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Spring Valley: A great place to live and do business


The City of Spring Valley has a thriving local economy committed to supporting the local business community.  The business talent, investment, entrepreneurial spirit, and home town pride, developed Spring Valley into a great place to live and do business.


The Spring Valley Economic Development Authority has been very influential in broadening the local economy.  The Spring Valley EDA's mission is to assist in the development of small, medium, and large business development related to service, tourism, manufacturing, agriculture, and retail sectors of the economy.  


The Spring Valley EDA assists existing business wanting to expand, and at the same time focuses on attracting new industry to the community.  The Spring Valley EDA can help facilitate development in our 42 acre industrial/commercial JobZ site (tax exemption status) program.  In addition to possible JobZ tax benefits the city has a Local Revolving Loan Fund, Tax Increment Financing Districts, incubator space and other financial incentive programs for those who qualify.  


These economic development tools and incentives are in place to assist your move to Spring Valley.  The Spring Valley EDA would like to invite you to take a closer look at the economic value of doing business in our city.  

Greetings:

The City of Spring Valley welcomes you to take a closer look at our community. We are a City that offers a thriving local economy committed to supporting the local business community.  The business talent, investment, entrepreneurial spirit, and hometown pride, has developed Spring Valley into a great place to live and do business.

The Spring Valley Economic Development Authority (EDA) has been very influential in broadening the local economy.  The Spring Valley EDA's mission is to assist in the development of small, medium, and large business development related to service, tourism, manufacturing, agriculture, technology and retail sectors of the economy.  We would like to put our mission to work with your organization. We invite you to  take a closer look at our City through the following success stories that demonstrate growth even in the worst of economic times. A welcome team invites you to visit our City. Make an appointment with our Economic Development Director Cathy Enerson at 507-346-7367 or cathy.enerson@cedausa.com.

Reaching out

In an effort to communicate the city housing incentive program to a wider audience, Spring Valley economic development director Cathy Enerson worked with area directors to arrange for the City of Spring Valley to become a contributory member of the Rochester Area Builders. The construction housing incentive for Spring Valley is now promoted on both the South East Minnesota Association of Realtors website and the Rochester Area Builders site.

LOCAL CHILD CARE BUSINESS

START – UP or EXPANSION

The Spring Valley Economic Development Authority (EDA) strongly believes that area child care is an important structural component to attracting and retaining area work force and housing. The EDA can assist with business planning, financing tools, and site selection for a for profit day care start up. The EDA and Chamber have been working with First Children’s Finance. The Chamber will be distributing to its Chamber members an employer child care needs survey, please take 3 minutes to fill out the survey:

For non - Chamber businesses please take the survey at: https://www.surveymonkey.com/r/SVCC2016

For ALL Child Care providers that are seeking a variety of assistance in a variety of forms please contact Child Aware

Minnesota, a State organization that offers both Grants and Scholarships: http://childcareawaremn.org/professionals-caregivers/become-provider/center-or-preschool

The Southern Minnesota Initiative Foundation offers a Community Growth Initiative. Grants for up to $20,000 for preschool education. Grant application can be received until March 21st of this year. Contact the EDA, to assist with the Community Growth Initiative Grant application. Details on the next page

Family First Rochester: http://www.c2r2.org/ (formerly child care resource and referral)

First Children’s Finance: http://www.firstchildrensfinance.org/ ________________________________________________________________________

The two types of CHILD CARE Centers that you might be considering expanding or developing:

IN HOME PROVIDERS

In home financing includes:

     • Contact your local banker for direct financing

     • The Southern Minnesota Initiative Foundation’s “Building Blocks Loan” of up to $15,000 at a rate of 5% is available to in home child care providers

     • Contact Child Aware Minnesota, A State organization with Grants and Scholarships contact at:

http://childcareawaremn.org/professionals-caregivers/become-provider/center-or-preschool

     • Family First Rochester: Local Area organization for Child Care assistance

     • First Children’s Finance: Business Plan example

CENTERS

     • Contact your local banker for direct financing

     • Family First Rochester: Local Area organization for Child Care assistance

     • First Children’s Finance: Business Plan example

     • Child Aware Minnesota, A State organization with Grants and Scholarships, contact at:

http://childcareawaremn.org/professionals-caregivers/become-provider/center-or-preschool

     • Contact the EDA for Business planning, site selection, and loans

     • Create a team: Attorney, Accountant, Banker, Area Economic Development Professional

OTHER

For EDA Loan Guidelines and Terms: Contact Cathy Enerson, EDA Director: cathy.enerson@cedausa.com. Survey results to be released in the near future, survey results can be used to assist with grant applications.

Spring Valley is a member of the Journey to Growth initiative that is part of Rochester Area Economic Development, Inc. The video above details the year in review for the group along with a review of Journey to Growth. The details about Journey to Growth begins at the 8:00 mark while Spring Valley economic development director Cathy Enerson is shown at 10:45.