Destination of Innovation_Monticello:0
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Join the many
businesses that have confidently invested in
Monticello, a destination for innovation and leading
Minnesota tech community.
! WELCOMES�-i-� -
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Monticello
Community Snapshot
Destination for Innovation
1 of the Few Cities in U.S.
12,759 filif f
with Multiple Fiber Optic Providers Monticello
to Home and Business
' Population
-----------------------------'
$192,500
10,370
4693 Median Home Value Acres of Re ionalParkland
Households 9
$ 69,647
Source: ESR1Business Analyst Online ; IncoomeHousehold Mississippi River Access
Taxes: The Cost of Doing Business in...
*Based on I Million Dollar Industrial Property Valuation
Source: 2014 Wright and Sherburne County Assessor's Office
$42,000
$40,000
$38,000
$36,000
$34,000
$32,000
4.
How to Get Here
Air: Located 51 miles north west of the
abt Minneapolis/St. Paul International Airport
23 miles from the St. Cloud Regional Air[
Passenger Rail/Light Rail: Connected to
North Star passenger rail line that runs to
the Twin Cities and connecting LRT lines.
Interstate/Highway: Monticello is located
off of Interstate Highway 94 and Highway
25, and 2 miles from Highway 10.
Rail: The BNSF rail line is a class 1 freight
railroad that connects north to St. Cloud and
South to the Twin Cities.
Education
32 years
Median Age
------------------------
2 9 City Parks
Miles ofi-eir
■ Associates degree
Some College
■ High school graduate
■ Bachelor's degree
nPostgraduate degree
2040
Source: American Community Survey (2007-2011)
Population Growth Projections for
Wright County
Total Population
Percent Change
2010
2020
2030
2040
2010-2020
2010-2040
124,700
147,422
171,416
193,679
18.2%
55.3%
Wright County had the fastest growing labor force in Minnesota from
2002 to 2012 at +22.6%. Neighboring Sherburne County was the 4th
fastest labor force growth at + 18.5%
Source: Positively Minnesota
To St. Cloud - 30 Miles
To Minneapolis - 38 Miles
Destination for Innovation
AMont�cel�o
Wright County
Percent of
Population
Employment Profile
Employed
CITY OF
Mont�cl
�... o Destination for Innovation
Assistance may include:
• Acquisition of land
• Preparation of sites for development
• Construction or reconstruction of public improvements
• Removal of polluted lands as needed
• Tax increment financing, or other financial tools available to
the city
• Fiber subsidy available
• Site preparation (platting)
• Revolving loan
Helpful Links:
Local Assistance Programs
Tax Increment Financing (TIF)
Assistance for land write-down and or site improvements for
qualified businesses.
Greater Monticello Enterprise Fund
Below Prime Interest Rate Loan.
Regional Assistance Programs
Wright County Enterprise Fund
A county funding course to assist industrial businesses with
financing real property acquisition and development,
machinery and equipment or working capital.
Minnesota Investment Fund
Low interest loans to industrial, manufacturing and
technology businesses.
Small Business Development Loan Program
This loan is through the Minnesota Agricultural and
Economic Development Board who issues industrial
development bonds.
Small Business Administration (SBA)
Assistance with SBA loans.
Building Business in Monticello-
http://www.buildingbusinessinmonticello.com
Greater MSP-
http://www.youtube.com/watch?feature=player embedded&v=JDH5il6FFiM
The City of Monticello's Economic Development Authority provides comprehensive
services to prospective and existing businesses by assisting with site and building
information, financial assistance, and guidance through the regulatory and development
process.