Research Conducted By: UMD Labovitz School of Business and EconomicsBureau of Business & Economic Research In Itasca County, wood products have played a central role in our economy and our community. Our county is in the heart of Minnesota's wood basket. Grandview research reports that the global cross-laminated timber market was valued at $558.6 million in 2016 and is expected to grow to over $2 billion by...
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Executive Summary:In 2019, Community and Economic Development Associates (CEDA) was tasked to author a commercial rent survey for Itasca County. The main purpose of this survey is to help Itasca Economic Development Corporation (IEDC) / Small Business Development Center (SBDC) better serve property owners, prospective business renters as well as communities in filling vacant buildings located in the County.The survey was designed to keep people...
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2019 Annual Report Overview:
SBDC Impact
7 new businesses created
$4,935,583 in capital raised
147 clients were assisted
107 jobs created
IEDC Team in 2019
IEDC hired a new Small Business Consultant, Rob Sjostrand. They also hired a new Marketing Specialist, Kayla Swanson. To top off the team in 2019, they hired a new Economic Development Project Coordinator,...
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2018 Annual Report Overview:
SBDC Impact
96,095 new jobs created
a new business was created every 30 minutes
Profit Mastery Impact
8 individulas, representing 6 businesses were present
Entrepeneur Fund & Northland Foundation sponsored event
Woodland Bank & Grand Rapids State Bank sponsored scholarships for participants
2018 Funding Sources
33 funding partners in 2018...
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2017 Annual Report Overview
SBDC Impact:
126 IEDC businesses were served in 2017
10 new IEDC businesses were started in 2017
Startup Businesses in 2017:
The franchise, Culver's looked to SBDC for help while planting roots in Itasca County
Klockow Brewing Company
Focus on Partners:
13% of 2017 revenue came from local businesses &...
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2016 Annual Report
SBDC Impact
1,162 IEDC consulting hours provided
139 IEDC businesses served
Business Expansion Services
KMDA expanded their business with the help of Mike and our team
Bob's Corner Market worked with our team to help upgrade and expand fixtures in their store
Funding Partners Impact
25 Funding partners in 2016
Funding...
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NEMOJT serves job-seekers looking to enter or re-enter the workforce across the 7-county Arrowhead region of northeast Minnesota. It manages federal Workforce Innovation and Opportunity Act funds, state and local funds, and private donations to connect workers with employment opportunities. In Itasca County, NEMOJT offices with CareerForce at 1215 SE 2nd Ave in Grand Rapids.
Category: Workforce, Reports Archive
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NEMOJT serves job-seekers looking to enter or re-enter the workforce across the 7-county Arrowhead region of northeast Minnesota. It manages federal Workforce Innovation and Opportunity Act funds, state and local funds, and private donations to connect workers with employment opportunities. In Itasca County, NEMOJT offices with CareerForce at 1215 SE 2nd Ave in Grand Rapids.
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2010 Annual Report
Special Initiatives
Nelson Wood Shims secures a 5-year, $250,000 loan from Iron Range Resources which will allow them to finance new equipment, hire seven new fulltime employees and purchase more of its wood from Minnesota Forests
Itasca County was included in the Duluth Port Authority's foreign trade zone (FTZ). This means that any business located in a FTZ include...
Category: Annual Report
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2011 Annual Report
2011 Special Initiatives
Technology Advisory Committee (TAC)
Midwest Manufacturing
2011 Projects
Meditasca
MNStar Technologies
2011 Investment Partners
22 Total Investment Partners
American Bank
Bigfork Valley Hospital
Blandin Paper Company
The Blandin Foundation
Cohasset EDA
Deer River healthcare
First State Bank of Bigfork
Grand Itasca
Grand Rapids EDA
Grand Rapids State...
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2012 Annual Report Overview
All the Happenings
Magnetation exceeds job growth predictions by looking to add 200 new employees to their already 220 employee team
IEDC signs purchase agreeement with J.M. Longyear for former Ainsworth site
Public works infrastructure grant was awarded to the City of La Prairie for an extension of sewer and water services to Broking's transport and other neighboring...
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2013 Annual Report
All the Happenings:
IEDC readies former Ainsworth Site for sale to J.M. Longyear
Cutsforth Manufacturing & Hammerlund Construction expanded into Itasca Eco Industrial Park, formerly Ainsworth
Monthly social media breakfasts launched at ITE
IT Professionals group formed
2013 Revenue Sources
Blandin Foundation - 50% revenue source
Itasca County - 25% revenue source
Businesses & Individuals...
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2014 Annual Report Overview
SBDC Impact
109 IEDC businesses served
1,224 IEDC business consulting hours were provided
Focus on Start-ups
True North Salon & Spa - "They helped me point out scenarios that only someone on the outside looking in could see."
Rapid Fitness 24/7 - "The plan we made & presented to the bank was professional and...
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2015 Annual Report Overview
SBDC Impact
111 IEDC businesses served
121 IEDC jobs created
In the Eyes of a Business Owner
Thousand Lakes Sporting Goods - "Provides an experienced voice and helps us with everything from forecasting and budget analysis to staffing."
Steve's Peper Sauce - "Mike has been a wealth of information for various contacts. Working with...
Category: Annual Report
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