2022 AAEDC Impact Report

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Serving the Community

The Alexandria Area Economic Development Commission (AAEDC) is a private non-profit, 501(c) (6) corporation established in 1990 to lead economic development in the region by engaging leaders to grow business and expand the talent base.

Our Mission is "Promoting prosperity and optimizing opportunity in the Alexandria region."

PROJECTS DETAILS

DOUGLAS

City of Alexandria TIF creation for the construction of a 146,900 square foot new build and remodel of manufacturing facility

CREATIVE TOUCH GALLERY

Gap loan for purchase of new site and the construction of a 3-story building in downtown Alexandria

CAR CARE PROGRAM Loan program implemented to fund workforce vehicle recipients

SUNOPTA GRAINS AND FOODS, INC

City of Alexandria TIF creation for the construction of a 252,000 square foot new build warehouse

INCREASE THE RETENTION & SUCCESS OF ALEXANDRIA AREA BUSINESSES

2

CONSOLIDATE EFFORTS AND UTILIZE LOAN FUNDS TO MEET SPECIFIC NEEDS OF THE ALEXANDRIA AREA

3

1 ENHANCE OUR ENTREPRENEURIAL ECOSYSTEM

“We definitely needed that AAEDC loan to be able to do what we wanted to do. It helped us be that much farther ahead."

DUNN BROTHER'S COFFEE Gap loan for purchase of the business

320.763.4545 | aaedc@alexmn.org | www.LivingAlexArea.org I 324 Broadway Suite 101, Alexandria, MN 56308 37,561 VIEWS 37,561 VIEWS 435 FOLLOWERS 435 FOLLOWERS
MACHINE
& INNOVATIVE BUILDERS
Capital Investment in Douglas County $40.7 MILLION New Jobs Created 46 New Douglas County Businesses 319 Business Coaching Sessions 67
Economic & CommunityImpact
McCarten Design 99,118 REACH 99,118 REACH 4,293 FOLLOWERS 182.9% 138.7% Annual Impact Report 2022
Through targeted marketing, we got in front of specific companies
times
BUSINESS COACHING NEW PLATFORM FOR AAEDC
367,000
over
2,380

About Us

The vision of the AAEDC is that the greater Alexandria Area is known as the premier place to call home, build a career, and grow a business. It is a place with leading-edge technology, infrastructure, and unparalleled talent, set within a geographic area of immense natural beauty.

Alexandria

LaGrandTownship

Lake Mary Township

Lakes Area Economic Development Authority

The AAEDC works in partnership with the Lakes Area Economic Development Authority to meet their overall goals. The LAEDA was organized in 2004 through special state legislation with approval of the State of MN and the organization’s founding members to formalize and stabilize the funding process of economic development efforts in Douglas County, MN Because of the long-term nature of many initiatives and investments needed to continue to grow our community, stable funding is crucial to the success of economic development efforts

The mission of the LAEDA is to support the mission of the AAEDC by providing fair and equitable resources.

POWERS OF EDA’S

Tax abatement

Ability to enter into contracts

Sale of bonds

Economic Development Districts

Levying of taxes

Creation of TIF Districts

Acquisition and sale of real estate and personal property

Participation in limited partnerships

JOEL DAHLEIMER, Alexandria Township; GREG BOWEN, LaGrand Township; JASON UHDE, Garfield; BOBBIE OSTERBERG, Alexandria

Community Partners

2 0 2 2 B o a r d o f D i r e c t o r s
NICOLE KLIMEK President Alexandria Township Alexandria JEFF PATIENCE Representative MATTHEW FISCHER Vice President Carlos Township TODD POWERS EDDIE REIF Secretary/Treasurer Hudson Township RYAN ROONEY VICKI JODSAAS Representative Alexandria RICK SANSTEAD
320.763.4545 | aaedc@alexmn.org | www.LivingAlexArea.org I 324 Broadway Suite 101, Alexa
EDA Board Members Representative Representative Representative

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