Economic Development Division Responsibilities
Welcome to the City of Waseca Economic Development Division
508 South State Street
Waseca, MN 56093
Hours: Monday-Friday 8 a.m.-4:30 p.m.
Gary Sandholm, Economic Development Coordinator
City of Waseca Economic Development activities include administration of the community’s tax increment financing districts, tax abatement program, revolving loan funds and other economic development assistance programs. The Waseca Economic Development Authority manages the Clear Lake Press Fund, IRP Revolving Loan Fund, and RBEG Revolving Loan Fund; makes recommendations on economic development and related programs, including their policies and procedures; and serves as an advocate for maintaining and expanding the economic health and vitality of the community.
In 1997, the Waseca City Council created the City of Waseca Economic Development Authority (EDA) to implement and oversee economic development functions of the city. Since its inception, the EDA has purchased, managed and sold property for economic development purposes; authorized and managed Tax Increment Financing Districts and plans; secured grants and created and managed revolving loan funds; advised on tax abatement applications, Tax Increment Financing Districts and plans, and economic development policies and procedures; and participated in and supported community marketing activities. The City of Waseca and the EDA have a long history of collaboration with other public and private entities such as Southern Minnesota Initiative Foundation, Waseca County, Minnesota Department of Employment and Economic Development, and United States Department of Agriculture-Rural Development for the economic stability and success of the community and area as a whole.