Economic Development Services

Economic Development Revolving Loan Fund:

            • Finance up to 40% of identified project costs.
            • Interest charged at U.S. Prime Rate.
            • Variable amortization based on loan amount with balloon payment.
            • Mortgage subordinated to primary project lender.
            • Eligible project costs include:
                                                • Land / Building Purchase
                                                • Machinery / Equipment
                                                • Building improvements or expansions
 

Historic Preservation / Accessibility Enhancement Loan Fund:

             • Finance up to 90% of project costs
            • 0% interest
            • Variable amortization based upon loan amount
            • Partial loan forgiveness
            • Loan secured via recorded mortgage
            • Restricted to properties within the Heritage Preservation District
            • Eligible projects: *Subject to review / approval of the Heritage Preservation Commission
                                                • Exterior building repair, maintenance or renovation
                                                • Façade enhancements including signage
                                                • New doors, windows or awnings
                                                • Americans with Disabilities accessibility enhancements 
 

Business Start-Up Assistance:

             • Market analysis
            • Business plan preparation
            • Financial projections and cash flow analysis
            • Marketing and promotions planning
            • Social media presence consultation 
 

Business Administration Consultations:

             • Expansion planning and strategies
            • Succession planning
            • Human resources administration and policy development
            • Supply chain analysis 
 

Heritage Preservation Commission:

Heritage preservation and revitalization of Saint Peter's downtown district has been a recognized priority for years. In 1988, the City Council acknowledged this need and adopted the Saint Peter Heritage Preservation Ordinance creating the Heritage Preservation Commission to guide the restoration and rehabilitation of the historic business district.

The Heritage Preservation Ordinance is intended to preserve the natural beauty and distinctive character of the downtown district. Adherence to the ordinance will promote the charm and atmosphere of an integrated shopping, living, entertainment and recreation area for visitors and the citizens of Saint Peter.

Prior to the issuance of a building permit for signs, graphics or work which would alter the appearance of any designated property the Heritage Preservation Commission must review the project for conformance with the Secretary of Interior's Standards for Rehabilitation.

Design review applications are available from the Community Development Office.
 

Traverse Green Subdivision:

For more information and financial assistance programs go to Traverse Green Subdivision, contact the Community Development office at 507-934-0661 or email Russ Wille at russw@saintpetermn.gov.