Worthington Regional Economic
Development Corporation
 S e r v i n g   a l l   o f   N o b l e s   C o u n t y
1121 Third Avenue
Worthington, MN 56187
Phone: 507/372-5515
Fax: 507/372-7165
Email: wredc@frontiernet.net

State of Minnesota Incentives
Department of Employment & Economic Development (DEED)
 For more information regarding DEED and Incentive Programs log on to http://www.positivelyminnesota.com
  • DEED is a facilitator for economic growth in the state by promoting Minnesota, removing obstacles and delivering programs and services efficiently.
  • DEED Divisions
    • Business & Community Development
    • Minnesota Trade Office
    • Minnesota Office of Tourism
    • Office of Analysis and Evaluation
  • Business Development and Finance Programs administered by DEED
    These programs offer a wide variety of attractive features, such as job creation and retention, business relocation and / or expansion, below market rates, partnerships, matching grants, specialized training, and flexible terms. For more information regarding DEED and Incentive Programs log onto http://www.positivelyminnesota.com
    • Minnesota Investment Fund
    • Small Business Development Loan Program
    • Rural Challenge Grant
    • Urban Initiative Fund
  • JOBZ
Regional Incentives
Southwest Initiative Foundation (SWIF)
For more detailed information on the features of the Southwest Initiative Foundation log on to http://www.swmnfoundation.org
  • SWIF Serves 18 Counties in Southwest Minnesota
  • SWIF Loan Programs include:
    • Challenge Loan Program
    • Revolving Loan Fund
    • USDA Intermediate Re-Lending Program (IRP)
    • Micro-Loan Program
  • SWIF Programs provide great flexibility for startups or expansions in areas of
    technologically innovative industries, value-added manufacturing, agri-processing, tourism, and critical community need    .

    they provide

    • Maximum loan amount of $200,000
    • Interest rates 2% below prime, with five to ten  year terms
    • Loan cannot exceed 50% of total project
    • For more detailed information on the features of the SWIF, log onto www.swmnfoundation.org

Local Incentives
Additional entities that contribute to the betterment of Worthington and Nobles County are:

  • City of Worthington and Nobles County Revolving Loan Funds & Tax Increment Financing
  • Southwest Regional Development Corporation
  • Small Business Administration / Small Business Development Center
  • Worthington Regional Economic Development Corporation
  • Senior Core of retired Executive (SCORE) (RSVP)
  • Worthington Workforce Center
  • Local Banks
  • Utilities and Infrastructure Service Providers
  • Worthington Area Chamber of Commerce & Conventions Bureau

For further assistance contact WREDC at the addresses above, or at wredc@frontiernet.net
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