Financial Assistance & Programs

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The Chatfield Economic Development Authority (EDA) has extensive experience utilizing financial assistance, incentive programs, and grants. The EDA has assisted more than 20 local businesses with over $1.2 million in low interest loans to help with startup and expansion. Since 2014, the EDA has leveraged over $20.5 million in grants, loans, property tax incentives, and other programs for both private and public development projects.

Currently we have several programs that can help your project. We are also open to creatively solving any project impediments you may have outside of our standard programs as funding / program availability allows.

Enterprise Drive Construction Rebate Incentive Program

  • Departments:Planning%20%26%20Development
  • Categories:Financial Assistance
  • Email:
  • Phone:(507) 867-3810
  • Fax:(507) 867-9093

The purpose of the Enterprise Drive Construction Rebate Incentive Program is to incentivize the sale and development of the city owned commercial lots along Enterprise Drive SE.

Rebates will be awarded to qualified applicants based on the estimated taxable value of the property once construction is complete.  Only city-owned lots along Enterprise Drive zoned as B3 (light commercial) qualify for this program.

Rebates will be awarded based on the estimated taxable value of the building proposed for construction on a sliding scale. 

Please see additional details in the Guidelines Document and submit an Application


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