Jan 14

City Spotlight: What is the IEDC?

Posted on January 14, 2022 at 1:23 PM by Haley Foster

City Spotlight: What is the Industrial & Economic Development Committee?

The Industrial & Economic Development Committee (IEDC) began in 1975 as the Industrial Development Committee (IDC). It was formed by business owners committed to growing manufacturing and industry in Monticello. These passionate local advocates wanted to lend their support to critical issues focused on creating and retaining business and employment in the city. The IDC later became a board of the City of Monticello – in 2008, they became known as the Industrial & Economic Development Committee.

The IEDC's mission is to advocate for industrial and economic growth within the city by promoting awareness and communication efforts on behalf of the business community. The IEDC is made up of representatives from local businesses, organizations, and residents. Meetings are 7 a.m. on the first Tuesday of the month.

Volunteer Opportunity!

We're looking for applicants to fill a vacancy on the IEDC! Applicants must be a Monticello business representative or resident of the City of Monticello. This is one of the few City boards where you are not required to live in Monticello, but you must manage a business within the City to be considered.

The IEDC often works in tandem with the Economic Development Authority (EDA) and offers feedback to the EDA on various economic development opportunities. The IEDC also works with the Chamber of Commerce and Industry to act as liaisons to new businesses in the community. The IEDC also has liaisons from the Monticello Chamber of Commerce and Industry, Wright County Economic Development Partnership, and Xcel Energy on their board. Their main purpose is to keep the business community, economic and industrial growth at the heart of the conversation. Interested in joining? Fill out an application!