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Find Economic Development news and articles from throughout the Dairyland Power Cooperative territory in Iowa, Illinois, Minnesota and Wisconsin.  February 2015.
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Oronoco Crossings Business Park Well Positioned for Rochester Growth

Destination Medical Center is a $5 billion initiative that represents the largest economic development opportunity in Minnesota and one of the largest in the country.  The project intends to leverage Mayo Clinic’s economic impact and secure Rochester, Minnesota’s status as a global medical destination.  It is anticipated that the project could create 35,000 to 45,000 new jobs in the area, increase business and economic growth and create billions of dollars in new tax revenue.
 
Oronoco Crossings, a new business park located on four-lane U.S. Highway 52 just north of the City in south Oronoco, is strategically positioned to provide new and expanding commercial and industrial businesses great access, high traffic counts and terrific visibility.  The 75-acre development features affordable land prices and full infrastructure including its own solar farm.  Attractive financing alternatives may be available for eligible projects and purposes through People’s Energy Cooperative, owner and developer of the Park.
 
Want more information?  Contact Gwen Stevens at People’s Energy Cooperative at (507) 367-7000 or gstevens@peoplesrec.com or visit Hamilton Real Estate.

 

Northern Illinois Property has Central Market Location
 

Over 109,000 square feet of manufacturing and assembly space is now available in Hanover, Illinois.  The building, situated on a 28-acre campus, consists of four floors and includes three exterior truck docks and two drive-in doors.  This property is priced to sell at $1,422,400 ($13 per square foot).  Attractive financing may be available.  Real estate taxes are extremely low at $0.22 per square foot and the property is located within an Enterprise Zone.
 
Hanover has an excellent central Midwest location just 45 minutes from Dubuque and Clinton, Iowa, and about an hour and fifteen minutes from Rockford, Illinois and the Quad Cities.  Chicago and Milwaukee are just 2 1/2 hours away.
 
For more information contact Lisa McCarthy at the Tri-County Economic Development Alliance at (815) 858-4491 or lmccarthy@tceda-nwil.org.
 

Need Rail and Interstate Access?  Black River Falls, WI, Has Your Site.
 

Finding the right property with both good rail and interstate access can be tough.  We found one for you.  The Black River Falls Industrial Park has over 150 acres of land available in parcels of two acres or more.  The Park, which includes a rail spur, is strategically located just off I-90 between the Twin Cities and Milwaukee.  All streets and infrastructure are in.  TIF and below market interest rate financing is offered by the community.  Continued education and training is available for your employees in the Park from Western Technical College.
 
Property information and site maps can be viewed on the Black River Falls Industrial Park website.  Or, contact Craig Harmes at (608) 787-1310 or cth@dairynet.com.


 

Buildings Available In Central Wisconsin


Clark Electric Cooperative has three buildings for sale, together or separate, in Greenwood, Wisconsin, centrally located just south of four-lane State Highway 29 between Eau Claire and Wausau.  The main headquarters building is 12,475 square feet and includes office and garage/warehouse space with 9 overhead doors.  An adjacent building is ideal for commercial/retail purposes, totals 12,988 square feet, and features 3 overhead doors.  The third building, a steel warehouse, is 7,940 square feet and has 4 overhead doors.
 
Contact Tim Stewart at Clark Electric Cooperative at (715) 267-6188 or tstewart@cecoop.com.



 
 

0% Interest Economic Development Loan Funds Available

One of the best kept secrets in regional economic development is the USDA Rural Economic Development Loan Program (REDLG) which provides business loans at 0% interest for a ten year term.  The maximum loan amount within this program was recently increased to $2 million and the funds can be used for business financing, infrastructure, health care facilities, business incubators and educational facilities.  Loans are granted for projects taking place within rural service areas of Dairyland Power's member cooperatives.  The favorable terms and large loan amount make the fund a useful incentive to help promote development projects of all kinds.  Eligible loan amounts are determined by overall project size, local cooperative regulations, and other typical loan approval criteria.

Are you wondering if these funds will work for a project you have in mind or what amount of loan you might qualify for?  Contact your local electric cooperative or Craig Harmes at Dairyland Power Cooperative at 608-787-1310 or cth@dairynet.com.  Applications are made through your local energy cooperative and most applications are turned around within two to three months.  Selection factors include the nature of the project, job creation, demographic factors, project plans, financial statements, ownership, supplemental funds, and probability of success of the project as a whole.  Some metro areas may be ineligible.
Dairyland Power is an Equal Opportunity Provider and Employer.
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