Construction is scheduled to begin in the spring or summer of 2025.” In addition to infrastructure development, the Port Authority administers flexible local loan programs that help businesses cover upfront costs while ensuring long-term value for the city. Olenius notes that these tools provide meaningful support for entrepreneurs and industry leaders: “We’re willing and able to work with businesses that want to grow here. Our location, combined with streamlined processes, makes North Mankato an ideal location for investment. AN EXPANDING INDUSTRIAL LANDSCAPE The Northport Industrial Park is home to a diverse mix of businesses that form the backbone of the city’s economy, spanning sectors such as advanced manufacturing, defense contracting, logistics, and printing.CityAdministrator Kevin McCann outlines the landscape: “We have a bus company, manufacturers of power systems such as generators, and NIDEC Engineering, which holds federal contracts with the Department of Defense.” Taylor Corporation, which started here, is now a multi-billion-dollar business with multiple facilities in the city. With the Port Authority’s recent acquisition of 60 additional acres, North Mankato is preparing for a new wave of industrial expansion. These shovelready sites are strategically positioned to attract advanced industries seeking connectivity, robust infrastructure, and a business-friendly environment. Olenius highlights the city’s strategic positioning: “We have access to major highways, such as 14 and 169, which makes North Mankato an attractive location for manufacturing and distribution.” The proximity to larger urban centers, combined with the community’s small-town appeal, gives North Mankato a competitive advantage in attracting companies of all sizes. To further encourage economic growth, the city offers a comprehensive support system for businesses.“We have federal and local loan programs, and we also use tax increment financing (TIF) to help businesses 5 CIVIL AND MUNICIPAL VOLUME 06, ISSUE 04 NORTH MANKATO, MN
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