Helping businesses start, grow, and succeed in Fosston, Minnesota.
Fosston is a growing regional center located where the prairie meets the pines. With strong infrastructure, a skilled workforce, and a supportive business environment, Fosston is an ideal place to start, relocate, or expand your business. The Fosston Economic Development Authority (EDA) partners with businesses and entrepreneurs by providing land options, financial tools, and hands-on support to help companies succeed.
Fosston’s Industrial Park offers fully serviced lots with:
The park is home to several successful businesses, and a 40-acre fourth addition is underway with lots available for development. For current lot maps and pricing, visit our Industrial Park page or contact City Administrator Cassie Heide at 218-435-1959.
Several commercial properties and development opportunities are currently available in Fosston:
Location: 116 1st St E (City-owned)
Excellent visibility along Highway 2 with easy access.
Contact: Cassie Heide, City Administrator – 218-435-1959
Approximately one-third of the existing office building is available for rent, including reception area and three offices. Suitable for professional office or small clinic.
Contact: 218-435-7800
Serviced industrial lots of various sizes are available within Fosston’s Industrial Park.
Learn more at the Industrial Park page or contact Cassie Heide, City Administrator – 218-435-1959.
Additional properties may be listed with Sollie Realty, Inc. or with Juve Real Estate.
The Microloan Program helps preserve and strengthen the vitality of Fosston’s business community by supporting start-ups, expansions, and improvements to commercial buildings.
Eligible applicants: Retail, wholesale, manufacturing, and service businesses that meet SBA small business guidelines and have been in operation for a minimum of six months. All applicants are subject to a credit review.
Applications are reviewed monthly by the Fosston EDA Board.
The IRP Loan Fund provides financing for retail, wholesale, manufacturing, and service businesses that meet SBA small business definitions.
Uses must be considered beneficial to Fosston’s economic interests and are evaluated by the EDA Board and City Council. Ineligible uses include any business activity determined to not be in the City’s best interest.
Applications are reviewed monthly by the Fosston EDA Board.
Tax increment financing and/or tax abatement may be available for qualifying projects that create jobs, expand the tax base, or remove blight. Eligibility is reviewed on a case-by-case basis and structured to meet the needs of both the project and the community.
For more information on any Fosston finance program, contact:
Cassie Heide, City Administrator – 218-435-1959 –
cassie@fosston.com