Annual Reports

2022 Annual Meeting

Thursday, February 3rd, 2022 | 4:30 - 6:30 pm | Timberlake Lodge

Tentative Agenda Below:

4:30 - 5:30 PM : Open Social & Networking
5:30 PM : Opening by Bart Johnson, Board Chair
5:35 PM : IEDC Presentation by Tamara Lowney, IEDC President & Amanda Lamppa, IEDC Project Manager
5:50 PM : SBDC Presentation & Testimonial by Rob Sjostrand, IEDC Director of Business Development & Kyle Hedlund, Oak Hills' Executive Director
6:00 PM : CEDA Presentation by Sarah Carling, CEDA Regional Director
6:10 PM: APEX Presentation by Brian Hanson, APEX CEO & Matt Shermoen, APEX Business Developer
6:20 PM : Entrepreneur Fund Presentation by, Shawn Wellnitz, EF CEO & Mike Korte, EF Business Loan Officer
6:30 PM : Closing by Tamara Lowney, IEDC President

To access the powerpoint presentation in PDF format, Click Here.

2021 Annual Meeting

We all know that 2020 was a very strange, trying and eye-opening year. However, for IEDC it has been one of the most humbling. We endured things that we never have endured and may never again endure in our lifetime. Along side of our team, board members, partners and communities, we were able to accomplish many tasks that we did not think to be possible.

Along with the long list of things that looked far from normal this year, we took a spin on our annual meeting. We would like to thank the businesses, community leaders and partners for making this meeting such a success. With the help of Jordan Weis with Weisguy Images, we were able to put together a unique and heartwarming annual meeting that tells the tale of IEDC's journey through 2020. We encourage you to watch, listen and take it all in. Thank you for continuing to stay by us as we weather this storm and any storms to come.

To get to our Youtube page and see the video in full screen, Click Here.

Search Results (11) Sort By: Name Featured Date Category

Posted on:
Jan 31, 2022

2021 Annual Report

Category: Annual Report

Posted on:
Mar 01, 2020

2019 Annual Report

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...

Category: Annual Report

Posted on:
Jul 18, 2019

2018 Annual Report

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

Category: Annual Report

Posted on:
Jul 18, 2019

2017 Annual Report

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

Category: Annual Report

Posted on:
Jul 18, 2019

2016 Annual Report

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

Category: Annual Report

Posted on:
Apr 16, 2019

2015 Annual Report

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...

Category: Annual Report

Posted on:
Apr 16, 2019

2014 Annual Report

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...

Category: Annual Report

Posted on:
Apr 16, 2019

2013 Annual Report

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...

Category: Annual Report

Posted on:
Apr 16, 2019

2012 Annual Report

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...

Category: Annual Report

Posted on:
Apr 16, 2019

2011 Annual Report

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

Category: Annual Report

Posted on:
Apr 16, 2019

2010 Annual Report

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...

Category: Annual Report

Annual Reports

2022 Annual Meeting

2021 Annual Meeting

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