Springfield Economic Development Authority

Industrial Park
Springfield has 86 acres on the west edge of town available for development. This property is adjacent to US Highway 14. The current price for land is $2000 per acre, with incentives available. For more information please contact the Springfield EDA at 507-723-3500.

Springfield Economic Development Authority (EDA)
The Springfield EDA was established in 1988. The EDA has a seven-member board appointed by the City Council. The EDA works to promote economic development for the City. We provide business assistance to new and existing businesses, including business planning and financial packages. We operate a revolving loan fund to help with business start-ups and expansions. EDA projects have included a Business Retention and Expansion program, Area Consumer Survey, Commercial and Housing Re-hab through a Small Cities Grant, and Industrial Park development. For more information on business opportunities in Springfield, contact our EDA Director at 507-723-3500.

The Springfield EDA operates 16 units of real market rent housing for the community. This complex is located at 501 S. County Road 5. The development, called Parkview Place is made up of 2 and 3 bedroom units with single car attached garages. Rent includes all maintenance of the grounds. Contact the EDA Director for more information at 507-723-3500.

Photo of Parkview Place in Springfield, MN