Economic Development Authority (EDA)
The Watertown Economic Development Authority (EDA) meets on an "as-needed" basis. A meeting can be scheduled via email or by calling 952-955-2681.
Agendas & Minutes
Agendas are available prior to meetings. Minutes are available following approval.
The EDA is served by two City Council liaisons and three members from the general public. Members of the EDA are:
- Ken Grotbo (Chair)
- Fred McGuire (City Council)
- Michael Walters (Mayor)
- Corey Mitteness
- Roxanne Wilmes
The City Administrator serves as the Executive Director of the EDA and as the primary contact.
EDA Creation & Purpose
The Watertown EDA was created to serve as a resource to develop Watertown’s local economy.
The Watertown EDA is ready to work with existing businesses and new leads to ensure a robust and active local economy. The EDA has already partnered with downtown property owners for facade improvements and new businesses in the Business Park.
The Watertown EDA has resources available to grow your business in Watertown! The local community has a long history of supporting local businesses, either welcoming those who are new to town or an established businesses seeking to expand. The EDA and City Council have a proven track record of using creative economic development tools at their disposal to help the local economy thrive.
In addition to the various economic development tools available to the EDA and City like tax increment financing (TIF), tax abatement, etc. The EDA administers two grant and loan programs for various business and housing uses.
To learn more about the City’s approach and goals associated with providing municipal subsidies please view our Business Subsidy Policy (PDF). For more specific grant and loan programs see our Business Facade Improvement program page and Revolving Loan Fund program page.