This EDA investment supports the city of isle with constructing its new isle industrial park in mille lacs county, minnesota

The Economic Development Administration awarded the City of Isle, Minnesota $485,935 under the Economic Adjustment Assistance (CFDA 11.307) federal grant program on August 29, 2022. The funding will support the city's construction of its new Isle Industrial Park, creating four lots totaling 16 acres of developable industrial space to attract new businesses and enable expansion of existing companies. With an additional 57 acres planned for future development, the new infrastructure aims to foster private investment, partnerships, and job growth to strengthen the regional economy in the aftermath of the COVID-19 pandemic's adverse impacts on the city. The project aligns with EDA program objectives of providing planning and public works assistance to regions facing economic challenges.

The city was devastated by covid-19 pandemic-related layoffs and business closures from which IT has not recovered. The new infrastructure will create four lots totaling 16 acres of developable industrial space for business expansion and attraction. With an additional 57 acres of city-owned space to be developed in the future, the city will be well-placed to embrace industrial activity and recover from the pandemic's effects. These improvements will foster new private capital investment, partnerships, and job creation, while bolstering activity for existing businesses, to boost economic resiliency throughout the region.