Lindstrom EDA weighs increasing predevelopment grants vs. keeping popular facade loan program
The Lindstrom Economic Development Authority discussed whether to prioritize a predevelopment grant program to prepare land for commercial projects or continue funding a $5,000 facade-revolving loan that supports local businesses; members split on reallocation because 58% of EDA revenue currently covers debt service.
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The Lindstrom Economic Development Authority debated whether to shift resources from its long-running facade program to a new predevelopment grant aimed at creating shovel-ready commercial sites.
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