Category Archives: Economic Development

U of M Extension Service Advises, “Leverage Bricks with Clicks”

Hans Muessig, of the University of Minnesota Extension Service, offered some tips to local business owners on “Doing Business On-line”.  He noted that many retailers have doubled their business using the internet and that people in the hospitality and service business have also substantially increased their income over the internet.

The internet has enabled the global economy Muessig noted.  In fact, 80% of business over the internet is now conducted from places that are so remote that you can’t buy a newspaper there.  Although this new reality creates challenges, it also creates opportunities. Continue reading U of M Extension Service Advises, “Leverage Bricks with Clicks”

Northfield to Host University of Minnesota Extension Workshop Series

The Northfield Downtown Development Corp. (NDDC), in collaboration with its economic development partners the Chamber of Commerce, the Economic Development Authority (EDA), and the Northfield Enterprise Center (NEC), will host the University of Minnesota Extension’s workshop series “Reaching Customers in the 21st Century”.

The first workshop will be Tuesday, March 27th, 8:30 to 9:30 a.m., in the Riverview Conference of the Historic Archer House River Inn, 212 Division Street in downtown Northfield.  This workshop, titled simply “Doing Business On-line”, is an overview about business on the Internet.  It is broadly conceived and is intended to serve both businesses wanting to get started on the Internet and businesses that are interested in getting more leverage from their Internet presence using the many available tools, such as Facebook, Twitter, LinkedIn, blogs, and Google Places.
Continue reading Northfield to Host University of Minnesota Extension Workshop Series

Great, Good Meeting Places in Downtown Northfield, MN

Knowledge-workers, the “creative class”, innovative entrepreneurs…whatever you call them, they’ve been attracted to downtown Northfield for many decades.  Dozens of businesses have been started in, or relocated to, the downtown, making substantive contributions to the Northfield economy.

They play a big role in the national economy too; these jobs, categorized by the Standard Occupational Classification System, add up to approximately a third of the U. S. workforce.  Scientists, engineers, educators, computer programmers, artists, designers, medical professionals, healthcare workers, lawyers, and financiers…what brings them to Downtown Northfield, MN? Continue reading Great, Good Meeting Places in Downtown Northfield, MN

NDDC Board Visits PRMIA

Members of the NDDC Board recently visited with PRMIA, the Professional Risk Manager’s International Association.  PRMIA is a member-based organization with almost 80,000 members in 201 countries around the world.

Jodi Lundell, the company’s Chief Operating Officer told us that PRMIA recently celebrated its 10th anniversary; from its very beginning, the company has been based in Northfield.  PRMIA currently has 16 employees plus additional contractors.

PRMIA provides member services, professional certification, and training to risk management professionals globally, including access to over 750 online professional development courses and webinars.  PRMIA partners with more  than 25 leading universities around the world to offer specialist and advance classroom courses in risk management.   Their  partners in the United States include universities such as Columbia Business School, The Kellogg School of Management, George Washington University, and Duke University. Continue reading NDDC Board Visits PRMIA

TIF District #4, The Streetscape Task Force, and Downtown Parking

In April of 1986, the Northfield City Council voted to create a Municipal Redevelopment District in downtown Northfield within which improvement projects could be funded with tax increment financing (TIF). The TIF district became known as Municipal District #4 and included a couple dozen parcels located in the C-1 and C-2 zoning districts, Downtown Core and Downtown Fringe.  The money would be generated by the amount that future property taxes increased over 1986 levels and the district would have a 27-year life, sunsetting in 2013.

The City Council wanted the funds to be used for improving streets, repairing the river wall by the Ames Mill dam, and building a public parking lot as well as other downtown improvements to be planned later.  The limited supply of parking downtown and its threat to economic vitality had been documented since the 1978 University of Minnesota Northfield River Corridor Plan and was subsequently corroborated by the 2001 Walker Parking Study. Continue reading TIF District #4, The Streetscape Task Force, and Downtown Parking