Our goal is to be the premiere economic development agency in the State of Minnesota.
At its very core, our mission is to help spur job creation in our community. To accomplish this goal the Hutchinson Economic Development Authority is engaged in a number of activities:
Business Retention & Expansion – It is our belief that Hutchinson’s best source of economic growth & development is our existing companies. Consequently, we visit our local companies on a regular basis to build & maintain strong relationships with them. During these visits our main goal is to identify ways that we can help our local companies be successful and grow.
Downtown Development – A strong downtown is the key to a strong community. A lot of our efforts therefore are geared towards maintaining and strengthening Main Street Hutchinson. The “Downtown Revitalization Master Plan,” along with our downtown loan & forgivable loan programs, provide strong catalysts for private development. Projects like the State Theater, Jorgenson Hotel, the Streetscape, the Liquor Hutch expansion & Cornerstone Commons all play a role in keeping our downtown thriving!
Industrial Park Development – To promote the continued economic growth of the city, the Hutchinson EDA works to ensure that we have industrial park & building space readily available. Our goal is to have, on-hand, exactly what companies are looking for so that we can provide the solutions they are looking for today.
Business Recruitment – The Hutchinson EDA researches and actively recruits new companies to come to Hutchinson. In addition, we provide technical and financial assistance for new companies just getting started.
Financial Assistance – Financing is the single most important ingredient of economic development. The Hutchinson EDA operates two forgivable loan programs and two revolving loan funds having more than $2.5 million in assets to provide “gap” financing for qualified business projects. In addition, we can pull together a multitude of other financial resources to help make projects happen.
Technical Assistance – The Hutchinson EDA is the first point of contact for all local, regional, State & Federal business resources and information. We assist with everything from helping entrepreneurs formulate & refine their initial business plans to project financing, location assistance, labor resources, demographics and so forth. If there is a way we can help, we’ll do it!
This web site is intended to be the ultimate “one-stop-shop” for businesses and individuals seeking information about economic development opportunities in the City of Hutchinson.