Economic Development Authority
The Pine City Economic Development Authority (EDA) seeks to improve the economic condition of Pine City by attracting incoming businesses and supporting those already here. Focusing on appropriate commercial and industrial development, the EDA works to establish a higher tax base and additional job opportunities for the citizens of Pine City.
The board consists of seven members, appointed by the Mayor and approved by the City Council. Members do not receive monetary compensation. Meetings are scheduled on the fourth Wednesday of each month at 8:30 a.m. in the Council Chambers at City Hall - 315 Main Street South. Special meetings are occasionally called to review requests for financial assistance.
Business Resources
The EDA provides resources and tools, including loans, grants, Tax Increment Financing, tax abatement and business subsidies to support development. To request any of these resources:
- Review the City's Business Subsidy Policy, Revolving Loan Fund Policy or Commercial Rehabilitation Loan Policy;
- Complete the Financial Assistance Application and collect required documentation;
- Submit application, supporting documents and the required fee, per the fee schedule to City staff.