New Ulm EDA Approves Easement Agreement to Preserve Trees on Broadway

Overview: The New Ulm Economic Development Authority (EDA) meeting on July 14, 2026, centered around several notable decisions, including the approval of an easement agreement to place a utility cabinet on EDA property to avoid cutting down two large maple trees. The meeting also addressed revisions to a rehabilitation loan program and updates on local economic activities.

New Ulm EDA Approves Public Housing Budget Amidst Deficit Concerns

Overview: In a recent meeting of the New Ulm Economic Development Authority, the board approved the public housing operating budget for the upcoming fiscal year, despite a current deficit of nearly $34,000. The budget, which must be submitted to HUD, projects a surplus of approximately $46,000 for the next fiscal year, with plans to draw down remaining 2024 capital funds to alleviate this year’s shortfall.

New Ulm Economic Development Authority Discontinues Small Business Incentive Grant Program

Overview: The New Ulm Economic Development Authority (EDA) held a meeting to discuss several issues, notably deciding to discontinue the Small Business Incentive Grant Program. Other topics included updates on local housing projects, revised income limits for housing programs, and a transfer of funds between loan programs.

New Ulm Economic Development Authority Approves $80,000 for Career and Technical Education Initiative

Overview: The New Ulm Economic Development Authority (EDA) held a meeting on April 14, 2026, during which they unanimously approved a funding initiative supporting the local Career and Technical Education (CTE) program. The funding, totaling $80,000 over two years, is designated for hiring a coordinator to enhance connections between students and local businesses, thereby aligning education with workforce needs. This strategic move is part of a broader effort to bolster economic development within the community.

New Ulm Economic Development Authority Approves Key Housing Projects and Loan Program Changes

Overview: The New Ulm Economic Development Authority meeting on March 10, 2026, covered significant ground in addressing housing improvements and revising loan programs to enhance local economic development. Notably, the Authority approved projects aimed at upgrading housing conditions and made strategic changes to their loan programs.