Economic Opportunities in Monticello, MN 

Monticello was rated one of the fastest-growing Minnesotan cities in 2011. With a population of about 14,000 and major employers, including Xcel Energy and CentraCare Health, the city is an ideal place for new or relocating business owners to call home. Just 25 minutes from the Twin Cities, Monticello offers easy access to I-94, as well as Highways 25 and 10. The city features housing options for every size family and budget, a growing health care industry, plenty of recreational parks and trails, and a strong downtown sector with historical value. In addition, skilled workers flock to Monticello from top Minnesota universities, like St. Cloud State University.  

The city of Monticello strives to make it easy for business owners to establish themselves in or relocate to Monticello, offering assistance in everything from site selection to financing options. There are a variety of local, state, regional, and federal financing assistance programs, including: 

• Tax abatements 
• Tax Increment Financing 
• Revolving loan funds  
• Rural development loans  
• Tax credits 

In addition, the Monticello Chamber of Commerce represents over 300 companies in the city, aiming to stimulate the economy and support local businesses.