Testimonials

CEDA IS ONE OF THE BEST INVESTMENTS ANY CITY COULD MAKE. THEIR STAFF HAS THE KNOWLEDGE AND SKILLS NEEDED TO MAKE NAVIGATING THE WATERS OF ATTRACTING BUSINESSES TO OUR CITY COME TRUE!  THEY WOULD BE AN ASSET TO ANY TOWN.

– Jimmie-John King, Mayor, Stewartville, MN


CEDA  OFFERS THE CITY OF ST. CHARLES BOTH A COST EFFECTIVE AND EFFICIENT APPROACH TO ECONOMIC DEVELOPMENT. THE NETWORKING AND PARTNERSHIPS THAT OUR CEDA REPRESENTATIVE MAKES GOES WELL BEYOND THE CITY LIMITS AND EXCEEDS THE SCOPE OF SERVICES WE CONTRACT FOR.

– Nick Koverman, City Administrator, St. Charles, MN


CEDA AND THE RED WING HOUSING AND REDEVELOPMENT AUTHORITY HAVE WORKED TOGETHER FOR ABOUT THREE YEARS.  THE HRA HAD SMALL CITIES PROGRAM INCOME FUNDS IT WANTED LENT OUT TO THE COMMUNITY AS QUICKLY AS POSSIBLE.  IN ADDITION, WE WANTED TO PUT OURSELVES IN A POSITION TO APPLY FOR A NEW SMALL CITIES DEVELOPMENT GRANT WITH MINNESOTA DEED AS SOON AS POSSIBLE.  BY UTILIZING CEDA’S SERVICES, OUR EXPECTATIONS IN THE USE OF PROGRAM INCOME FUNDS AND A NEW SCDP GRANT HAVE BEEN MET.  IN 2014, THE CITY OF RED WING THROUGH THE HRA WAS AWARDED $683,184 IN A DEED SCDP GRANT AWARD AND WITH LOCAL MATCHING FUNDS, THE ENTIRE PROGRAM WAS $999,994.  CEDA PERFORMED THE SLUM-BLIGHT STUDY FOR THE TARGETED AREA AND WROTE THE APPLICATION FOR THE GRANT.  FOURTEEN COMMERCIAL BUSINESSES AND TEN SINGLE FAMILY HOUSES HAVE BEEN ASSISTED WITH THIS GRANT ADMINISTERED BY CEDA.

IN ADDITION, IN LESS THAN THREE YEARS, OUR SMALL CITIES PROGRAM INCOME LOANS HAVE REACHED NEARLY $750,000 IN CLOSED LOANS.

OUR TOTAL LOAN PORTFOLIO IS $1.65 MILLION IN SCDP AND PI LOANS TODAY.  THESE ARE TYPICALLY $50,000 IN COMMERCIAL BUSINESS REHAB LOANS AND $22,000 IN SINGLE FAMILY REHAB HOUSING LOANS.  CEDA PROCESSED MOST OF THESE LOANS, PERFORMED THE SITE VISITS, CLOSED THE LOANS, WORKED WITH THE DAVIS BACON COMPLIANCE AND DISBURSED THE MONEY WHEN READY.

CEDA IS ASSISTING THE HRA IN THE APPLICATION OF A NEW SCDP GRANT APPLICATION WITH THE ADDED WRINKLE OF THE GRANT HAVING A CONDUIT OF SMALL CITIES FUNDING FOR $350,000 FOR A RENTAL REHAB PROJECT.   AGAIN, CEDA PERFORMED THE SLUM-BLIGHT STUDY IN THE TARGETED AREA.  THIS GRANT APPLICATION IS DUE TO DEED BY DECEMBER OF 2016 AND WE KNOW WE IT WILL BE READY.  THE TOTAL GRANT REQUEST WILL BE JUST OVER $1 MILLION.

CEDA IS ALSO ASSISTING THE HRA AND CITY OF RED WING DO A SLUM-BLIGHT ASSESSMENT ON UP TO 2,500 HOUSES THIS SUMMER THROUGH A CONTRACT WITH THE HRA.   CEDA IS PROVIDING THE TRAINING  AND SUPERVISION FOR FOUR COLLEGE STUDENTS TO PERFORM THE WORK.  WE ARE EXCITED TO SEE THE RESULTS OF THIS STUDY.

THE HRA HAS FOUND CEDA VERY EASY AND GOOD TO WORK WITH IN OUR CONTRACTS AND THE GRANT ADMINISTRATION.  THEIR ATTITUDE IS HOW TO GET THE JOB DONE AND THEY ARE GETTING THE JOB DONE FOR RED WING.

Randal Hemmerlin, Executive Director, Red Wing, MN HRA