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.
Mutually beneficial developmentOct 9 2017
Cites 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. Development funds currently available through Elk River’s Housing and Redevelopment Authority are serving a secondary purpose: to promote the sale...
Hearth building new senior housingOct 6 2017
Little 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. The project is being built by Nottingham Construction (a Hearth Development affiliate) and was designed by Bloomington-based Kaas Wilson Architects. The community will offer independent...
Exports climb in most global regions, reaching $5.1 billion ST. PAUL – Minnesota companies exported $5.1 billion worth of manufactured, mining and agricultural products in the second quarter of 2017, a 7.4 percent increase from the same period a year earlier, according to figures released today by the Minnesota Department...