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Working for you

DEDA exists to make Duluth a more prosperous place for people to live and work. The Minnesota Legislature granted cities the power to create economic development authorities in the late 1980s. Under state law, DEDA has effective tools to use for the public good:Enter into contracts, including buying and selling property

  • Make loans and grants to businesses
  • Provide guarantees or credit enhancements
  • Issue general obligation bonds (with approval) and revenue bonds
  • Utilize tax increment financing
  • Exercise eminent domain (with approval)
  • Accept public land
  • Establish foreign trade zones

Whether it is buying or selling property to assist a large development or researching the best financing options, DEDA supports projects that generate significant return on investment, benefits the community through job growth and increased tax base, and contributes to a sustainable future for Duluth.