Wabasso Economic Development Authority (EDA)
The EDA has a five-member board appointed by the City Council. The EDA works to promote economic development and housing opportunities for the City. The EDA board meets on the first Wednesday of the month at 5:00 p.m. at the Community Center. For more information on board meetings, business or housing opportunities, contact Larry Thompson at 507-342-5519 or contact us online.
The EDA works in partnership with the Redwood Area Development Corporation and Redwood Economic Development Commission to provide business assistance to new and existing businesses, including business planning and financial packages. The EDA operates a Revolving Loan Fund (RLF) to help with business start-ups and expansions.
The EDA operates 5 units of rental housing for the community. These units are located at 1172 Dewey Street. Rent includes all maintenance of the grounds. To be placed on the waiting list contact Larry Thompson at 507-342-5519 or contact us online. The EDA also has seven vacant lots available for new housing construction. Prices range from $22,000 to $26,000 plus terms. The lots are fully developed including paved streets, curb and gutter, and all municipal utilities.
The EDA is also developing additional duplex rental opportunities which are anticipated to be available in late 2021.