Economic Development Authority (EDA)

The EDA is a separate legal authority under state law that studies and analyzes economic development financing matters for the City of Woodbury. The EDA has access to financial resources to assist businesses so as to create new jobs, increase the local tax base and improve the economic vitality of Woodbury. These resources include a revolving loan fund called the Woodbury Growth Fund and the Twin Cities Community Capital Fund, which provides gap financing for local businesses. The EDA also reviews tax increment financing proposals, as well as financing of major public projects by the city.

The City Council serves as the EDA. The EDA generally meets on the second Wednesday, generally at 6:45 p.m., prior to City Council meetings. Meetings are cablecast at 6:45 p.m. on Channel 16 and are also rebroadcast throughout the week. Check the Woodbury Bulletin or call the South Washington County Telecommunications Commission at (651) 458-9241 for rebroadcast dates and times. Programming details are also available on the South Washington County Telecommunications Commission Web site at www.swctc.org. In addition, live and archived Economic Development Authority meetings can be viewed on the South Washington County Telecommunications Commission Web site. EDA meeting agendas can be found on the agendas page.

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2010 Economic Development Authority Members