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Minnesota economic development organizations

There are 212 economic development organizations in Minnesota. Combined, these Minnesotan economic development organizations employ 1,042 people, earn more than $271 million in revenue each year, and have assets of $842 million.
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Types of economic development organizations in Minnesota

Nonprofit typeNumberRevenues
Economic development organizations
 
212
 
$270,612,000
Urban development organizations
 
62
 
$113,741,941
Convention centers and visitor bureaus
 
24
 
$35,660,539
Showing 3 of 3 categories

Economic development organizations by major Minnesota cities

Metro areaNonprofitsRevenues
Minneapolis
 
83
 
$169,678,718
Duluth
 
20
 
$7,283,136
Rochester, MN
 
9
 
$21,871,482
St. Cloud
 
7
 
$2,809,769
Mankato
 
7
 
$3,490,420
Fargo, ND
 
2
 
$1,522,199
La Crosse, WI
 
1
 
$0
Showing 7 of 7 metros

Job trends for Minnesota economic development organizations

Employees per organizationNumber of organizations
0
 
44
1-10
 
56
11-25
 
13
26-100
 
12
101 to 1,000
 
1
1,000+
 
0
Key takeaways for employment stats:

Sizes of economic development organizations in Minnesota

Revenues per organizationNumber of organizations
< $250k
 
77
$250k to $1M
 
39
$1M to $5M
 
27
$5M to $25M
 
13
$25M to $100M
 
1
$100M+
 
0
Key takeaways for revenue stats:

Directory of economic development organizations in Minnesota

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1-20 of 212

Neighborhood Development Center

Neighborhood Development Center empowers low-income entrepreneurs and communities in Saint Paul, MN through financing programs and business training.
Revenue
$11.1m
Assets
$39.7m
Employees
51
EIN
41-1738791
IRS type
501(c)(3)

Northside Economic Opportunity Network

NEON collaborates to build wealth for low-income entrepreneurs in Minneapolis. Provides technical assistance, grants and loans to businesses.
Revenue
$11.9m
Assets
$18.7m
Employees
16
EIN
80-0163521
IRS type
501(c)(3)

Seward Redesign

Seward Redesign builds vital neighborhoods with affordable housing, commercial real estate, and living wage jobs while attracting new businesses to the area.
Revenue
$5.8m
Assets
$19.8m
Employees
7
EIN
23-7290844
IRS type
501(c)(3)

Community Reinvestment Fund (CRF)

The mission of Community Reinvestment Fund is to improve the lives of disadvantaged people and strengthen distressed communities through innovative finance.
Revenue
$55.5m
Assets
$193.1m
Employees
118
EIN
41-1616861
IRS type
501(c)(3)

Midwest Minnesota Community Development Corporation

MMCDC helps communities achieve a better quality of life through commercial loans, affordable housing lending, and home improvement financing.
Revenue
$6.3m
Assets
$79.3m
Employees
42
EIN
41-0972298
IRS type
501(c)(3)

Initiative Foundation

The Initiative Foundation exists for one purpose, to improve the quality of life in central Minnesota. At the core of their work is the belief that local people possess the talent, passion and ability to achieve a brighter future.
Revenue
$10.0m
Assets
$109.0m
Employees
33
EIN
36-3451562
IRS type
501(c)(3)

Southern Minnesota Initiative Foundation (SMIF)

Southern Minnesota Initiative Foundation's mission is to promote regional economic opportunities and collaborations with a focus on entrepreneurs and early childhood development.
Revenue
$5.9m
Assets
$69.7m
Employees
34
EIN
36-3454285
IRS type
501(c)(3)

Southwest Initiative Foundation

Southwest Initiative Foundation connects people, invests in ideas, and builds communities with a comprehensive approach to help build stronger communities.
Revenue
$13.3m
Assets
$108.2m
Employees
27
EIN
41-1555592
IRS type
501(c)(3)

Greater MSP

The Greater MSP Partnership is committed to stimulating economic growth and prosperity in the Minnesota's 16-county Minneapolis Saint Paul metro area.
Revenue
$8.0m
Assets
$6.4m
Employees
27
EIN
27-4026636
IRS type
501(c)(3)

