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Economic Development

The Waterville Economic Development Authority is a community group formed to promote, assist and facilitate economic development activities and growth in Waterville. It is comprised of five members, two of whom are current council members and three members of the business community. The Waterville EDA meets on the fourth Thursday of each month.

Waterville's location on Highway 60, fourteen miles west of Faribault, and twenty-three miles of Mankato, make this community an opportune place to attract business interest. Waterville is the main hub of the Southern Minnesota Lakes Region, offering world class fishing, camping and biking along with an excellent state recognized education system. Waterville seeks to emphasize these quality of life opportunities while marketing to prospective business and industry.

The Waterville EDA's primary focus includes the promotion and attraction of new and expanding business and industry throughout the region. The EDA seeks to provide increasing job opportunities to the residents of Waterville, while focusing on the quality of life amenities.

The Waterville EDA seeks to utilize numerous economic tools and incentives to spur development and enhance the business climate. The EDA offers a Revolving Loan Fund, Tax Increment Financing, Minnesota's JOBZ, tax incentives program, and assistance in obtaining state, federal and business financial loans or grants. The EDA is here to work with business to create a hospitable atmosphere for growth and prosperity.

For more information please contact the City Hall at 507-362-8300.

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