Economic Development (EDA)

• 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

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

Economic Development Authority
The Economic Development Authority (EDA) promotes economic growth in St. Louis Park. City staff, under the direction of the EDA, provide business and economic development assistance, offer tax increment financing and public/private financial packages to promote redevelopment, and handle real estate transactions.

The EDA is comprised of the seven City Council members; however, EDA officers are different from the City Council (the president of the EDA need not be the mayor). EDA members elect their officers at their first meeting in December. EDA meetings are convened as necessary and are held just prior to the regular meetings of the City Council.

Locate Buildings or Development Sites
Looking for vacant land, an existing building or a redevelopment opportunity?