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Economic Development Authority

The Wells Economic Development Authority (EDA) was established by the Wells City Council in 1989 to encourage, attract, promote and develop economically sound industry, business and commerce within the city of Wells. Since that time, the EDA has proven its ability to assist in the economic stability and growth of Wells. It has worked with everyone from the largest employer to smallest family-owned business and it continues to work towards making Wells an economic development hub for southern Minnesota. 

The EDA is capable of providing new businesses with the tools necessary to start-up or expand in our community and has worked with multiple funding agencies such as Region Nine, Southern Minnesota Initiative Fund and the MN Department of Employment & Economic Development.

EDA meetings are held on the second Thursday of each month at the Community Center starting at 4 pm. Any changes to meeting dates, time or special meetings will be posted  in the lobby of City Hall.

Well Business Retention And Expansion Study 
 
Resources/Incentives for New & Existing Businesses:

Wells EDA Commercial Rehabilitation Program
Wells EDA Revolving Loan Fund (DEED, HUD, Wells EDA)  
Faribault County Commercial Rehabilitation Loan Program (FCDC) 
Guide to Starting a Business in Wells
Guide to Starting a Business in Minnesota

Faribault County Development Corporation/Faribault County Economic Development Authority    

South Central Minnesota Small Business Development Center
Minnesota Department of Employment and Economic Development
Southern Minnesota Initiative Foundation
Region 9 


Available Commercial/Industrial Sites

South Industrial Park  
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Planning & Zoning  |  Housing & Redevelopment Authority