Isle is a great location to establish a business. Located 10 miles east off of U.S. Highway 169 and MN Highway 47, businesses have good access to any major market in Minnesota. In addition to location, the City of Isle works closely with businesses that are interested in expanding or locating in Isle. Tools available include Revolving Loan Fund and low cost industrial park land for sale. Our mission is to actively participate in economic development by assisting business in accessing investments and capital. The goal of our efforts is to create a base of stable and growing business and diverse job opportunities.
Isle’s industrial park is located just outside City Limits and consists of 75 acres of land with 2 existing businesses. Isle is a growing community that can offer cost savings in land acquisition, telecommunications, labor, productivity and housing. There are finance and tax incentive packages available to help businesses in the Isle area and new and expanding companies can lower their overall costs and facilitate growth through participation in these programs.
Revolving Loan Fund
Currently the fund has a balance of approximately $100,000 available. Low interest loans ranging from $20,000-$50,000 (30% of total project) are available if all application requirements are met. See Loan Fund Procedure & Application Who Can Apply? The City of Isle encourages the development of new businesses and the expansion of existing businesses. Existing businesses within the City target areas or businesses planning to locate within the City target areas are encouraged to apply.
Revolving Loan Fund Targets:
- Businesses located within the City target areas or committed to locating within the City target areas.
- Businesses providing needed services within the City’s target areas.
- Businesses that support or complement and/or business development strategies.
- Businesses that will hire residents from the target areas.
Types of Loans Available, but not limited to:
- Business expansion
- New Business Start-up
- Lease Improvements
- Building/Land Acquisition