Enterprise Minnesota

Enterprise Minnesota is an ISO 9001:2015 certified consulting organization that helps manufacturing companies become operationally efficient and well positioned to grow profitably.
Revenue
$5.9m
Assets
$3.9m
Employees
36
EIN
41-1595930
IRS type
501(c)(3)

Rochester Minnesota Convention & Visitors Bureau (RCVB)

To promote and sell Rochester Minnesota as an overnight visitors destination and provide offered information and assistance to visitors while creating and communicating a positive perception of the city of Rochester, Minnesota.
Revenue
$11.0m
Assets
$4.7m
Employees
18
EIN
41-1625680
IRS type
501(c)(6)

Greater Mankato Growth (GMG)

We are committed to advancing business for a stronger community as the chamber of commerce and economic development organization serving the regional marketplace, Greater Mankato growth advanced through existing business support.
Revenue
$3.3m
Assets
$4.7m
Employees
26
EIN
41-1446548
IRS type
501(c)(6)

Saint Paul Rivercentre Convention and Visitors Authority

Rivercentre attracts visitors, hosts events, and supports member businesses to generate economic growth for Saint Paul as a preferred tourism destination.
Revenue
$19.3m
Assets
$15.7m
Employees
15
EIN
20-3338905
IRS type
501(c)(6)

Meet Minneapolis

Meet Minneapolis markets and sells the city to maximize visitor experience for economic community benefit.
Revenue
$13.7m
Assets
$7.8m
Employees
95
EIN
36-3568407
IRS type
501(c)(6)

Bloomington Convention and Visitors Bureau

Bloomington Convention and Visitors Bureau is the official marketing organization of the city of Bloomington, Minnesota. As such, they promote travel and tourism to the city, its partners, local attractions and the surrounding communities.
Revenue
$6.1m
Assets
$8.6m
Employees
18
EIN
41-1696432
IRS type
501(c)(6)

Cook County Visitors Bureau

The corporation exists to promote and increase tourism within Cook County, Minnesota for the benefit of its members and their members, employees and communities.
Revenue
$2.5m
Assets
$868.4k
Employees
10
EIN
27-2386592
IRS type
501(c)(6)

Minneapolis Downtown Council (MDC)

MDC is an urban development organization in Minneapolis, MN whose mission is: Minneapolis Downtown Council is committed to creating an extraordinary downtown.
Revenue
$4.3m
Assets
$2.4m
Employees
93
EIN
41-0761732
IRS type
501(c)(6)

Lovin' Lake County

Lovin' Lake County promotes tourism and festivals in Lake County, Minnesota through programs that aim to draw attention to the area's attractions. It is located in Two Harbors, MN.
Revenue
$1.7m
Assets
$1.2m
Employees
4
EIN
83-3336356
IRS type
501(c)(6)

African Economic Development Solutions

African Economic Development Solutions drives economic growth and sustainability within African immigrant communities in the Twin Cities through business development training and consulting.
Revenue
$3.9m
Assets
$10.1m
Employees
15
EIN
80-0345712
IRS type
501(c)(3)

Downtown Duluth

Downtown Duluth promotes safety and economic development through various programs aimed at enhancing the area. These initiatives focus on promoting economic growth and safety within this city in Minnesota.
Revenue
$1.0m
Assets
$543.6k
Employees
12
EIN
41-1467228
IRS type
501(c)(6)
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Methodology: Cause IQ mines all tax-exempt organizations that file a Form 990, Form 990-EZ, or Form 990-PF with the IRS. We collect and aggregate this information from OCR'd paper taxreturns, XML e-file taxreturns, IRS-provided extract, the Business Master File, and Cause IQ secret sauce for data cleaning, categorization, classification, analytics, etc.
This category corresponds to the "S30: Economic Development" National Taxonomy of Exempt Entities (NTEE) code. Cause IQ determines NTEEs for organizations by its own internally-developed secret-sauce algorithms.
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