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innovation in state government, maybe neous metal packages for construction Minnesota's many economic-development
<br /> nationwide, in the sense that it regional- sites. For example, Standarnron provided efforts,the scope of the assistance provided
<br /> izes. and also decentralizes, a lot of the the Mall of America with all of its metal ser- in the state is far-reaching. If your business
<br /> n-making activity the state government vice stairs,as well as four miles of railing. assistance—whether with financing
<br /> ht have made directly," explains "The reason that this money is available or advice—you may want to call the
<br /> ED's Mark Lofthus. The group pro- to us.and what it all comes down to,is job Minnesota Department of Trade and
<br /> vides loans through regional organizations creation," Moe says. The company has Economic Development or your local eco-
<br /> that work directly with companies in their between 135 and 140 employees. During nomic development office, usually located
<br /> areas, he says. At least 325 loans have the next three years,it hopes to create more in your city hall. Either should be able to
<br /> been granted under the program since than 60 new jobs in the Monticello area. help steer you to a resource that can offer
<br /> 1989.he adds. While these are only a few of the assistance you need. G
<br /> Since then,the program has provided and
<br /> continues to provide grants to the
<br /> Minnesota Initiative Funds for loans to new
<br /> or expanding businesses to stimulate job
<br /> creation, private investment and economic
<br /> growth in the 80 counties outside the Twin
<br /> Cities area. The loan limit per qualifying
<br /> Open For
<br /> business is 5100,000. Interested businesses
<br /> should contact the nearest fund office. The
<br /> five others include the Central Minnesota
<br /> Initiative Fund (Little Falls), Northeast •
<br /> Minnesota Initiative Fund (Duluth),
<br /> Northwest Minnesota Initiative Fund
<br /> (Bemidji), Southwest Minnesota Initiative
<br /> Fund (Granite Falls) and West Central ness.
<br /> Minnesota Initiative Fund(Fergus Falls).
<br /> Standard Iron & Wire Works, which _
<br /> yei ' '• r mit_
<br /> ently relocated its corporate office to =»"; 11'..-,..,k5;
<br /> ';
<br /> y�rJ •�
<br /> ticello. received a S100.000 loan for i�,t: ,. '�'" f -� , e +�'_ "
<br /> ipment from the Central Minnesota r,. �, �� • tri' ,,; if '?; •-44
<br /> •
<br /> Initiative Fund. But the privately-held . �• F:'. .* ' .� '-� -..._ 'a
<br /> :1• tf:.
<br /> company also received several other loans w .0.,1,41,_, » WELCOME TO
<br /> from various sources. One was an SBA _ ,� �.,r- : r r,�/1��
<br /> 504 loan for SI million. 5700.000 of ,_ ` =z`',-.. • •:r':� S_"" a away i
<br /> which was used for the building and ; "; .'i':3• =
<br /> S300.000 for the equipment. according to
<br /> controller Jim Moe. ._
<br /> Siandard Iron, a metal fabricator, also ; •.-.-'
<br /> received a 5250.000 loan under DTED's , : ' ' ,
<br /> program awards grants to local govern- ! ..�, ;';' •�»;
<br /> ments that in turn, either make loans for _ ,
<br /> business-development projects or finance ' -
<br /> public improvements that support business- i
<br /> ,Yfiak+.n ,,.i t
<br /> development projects.In addition,the corn- '"• .
<br /> pony received a 575.000 loan from the city " i '1"..
<br /> �ti��
<br /> of Monticello and tax-increment financing. I Business is better in Scott County. We're affordable. In fact,real estate
<br /> or TIF,on the property,according to Moe ' costs can be as little as one-third the cost in more populated areas. We're also
<br /> The family-owned company, founded in accessible. Scott County is close to the airport and downtown. And we have the
<br /> 1930.also operates plants in Alexandria and quality of life you expect in Minnesota. So come to Scott County. You'll profit
<br /> from the experience.
<br /> Sauk Centre. Company president L.T. For property tax information and a map of available land, call Barry
<br /> Demeules and his three sons are the second Stock at 445-3650.
<br /> and third generations to run the business.
<br /> Standard Iron's two divisions, one41„ 1
<br /> s parts to specification for original- •
<br /> equipment manufacturers, mainly the off Scott County Economic Development Coalition •- "
<br /> road industries:the other.bids on miscella-
<br /> Shakopee Savage Prior Lake New Prague Jordan Belle Plaine Elko New Market
<br />
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