NEW ULM – The New Ulm Economic Development Authority (EDA) approved revisions two of its loan programs. Last month, The New Ulm Economic Development Authority (EDA) held the first in a series of work sessions to review each of its loan and grant programs. The Commercial Rehab Loan and Small Business Loan program were the first to be discussed. Following feedback from the EDA board, staff brought revised versions of the programs to the board for approval. The Commercial Property Rehab Loan is one of the oldest in the community, having originated in the early 1980s, before New Ulm had ...