Region Five Five Counties. One Vision. One Source Links & Resources
What We Do

Economic Development

 

 Comprehensive Regional Economic Development Strategy


Through a planning grant provided by the U.S. Department of Commerce and Economic Development Association, Region Five Development Commission develops and maintains the Comprehensive Regional Economic Development Strategy (CREDS) for the region.

Comments and questions regarding this plan can be directed to Dawn Espe at despe@regionfive.org or 218-894-3233.


To learn more about the 2016-20 21 CREDS, please visit www.eda.gov/ceds or www.regionfive.org.

 

 


Investment Priorities

 

Within the parameters of a competitive grant process, all projects are evaluated to determine if they advance global competitiveness, create jobs, leverage public and private resources, can demonstrate readiness and ability to use funds quickly and effectively and link to specific and measureable outcomes. To facilitate evaluation EDA has established the following investment priorities:

1. Collaborative Regional Innovation

2. Public/Private Partnerships

3. National Strategic Priorities

4. Global Competitiveness

5. Environmentally-Sustainable Development

6. Economically Distressed and Underserved Communities

 

Click here to learn more.


For more information on R5DC's Economic Development programs, please contact Cheryal Lee Hills at chills@regionfive.org or call 218-894-3233 x1.

 


Your trusted regional financial assistance provider


 

Lending opportunities:

Business Micro-Lending

Business Gap Financing

Individual Septic System Loans

Household Well Water Loans

 

 

 

Lakeland Public Television recently did a news story about how NCEDA can assist small businesses in the region. Click HERE for the story.