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, and Beacon Promotions have chosen New Ulm for their manufacturing facilities.  

If you are interested in Business Development

Communications

  • New Ulm has a local telephone provider with additional long-distance and cell phone service providers.
  • E-commerce needs can be readily handled.
  • A City-administered public access channel is available.
  • Public Internet access is available at the Public Library (17 N. Broadway St.), at NU-Telecom (27 N. Broadway St.) and many other establishments including several city parks.
  • New Ulm is "fully-wired" with multiple television and broadband providers, each with state-of-the-art technology.
  • Current technologies include:
    • DSL/ISDN/TI/Fiber Optics; Wired Buildoings/WiFi/Networking; Digital Video TV
    • Computer Configuring and Sales; Computer, Telephone and Accessory Sales
    • Public Internet Access Sites; High-speed Broadband Internet
    • Digital Cable; High-Definition Broadcasting; On-Demand Video Service
    • Digital Video Recorders
  • New Ulm enjoys a daily newspaper, the Journal, and local radio stations, KNUJ at 860 AM, 97.3 FM and SAM at 107.3 FM.

Employment by Industry

Industry 

Natural Resources & Mining = 705 Brown County and 3,536 South Central Region

Construction = 717 Brown County and 4,920 South Central Region

Manufacturing= 2,885 Brown County and 19,520 South Central Region

Transportation, Trade & Utilities = 2,802 Brown County and 21,003 South Central Region

Information = 275 Brown County and 2,098 South Central Region

Financial Activities = 483 Brown County and 3,716 South Central Region

Professional & Business Services = 854 Brown County and 5,780 South Central Region

Education & Health Services= 3, 055 Brown County and 28,109 South Central Region

Leisure & Hospitality = 1,176 Brown County and 8,949 South Central Region

Other Services = 284 Brown County and 3,073 South Central Region

Public Administration = 672 Brown County and 5,614 South Central Region

Top Ten Major Employers

3M Corporation: 700
New Ulm Medical Center: 600
Kraft Heinz Company: 495
New Ulm Public Schools: 306
Brown County: 275
Associated Milk Producers, Inc. (AMPI): 252
J & R Schugel Trucking: 220
Hy-Vee Foods: 216
Mankato Rehabilitation Center, Inc. (MRCI): 200
Cash Wise Foods: 200

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

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

New Ulm Economic Development Corporation (NUEDC)

Shannon Hillesheim
507-354-8813
shillesheim@bankmidwest.com

 

 

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
Michael Looft
P.O. Box 384
New Ulm, MN 56073
507-233-4303
michael@newulm.com