agriculture

New angel fund ready to invest in west central Minnesota

November 6, 2017

New angel fund ready to invest in west central Minnesota
WILLMAR—After being in the works for several years, a local angel fund now has nearly $1.4 million ready to invest in private companies that have the potential for profitable growth. Based in Willmar, the West Central Angel Fund I LLC officially began accepting applications this fall from “early to middle stage” private business ventures that need a minimum of $100,000 in investment capital. “Access to capital is critical to economic strength in a community,” said Connie

IMPACT of Agriculture in Kandiyohi County 2017

October 31, 2017

IMPACT of Agriculture in Kandiyohi County 2017
The EDC thanks the West Central Tribune for bringing today’s face of agriculture and its impact on our region to the public in the 2017 IMPACT magazine.  Understanding the importance of agriculture and its contributions to our economy and quality of life is emphasized in this thorough publication.  The interviews include those of family farmers, who are still the backbone of U.S. agriculture, as well as those involved with value-added production such as the ethanol industry.  Other interviews

EDC Encourages Expansion

November 21, 2016

EDC Encourages Expansion
During 2016, the EDC has been working to assist several expansions, including the Kandi Mall Rehabilitation Project, Glacial Ridge Hospitality, and the ERC expansion. Each of these projects not only offers significant capital investment, but also involves a lot of planning and interaction with businesses. Through these projects and more, around 350 new jobs will be generated in Kandiyohi County during the next two years. The EDC is committed to working with the business community to create opportunities

EDC group learns about aeroponics system to grow produce locally, year-round

September 6, 2016

EDC group learns about aeroponics system to grow produce locally, year-round
WILLMAR—A proposal to grow fresh lettuce and herbs year-round with nothing more than air, light and a fine mist of water and nutrients was presented last month to a local ag-based committee that is more familiar with growing crops in soil. Aeroponics, which involves growing plants by having roots exposed to oxygen and fed with a mist of water, could be an answer to consumers who want locally grown product and an answer to an entrepreneur looking for a new business, said Dana Anderson, CEO of Living

Angel investor group to focus on agriculture development in Kandiyohi County

July 25, 2016

WILLMAR—An angel investment group that will have up to $3 million in funds to focus on agricultural development in Kandiyohi County could have enough investors to launch a project yet this year. In the works for two years, the newly named West Central Angel Fund 1 has 13 initial investors who have worked with a capital investment consultant in recent months to create a formal limited liability company structure for the fund. All that behind-the-scenes-work has placed the investment group in a position