Looking for a place to start and grow your company? Moving your organization to a new location? The City of Winsted is a great place for business; it’s centrally located, economically vibrant and business friendly.

The City of Winsted is your first-stop for business development assistance, including:

  • Site selection for large or small business
  • Business expansion and relocation 
  • Referral source for business start-up assistance
  • City development, redevelopment and permit process
  • Financial and technical resources
  • Tax Increment Financing
  • Tax abatement
  • Other related activities to foster business growth and development


Let us know how we can assist you with your business start-up, relocation, and expansion needs.

 

The City of Winsted has notable development & expansion projects that have taken place in the last several years, as well as successful start-ups, including:

 

TARGET BUSINESS
& INDUSTRY
  • Light Industry
  • Medium Industry
  • Heavy Industry
LAND AVAILABLE  
INDUSTRIAL PARK
INFRASTRUCTURE
 
BUILDING SPACE  
UNEMPLOYMENT RATE
  • 3.7% (May, 2021)
CUSTOMIZED TRAINING
  • Small Business Administration
  • Ridgewater College
  • Minnesota State University - Mankato
  • Crown College
POWER
  • Xcel Energy
  • McLeod Cooperative Power Association
WATER
  • XX million gallons per day capacity
WASTEWATER
  • XX million gallons per day capacity
BROADBAND INTERNET
  • 1 Gbps + upload and download speeds
CORPORATE
INCOME TAX
  • 9.8% flat rate
  • Substantial tax deductions result in a significantly lower effective tax rate
    of 4.5% for capital-intensive manufacturing
INCENTIVES
  • Tax Increment Financing
  • Tax Abatement
  • Fee Reduction
  • State Incentives
  • Energy Incentives through Xcel Energy