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Business Resources
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Opportunity Zone
Selected census tracks in Waseca have been designated as an Opportunity Zone, click here for the list of all zones in the U.S https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx
Opportunity Zone census tracts have been selected by Minnesota and approved by the feds. You can view all of the designated MN Opportunity Zones here.
IRS has a FAQ page with some useful information https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions
Here is an article with more information: https://finance-commerce.com/2018/06/qa-how-to-invest-in-opportunity-zones/: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions
Businesses can easily navigate these pages to identify and access state and regional resources related to seven categories:
Business Financing; Entrepreneurship; Environment and Energy; Exporting/Importing; Research and Data tools; Start and manage a business; Workforce Development. These state and regional resources were compiled collectively by the Minnesota Chamber and local chambers.
Your free, go-to service in Minnesota for any and all business questions: starting a business, expanding your business, selling a business, business plans, legal structures, environmental permits, business loans, patents, insurance, finding employees, hiring employees, training employees, advertising, marketing, and much more!! This is a valuable resource that can assist you in reaching your full potential as a business. You have access to real people that can help you with your questions about starting, running, or improving your business.
http://www.mnchamber.com/grow-minnesota-business-resourcesMinnesota Business First Stop
Customer service to streamline the development process for business expansions, re-locations and startups. Assistance from multiple agencies.
http://mn.gov/deed/business/help/first-stop/Minnesota WasteWise
mnwastewise.orgUSDA and Rural Development - Rural housing, business, energy and cooperative programs
rd.usda.gov/mn
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Department of Employment and Economic Development (DEED)
Cost of Living - Provides a yearly estimate of required wages to meet basic cost of living
Check out cost of living in Waseca comparison calculator.
mn.gov/deed/colEconomic Development Resource Guide - mn.gov/deed/guide
How to Start a Business in Minnesota (“A Guide to Starting a Business in Minnesota”)
https://mn.gov/deed/assets/guide-starting-business-minnesota-36th-ed-2018_tcm1045-155254.pdfWORKFORCE DEVELOPMENT
Career Profile - Find wages, demand, job opportunities
mn.gov/deed/careersJob Training Incentive Program
Provides grants to new and expanding businesses for training new workers
mn.gov/deed/business/financing-business/mjsp/training-grants/index.jspMinnesota Works
www.minnesotaworks.netOccupations in Demand - List of current jobs in demand by educational requirements and wages
mn.gov/deed/oidReturning Veterans
careeronestop.org/reemployment/veteransFinding the right employee for your business - Source Nect, Inc.
Small Business Recruiting Guide and Resources
WorkForce Center – Mankato
12 Civic Center Plaza, Suite 1600A
507-344-2622
WorkForce Resource Guide - mn.gov/deed/images/wdd-resource-guide.pdf
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Business Loans and Gap Financing
City of Waseca Economic Development Authority
https://www.investwasecamn.com/
Region 9
Finance Director - 507-387-5643
Nine County Revolving Fund
www.rndc.org/nine-county-revolving-loan-fund
Southern Minnesota Initiative Foundation
Loans, Equity and Seed Funding
smifoundation.org/what-we-do/econ_development/business_financing/U.S. Small Business Administration
sba.govWaseca County Economic Development Authority
co.waseca.mn.usWaseca Development Corp.
507-835-5240Angel Loan Fund Program & Emerging Entrepreneurs
Deed Small Business Development Loan Program & Job Creation Fund
USDA Rural Micro Entrepreneur Assistance Program
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REGIONAL PARTNERS
Region 9 Development Commission
rndc.orgSouthern Minnesota Initiative Foundation
smifoundation.orgWaseca Area Foundation
wasecaareafoundation.org*SCORE Minnesota - Free and confidential mentoring
southcentralminnesotascore.org
Entrepreneur training - anytime, anywhere*Small Business Development Center - (SBDC) - Mankato
Services - How to put together a business plan and more.
myminnesotabusiness.com
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Commercial Lenders
Compeer Financial (financing for ag related businesses)
866-577-1831 Compeer.com
Spire Credit Union
507-833-4320 myspire.comKeen Bank
507-835-2740 Keen.BankMinnwest Bank
507-835-4220 minnwestbank.comUnited Prairie Bank
507-835-8180 unitedprairiebank.com
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REFERENCES
Attorney General's Office
ag.state.mn.usBetter Business Bureau
651-699-1111 - 800-646-6222James J. Hill Reference Library
jjhill.org/reference-libraryMacRAE's Blue Book
macraesbluebook.comMN Dept of Agriculture
mda.state.mn.us
651-296-6121Secretary of State
sos.state.mn.usThomasNet
http://thomasnet.comUniversity of Minnesota Extension
extension.umn.edu/agriculture/
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CONTACT YOUR LEGISLATORS
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Representative John Petersburg (R) - District 24A
577 State Office Building - 100 Rev. Dr. Martin Luther King Jr. Blvd.
St. Paul, MN 55155
507-461-4377
johnpetersburg.comSenator John Jasinski (DFL) - District 24
95 University Ave W
Minnesota Senate Bldg 3229
St. Paul, MN 55155
651-296-0284
Sen.John Jasinski
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Senator Gene Dornink (R) - District 23
95 University Ave W Minnesota Senate Bldg
St. Paul, MN 55155
651-296-5240
Representative Patrica Mueller (R) - District 23B
253 State Office Building
Saint Paul, MN 55155
651-296-4193
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US Representative Brad Finstad (R) 1st District
Rochester Office2746 Superior Dr. NWSuite 100Rochester, MN 55901Phone: (507) 577-6141Hours: Monday-Friday, 9:00AM-5:00PMWashington, D.C. Office1605 Longworth HOBWashington, D.C. 20515Phone: (202) 225-2472Senator Amy Klobuchar (DFL)
Southern Office
1130-1/2 7th St NW Rochester, MN 55901
507-288-5321 or 888-224-9043
klobuchar.senate.gov