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, Kirstie McPherson.
IEDC worked with Praxis Strategy Group to outline a strategic plan that garnere...
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
52% of overall funding came from the Blandin Foundation
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 & individuals
Thanks to our partners, over $5 million were secured by IEDC clients in 2017
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 support helped assist over 130 clients who were starting, expanding or buying businesses in 2016
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 IEDC has been a big shot in the arm for Steve's Pepper Sauce!"
Educationa...
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 complete to the smallest detail."
2014 Funding Partners
75% of our revenue source came fro...
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 - 14% revenue source
Grants & Contracts - 7% revenue source
City of Grand Rapids - 2% revenu...
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 properties
Mark Zimmerman joins IEDC as new president
201...
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 Bank
Great River Energy
Hawkinson Construction
Industrial Lubricant
Itasca County
Jerry Miner Realty
Lake Country Power
MDI
Midwest Manufacturing
Minnesota Power
North Itasca Electrip Coop
Wells Fargo
Woodland Bank
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 deferral or exclusion of duties o...
