City of Claremont

City on the Right Track

Claremont EDA

The Claremont Economic Development Authority was created by the City Council under Minnesota State Statue 469.  The main goals of the EDA are to help strengthen our community's businessess, partner with community organizations and attract new businesses to the City of Claremont.

The EDA is a 7 member board which includes elected officials and community members.  The board holds regular meetings on the 1st Thursday of the month at 6:00pm at City Hall or as needed.  All EDA meetigs are open to the public.

Claremont EDA Revolving Loan Program

The overall goal for the Claremont Economic Development Authority’s Revolving Loan Program is to stimulate Claremont’s economy by providing low interest loans to small and medium sized businesses.


If you are interested in learning more about the Revolving Loan Program please contact City Hall at 528-2137, or by email at For additional business assistance, contact our Economic Development Adviser Tom Monson at (507) 413-2500 or

Attached Document or FileEDA Board Application.pdf Form to apply for EDA board opening.
Attached Document or FileRevolving Loan Fund Guidelines Download to apply for EDA gap financing.
Attached Document or FileClaremont Guide to Programs Popular local, county, state, and federal assistance programs we can assist with.
Attached Document or FileBusiness Subsidy Application Complete this form to apply for local business assistance programs.
Attached Document or FileBusiness Subsidy Criteria Business assistance program policies.