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Vergas Economic Development Authority (EDA)

The City of Vergas has established an Economic Development Authority (EDA) pursuant to the provisions of Minnesota Statutes §469.090 to §469.108 on January 12, 2015.  The above pictures are items found in Vergas, please let us know if you would like to start a business in Vergas adding to our current selection of businesses. 

Vergas EDA 2019 Business Grant                                                     Grant Application click here

Objective
     Vergas EDA to allocate $10,000 to be allocated between up to 3 projects
Purpose
    To expand an existing business or to benefit a new business opening in Vergas
Rules/Regulations:
    This is a matching 50/50 grant that will match dollar for dollar investment
    Available in the city limits of Vergas
    All receipts for the project must be provided to the Clerk to be paid to the business
        -optional "lein situation" good standing for 5 years... etc
        Pro rate a return to the EDA if business is closed within agreed upon timing
Qualifiers
    Creating a job/jobs
    expand a current business to provide more services/products that Vergas does not currently have.
    Increase the value of current business exponentially
    To be able to provide a more profitable business
    To develop a new Business in Vergas that will benefit people in the area 
    To promote tourism in town by providing a business product/service and brings people here. 
    Building expansion
    New building
Timing:
    Applications to be accepted until April 1st, 2019
    Any application received the EDA will decide to split/accept/deny in April meeting
    If no applications are turned in by April 1st EDA can decide to renew process or modify 
        Applications that are approved will be presented at the April annual meeting
Application process
    To be turned into city office by April 1st with city receipt of acceptance
    Application to be handled by City Clerk-Treasurer
    Application is to be a standard application (provided by WCI I am assuming)
    With the application a narrative of how the money will help and projections of to how the money will benefit the business 
    Vergas EDA/HRA has the right to approve or deny any application 
 

 

The purpose of the Vergas EDA is to retain and promote businesses in our community and to add housing so that we prosper and increase the tax base keeping the City a vital community.
President Kevin Zitzow
Vice President Duane Strand
Secretary-Treasurer Julie Lammers
Assistant Treasurer Vanessa Perry
Board Member Ashley Hammon
Board Member Sandee Stall (Council Liaison)  
If you are interested in donating to the Vergas EDA please call 218-342-2091 or email vergasclerk@arvig.net.
Interested in starting a businesses in Vergas and need a loan to get started check out the Innovation Voucher Program

http://mn.gov/deed/business/financing-business/deed-programs/innovation-voucher.jsp
Visit Us: Concordia College, Offutt School of Business, Grant Center 220
                1310 8th Street South, Moorhead, MN
Mail Us: 901 8th Street South, Moorhead, MN 56562
Call Us: 218.299.3037 
Request Services - The WC MN SBDC provides no-cost consulting and low-cost educational opportunities for small businesses.
 
We have 2 buildings in our commercial district for sale.  
 
105 Main St - Large building was a grocery store and has parking.
 
137 Main St - Currently Vergas Hardware  
 
 
Please contact the City Office at 218-342-2091 if you are interested in either of these businesses.