The Montevideo Industrial Development Corporation is ready to help your business grow in Montevideo.  We work closely with governmental and non-profit agencies to develop the best possible package of resources to help your company.

For additional information on our services see "Services of the MIDC and EDA".

For information about MIDC see below.

Mission Statement and Goal

Mission Statement

•      The Mission of the Montevideo Industrial Development Corporation is to stimulate economic growth and the quality of life in the Montevideo area by promoting the creation of enhanced job opportunities.  The MIDC will assist existing and potential employers by investing in real estate and coordinating public and private efforts to provide comprehensive and innovative economic development resources.

Goal

•      The Goal of the Montevideo Industrial Development Corporation is to assist in creating 25 net new jobs each year in existing or new industries.
 

MIDC and Partners have been involved in:

•      Purchase of 14 tracts of land totaling more than 270 acres

•      Construction of 16 new buildings totaling over 365,000 square feet

•      More than 20 remodeling, expansion and refinancing projects

•      Acquisition, remodeling, and financing of 6 existing buildings

•      Assistance with regulatory, environmental, training, housing, day care, transportation, vendor access and other issues

•      Approximately 1600 people are directly employed as a result of these activities

•      COMMUNITY WIDE INVOLVEMENT CREATES SUCCESS!!!

•      Broad Based Community Support

n   More than 400 people have invested in 3 separate fund drives and 1 refinancing

•      County, City and Sparta Township have provided direct and indirect support

n   Infrastructure, Financing options, Tax Increment, Enterprise Zone, Etc.

n   Land

•      Chamber of Commerce, Montevideo Community Development Corporation and Montevideo Economic Development Authority have played significant roles

n   Staff for coordinating activities of volunteers

n   Loan Funds

n   Public Relations and Marketing

•      Volunteers have been important part of success

n   Fund Drives

n   Prospect Identification and Solicitation

n   Site selection, preparation, construction coordination, and maintenance

n   Financing, direct and indirect

n   Nurturing the company so it will succeed and expand

•      An unpaid nine member Board of Directors elected by stockholders for 3-year terms

n   Plan and direct activities

n   Manage properties and finances

n   Maintain contact with existing businesses and encourage expansion

n   Facilitate identification and selection of prospects

Board of Directors

·          Dennis Brandon, President
Western Co-op Transport Association
 

·          Scott Hinde, Vice-President
Xcel Energy

·          Donald Maland, Secretary

Prindle, Maland, Sellner, Stennes, Knutsen, and Stermer, Chartered
 

·          James Lee, Treasurer

Lee and Berner, Ltd.
 

·          Keith Hein

Hein, Theobald, and Associates
 

·          Randall Punt
RE/MAX Neighbors

·          Doug Nelson
J & D Construction, Inc.

·          Brian Johnson

KleinBank