Willmar Opportunity Zone Prospectus Promotes Local Investment Potential

3 Feb 2020

News, Press Release

Today, Aaron Backman, Executive Director of the Kandiyohi County and City of Willmar Economic Development Commission, announced the release of the Willmar Opportunity Zone Prospectus. Click here to see our Top 5 Opportunity Zone Prosectuses of 2020. The prospectus highlights the designated census tract in Willmar to potential opportunity zone investors and developers.

“This aggressive approach of promoting the Willmar Opportunity Zone has already opened discussions with interested businesses, developers and investors,” said Backman. “Our area continues to be a leader in Greater Minnesota for business opportunity and workforce attraction and this prospectus validates our growth potential.”

Economic Development Organizations should be very aware of the changing workforce conditions and how this impacts their community. Need more help with workforce attraction in your community?

Willmar is a prime location for agribusiness, bioscience, and technology businesses and is home to industry leaders. Jennie-O, the nation’s largest turkey processing company, and RELCO, the world’s third-largest dairy equipment manufacturer, are located in Willmar’s Industrial Park. Epitopix, an affiliate of the Netherlands’ company, Vaxxinova, is a veterinary biologics research, development, and manufacturing company located in Willmar. Nova-Tech Engineering, situated on the MinnWest Technology Campus, manufactures and leases poultry-treating equipment used globally.

The Willmar Opportunity Zone can drive investments in commercial, housing, and mixed-use projects. This can foster mixed-income housing that is affordable and secure for families most at risk of displacement, including low-income households and households with new Americans. Investments are expected to drive equitable growth and prosperity for current residents within the zone.


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