The Red Wing Port Authority Celebrates Economic Development Week, May 6th - May 10th

The Red Wing Port Authority is excited to celebrate Economic Development Week (EDW) from May 6th - May 10th. EDW, established by the International Economic Development Council, highlights the importance of economic development in our region and across the globe.

Economic development is crucial to Red Wing’s growth and prosperity. It encompasses various initiatives, from attracting new businesses to supporting existing ones, creating new job opportunities, and enhancing our community's overall quality of life.

“The Red Wing Port Authority believes in assisting in a strong quality of place,” said Shari Chorney, Port Authority Manager. Here’s how the Port Authority supports that vision.

Understanding the Role of The Red Wing Port Authority

At its core, economic development involves a range of activities to attract, create, and retain jobs to foster a resilient and growing economy. This collaborative effort requires close coordination between businesses, government entities, and various community stakeholders to achieve sustainable success.

The Red Wing Port Authority dedicates itself to supporting businesses in Red Wing, Minnesota. Our services include:

• Business Retention & Expansion (BRE): Support existing businesses to thrive and expand, creating jobs through infrastructure improvements and resource access.
• Marketing & Attraction: Develop and execute campaigns to attract businesses and talent, showcasing community strengths to internal and external audiences.
• Entrepreneurship and Small Business Development: Support small businesses and entrepreneurs with access to capital, space, and technical assistance.
• Real Estate Development: Engage in projects like industrial parks and incubators to stimulate economic growth.
• Incentives: Help businesses access financial services and incentive programs for growth and expansion.
• Workforce Development: Collaborate with agencies to ensure a skilled talent pool, understanding and addressing company workforce needs.

Driving Economic Development: How The Red Wing Port Authority Supports Business Success

There are several incentives and initiatives that The Red Wing Port Authority has in place for residents who want to start a business. The Community Development Department is responsible for driving economic growth through empowering local businesses.

Small business owners are encouraged to take advantage of the Small Business Development Center, which provides the professional expertise and guidance that business owners need to flourish. This statewide network provides training and educational resources across Minnesota. For early-stage Information and Technology businesses, The Red Wing Port Authority has partnered with Red Wing Ignite. This business incubator offers a newly renovated facility that business owners can lease. It also gives participants the opportunity to meet business mentors, attend networking events, and access the Red Wing Angel Fund.

Of course, The Red Wing Port Authority has many other initiatives in place to help small business owners find lasting success. Visit our website to see how we’ve helped local businesses succeed with loans, grants, and more.

The Red Wing Port Authority: Your Partner in Business Growth and Development

During EDW, we celebrate the hard work and dedication of our economic developers and local leaders, who are committed to driving economic growth and improving our community's quality of life. We invite you to join us in recognizing their efforts and learning more about economic development's impact on our region.

To learn more about how The Red Wing Port Authority can support your business or to get involved in our economic development initiatives, visit https://www.redwingportauthority.org.