington Industries, Inc.
Contact Larry Sorenson 507-964-5588

Arlington Industries provides gap financing which is designed to stimulate economic development activity by assisting the private sector to create jobs, retain jobs, or expand opportunities for the businesses and citizens of Arlington. When possible, these funds are intended to compliment conventional business financing techniques by leveraging funding from other Federal and State financing programs and private lending institutions.

 
Available Residential Lots

Arlington EDA unplatted residential lots – not platted, and no water or sewer connections.
Arlington Meadows – sewer and water connections set up.
High Island Creek Addition –  sewer and water connections set up. 

WAC/SAC Waiver Agreement

 

Profile of Arlington for Prospective Businesses
PEOPLE
BUDGETS
Population                      2,249 Median Home Value             $130,400
Labor Force                    1,174 Avg Hhld Expenditures         $47,623
Small Businesses               101 Median Hhld Income            $48,139
Job Growth (2012-2013)  5.2% Top Tier Personal Income Tax   7.9%
Unemployment Rate        4.3% Top Tier Corp Income Tax         9.8%
Median Age              35.8 Years Top Tier Per. Cap. Gains Tax     7.9%
Nearest High School    In City Top Tier Corp. Cap. Gains Tax   9.8%
Nearest Hospital         In City State Sales Tax                        6.9%
LABOR FORCE
TRANSPORTATION
BA/BS Degree or Higher            9.35% Commute Travel Time      26 mins
High School Diploma or Higher  79.97% Airports in County            0
White Collar Workers                54% Airports w/in 50 Miles      13
Blue Collar Workers                  45% Miles to Interstate           35 miles
Higher Ed. Facilities w/in City    None Miles to Rail                    In City
High Ed. Facilities w/in 50 Mi     12 Latitude                         44.60891
  Longitude                      -94.07599
 
Twin Cities & Western Railroad
Since 2002, Minnesota Prairie Line has operated 94 miles of track between Norwood Young America and Hanley Falls, Minnesota. MPL serves some of the most productive agricultural counties in Minnesota. MPL works in partnership with the Minnesota Valley Regional Rail Authority (MVRRA) and the communities it serves to enhance rural economic development.

For more information about MVRRA, click on the above link or contact Julie Rath, MVRRA Administrator, at [email protected].

Business Toolbox

Thinking you want to start-up or purchase a business? Here’s a one-stop shop to get you started!

 

Appointed members include:

Kurt Menk (President)

Councilmember Matt Scharpe (V. President)

EDA Director Amy Newsom (Secretary)

Councilmember Craig Buss

Tim Kloeckl

Larry Sorenson

Dean Bergersen

Howard Brinkman

 

EDA Director

Amy Newsom

Phone: (507) 964-2378 ext. 4

Email Amy