Article by: Mary Kennedy
The City of Chatfield, MN has sold the first lot in its newly constructed business park to a local developer that will build a multi-unit commercial building. One of the units will be occupied by the developer’s residential home building business, Broadwater Construction.
CEDA Vice President Chris Giesen, who also serves as Chatfield’s Economic Development Coordinator assisted the business by helping secure a $55,500 loan from the Chatfield Economic Development Authority (EDA) for the land purchase. Construction for the new business is scheduled for this fall. There are ten remaining lots for sale.
Construction of the business park was made possible in part by a $300,000 zero percent loan from MiEnergy to the City which assisted with the installation of necessary public infrastructure.