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EDA considers big changes to small business loan program

NEW ULM – The New Ulm Economic Development Authority (EDA) held the first in a series of work sessions to review its loan and grant programs Tuesday. The board first discussed revisions to the Commercial Property Rehab Loan program. Details on that discussion were published in the Thursday, Feb. 12 edition of The Journal. The EDA Board also discussed changes to the Small Business Loan program. The Small Business Loan program is one of the newer EDA programs. City Manager Chris Dalton said it was originally called the Limited Loan Program, but saw limited use and was changed to the ...

New Ulm Area Chamber of Commerce annual meeting

NEW ULM -- Guldan Family Farms and J&R Schugel Trucking were named Businesses of the Year during the New Ulm Area Chamber of Commerce annual meeting Tuesday at Turner Hall. Guldan Family Farms received the Small Business of the Year award. Tim Guldan said the operation began as a response to ...

Sleepy Eye City manager announces retirement

SLEEPY EYE — The Sleepy Eye City Council unanimously approved City Manager Bob Elston’s December 18 retirement notice Tuesday. Elston, who turns 65 Dec. 13, said Dec. 18 will be his last day on the job. “Thank you not only to the city council and mayor, but every city council and mayor ...

Winter heat wave continues into next week

NEW ULM — It’s great weather for afternoon walks, but the local weather forecast looks bleak for snowmobile enthusiasts. The Wednesday afternoon temperature in New Ulm reached 49 degrees, according to the National Weather Service (NWS). It was not an all-time record. That was set in 1977 at 59 degrees. “The warm weather, much of it nearly 30 degrees above average, will continue into early next week,” said NWS Chanhassen Meteorologist Kaleb Grunzke. He said New Ulm’s forecast highs are 51 for Thursday, 53 Friday, 58 Saturday, 56 Sunday and 59 degrees Monday. If the forecast ...

New Ulm EDA reviews Commercial Property Rehab loan program

NEW ULM – 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 on Tuesday. The first program the board looked into was the Commercial Property Rehab Loan. This loan is one of the oldest in the community, having originated in the early 1980s, before New Ulm had an EDA. Community Development Director David Schnobrich said the program started as a housing rehabilitation program. The city allocated $115,000 of its own funds for the program over a two-year period. The first loan was issued in 1981. At ...

‘We want people to meet them’

NEW ULM — District 88 School Board members outlined their responsibilities, current challenges and future goals during the League of Women Voters’ “Meet Your Elected Officials” forum Monday evening at New Ulm City Hall The board emphasized collaboration, student opportunity and the ...