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EDA hears mixed economic snapshot; staff lists local construction and retail projects
Summary
City staff told the Cottage Grove EDA that the Federal Reserve Beige Book showed a weak Q1 for the Minneapolis metro and reviewed local projects including school work, new apartments, a water tower, and several commercial permits.
President Bailey convened the Cottage Grove Economic Development Authority on April 14, 2026. Nate, a community development staff member, told the board the most recent Federal Reserve Beige Book (February) indicates that "prices [are] increasing, labor demand unchanged, employment decreasing," and said Q1 was not strong for the Minneapolis metro.
Nate summarized local construction and development: Park High School’s new north entry and interior…
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