Cook County/Grand Marais Economic Development Authority
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Matt Geretschlaeger, Director POB 597 Grand Marais, MN 55404 Phone: (218) 387-3067 Fax: (218) 387-3018 Email: edamatt@boreal.org
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The Cook County/Grand Marais Economic Development Authority is very pleased to announce the development of the Cedar Grove Business Park. The Park is conveniently located on the new Gunflint Trail, within the city limits of Grand Marais. The 80-acre park has a full complement of utilities and hosts 33 lots ranging in size from 1-4 acres.
Cedar Grove's design has taken on a very environment sensitive attitude with undisturbed out lots hosting natural streams, large cedar groves, and a multi-use trail system. The Business Park is a designated Job Opportunity Building Zone (JOBZ) providing opportunity to substantially benefit from state tax exemptions through the year 2016. These state exemptions include: corporate franchise tax, income tax for operators or investors, Sales tax on goods and services provided, property tax on commercial and industrial improvements, a wind energy tax, and an employment tax credit for high paying jobs.
Financial assistance is also provided by the County Revolving Loan Fund and further complemented by the Minnesota Community Capital Fund. The University of Minnesota Duluth (UMD) Center for Economic Development provides free counseling to the private sector. To further complement the growing interest in our community, the Cook County/Grand Marais EDA is in the early stages of a planned unit development. This new 60-lot housing development will provide properties for affordable housing for medium and higher income families, addressing the present and future housing needs of our community.
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