Revitalizing the heart of the community
16 Oct 2017
In recent decades, many cities have prioritized the revitalization of their downtown districts.
A strong city center is not just good for business and it’s good for the community. It’s a helpful indicator of a city’s overall vitality.
The Elk River Economic Development Authority has a loan program dedicated to downtown revitalization. Downtown businesses can access low interest loans of up to $75,000 for business development and renovation.
Some of the potential uses are building construction, modernization and exterior renovation.
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Mutually beneficial development
Oct 9 2017Cites use a wide range of tactics cities to help stimulate private sector investments. Low interest and forgivable loans can be a great way to encourage small business growth.
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Hearth building new senior housing
Oct 6 2017Little Canada-based Hearth Development has started work on its newest site, a 98-unit senior living community just east of Highway 169 in Elk River.
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