Economic Development

Economic Development

Economic Development Authority (EDA)

The EDA is committed to working with the business community to create opportunities for new and existing companies to thrive in St. Louis Park.  Given its various powers and financial resources, the EDA creates and utilizes flexible business assistance and development programs within a strategic framework so as to encourage and facilitate economic...

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Economic Development Division Services

Under the direction of the Economic Development Authority (EDA), the CIty of St. Louis Park provides a variety of services and resources as well as administers numerous programs to assist businesses and developers with their expansion plans.  These include the following:  

• Business site selection assistance 
• Local tax structure and tax increment financing districts data and analysis
• Guidance on available City programs and other programs for various types of projects
• Redevelopment process assistance
• Public/private financial packaging assistance
• Coordination/implementation of special service districts
• Real estate transactions
• Private activity bond issuance or refinancing
• Business relocation/expansion assistance
• Redevelopment contract negotiations
• Commercial rehabilitation and small business development loans
• One-on-one free business consulting services with MCCD

For more information about any of these services, please contact the City Economic Development Coordinator, Greg Hunt at 952-924-2197.

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Economic Development Goals

The Economic Development Strategic Plan set three major business goals for St. Louis Park.

• Foster the development, redevelopment and revitalization of St. Louis Park's business centers.
• Retain St. Louis Park's base of existing, high quality businesses
• Recruit businesses that are compatible with and complimentary to St. Louis Park's existing businesses

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Locate Building or Development Sites

Looking for vacant land, an existing building or a redevelopment opportunity?

Test drive your business idea for free

As part of its Open to Business Program, the City of St. Louis Park is collaborating with the Metropolitan Consortium of Community Developers (MCCD) to provide one-on-one counseling with a business advisor. This is an opportunity to help prospective and existing entrepreneurs with planning and organizing their business ideas, financial management...

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