Matching grant program continues in downtown NYM
News | Published on December 30, 2025 at 5:03pm GMT+0000 | Author: Tucker Henderson
0EDA receives four new applications
By Tucker Henderson
Reporter
The New York Mills Economic Development Authority met recently on Wednesday, Dec. 17 to discuss the development within the city and their plans for the new year. The revolving loan fund balance sits at $246,403.61 for future loans to eligible local businesses.
The Downtown Matching Grant program received four applications in the past month. Lake Country Home Care, The Wild Mane, CK1 LLC and C. Property Collective all had applications approved by the EDA board for their building improvements. Julie Roberts said that she submitted an application to the Otter Tail County CDA board for another round of matching grants, this time for up to $10,000 each.
Roberts also gave an update on the South Point addition, commenting that the county should know in the next month or so if they will be purchasing the lots which they have had a tentative purchase agreement for the past two years. These lots are slated to be used for a senior housing complex. Shelters have been finished along the walking trail. She also noted that the South Point Apartment building was at 80 percent capacity as of November.
Funding for solar lighting along the walking trail is being sought. Another possibility for the South Point addition is to connect parts of the walking trail with the city sidewalks. These improvements will be completed if grant funding is found.
The Family Resource Center which will be housed in the City Center building is also moving forward and will be purchasing materials in accordance with the grant funding. Adult education courses are currently being offered in NY Mills, but will eventually be joining the Resource Center once it is up and running.
Roberts said there is a possibility of splitting funding from the County CDA in order to better serve a variety of matching grant program funds in the future. This would split eligible CDA funds for exterior improvements with EDA funding, which would be eligible to use for interior funding for local businesses.
Several new studies to benefit economic development are in the works and will be announced at the NY Mills Civic & Commerce Community Kick-Off event which is slated for Wednesday, Jan. 28.
The next meeting of the EDA board will be on Wednesday, Jan. 21 at 8:30 a.m. in the City Hall Chambers.