The Osakis Economic Development Authority
The preservation and creation of jobs, enhancement of tax base and promotion of the general welfare of the people of Osakis are the primary objectives of the city’s economic development activities. To meet these objectives, the Osakis Economic Development Authority (EDA) was established by the City Council in 1997. The Osakis EDA primarily functions as an advisory board while the City Council has all final decision-making authority. Through the EDA, the city provides business assistance with tax increment financing (active TIF districts), tax abatement, the use of JOBZ acreage, the issuance of industrial revenue bonds, and works with local lenders to provide conventional financing. The city also works closely with regional and state agencies, such as West Central Initiative Foundation and Initiative Foundation the Minnesota Department of Employment and Economic Development (DEED), which offer additional economic development programs.
Location and Quality of Life
Osakis’ economy benefits from its location adjacent to I-94 and its proximity to the Alexandria area. Additionally, the area’s lakes draw retirees, advancing service and construction occupations. Resulting opportunities draw experienced workers, which may stabilize slowing labor force growth and an aging workforce..