The Watertown Economic Development Authority (EDA) was created to serve as a resource to develop Watertown's local economy. The EDA is served by two City Council liaisons and three members from the general public. Members of the EDA are: Ken Grotbo (Chair), Corey MIttiness, Matt Jensen,Lindsay Guetzkow (City Council), and Deborah Everson (City Council). The City Administrator serves as the Executive Director of the EDA and as the primary contact.
The Watertown EDA is ready to work with existing businesses and new leads to ensure a robust and active local economy. The EDA has already partnered with downtown property owners for fascade improvements and new businesses in the Business Park.
The Watertown Economic Development Authority (EDA) has resources available to grow your business in Watertown! The local community has a long history of supporting local businesses, either welcoming those who are new to town or an established businesses seeking to expand. The EDA and City Council have a proven track record of using creative economic development tools at their disposale to help the local economy thrive. In addition to the various economic development tools available to the EDA and City like TIF, tax abatement, etc. The EDA administers two grant and loan programs for various business uses.
To learn more about Watertown and the unique and important statistics about our community please view our Community Profile.
609 Jefferson - Hwy 25 multi tenant space. Excellent visibility and access.
300 Lewis Ave S - Excellent location in the heart of downtown, ample private and public parking. Adjacent to the Luce Line regional trail.
Building Facade Improvement Program
The Building Facade Improvement program aids businesses in commercial, industrial, and central business districts complete building envelope improvements. The program provides up to $5,000 in loan assistance and up to $2,500 in grant aid to local property owners who make improvements on the facade of their building.
The EDA makes available resources to help a business fund start up through the Revolving Loan Fund program. Loan proceeds of up to $25,000 can be used for capital acqusition, capital equipment, property acquisistion etc. to help a business locate or expand in Watertown. The loan offers competitive terms and finance rates.