Economic Development Policies

On December 15, 2013 the City Council adopted new economic development policies. The new policies are available below for those interested in applying.  It would be in the best interest of the applicant to contact and speak to a staff member before submitting an application. Please contact Administrator Harrenstein at johnharrenstein@northmankato.com or 507-625-4141, or City Planner Mike Fischer at michaelf@northmankato.com or 507-625-4141.

   I.   Business Subsidy Policy

   II.   Tax Abatement and Tax Increment Policy

   III  and IV Reporting Requirements and Application Process

   V   Federal Revolving Loan (Amended-August 2018) (Preferred loan term and condition package)

   VI  Strategic Investment Fund

   VII   Economic Development Application Form (Fillable PDF)