Spring Valley EDA holds final
meeting of year, gears up for 2014
Wednesday, December 18, 2013 2:44 AM
The Spring Valley Economic Development Authority met for its final meeting of 2013 on Wednesday, Dec. 11.
The group discussed the balance of the Revolving Loan Fund, which now totals $252,293.21 with $84,500 in loans pending and $95,000 assigned to the Small Cities Block Grant (SCBG).
Economic development director Cathy Enerson highlighted the SCBG progress. At this time nine loans have been approved for the grant with enough funding left for an additional six loans.
She also told the EDA members she is working with one of Spring Valley's newer businesses, Rack's Bar and Grill, and will have more information during their next meeting.
During the previous meeting, capping the 1 percent revolving loan sub-fund for downtown was discussed, but as not all members were currently present the group will pend further discussion until their January meeting. The 1 percent fund is a special fund set by the EDA for downtown revitalization to be used in conjunction with the SCBG.
Enerson explained the new Revolving Loan Fund authorization letter and form letter for the banks to the group as these forms were also discussed during the previous meeting. The group hopes the changes will clarify the procedures for the board, as well as the applicants and their bank.
CEDA contract renewal
The EDA approved the 2014 Community and Economic Development Associate (CEDA) contract at $22,246. CEDA is the company that employs Enerson who in turn provides the EDA with numerous services throughout the year.
The group had originally budgeted for a 3 percent increase, but the company raised the cost by only 2 percent for the year.
Enerson listed the SCBG, the Great Minnesota Housing Fund pilot program and assisting Marzolf's Implement with their USDA loan project as a handful of examples of the work she and her colleagues accomplished for the Spring Valley area.
"It's pretty impressive to see how many grants you've got for the city of Spring Valley," EDA President Steve Himle said of Enerson's work over the past year.
She credits having a lot of great people to work with like Spring Valley's Chamber of Commerce, EDA and city council, as well as community members who are willing to participate and volunteer.
"If the people want it, all I have to do is go to work," she said. "All we need is the people to be willing to participate."
Enerson announced beginning in 2014 there will be funds available through ¬¬the state Legislature for future demolition projects.
The EDA will be inviting a guest speaker for the January meeting. Dan Dorman is the executive director of the Greater Minnesota partnership and will speak to the group about bringing and sustaining manufacturing businesses to the area.
Enerson highlighted the annual Spring Valley Chamber of Commerce meeting, which she was excited to say was very well attended. During their meeting she touched on the chamber's Karma Cash project, part of its Shop Local campaign, which she helped with in its infancy. The project sent two $50 bills of Spring Valley money through a total of 10 businesses, including Sparrow's Closet, Valley Farm and Home, Simpson's A&W, True Value, the Spring Valley Tribune, Sunshine Foods, Vintage Point Artifacts, Fowler's BP, The Pizza Place and Mettler Chiropractic. The idea was to show how money spent locally can affect the local economy.
Mayor Jim Struzyk divulged that the library board has received approximately nine applications for the two vacant positions.
Enerson reported she has been working with a prospective company looking at commercial property with a highway location. She is hoping they will be able to close this week with more information possibly available during the next meeting.
The next EDA meeting will be held on Jan. 8 at 8:30 a.m.