Economic Development

New Ulm is home to a diverse and growing manufacturing sector. To facilitate further growth, the City offers tax exemptions, tax credits, high-quality and available labor, low-cost land, and a quality of life that is hard to beat.  Find out why companies like 3M, Kraft Foods, AMPI, Parker Hannifin, Windings, American Artstone, Beacon Promotions and Elkay Wood Products have chosen New Ulm for their manufacturing facilities.  

If you are interested in Business Development

Services Available
Economic Development Corporation Yes
Economic Development Authority Yes
County Development Corporation Yes
Chamber of Commerce Yes
Port Authority No
Retail Services Yes

Incentives that are available to qualifying businesses include:

  • T.I.F. (tax increment financing)
  • Tax abatement
  • Two local revolving loan funds, with build-to-suit/lease-back arrangements
  • Electric Bill rebate
  • Job creation refund

Assistance offered includes:

  • Site location assistance
  • Technical assistance in accessing regional, state or federal loans
  • Technology transfers or access to world-wide markets
  • Workforce training grants

Economic Development Corporation

 

Community Development Director, City of New Ulm
David Schnobrich
100 North Broadway
New Ulm, MN 56073
507-359-8245
davids@newulmmn.gov

 

Chamber of Commerce
Audra Shaneman
P.O. Box 384
New Ulm, MN 56073
507-233-4303
audra@newulm.com

 

Retail Services Specialist
Cara Knauf
P.O. Box 384
New Ulm, MN 56073
507-233-4308
cara@newulm.com