Lake Country Power and Great River Energy desire to see business growth in northern Minnesota.
Together, they've designed a website to help you get started with your business objectives.
Lake Country Power has invested $6.5 million into regional businesses and economic development throughout our region.
We are the largest member-owned electric cooperative with a geographical territory of more than 10,000 square miles encompassing 8 counties (Aitkin, Carlton, Cass, Itasca, Koochiching, Lake, Pine and St. Louis).
Lake Country Power's economic development toolkit includes:
- Financing options
- Commercial programs
- Rates and rebates
- Energy design assistance
- Marketing and business spotlights
- Economic development partners
If you own a business or are setting up a business in Lake Country Power's service area, contact Greg Schulzetenberg at economicdevelopment@lcp.coop or 218-485-2250 for more information about these funding opportunities.
Economic Development Projects
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The Resort on Jasper Lake
The Resort on Jasper Lake in Ely received $100,000 from Lake Country Power's Revolving Loan Fund to remodel The Lake House, a beautifully hand-crafted 3,250 square foot home that sleeps up to 14 guests in four large bedrooms, each with their own custom bath. The lower level features a large, open gourmet kitchen that overlooks the expansive Great Room with a walk-around hand-laid stone fireplace.
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Bois Forte: Bravery House
The Bois Forte Band of Chippewa and Lake Country Power recently partnered on a project utilizing a vacant building to create a new homeless shelter. Weweni Bimaadizing (Bravery House) will operate 24/7, facilitating shelter for up to 30 days, and help provide mental health services for tribal members. LCP facilitated the installation of a new high efficiency air source heat pump and electric water heater.
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Cromwell Medical Clinic
Soderbloom Properties LLC partnered with Lake Country Power on a $75,000 Revolving Loan to support construction of the Cromwell Medical Clinic, a 3,903 square-foot medical office building to house a local clinic and physical therapy business.
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Midstate Plastics Corporation
Midstate Plastics Corporation in Remer manufactures a wide variety of product lines for retail and production industries. They partnered with LCP to expand and upgrade their manufacturing process utilizing energy efficiency and electrification programs.