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
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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
View Us: www.OffuttSchoolofBusiness.org/sbdc
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.
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